Piezoelectric Devices Market Size, Share, Trends, Industry Analysis Report: By Product (Piezoelectric Sensors, Piezoelectric Actuators, Piezoelectric Motors, Piezoelectric Generators, Piezoelectric Transducers, and Others), Material, Application, Element, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
- Published Date:Dec-2024
- Pages: 128
- Format: PDF
- Report ID: PM2744
- Base Year: 2024
- Historical Data: 2020-2023
Piezoelectric Devices Market Overview
The piezoelectric devices market size was valued at USD 34.14 billion in 2024. The market is projected to grow from USD 36.03 billion in 2025 to USD 61.66 billion by 2034, exhibiting a CAGR of 6.2% during 2025–2034.
The piezoelectric devices market focuses on devices that utilize the piezoelectric effect to generate, control, or convert mechanical energy into electrical energy and vice versa. These devices find applications across various industries such as consumer electronics, automotive, and healthcare due to their precision, reliability, and energy efficiency. The piezoelectric devices market expansion is driven by the increasing demand for precision and miniaturization in the consumer electronics industry. Devices such as smartphones, wearables, and other compact electronics become smaller, faster, and more energy-efficient. Thus, the demand for piezoelectric components such as actuators, sensors, and motors continues to rise. Furthermore, owing to the ongoing trend of shrinking electronics and the integration of advanced features, the demand for piezoelectric solutions is expected to grow as they remain critical for delivering high precision in limited spaces.
The growing piezoelectric devices market demand is attributed to the rising adoption of advanced medical technologies and diagnostics. Healthcare applications, especially in diagnostic and therapeutic devices, are contributing to market growth by increasing demand for high-accuracy and noninvasive monitoring solutions. Moreover, the growing demand for renewable energy and energy harvesting technologies is driving the requirement for piezoelectric devices. Piezoelectric generators are contributing to market growth by offering efficient solutions for converting mechanical energy from ambient sources into usable electrical power. This shift toward sustainable energy solutions is propelling the piezoelectric devices market growth.
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Piezoelectric Devices Market Trend Analysis
Expansion of Electric Vehicles (EVs) and Advanced Automotive Systems
The piezoelectric devices market is experiencing significant demand from the automotive sector, driven by the industry's rising focus on electric vehicles (EVs), emissions reduction, and fuel efficiency. For instance, the US Energy Information Administration (EIA) reported that the EV market surpassed 14 million sales in 2023, increasing its market share to 18% from 4% in 2020. In Q1 2024, EV sales exceeded 3 million units, reflecting a 25% year-over-year growth. Piezoelectric actuators and sensors help enhance EV performance and support critical applications such as fuel injection systems, knock sensors, and advanced driver-assistance systems (ADAS). Their precise control and durability are essential for improving vehicle efficiency and monitoring. With stricter emissions standards and a global push for greener transportation, the requirement for piezoelectric devices in the automotive industry is expected to rise in the coming years. Therefore, the rising adoption of EVs and advanced automotive systems is projected to boost the piezoelectric devices market growth during the forecast period.
Growth in Industrial Automation and Smart Manufacturing
Industrial sectors increasingly adopt automation and smart technologies to enhance efficiency, safety, and predictive maintenance. The adoption of piezoelectric sensors and actuators enables precise, real-time feedback for vibration monitoring, quality control, and automated machine operations. Owing to the rising shift toward Industry 4.0 and IoT integration, accurate and responsive performance is essential for high-efficiency processes. With the emerging trends of industrial automation and smart manufacturing, the piezoelectric devices market demand in industrial applications is expected to grow significantly during 2025–2034.
Piezoelectric Devices Market Segment Insights
Piezoelectric Devices Market Assessment by Product Outlook
The global piezoelectric devices market segmentation, based on product, includes piezoelectric sensors, piezoelectric actuators, piezoelectric motors, piezoelectric generators, piezoelectric transducers, and others. In 2024, the piezoelectric sensors segment accounted for the largest market share, with more than 34% of the piezoelectric devices market revenue share. Piezoelectric sensors are essential for high-precision measurements of pressure, force, temperature, and acceleration across various industries. The sensors optimize engine management and enhance knock detection, leading to improved fuel efficiency and lower emissions in automotive applications. They facilitate vibration analysis and stress monitoring, which are critical for predictive maintenance and minimizing equipment failures in industrial automation. The rise of smart manufacturing and strict regulatory standards have increased the demand for reliable sensing technologies, underscoring the importance of piezoelectric sensors in modern industrial operations.
