Piezoelectric Ceramics Market

Piezoelectric Ceramics Market Outlook (2023 to 2033)

The global piezoelectric ceramics market size is poised to gain substantial growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is projected to surpass a valuation of USD 3.1 billion in 2023.

It is predicted to attain a valuation of USD 5.8 billion by 2033. The market is foreseen to thrive at a CAGR of 6.5% from 2023 to 2033.

Rising healthcare applications, technological developments, energy harvesting projects, and industrial applications are all predicted to drive market expansion during the forecast period.

Attributes	Details
Piezoelectric Ceramics Market Share (2022)	USD 2.9 billion
Piezoelectric Ceramics Market Share (2023)	USD 3.1 billion
Piezoelectric Ceramics Market Share (2033)	USD 5.8 billion
Piezoelectric Ceramics Market Share (2023 to 2033)	6.5%

Key Factors Boosting the Piezoelectric Ceramics Industry:

• Broadening application range is predicted to provide ample growth and diversification avenues in the coming years.
• Technological improvements in manufacturing processes, piezoelectric ceramic materials, and integration techniques are expected to enhance the innovation potential of the market, thereby fostering growth in the market.
• Rising emphasis on energy harvesting and surging inclination towards renewable energy sources drives market growth significantly.
• Burgeoning demand for energy-efficient solutions further propels market growth.

Challenges in the Piezoelectric Ceramics Industry:

• High cost of these materials may limit their widespread adoption, which may impede market growth.
• Piezoelectric ceramics are subject to quite a few confinements, including brittleness, temperature sensitivity, and a confined frequency range. These restrictions may hinder their adoption in some demanding applications and have an impact on their performance, and this might hinder market expansion.
• Alternative technologies like MEMS (Micro-Electro-Mechanical Systems) and other sensing technologies contend with piezoelectric ceramics. These alternatives might have benefits like smaller size, lower cost, or other performance characteristics, which may be a challenge to the market for piezoelectric ceramics.

Opportunities in the Piezoelectric Ceramics Industry:

• Increasing miniaturization trend across various end-use industries is likely to create lucrative growth avenues.
• The proliferation of the Internet of Things (IoT) and smart devices presents several growth opportunities for the industry. In IoT applications, these ceramics are used in sensors, actuators, and energy-harvesting devices. The demand for piezoelectric ceramics in smart home systems, industrial automation, medical devices, and other IoT-related areas is anticipated to rise as the IoT ecosystem develops.
• For piezoelectric ceramics, the healthcare industry has substantial growth prospects. High-performance sensors and transducers are needed for improvements in medical imaging, diagnostic, and surgical equipment, and piezoelectric ceramics are ideally suited for these applications. The market's expansion in the healthcare industry is being driven by the rising need for accurate, effective, and small medical equipment.

Piezoelectric Ceramics Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

The global piezoelectric ceramics industry size developed at a CAGR of 7.2% from 2018 to 2022. In 2018, the global market size stood at USD 2 billion. In the following years, the market witnessed remarkable growth, accounting for USD 2.9 billion in 2022.

Electronic equipment including sensors, actuators, transducers, and acoustic instruments frequently employ piezoelectric ceramics. The market for piezoelectric ceramics is expanding as a result of the rising demand for these devices across several sectors, including consumer electronics, automotive, healthcare, and industrial sectors.

Innovative uses for piezoelectric ceramics have emerged as a result of technological breakthroughs. Piezoelectric ceramics, for instance, are being employed in energy harvesting to turn mechanical vibrations into electrical energy. Piezoelectric ceramics' prospective applications are growing due to these technological advances, which are propelling the market's expansion.

Historical CAGR (2018 to 2022)	7.2%
Forecasted CAGR (2023 to 2033)	6.5%

Category-wise Insights

What is the Top Application of Piezoelectric Ceramics?

According to Future Market Insights (FMI), the capacitors segment is anticipated to dominate as the top application during the forecast period. The capacitors segment is projected to thrive at a CAGR of 6.4% from 2023 to 2033.

Due to their high dielectric constant, piezoelectric ceramics are capable of holding a substantial amount of electrical charge per unit volume. Because of this property, they work well as capacitors in a variety of electronic circuits to store and release electrical energy. Piezoelectric ceramics are renowned for their robustness and stability during use. These ceramics-based capacitors have remarkable performance qualities, such as low leakage current and good insulating resistance, guaranteeing dependable operation for an extended period. These factors proliferate the application of piezoelectric ceramics in capacitors, which promotes market growth.

What is the Top Type of Piezoelectric Ceramics?

According to Future Market Insights (FMI), the Lead Zirconate Titanante (PZT) segment is predicted to emerge as the top type during the forecast period. The Lead Zirconate Titanante (PZT) segment is expected to thrive at a CAGR of 6.2% from 2023 to 2033.

