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The Asia Pacific Piezoelectric Materials Market would witness market growth of 4.7% CAGR during the forecast period (2017 - 2023). Piezoelectric materials are highly agile, can change shape and are highly stiff when exposed to mechanical stress. Therefore, these materials are majorly used in wide range of electronic goods such as actuators, sensors, transducers, SONAR, generators and motors.
The consumer goods sector has witnessed significant gains in the electronics sector especially in countries such as China, Japan, and South Korea. Product innovation such as the introduction of 4K technology along with growing demand for LED on a domestic level is the factors that contribute to the industry expansion. The automotive industry on the other hand is also a potential sector during the forecast period.
Based on End User, the market is segmented into Consumer Goods, Automotive, IT & Telecom, Healthcare, Aerospace & Defense, and Others. Based on Product Type, the market report segments the market into Ceramics, Polymers, Composites, and Others. Based on Application, the market report segments the market into Actuators, Sensors, Motors, Acoustic Devices, Generators, SONAR, Transducers, and Others.
Based on Countries, the Piezoelectric Materials market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific. The market research report covers the competition analysis of key stake holders of the Asia Pacific Piezoelectric Materials Market. Key companies profiled in the report include APC International, Ltd., PI Ceramic, Harris Corporation, Morgan Advanced Materials, Piezosystem Jena, CeramTec, Sparkler Ceramics Pvt. Ltd, CTS Corporation (Noliac AS), Piezomechanik Dr. Lutz Pickelmann GmbH, and Mad City Labs, Inc.