Global demand for piezoelectric sensors was valued at US$ 2.3 billion in 2022, and is expected to reach US$ 2.42 billion in 2023. The market is anticipated to grow at a CAGR of 7% to reach a valuation of US$ 4.8 Billion by 2033.
The advancement of better control systems, IoT developments, and technological advancements are contributing to the growth of the market for piezoelectric sensor market. With Industry 4.0, sensors and resonators are being developed in order to enable machine monitoring, maintenance predictions, and digital twin creation.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | US$ 2.3 billion |
| Expected Market Value (2023) | US$ 2.42 billion |
| Anticipated Forecast Value (2033) | US$ 4.8 billion |
| Projected Growth Rate (2023 to 2033) | 7% CAGR |
The piezoelectric sensor is a device that converts mechanical stress or pressure into electrical signals in response to those stresses or pressures. Due to their high sensitivity, accuracy, and durability, they are used widely in the automobile, aerospace, healthcare, and consumer electronics industries.
Piezoelectric sensors market growth is supported by:
A wide range of factors drives the growth of the Asia Pacific piezoelectric sensor market, including increased demand for automobiles, population growth, and advancements in aerospace engineering.
Due to the growing demand for consumer electronics and automotive applications in countries such as China, Japan, and India, the Asia-Pacific region is expected to have the highest growth rate for piezoelectric sensors. As healthcare and aerospace industries use piezoelectric sensors more frequently, the region and North America are expected to see significant growth.
Piezoelectric sensors can be used for a variety of applications. In the automotive industry, piezoelectric sensors are used to detect collisions and deploy airbags in the event of an accident. As part of engine monitoring systems, they can also measure vibration and detect potential problems in the automotive industry.
Sensors that use piezoelectric properties are often used in the healthcare industry to monitor a patient's heart rate, blood pressure, and other vital signs. Using these sensors, devices designed for the use of prosthetics can detect muscle movements and electronically control the movement of the prosthetic device.
In the aerospace industry, sensors that measure strain and stress in aircraft, like wings and fuselages, can be used. Additionally, they can be used to monitor combustion processes in rocket engines. Mechanic sensors with piezoelectric properties can be used in touch screens to detect finger or stylus pressure. Vibration sensors can be found in several handheld devices, including mobile phones and gaming controllers.
World Health Organization data indicates that approximately 430 Billion people globally suffer from cochlear damage that can be corrected with cochlear implants. According to a study published in Matter by Prof. Song Yanlin and Associates Prof. Li Lihong from the Chinese Academy of Sciences' Institute of Chemistry has created a piezoelectric acoustic device inspired by the outer ear hair cells of a human. In this study, they developed a novel approach to developing lead-free molybdate niobate piezoelectric materials with morphotropic phase boundaries for highly efficient and flexible piezoelectric acoustics sensors.
A number of major manufacturers are developing advanced sensors to gain a competitive edge in the market. Some of these companies include Morgan Advanced Materials, Piezomechanik GmbH, APC International Ltd., Us Eurotek, Inc., Piezosystem Ceramtec GmbH, Exelis, Inc., Honeywell International Inc., and others. Innovating and using piezoelectricity continues to be a focus of these companies, which have contributed significantly to the sensor market.
For instance, London-based Spectris has acquired Dytran Instruments for $82 Billion (£66 Billion, €82 Billion), merging it with Hottinger Brüel & Kjær (HBK). Sensors manufactured by Dytran are used in space exploration, aerospace, industrial, and automotive applications. Combining HBK's US aerospace and space businesses will strengthen HBK's position in these industries, and Dytran's revenue will be enhanced through HBK's global distribution network.
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Piezoelectric sensors are the sensors capable of measuring temperature variations or pressure changes and also deviation in forces by taking advantage of mechanism of piezoelectric effect. Different materials used for segmentation of piezoelectric sensors are Piezoelectric Polymer, Piezoelectric Composites, Piezoelectric Ceramics, and Piezoelectric Crystals.
PZT sensors are manufactured & designed to meet most commercial specifications and these sensors are used to measure the mechanical deformation or the generated electric charge. PZT sensors can apply maximum pressure of thousand psi and the voltage measurement can range up to five volts.
These piezoelectric sensors include an extensive range of linearity over the dynamic range, ability to work independently of external power, low output noise, frequency, and ability to integrate acceleration signals to provide displacement and velocity. These unique features of PZT sensors are fueling the demand and hence fetching the growth of global piezoelectric sensors market.
Global PZT sensors market is rising due to the wide array of applications of piezoelectric accelerometers (type of PZT sensors) in vehicle stability control, measuring aftershocks and earthquakes, airbag operations in cars, image stabilization in camcorders, depth of CPR chest compression, advanced gaming experience like PlayStation 3, and others.
Recent modifications of the governments of many countries in automotive safety standards made it mandatory for all the passenger vehicles to be equipped with vehicle stability control systems. The vehicles manufactured for sale in the U.S. need to include the stability control system compulsorily.
Accuracy and reliability of PZT sensors is a critical component for any stability control system. The automobile industry in the United States is highly developed and hence is significantly boosting the growth of piezoelectric sensors market in the globally.
The comprehensive range of applications of PZT sensors in the aviation and aerospace industry is propelling growth of the market. The variety of features like temperature stability, ruggedness, frequency response, adaptability, and various electrical characteristics enables the aerospace industry to utilize the PZT sensors for diverse functional needs.
The typical applications of PZT sensors in aerospace industry comprise of shock tube instrumentation, wind tunnel testing, and modal testing. The piezoelectric sensors are also used in ejection systems, landing gear hydraulics as well as rocketry among others.
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Examples of some of the market participants in the global piezoelectric sensors market identified across the value chain include
Following are some key developments and strategies in the global piezoelectric sensors market:
North America is holds dominant share of the global piezoelectric sensor market, owing to the presence of key players in this region. Moreover, piezoelectric sensor market in Europe is anticipated to grow at significant rate owing to the increasing demand for electronic gadgets and premium automobile in this region.
There is an increase in demand of piezoelectric sensors in Asia Pacific and Middle East and Africa region, owing to the increasing requirement for continuous monitoring and measuring in different industries.
The piezoelectric sensors market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.
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The piezoelectric sensors market can be segmented on the basis of type, application and region.
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Piezoelectric Sensors Market
