The global piezoelectric devices market size is expected to reach USD 47.92 billion by 2030 according to a new study by Polaris Market Research. The report “Piezoelectric Devices Market Share, Size, Trends, Industry Analysis Report, By Product; By Material; By Application; By Element (Discs, Rings, Plates); By Region Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising demand for piezoelectric devices for faster energy harvesting and the growing demand for modern aerospace & defense applications contribute to the market’s growth.
Piezoelectric generators are used on a large scale in portable consumer electronic devices such as smartwatches, smartphones, and laptops to meet the power requirements of these devices. Furthermore, they find applications in wearables such as activity trackers, fashion accessories, clothes, shoes, and wristbands. The increasing demand for these generators in consumer electronics and medical devices is expected to accelerate the growth of the market in the near future.
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The rising demand for polymer-based piezoelectric sensors and films in aerospace, nuclear instrumentation, and consumer electronics applications is supposed to influence the market’s growth. Piezoelectric actuators are used in the vibration damping mechanism in the aerospace industry. Additionally, lightweight piezoelectric motors are used in the most demanding positioning applications in the aerospace and defense industry. These factors will lead the market demand.
Additionally, the surging deployment of piezoelectric sensors and polymers in healthcare devices and the rising adoption of piezoelectric nanomaterials in electronic devices offer lucrative opportunities over the forecast timeline.
Piezoelectric Devices Market Report Highlights
Polaris Market Research has segmented the piezoelectric devices market report based on product, material, application, element, and regions:
Piezoelectric Devices, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Piezoelectric Devices, Material Outlook (Revenue - USD Billion, 2018 - 2030)
Piezoelectric Devices, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Piezoelectric Devices, Element Outlook (Revenue - USD Billion, 2018 - 2030)
Piezoelectric Devices, Regional Outlook (Revenue - USD Billion, 2018 - 2030)