Piezoelectric Materials Market is predicted to reach USD 2.287 billion at a CAGR of 4.80% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Piezoelectric Materials Market”.

The piezoelectric materials market is estimated to register a CAGR of 4.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global piezoelectric materials market - PI Ceramic GMBH; APC International, Ltd.; Harris Corporation; CTS Corporation; Peizosystem Jena GmbH; CeramTec; Sparkler Ceramics; Noliac A/S; Piezomechanik Dr. Lutz Pickelmann GmbH; Mad City Labs, Inc.

Market Highlights

The global piezoelectric materials market is accounted to register a CAGR of 4.80% during the forecast period and is estimated to reach USD 2.287 billion by 2032.

The need for a variety of consumer products, including buzzers, electric toothbrushes, humidifiers, sensors, flame igniters, and others, is fueling the expansion of the worldwide piezoelectric materials industry. Medical practitioners also employ them in their medical instruments to execute and monitor surgery. Additionally, these find use in stethoscopes, ultrasound, pulse monitoring, sleep study monitoring, and other medical-related applications. The market expansion for piezoelectric materials may be attributed to several factors collectively. Moreover, the consistency of the findings that piezoelectric materials provide is impacted when they are exposed to extreme conditions like high temperatures and high stress. These elements could limit the use of piezoelectric materials in extremely precise machinery across a range of end-use industries, which would impede market expansion.

Segment Analysis

The global piezoelectric materials market has been segmented into application, end-use, and product.

On the basis of application, the market is segmented into Actuators, Sensors, Motors, Acoustic devices, Generators, SONAR, Transducers, and Others. The actuators segment was attributed to holding the largest market share in 2022. The need for piezoelectric materials-based actuators, which produce motion by converting energy and signals passing through the system, has increased due to the growing trend of industrial automation. This might serve as one of the main factors propelling the piezoelectric actuator market's expansion.

Based on end-use, the global piezoelectric materials market has been segmented into Automotive, Healthcare, Information & Telecom, Consumer Goods, Aerospace & Defense, and Others. The automotive segment was expected to hold the largest market share in 2022 because these materials are needed for the car's actuators, fuel injectors, sensors, and brake systems. Additionally, these materials are used in a number of important automotive components, such as airbag sensors, tire pressure sensors, gasoline atomizers, and seat belt buzzers, which contributes to the automotive sector's significant market share worldwide.

Based on product, the global piezoelectric materials market has been segmented into Ceramics, Polymers, and Composites. The ceramics segment was expected to hold the largest market share in 2022. The main market trend in the global market is the use of piezoelectric ceramics in applications including ultrasonic welding, ultrasonic power transducers, and watches, among others. Furthermore, the growing demand for consumer goods has resulted in a notable expansion of the industrial manufacturing sector, as piezoelectric ceramics are utilized in the production of ultrasonic, detecting, and other industrial devices.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Piezoelectric Materials Market Research Report

Regional Analysis

The global piezoelectric materials market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe piezoelectric materials market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The piezoelectric materials market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World piezoelectric materials market comprises of Middle East, Africa, and Latin America.

The largest market share for piezoelectric materials was maintained by the North American regional sector. Important market participants and technological developments are heavily concentrated in North America. North America is the world's leading producer of piezoelectric devices, in part because of its large number of well-known producers. These businesses have a strong foundation in research and development, which helps them to innovate and bring new goods to market, thereby enhancing their competitive advantage.

Moreover, the Europe market has been persistently growing over the forecast period because there are established sectors and a high rate of adoption of cutting-edge technologies. Growth in the piezoelectric materials market is being driven by increased spending in research & development in these regions.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period primarily. The Asia-Pacific piezoelectric materials market is performing well due to the growth of the automotive, healthcare, and other industries. The fast expansion of China's industrial sector has improved the performance of the piezoelectric materials used to make a variety of industrial equipment, including motors, generators, motion sensors, and others.

Furthermore, the rest of the world's piezoelectric materials market is divided into the Middle East, Africa, and Latin America. The markets for piezoelectric materials are anticipated to increase somewhat in Latin America and the Middle East and Africa. The drivers driving the market expansion in these regions include investments in renewable energy projects, the development of infrastructure, and the growing healthcare sector.

Key Findings of the Study

• The global piezoelectric materials market is expected to reach USD 2.287 billion by 2032, at a CAGR of 4.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market as a result of the expansion of the healthcare, automobile, and other industries.


• Based on product, the ceramics segment was attributed to holding the largest market in 2022, with an approximate market share of 55%.


• PI Ceramic GMBH; APC International, Ltd.; Harris Corporation; CTS Corporation; Peizosystem Jena GmbH; CeramTec; Sparkler Ceramics; Noliac A/S; Piezomechanik Dr. Lutz Pickelmann GmbH; Mad City Labs, Inc.