Piezoelectric Devices Market Evaluation by Application Outlook
The global piezoelectric devices market, based on application, is segmented into aerospace & defense, industrial & manufacturing, automotive, healthcare, information & communication, consumer electronics, and others. The aerospace & defense segment is expected to witness the highest CAGR of 6.75% during the forecast period. Piezoelectric sensors monitor aircraft structural integrity, detecting material fatigue and stress to enhance safety and reduce maintenance costs. Piezoelectric actuators provide precision control for systems such as in-flight control surfaces and guidance, ensuring high reliability and responsiveness. Defense applications include sonar systems, missile guidance, and navigation equipment, where accuracy and durability are essential in extreme conditions. Transducers detect and map underwater objects for naval defense, while actuators and motors enable precise control in advanced weaponry and surveillance systems. Evolving military technology and rising demand for enhanced navigation, surveillance, and unmanned systems position piezoelectric devices at the forefront of aerospace and defense innovation.
Piezoelectric Devices Market Regional Analysis
By region, the study provides piezoelectric devices market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2024, Asia Pacific accounted for the largest share, with more than 40% of the piezoelectric devices market revenue due to the presence of the manufacturing and R&D hubs for piezoelectric devices, supported by an extensive electronics and semiconductor industry. According to the Semiconductor Industry Association, the Asia Pacific semiconductor market expanded from USD 39.8 billion in 2001 to over USD 330.94 billion by 2022. China remains the largest market in the region, accounting for 55% of Asia Pacific and 31% of the global market. Countries such as Japan, South Korea, and China are leading in the development and deployment of piezoelectric technologies, especially in consumer electronics and automotive applications. This regional advantage is boosted by government support for technological innovation and infrastructure improvements, making it a focal point for investors seeking to capitalize on high-growth potential and lower production costs. Additionally, as these countries increase their regulatory and manufacturing standards, investments in the Asia Pacific market offer the potential for accelerated growth and access to global export opportunities.
China accounted for the largest piezoelectric devices market share in 2024 due to the country's rapid industrialization, strong manufacturing base, and significant investments in advanced technologies. High demand from key sectors such as consumer electronics, automotive, industrial automation, and healthcare drives the market growth in China.
The North America piezoelectric devices market is expected to witness a significant CAGR of 5.96% during the forecast period. The regional market growth is driven by technological advancements and increasing integration of piezoelectric solutions across diverse industries. Growing demand for precision sensing and actuation in sectors such as aerospace, automotive, and healthcare is accelerating adoption. Innovations in energy harvesting and IoT applications are expanding the use of piezoelectric devices in smart infrastructure and connected systems. Furthermore, government support for clean energy initiatives and defense modernization is fostering a favorable environment for market growth, positioning North America as a key player in the global piezoelectric devices market landscape.
The US is expected to witness significant growth in the market at a CAGR of 5.8% during the forecast period. Substantial investments in defense modernization and smart manufacturing initiatives are further propelling market growth, positioning the US as a major contributor to the global piezoelectric devices market development.
Piezoelectric Devices Market – Key Players and Competitive Analysis
The competitive landscape of the piezoelectric devices market is characterized by the presence of several key players who are focusing on product innovation, strategic partnerships, and expanding their geographic reach to maintain a competitive edge. Leading companies in the market are PI Ceramic, Murata Manufacturing, TDK Corporation, Texas Instruments, Thales Group, and others. These players are investing heavily in research and development to improve the performance and miniaturization of piezoelectric devices, catering to growing demand in sectors such as healthcare, automotive, and industrial automation. Mergers and acquisitions and collaborations are a few common strategies to expand product portfolios and strengthen market positions. Additionally, the increasing demand for smart technologies, energy-efficient solutions, and advanced sensors is intensifying competition among market players, pushing them to innovate and adapt to evolving customer needs.
APC International Ltd.; Cedrat Technologies S.A; Ceram Tec GmbH; Emfit Ltd.; Honeywell International Inc.; Enocean GmbH; Ionix Advanced Technologies; Kinetic Ceramics; Piezocryst Advanced Sensorics GmbH; Morgen Advanced Materials Plc; L3Harris Technologies, Inc.; and Lifemedix, LLC are a few key major players in the market.
L3Harris Technologies, Inc. is a US-based company focusing on detection systems, security, image intensification equipment, night vision intensification equipment, training, simulation, aircraft sustainment, and Intelligence, Surveillance, and Reconnaissance (ISR) systems. The company has a global presence that delivers end-to-end solutions to meet commercial and government customer's critical needs in over 100 countries. L3Harris Technologies designs high-performance piezoelectric ceramics, including PZT, PT, and PMN materials. Their solutions serve both military and commercial sectors, supporting applications in areas such as sonar, acoustics, medical devices, cancer treatment, and energy harvesting. These solutions provide precision and reliability in critical industries.
