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Market Overview of Global Piezo Actuators market:
According to our latest research, the global Piezo Actuators market looks promising in the next 5 years. As of 2022, the global Piezo Actuators market was estimated at USD 738.21 million, and it's anticipated to reach USD 1113.05 million in 2028, with a CAGR of 7.08% during the forecast years.
Piezo Actuators are transducers that convert electrical energy into a mechanical displacement or stress based on a piezoelectric effect. They have been used widely as a high precision positioning mechanism since it can control a small mechanical displacement at high speed, with the advantages of large generated force, stable displacement, and ease of use.
Influence of COVID-19 Outbreak on Piezo Actuators Industry Development
Globally, 6.35 million people have died since the outbreak began, and the toll continues to rise. At present, the Global economy continues to recover, but due to supply chain disruptions, the uncertainty of the epidemic has increased, the uncertainty of global economic recovery has increased, and the momentum of recovery has weakened. It's the worst global recession in decades, despite a massive government effort to fight it, backed by fiscal and monetary policy. But in the longer term, a severe recession triggered by the pandemic is expected to lead to a prolonged downturn in the economy by reducing investment. The recession could get worse if the COVID-19 outbreak continues, if restrictions on liquidity are extended or reintroduced, or if economic activity is disrupted for a prolonged period. Businesses may struggle to service debt, and increased risk aversion could lead to higher borrowing costs.
Drivers
Given its simple design, minimal moving parts, lubrication-free operation and high reliability. Piezo Actuators are used in a variety of industrial, automotive, medical, aerospace, aerospace and consumer electronics applications.
For example, Piezo Actuators are widely used in ultra-precision positioning control, ultra-precision measurement and ultra-precision machining with micron and sub-micron precision. The main principle is to use Piezo Actuators under the action of a small electric field, the elongation of piezoelectric ceramics and the applied voltage are approximately linearly related, and its resolution accuracy is high and the only feature. In addition, Piezo Actuators are also widely used in micro-machines as driving power components. It can mainly include micro robots, micro air vehicles, micro grippers, piezoelectric ultrasonic motors, micro pumps, micro valves, etc. In the field of consumer electronics, Piezo Actuators are widely used in smartphones, tablet computers, game consoles, etc. Mainly used in acousto-optic modulators to refine laser frequencies. Also, in the medical field, precise patient movements in CT and MRI machines are controlled by Piezo Actuators. In general, Piezo Actuators are widely used. With the continuous development of technology and economy, the demand for various precision instruments and micro-machines is increasing. Therefore, the widespread application of Piezo Actuators is one of the driving factors driving the development of the industry.
Limitations
Piezo Actuators are high precision electronically controlled positioning elements. Piezo Actuators are currently used in many microsystems. These types of actuators are designed based on the piezoelectric effect. However, a major limitation of Piezo Actuators is that they exhibit a rate-independent hysteresis between input voltage and output displacement. If this lagging dynamics is not properly compensated, positioning accuracy can be severely degraded. In fact, the presence of hysteresis in a control system can lead to oscillations and even system instability. In general, the rate-independent hysteresis exhibited between input voltage and output displacement is a technical challenge for Piezo Actuators products. This also brings challenges to the development of the industry.
Opportunities
As governments around the world continue to increase investment in the aviation sector, the market size of the aviation sector continues to expand. In addition, the growing market for aircraft manufacturing owing to growing travel and tourism development in emerging economies and increasing demand to replace outdated aircraft with newer, more fuel-efficient advanced aircraft is also propelling the aviation segment market size growth. At the same time, with the development of science and technology, more and more sensors, actuators and engines based on piezoelectric technology are used in the aviation field. Benefiting from its air and space certification and high output energy density, Piezo Actuators are increasingly being deployed in aircraft applications. For example, in aircraft, Piezo Actuators are mainly used in different parts of the aircraft to damp unwanted vibrations. In addition to Piezo Actuators, which can reduce the noise level of helicopters, the technology is also used in wind turbines, thrusters, fuel injection and valves. In general, as the market size of the aviation sector continues to expand, the demand for Piezo Actuators will continue to increase. This will be one of the opportunities for the development of the industry.
Region Overview:
From 2022-2027, North America is estimated to witness robust growth prospects.
Company Overview:
TDK Corporation is one of the major players operating in the Piezo Actuators market, holding a share of 18.14% in 2022.
TDK Corporation is a global leader in electronic solutions for a smart society, headquartered in Tokyo, Japan. TDK's comprehensive, innovation-driven product portfolio includes passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetic, high frequency, piezoelectric and protective devices. The product range also includes sensors and sensor systems such as temperature and pressure, magnetic and MEMS sensors. In addition, TDK provides power and energy equipment, magnetic heads, and more. These products are sold under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda.
KEMET is a subsidiary of YAGEO Corporation and part of the YAGEO Group. The company's products include aluminum electrolytic capacitors, ceramic capacitors, EMI filters, film capacitors, tantalum capacitors, super capacitors, flexible suppression sheets, metal composite inductors, miniature signal relays, etc.
Segmentation Overview:
Among different product types, Piezoelectric Ceramic segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Aerospace segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Piezo Actuators market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Piezo Actuators Market Report:
Market Size Estimates: Piezo Actuators market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Piezo Actuators market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Piezo Actuators market
Segment Market Analysis: Piezo Actuators market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Piezo Actuators market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Piezo Actuators Market: Revenue and sales volume of major countries in each region
Piezo Actuators Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Piezo Actuators market in major regions.
Piezo Actuators Industry Value Chain: Piezo Actuators market raw materials & suppliers, manufacturing process, distributors, downstream customers
Piezo Actuators Industry News, Policies & Regulations
Key players in the global Piezo Actuators market are covered in Chapter 12:
Piezo Systems Inc.
Thorlabs, Inc.
NGK Electronics Devices Inc
Murata Manufacturing
TAIYO YUDEN
piezosystem jena GmbH.
Elpa Company
APC International, Ltd
CEDRAT TECHNOLOGIES
Noliac
Aerotech Inc.
Physik Instrumente (PI) GmbH & Co. KG
Kinetic Ceramics
TDK Corporation
Omega Piezo Technologies
KEMET(TOKIN Corporation)
In Chapter 2 and Chapter 15.1, based on types, the Piezo Actuators market from 2018 to 2028 is primarily split into:
Piezoelectric Ceramic
Piezoelectric Composite
Others
In Chapter 3 and Chapter 15.2, based on applications, the Piezo Actuators market from 2018 to 2028 covers:
Automotive
Aerospace
Industrial & Manufacturing
Consumer Electronics
Healthcare
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Piezo Actuators market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028