Skip to main content

Piezoelectric Materials Market Analysis, Size, Share, Trends, Demand, Growth, Opportunities and Forecast 2028 | Scarcity of Raw Materials to Restrict Market Growth Amid COVID-19

 The global piezoelectric materials market size is expected to reach USD 1,841.3 Million by 2027, exhibiting a CAGR of 5.0% during the forecast period. The growing development of lead-free piezoelectric materials owing to the strict regulations will subsequently foster the healthy growth of the market, states Fortune Business Insights, in a report, market size stood at USD 1,352.2 Million in 2019.

Market Driver:

High Aerospace & Defense Expenditure to Augment Growth

Various governments of emerging countries such as India, China, the U.S., Israel, and Japan are spending heavily on defense activities owing to growing security concerns. Countries are significantly investing in military devices such as missile guidance systems, drones, and radars to consolidate their armed capabilities, which, in turn, will spur opportunities for the market. Moreover, the growing space exploration activities have resulted in the high utilization of devices such as sensors, acoustic devices, and SONARs for research on space objects and related environments. Piezoelectric materials play an important role in these devices because of their ability to detect the slightest of change in their range, sustain in harsh conditions, and provide accurate & consistent results. In addition, the surging space exploration activities by private space agencies such as SpaceX can have a tremendous impact on the market in the forthcoming years.

Request a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/piezoelectric-materials-market-102938

Scarcity of Raw Materials to Restrict Market Growth Amid COVID-19

Covid-19 has critically impacted the value chain of piezoelectric materials manufacturers. The lockdown restrictions announced by key countries including China, India, and Brazil have resulted in the closure of production processes. The scarcity of raw materials and restricted operations has dwindled the expansion of the market during coronavirus. Nevertheless, the high demand for equipment such as pyrometer, oximeter, automated ventilators, and electronic thermometers can have an excellent effect on the global market in the time of the pandemic.  These devices utilize piezo materials to convert one form of energy into another. In addition, the ongoing research and development for the introduction of novel products to study coronavirus and its traits will boost the market. For instance, PI Ceramics developed piezoceramics that allow precise liquid handling for in-vitro diagnostics in early diagnosis and detection of disease.

Report Aim & Scope:

  • An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
  • The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
  • The various parameters accelerating the growth of the market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the market during the forecast period. 

Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/piezoelectric-materials-market-102938 

Regional Analysis:

Surging Production Capacities to Aid Expansion in Asia Pacific

The market in Asia Pacific is expected to hold the largest share in the global market during the forecast period owing to the well-established manufacturing hub for electronics and consumer goods in China, Japan, Taiwan, India, and South Korea. Moreover, the increasing production capacities of key companies will enable expansion in the region. North America is expected to rise excellently during the forecast period owing to the extensive space exploration programs in the region. Europe is expected to hold a significant share owing to the booming automotive industry in the region.

Key Development:

February 2020: Fukui Murata Manufacturing Co., Ltd., a subsidiary of Murata Manufacturing Co., Ltd. announced the expansion of its existing manufacturing facility with the construction of a new production building in Fukui Prefecture, Japan. 

The Report Lists the Main Companies in the Piezoelectric Materials Market:

  • PI Ceramics GmbH (Germany)
  • APC International, Ltd. (U.S.)
  • CTS Corporation (U.S.)
  • L3Harris Technologies, Inc. (U.S.)
  • CeramTec (Germany)
  • Arkema (France)
  • Solvay (Belgium)
  • Mad City Labs, Inc. (U.S.)
  • Piezosystem jena GmbH (Germany)
  • Sparkler Ceramics (India)
  • Piezomechanik GmbH (Germany)
  • TDK Corporation (Japan)
  • Murata Manufacturing Co., Ltd. (Japan)
  • Kinetic Ceramics (U.S.)
  • Hong Kong Piezo Co. Ltd. (China)
  • Mide Technology (U.S.)
  • Meggit PLC (UK)
  • Johnson Matthey (UK)
  • Piezo Kinetics Inc. (U.S.)
  • TRS Technologies, Inc. (U.S.)
  • Other Key Players.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/piezoelectric-materials-market-102938 

Comments

Popular posts from this blog

UK Steel Cord Market by assessing the market chain, current policies, and regulations, as well as manufacturers

  In a recently published report by Fortune Business Insights™, titled, "UK Steel   Cord   Market Report 2022", the analysts have provided an in-depth overview of the   UK Steel   Cord   Market. The report is an all-inclusive research study of the   UK Steel   Cord   market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario. Request a Sample PDF Report:-   https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/105422 This research contains in-depth information on emerging trends, market drivers, development opportunities, and ...

Point-of-Use Water Treatment Systems Market Size, Development, Key Opportunity, Application and Forecast to 2028 | Rising Prevalence of Malaria, Typhoid, and Chlorella to Augment Growth

  The global point of use water treatment systems market is set to gain impetus from the rising development of smart water purification systems featuring the Internet of Things. In December 2019, for instance, Kent RO introduced a novel purifier infused with the ‘zero water wastage technology.’ It would help to the residue and recycle water in such a way that not even a single drop will be wasted. This information is given by  Fortune Business Insights™  in a new report, titled, “ Point of Use Water Treatment Systems Market, 2021-2028 .” As per the report, the market size was  USD 18.52 billion  in 2020 and is projected to reach  USD 34.03 billion  by 2028, exhibiting a CAGR of  8.1%  during the forecast period. Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/point-of-use-water-treatment-systems-market-102814 COVID-19 Pandemic: Slight Economic Impact Backed by Operation of Essential Servic...

Geosynthetics Market Growth Analysis, Business Prospects, Trends, Segmentation, Business Opportunities by 2026

  The global geosynthetics market is set to gain traction from the increasing usage of sustainable building materials. Geosystems reduce the usage of natural materials, such as aggregates and sand, thereby simplifying construction activities. In a typical cross-section, for instance, the depth of aggregate layer can be cut off so that less mining is needed for the construction of roads. The above information is published by  Fortune Business Insights™  in a recent report, titled, “ Geosynthetics Market Size, Share and Industry Analysis, By Product (Geotextile Geogrid, Geonets, Geocells, Geofoam, Geosynthetic Clay Liner, Geocomposites), By Application and Regional Forecast 2019-2026 .” As per the report, the geosynthetics market size stood at  USD 27.16 billion  in 2018. It is set to reach  USD 45.25 billion  by 2026, exhibiting a CAGR of 6.6% during the forecast period. Get Sample PDF Brochure:- https://www.fortunebusinessinsights.com/enquiry/request-s...