Honeywell International Inc. is an industrial goods and machinery corporation. The company develops and manufactures technology to address difficulties in a variety of industries, including energy, security, safety, productivity, and global urbanization. Honeywell provides energy-efficient products and solutions; specialized chemicals; process technologies; electrical and advanced materials; productivity, sensing, safety, and security technologies; and spare parts. The company also provides management and technical support, as well as repair, overhaul, and maintenance services. Honeywell services customers in aerospace, refineries and petrochemicals, buildings, and other industries.
Key Companies in Piezoelectric Devices Market
- APC International Ltd.
- Emfit Ltd.
- Honeywell International Inc.
- Cedrat Technologies S.A
- Enocean GmbH
- Ionix Advanced Technologies
- Ceram Tec GmbH
- Kinetic Ceramics
- Piezocryst Advanced Sensorics GmbH
- Morgen Advanced Materials Plc
- L3harris Technologies, Inc,
- Lifemedix, LLC
Piezoelectric Devices Market Developments
In May 2023, Ionix Advanced Technologies received a UK government grant for its 18-month "Next Generation Lead-Free Sensors and Actuators" program, launched on April 1, 2023. The initiative aims to develop eco-friendly piezoelectric materials, strengthening Ionix’s role in sustainable sensor and actuator innovation.
In June 2022, CTS Corporation acquired Ferroperm Piezoceramics from Meggitt PLC to control the technical capability of teams to enhance the product offering and accelerate growth.
In March 2021, Ceram Tec GmbH developed high-power ultrasonic surgery transducers for medical applications, which offer benefits over traditional techniques, including higher precision, increased safety, faster healing, and more comfort for patients.
Piezoelectric Devices Market Segmentation
By Product Outlook (Revenue, USD Billion; 2020–2034)
- Piezoelectric Sensors
- Piezoelectric Actuators
- Stack Actuators
- Strip Actuators
- Shear Actuators
- Tube Actuators
- Piezoelectric Motors
- Piezoelectric Generators
- Piezoelectric Transducers
- Others
By Material Outlook (Revenue, USD Billion; 2020–2034)
- Piezoelectric Crystals
- Piezoelectric Ceramics
- Piezoelectric Polymers
- Piezoelectric Composites
By Application Outlook (Revenue, USD Billion; 2020–2034)
- Aerospace & Defense
- Industrial & Manufacturing
- Automotive
- Healthcare
- Imaging Devices
- Diagnostic Equipment
- Surgical Tools
- Information & Communication
- Consumer Electronics
- Others
By Element Outlook (Revenue, USD Billion; 2020–2034)
- Piezoelectric Discs
- Piezoelectric Rings
- Piezoelectric Plates
By Regional Outlook (Revenue, USD Billion; 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Piezoelectric Devices Market Report Scope
|
Report Attributes |
Details |
|
Market Size Value in 2024 |
USD 34.14 billion |
|
Market Size Value in 2025 |
USD 36.03 billion |
|
Revenue Forecast by 2034 |
USD 61.66 billion |
|
CAGR |
6.2% from 2025 to 2034 |
|
Base Year |
2024 |
|
Historical Data |
2020–2023 |
|
Forecast Period |
2025–2034 |
|
Quantitative Units |
Revenue in USD billion and CAGR from 2025 to 2034 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
|
|
Regional Scope |
|
|
Competitive Landscape |
|
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The market size was valued at USD 34.14 billion in 2024 and is projected to grow to USD 61.66 billion by 2034.
The global market is projected to register a CAGR of 6.2% during the forecast period.
In 2024, Asia Pacific accounted for the largest market share due to the presence of manufacturing and R&D hubs for piezoelectric devices, supported by an extensive electronics and semiconductor industry.
A few key players in the market are APC International Ltd.; Cedrat Technologies S.A; Ceram Tec GmbH; Emfit Ltd.; Honeywell International Inc.; Enocean GmbH; Ionix Advanced Technologies; Kinetic Ceramics; Piezocryst Advanced Sensorics GmbH; Morgen Advanced Materials Plc; L3Harris Technologies, Inc.; and Lifemedix, LLC.
In 2024, the piezoelectric sensors segment accounted for the largest market share. Piezoelectric sensors are essential for high-precision measurements of pressure, force, temperature, and acceleration across various industries.
The aerospace & defense segment is expected to witness the fastest growth during the forecast period. Piezoelectric sensors monitor aircraft structural integrity, detecting material fatigue and stress to enhance safety and reduce maintenance costs.
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