Piezo Ceramic Market Size, Share, Growth and Industry Analysis, By Type (Lead Zinc Titanates (PZT), Lead Titanate (PT) and Lead Magnesium Niobate (PMN)), By Application (Industrial & Manufacturing, Automotive, Information & Telecommunication, Medical Devices and Others), Regional Insights, and Forecast To 2031

Piezo Ceramic Market Report Overview

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The global piezo ceramic market size was USD 9195 million in 2021 and is projected to touch USD 13398.27 million by 2031, exhibiting a CAGR of 3.8% during the forecast period.

Using piezo ceramics, mechanical factors like pressure, velocity, and acceleration can be converted into electrical parameters, or vice versa, to produce mechanical vibration or movement. A common foundation for piezoelectricity is the capacity of some crystals to produce an electric current when dynamically stressed with pressure or strain. Direct piezo effect is what is meant by this. Ferrites-group ceramics function well as electrical conductors. There is hardly any electrical resistance in them. Ceramic matrix composites, which are created by enclosing fibers in a firming substance known as ceramic matrix, are not fragile. These are a few of the most popular piezo ceramic materials, particularly in telephony, electronics, and information technology.

COVID-19 Impact: Demand for Piezo from the Healthcare Industry Helped Balance Out the Limitations Experienced by the Mining Industry

The global COVID-19 pandemic has been unprecedented and staggering; with the piezo ceramic market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The manufacturers of piezoelectric materials have been significantly impacted by COVID-19. The input materials availability was impacted because the mining industry was subject to tight limitations that were imposed by important nations. Electronic thermometers, automated ventilators, pyrometers, and oximeters saw a jump in demand during COVID-19. In order to convert one type of energy to another, these devices used piezo materials, which is why there was a shortage of such components during the emergency. To match the expanding requirement from the healthcare business, market players also made changes to their manufacturing facilities. In order to research the coronavirus and its characteristics, they also created unique devices in collaboration with suppliers of medical electronics.

LATEST TRENDS

"Advantages Offered by the Piezo Lighter Make it User-Friendly and Offer Longer Lifespan"

The piezo lighter is the newest trend in piezo ceramic products. This innovative electronic lighter style is utilized with gas ranges. The lighter's piezo ceramic can create high voltage just by hitting the ignition button, igniting the gas with electric sparks. In addition to being user-friendly, secure, and dependable, piezo lighters also have a long lifespan.

Piezo Ceramic Market Segmentation

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• By Type

Based on type, the market is distributed into Lead zinc titanates (PZT), Lead titanate (PT) and Lead magnesium niobate (PMN)

• By Application

Based on application, the market is divided into Industrial &Manufacturing, Automotive, Information & Telecommunication, Medical Devices and Others

DRIVING FACTORS

"Growing Reliance of Businesses on Automation has Promoted Market Expansion"

Automobile and electronic manufacturing are two end-use industries that have advocated for automation in their production processes. The need for equipment like transducers, sensors, motors, and actuators to keep the manufacturing line running smoothly has expanded as a result of this pressure. The market for these elements is expected to increase significantly with the rising reliance of businesses on automation since these devices utilize qualities supplied by the piezo materials to monitor different quantities including velocity, strain, pressure, and sound intensity.

"Utilization in Telecommunication Devices for their Responsiveness and Wavelength Range "

Piezo couplers, an electronic component that transforms electrical signals into mechanical vibrations or vice versa, are made of piezo ceramic and are utilized in information and telecommunication. In order to create their microphones, they are employed in communication devices like tablets, mobile phones, and laptops. For listening to audio on these gadgets, they also function as speakers. Their great responsiveness and wavelength range make them suitable for use in cellular phones.

RESTRAINING FACTORS

"Inability to Distinguish Between Signals and Vibrations Leads to Decrease in the Utilization of this Material"

While piezo ceramic materials are widely used in detecting and power conversion systems, common materials like PZT and natural piezo crystals are incapable of distinguish among actual signals and vibration present in the system, which may lead to an inaccurate result and impair the performance of the device where the piezo ceramic is used. Additionally, the uniformity of the results produced by the material is severely harmed when exposed to hostile settings like high temperature and intense stress, further limiting its use in such circumstances. Consequently, this issue has an impact on the piezo ceramic market growth.

Piezo Ceramic Market Regional Insights

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"Asia Pacific to Lead the Market as the Governments in this Region are Offering Incentives and Tax Breaks"

Asia-Pacific is becoming a major producer of consumer goods and electronics, with countries like Japan, China, Taiwan, South Korea, and India putting a lot of effort into increasing their production capacity. Following the slowdown brought on by COVID-19, governments in Asia-Pacific nations are offering tax breaks and incentives to electronics firms setting up newer production facilities in the region. This will increase the piezo ceramic market share throughout the forecast period.

KEY INDUSTRY PLAYERS

"Acquisition of Smaller Businesses and Investment of Resources in R&D are Methods Adopted by Players to Diversify their Services"

This industry's competitive landscape shows a moderately consolidated market with a small number of manufacturing businesses holding the majority of market share. In order to increase their market share, major industry players are devoting a lot of resources to the study, creation, and use of novel materials. In order to diversify their providing portfolio and services, major market players have also followed the strategy of capacity growth and acquisition of smaller businesses. During the forecast period, this trend is anticipated to have a favorable effect on the worldwide piezo ceramic market.

LIST OF TOP PIEZO CERAMIC COMPANIES

• MURATA (Japan)
• TDK (Japan)
• MORGAN (U.S.)
• Kong Hong (China)
• TAIYO YUDEN (Japan)
• KYOCERA (Japan)
• CeramTec (Germany)
• Exelis (U.S.)
• Noliac (Denmark)
• TRS (U.S.)
• KEPO Electronics (China)
• APC International (U.S.)
• Smart Material (U.S.)
• Jiakang Electronics (China)
• SensorTech (U.S.)

REPORT COVERAGE

This report covers the piezo ceramic market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.