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Research Delivers Insight into Piezoelectric Devices Market Size, Share Analysis and Forecast to 2020

Press Release   •   Dec 10, 2015 17:43 EST

“Piezoelectric actuators and motors are expected to hold the largest share of the piezoelectric devices market.”

The global piezoelectric actuators and motors market is expected to witness a significant growth during the forecast period owing to the benefits like reliability and cost effectiveness offered by piezoelectric actuators and motors. The increase in demand for ultra-precision motion devices used in industries such as manufacturing, structural health monitoring, non-destructive testing, automotive, and consumer electronics is expected to drive the market in the coming years. The piezoelectric actuators market has possibilities to grow in the areas of autofocus assemblies required in phone cameras, fuel injectors used in the automotive sector, and precision-movement applications in microelectronics production.Complete report on piezoelectric devices market spread across 171 pages, profiling 11 companies and supported with 75 tables and 45 figures is now available at http://www.rnrmarketresearch.com/piezoelectric-devices-market-by-material-piezoceramic-piezopolymer-piezocomposite-product-actuators-transducers-motors-sensors-generators-application-industrial-automotive-medical-consumer-geography-global-trend-forecast-to-2-market-report.html .

“The piezoelectric actuators market is expected to witness a significant growth in the coming years owing to the increasing demand for ultra-precision positioning devices.”

The piezoelectric devices market is expected to reach USD 27.24 billion by 2020 from USD 20.35 billion in 2015, growing at a CAGR of 6.01% between 2015 and 2020. The increasing demand for piezopolymers and composite materials; emerging applications of piezo devices such as low-power and portable-energy sources in the medical sector and structural health monitoring, computer disk drives, robotics, accelerometers in cell phones, and notebooks in the consumer sector; increase in funding from investors and governments; and emerging applications of piezoelectric energy harvesting devices are expected to drive the piezoelectric devices market during the forecast period. The growing demand for energy harvesting devices and increase in funding from investors and governments are expected to propel the growth of the piezoelectric devices market in the next five years.

The major players in piezoelectric devices market include APC International, Inc. (U.S.), Exelis, Inc. (U.S.), Morgan Advanced Materials (U.K.), PI (Germany), Piezosystem Jena (Germany), CeramTec GmbH (Germany), Piezo Solutions (U.S.), Piezo Systems, Inc. (U.S.), Piezomechanik GmbH (Germany), Mad City Labs, Inc. (U.S.) and US Eurotek, Inc. (U.S.). Priced at $4650 for a single user PDF, Inquire Before Buying on “Piezoelectric Devices Market by Material (Piezoceramic, Piezopolymer, Piezocomposite), Product (Actuators, Transducers, Motors, Sensors, Generators), Application (Industrial, Automotive, Medical, Consumer) & Geography - Global Trend & Forecast to 2020”research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=441919 .

“Industrial and manufacturing applications are likely hold the largest share of the piezoelectric devices market.”

Industrial and manufacturing is the leading application area for piezoelectric devices. Piezoelectric motors, sensors, actuators, and transducers have a number of important uses in industrial processes. Piezoelectric sensors such as ultrasonic sensors are used in sorting and material handling at various stages of manufacturing processes. A piezoelectric level sensor deploys sound waves to detect and monitor the level of materials in a bin. This increases automation and accuracy and reduces material losses due to human error. Actuators are used to precisely control industrial machining tools. Piezoelectric actuators, which use the piezoelectricity of crystals, are widely deployed in the high-precision positioning mechanism in manufacturing and inspection equipment to control mechanical displacements at a high speed.

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