Piezo Buzzer Components Market Size, Share, Growth, And Industry Analysis By Type (Active Piezo Buzzer and Passive Piezo Buzzer) By Application (Automotive Electronics, Home Appliances, Alarm, Toy, Timer, and Other), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Piezo Buzzer Components Market Report Overview

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global piezo buzzer components market size was USD  383.4 million in 2022 and market is projected to touch 664.48 Million by 2031, exhibiting a CAGR of 6.3% during the forecast period.

Electronic devices using the piezoelectric effect to produce sound include piezo buzzer components. An electric field interacting with specific materials, such as quartz or ceramic, causes this effect. Alarms, buzzers, and musical instruments frequently employ piezo buzzers in their designs. The need for electronic devices that require sound alerts is increasing, driving the market to expand quickly. There are several varieties of piezo buzzers, including magnetic and self-driven buzzers. The self-driven buzzer utilizes an internal oscillator to make sound, whereas the magnetic buzzer employs a magnetic field.

Surface-mountable piezo buzzers are frequently utilized in compact electronic devices such as mobile phones, tablets, and wearable technology. Because of their endurance and low power consumption, they are becoming increasingly common. Due to their resistance to shock, water, and dust, they are also excellent for use in difficult situations. Due to the rising need for electronic devices that require sound alerts, the piezo buzzer component market is anticipated to expand rapidly over the next several years. Thanks to technological improvements, they are popular for many applications because they are becoming more efficient, cost-effective, and compact.

COVID-19 Impact: The Restrictions On Movement And The Closure Of Manufacturing Units Hindered The Market Growth

The Piezo Buzzer Components Market has also experienced substantial changes due to the COVID-19 epidemic. The market has seen a considerable slowdown in growth due to the pandemic, which has decreased demand for piezo buzzer parts. Movement restrictions and the shutdown of manufacturing facilities have reduced production, while supply chain disruptions have made it challenging to procure raw materials. Nonetheless, the market is anticipated to rebound in the upcoming years thanks to gradually lessening limitations and the restart of activities. Due to its usage in medical equipment like ventilators and pulse oximeters, essential in the fight against COVID-19, piezo buzzer component demand is predicted to rise. The market is positioned to recover and play a significant part in the post-pandemic world as society adjusts to the new normal.

Latest Trends

"The Use Of Ceramic Materials, Which Offer Lower Power Consumption And Higher Sound Pressure Levels, Boosts the Market Expansion"

The development of new technologies and improvements in this industry have recently increased, which has boosted the market. Using ceramic materials with higher sound pressure levels and reduced power consumption is the newest trend in piezo buzzer components. Consumer electronics, healthcare, and the automobile sectors have all been fundamentally altered by this technology. They are gaining popularity as consumers want more effective and efficient goods, particularly in the medical sector, where they are employed in equipment like pacemakers and hearing aids. They have also been seen to shrink in size, making them perfect for use in more compact gadgets. With continued research and development concentrating on making them even more effective and affordable, the future of piezo buzzer components is bright.

Piezo Buzzer Components Market Segmentation

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• By Type Analysis

The piezo buzzer components market can be segmented into active piezo buzzer and passive piezo buzzer. Among these, the active piezo buzzer is projected to experience rapid growth through 2031.

• By Application Analysis

The market can be divided based on application into automotive electronics, home appliances, alarm, toy, timer, and other. The automotive electronics is expected to hold the most significant piezo buzzer components market share in the upcoming years.

Driving Factors

"Advancement In Technology Propels the Market Expansion"

The market for piezo buzzer components is expanding and changing astonishingly. The requirement for aural feedback and the rising demand for electronic devices have contributed to a large increase in the market in recent years. The expansion of applications for Piezo Buzzer Components, technical improvements, increased disposable income, and other important aspects have all fueled this rise. The development of technology is one of the key factors propelling the market. Manufacturers may now provide Piezo Buzzer Components that are more dependable, effective, and economical thanks to modern technology. As a result, these components are now being used more often in various applications, from consumer electronics to medical equipment.

"The Rise In Disposable Income Fuels the Market Growth"

The rise in disposable income is another important aspect influencing the market's expansion. Consumers are increasingly inclined to spend their rising purchasing power on cutting-edge electronics that need Piezo Buzzer Components. Due to this, demand for these components has increased significantly, particularly in emerging economies. Moreover, the market expansion is also fueled by the rising applications of piezo buzzer components across several industries, including aerospace, automotive, and healthcare. These components are currently used in various applications, including alarms, sound systems, and warning signals. In conclusion, the market is expanding quickly, and numerous important driving forces are behind this expansion. Growing disposable income, developed applications, and technological developments are key market expansion drivers. The market is anticipated to expand significantly over the next few years as demand for electronic gadgets increases.

Restraining Factors

"The High Cost And Lack Of Awareness Hinder the Market Growth"

The market is fiercely competitive and developing quickly. Even if the industry is expanding quickly, several restraints still affect it. One of the main causes is that end consumers are not aware of the pros and advantages of Piezo Buzzer Components. Customers still frequently choose less expensive and ineffective substitutes because they are ignorant of the better performance and longevity of Piezo Buzzer Components. The high price of these components is another issue limiting the market's growth. Piezo buzzer components cost more than others since they're created with cutting-edge materials and technology. This limits the market's potential for expansion while making it challenging for producers to attain significant sales volumes.

Piezo Buzzer Components Market Regional Insights

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"North America to Dominate Market Due to The Technology Advancements"

Between 2022 and 2031, the piezo buzzer components market will be dominated by U.S. Factors driving the market growth in this region include technology advancements.

Additionally, the market is anticipated to experience the fastest growth in European and Asian countries (India, China, Japan, and South East Asia). The rise in disposable income fuel market expansion.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Murata (Japan)
• TDK (Japan)
• Kingstate Electronics (Taiwan)
• Db Products Limited (Hong Kong)
• Cui Inc. (U.S.)
• Sonitron (India)
• Huayu Electronics (China)
• Hunston Electronics (China)
• Ariose (India)
• Hitpoint (U.S.)
• Kepo Electronics (China)
• Soberton (U.S.)
• Kingwei Electronic Co., LTD (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.