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Market Overview of Global Piezoelectric Materials market:
According to our latest research, the global Piezoelectric Materials market looks promising in the next 5 years. As of 2022, the global Piezoelectric Materials market was estimated at USD 1119.14 million, and it's anticipated to reach USD 1451.28 million in 2028, with a CAGR of 4.43% during the forecast years.
Piezoelectric materials constitute various types of ceramics, polymers, crystals, and composites that can generate a voltage when subjected to external pressure or, conversely, expand when a voltage is applied. The response of the piezoelectric material to the mechanical force/pressure that causes the charge/voltage to be generated is referred to as the direct piezoelectric effect. In contrast, the application of charge/field that causes mechanical stress or strain is referred to as the opposite piezoelectric effect.
Opportunities and Drivers
Piezoelectric materials are used in fuel injectors, tire pressure sensors, engine knock sensors, backup sensors, dynamic pressure sensors, and modern automobiles. As the automotive and consumer electronics industries thrive, piezoelectrics materials is growing rapidly in the automotive sector.
Due to the high dielectric constant of electronic product production are increasingly popular, which will drive Piezoelectric ceramics industry growth.
Major manufacturing companies have been increasing the implementation of automation systems as an important tool to reduce operating costs in the production process. As a tool to increase efficiency and shorten lead times, manufacturing automation is becoming more and more important, and will promote the use of piezoelectric materials in actuators and sensors to expand market demand.
Piezoelectric materials have the ability to change shape and have a high degree of stiffness during exposure to mechanical stress. These materials are primarily used in the manufacture of a variety of electronic products, including actuators, sensors, sensors, SONAR, generators and motors, which in turn will increase market growth.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Meggitt PLC, Johnson Matthey, Harris Corporation with the revenue market share of 5.82%, 5.65% and 5.23% in 2018.
Meggitt plc operates an engineering group, which specializes in aerospace, defense and electronics products. The Company manufactures aircraft instruments and valves, water injection systems, compact heat exchangers, smoke detection systems and defense systems, including aerial target systems and surveillance drones. Meggitt markets its products internationally.
Johnson Matthey PLC is a specialty chemicals company which manufactures catalysts, pharmaceutical materials, and pollution control systems. The Company also refines platinum, gold, and silver, and produces color and coating materials for the glass, ceramics, tile, plastics, paint, ink, and construction industries. Johnson Matthey has operations around the world.
Segmentation Overview:
Among different product types, Ceramics segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Military segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Piezoelectric Materials 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 Piezoelectric Materials Market Report:
Market Size Estimates: Piezoelectric Materials market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Piezoelectric Materials market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Piezoelectric Materials market
Segment Market Analysis: Piezoelectric Materials market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Piezoelectric Materials market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Piezoelectric Materials Market: Revenue and sales volume of major countries in each region
Piezoelectric Materials 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 Piezoelectric Materials market in major regions.
Piezoelectric Materials Industry Value Chain: Piezoelectric Materials market raw materials & suppliers, manufacturing process, distributors, downstream customers
Piezoelectric Materials Industry News, Policies & Regulations
Key players in the global Piezoelectric Materials market are covered in Chapter 12:
Arkema
Physik Instrumente (PI) GmbH & Co. KG
KYOCERA Corporation
TRS Technologies, Inc
CeramTec
Johnson Matthey
Meggitt PLC
Piezo Kinetics, Inc.
Solvay S.A.
Harris Corporation
Konghong Corporation
APC International, Ltd
In Chapter 2 and Chapter 15.1, based on types, the Piezoelectric Materials market from 2018 to 2028 is primarily split into:
Ceramics
Polymers
Composites
Others
In Chapter 3 and Chapter 15.2, based on applications, the Piezoelectric Materials market from 2018 to 2028 covers:
Consumer Electronics
Automotive
Medical
Military
Others
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 Piezoelectric Materials 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