PZT ceramics operate across a wide frequency range, making them suitable for several applications. They are excellent for applications ranging from high-frequency sensors and actuators to ultrasonic devices since they can operate at both low and high frequencies. PZT ceramics provide flexibility in composition and personalization. The characteristics of PZT ceramics may be adjusted to match particular application needs by modifying the composition and production parameters. Because of their adaptability, they may be used in a variety of sectors, which eventually promotes market growth.

Country-wise Insights

What is the Growth Outlook for the United States?

According to FMI, the United States market for piezoelectric ceramics is predicted to expand at a 6.4% CAGR from 2023 to 2033, creating an absolute dollar growth worth USD 499.4 million during the forecast period.

Consumer, automotive, and industrial electronics are all produced in large quantities in the United States. Piezoelectric ceramics are crucial parts of many electronic devices, including transducers, actuators, sensors, and acoustic equipment. The piezoelectric ceramics market is developing in the United States as a result of the rising demand for these components in the electronics sector.

How is Japan Contributing to the Market’s Expansion?

As per FMI, the market in Japan for piezoelectric ceramics is anticipated to flourish at a CAGR of 6.4% from 2023 to 2033. Technology innovation and progress are highly valued in Japan. Piezoelectric ceramics have made great strides due to the nation's extensive experience in materials research and engineering.

To expand the piezoelectric ceramics industry, Japanese businesses, and research organizations have significantly contributed to the creation of novel materials, production techniques, and applications.

Japan is also renowned for being a pioneer in the development of IoT technology and miniaturization.

In IoT applications, miniature electrical devices and sensors rely heavily on piezoelectric ceramics. The market for piezoelectric ceramics is growing as a result of Japan's rising need for small, effective electronic components.

How are Sales in South Korea Faring?

According to FMI, the South Korea market for piezoelectric ceramics is projected to thrive at a 6.2% CAGR from 2023 to 2033. With leading suppliers and manufacturers, South Korea boasts a booming automotive sector. Automotive applications that use piezoelectric ceramics include fuel injection systems, tire pressure monitors, engine knock sensors, and automotive sensors.

The piezoelectric ceramics industry is developing in South Korea as a result of the country's emphasis on environmental sustainability, modern automotive technology, and fuel efficiency.

According to Future Market Insights, country-wise market estimates are listed below:

Country	Forecasted CAGR (2023 to 2033)
United States	6.4%
United Kingdom	6.2%
China	6.4%
Japan	6.4%
South Korea	6.2%

Competitive Landscape

Several prominent businesses operating on a global and regional scale make up the competitive landscape of the piezoelectric ceramics market. These businesses compete based on elements including their product portfolios, technical developments, manufacturing prowess, clientele, and geographic reach. Smaller businesses that focus on specialized applications exist despite the market being somewhat concentrated and dominated by just a handful of bigger players.

Key Players in the Global Market

• PI Ceramics GmbH
• APC International Ltd.
• CTS Corporation
• L3Harrris Technologies Inc.
• CeramTec
• Arkema
• Solvay
• Mad City Labs Inc.
• Piezosystem Jena GmbH
• Sparkler Ceramics
• Piezomechanik GmbH
• TDK Corporation
• Murata Manufacturing Co. Ltd.
• Kinetic Ceramics
• Hong Kong Piezo Co. Ltd.
• Mide Technology
• Meggit PLC
• Johnson Matthey
• Piezo Kinetics Inc.
• TRS Technologies Inc.

Scope of the Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD Billion for Value
Key Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA)
Key Countries Covered	United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others
Key Segments Covered	Type, Application, Region
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
  • 5.1. Capacitors
  • 5.2. Data Storage Devices
  • 5.3. Optoelectronic Devices
  • 5.4. Actuators & Sensors
  • 5.5. Others
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
  • 6.1. Lead Zirconate Titanate (PZT)
  • 6.2. Barium Titanate (BT)
  • 6.3. Strontium Titanate (ST)
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 7.1. North America
  • 7.2. Latin America
  • 7.3. Western Europe
  • 7.4. Eastern Europe
  • 7.5. South Asia and Pacific
  • 7.6. East Asia
  • 7.7. Middle East and Africa
• 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 15. Key Countries Market Analysis
• 16. Market Structure Analysis
• 17. Competition Analysis
  • 17.1. Aerotech, Inc.
  • 17.2. APC International, Ltd.
  • 17.3. CeramTec GmbH
  • 17.4. CTS Corporation
  • 17.5. Kistler Group
  • 17.6. L3Harris Technologies, Inc.
  • 17.7. Mad City Labs, Inc.
  • 17.8. Physik Instrumente (PI) GmbH & Co. KG
  • 17.9. Piezo Technologies
  • 17.10. Piezosystem Jena GmbH
• 18. Assumptions & Acronyms Used
• 19. Research Methodology