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The Global Piezoelectric Materials Market size is expected to reach $1.5 billion by 2023, rising at a market growth of 4.1% CAGR during the forecast period. 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. Rising popularity of piezoceramics due to high dielectric constant for the production of electronic goods would drive the market growth 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 Regions, the Piezoelectric Materials market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the competition analysis of key stake holders of the Global 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.