Piezoelectric Composites Material Market By Material Type (Ceramic, Polymer, Others) , By Application (Actuators, Sensors, Transducers, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
The piezoelectric composites material market was valued at $1.5 billion in 2023 and is projected to reach $2.4 billion by 2033, growing at a CAGR of 4.7% from 2024 to 2033.
Piezoelectric composites are materials that generate electrical charge when subjected to mechanical stress and are formed by combining at least one piezoelectric phase with a non-piezoelectric phase. There are different forms of piezoelectric composite materials such as ceramic-polymer-based, fiber-reinforced, metal-polymer-based, and ceramic-ceramic composite. When combined with polymers, metals, ceramics, or fibers-piezoelectric composites enhance their electrical, mechanical, or thermal properties. They are utilized in different applications, including sensors, energy harvesting, actuators, and medical devices.
Increase in the use of high-performance sensors across different industries is a key driver of the piezoelectric composites material market as these materials are the key components of sensors and actuators owing to their ability to facilitate interconversion among mechanical stress & electrical charge. In addition, rise in popularity of energy harvesting applications to promote sustainability has augmented the development of the market as the electrical charge generated by piezoelectric composites is collected and dissipated into Joule heat. Currently, explorations regarding the formation of piezoelectric composites using biopolymers such as cellulose and collagen are trending. Manufacturers are striving to imitate the mechanical strain-induced polarization of natural piezoelectric materials in biopolymers, which, when successful is projected to fuel the biodegradability of composite material and enhance sustainability.
However, the production of piezoelectric composites is a cost-intensive process, which limits their utility in low-cost applications, thereby hampering the development of the market. Furthermore, rise in concerns regarding the environmental impact of piezoelectric composite materials due to the presence of toxic materials such as lead restrains the market growth notably. On the contrary, increase in reliance of the healthcare sector on devices and ingenious technologies is presenting remunerative opportunities for the piezoelectric composites material market. For instance, WebFX-a digital marketing solutions provider-states that the medical devices industry began expanding in 2021 and is expected to reach around $695.2 billion by 2031. As several medical devices such as ultrasound transducers, pacemakers, and drug delivery systems utilize the piezoelectric effect in their operations, the market is anticipated to witness new avenues in the coming years.
Segment Review
The piezoelectric composites material market is segmented into material type, application, and region. On the basis of material type, the market is divided into ceramic, polymer, and others. As per application, it is classified into actuators, sensors, transducers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of material type, the ceramic segment held a notable share of the market in 2023.
As per application, the sensors segment was the highest shareholder in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition Analysis
The major players in the global piezoelectric composites material market include Murata Manufacturing Co., Ltd., TDK Electronics AG, KYOCERA Corporation, CTS Corporation, APC International, Ltd., Sparkler Ceramics Pvt. Ltd., Piezo Technologies, CeramTec GmbH, KUREHA CORPORATION, and CTS Corporation (UK). These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Additional benefits you will get with this purchase are:
Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
Manufacturing Capacity
Upcoming/New Entrant by Regions
Technology Trend Analysis
Go To Market Strategy
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Historic market data
SWOT Analysis
Key Market Segments
By Material Type
Ceramic
Polymer
Others
By Application
Actuators
Sensors
Transducers
Others
By Region
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Key Market Players:
Murata Manufacturing Co., Ltd
TDK Electronics AG
KYOCERA Corporation
CTS Corporation
APC International, Ltd
Sparkler Ceramics Pvt. Ltd.
Piezo Technologies
CeramTec GmbH
KUREHA CORPORATION
CTS Corporation (UK)
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
CHAPTER 4: PIEZOELECTRIC COMPOSITES MATERIAL MARKET, BY MATERIAL TYPE
4.1. Market Overview
4.1.1 Market Size and Forecast, By Material Type
4.2. Ceramic
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Polymer
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
4.4. Others
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, By Region
4.4.3. Market Share Analysis, By Country
CHAPTER 5: PIEZOELECTRIC COMPOSITES MATERIAL MARKET, BY APPLICATION
5.1. Market Overview
5.1.1 Market Size and Forecast, By Application
5.2. Actuators
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. Sensors
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
5.4. Transducers
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, By Region
5.4.3. Market Share Analysis, By Country
5.5. Others
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, By Region
5.5.3. Market Share Analysis, By Country
CHAPTER 6: PIEZOELECTRIC COMPOSITES MATERIAL MARKET, BY REGION
6.1. Market Overview
6.1.1 Market Size and Forecast, By Region
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, By Material Type
6.2.3. Market Size and Forecast, By Application
6.2.4. Market Size and Forecast, By Country
6.2.5. U.S. Piezoelectric Composites Material Market
6.2.5.1. Market Size and Forecast, By Material Type
6.2.5.2. Market Size and Forecast, By Application
6.2.6. Canada Piezoelectric Composites Material Market
6.2.6.1. Market Size and Forecast, By Material Type
6.2.6.2. Market Size and Forecast, By Application
6.2.7. Mexico Piezoelectric Composites Material Market
6.2.7.1. Market Size and Forecast, By Material Type
6.2.7.2. Market Size and Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, By Material Type
6.3.3. Market Size and Forecast, By Application
6.3.4. Market Size and Forecast, By Country
6.3.5. France Piezoelectric Composites Material Market
6.3.5.1. Market Size and Forecast, By Material Type
6.3.5.2. Market Size and Forecast, By Application
6.3.6. Germany Piezoelectric Composites Material Market
6.3.6.1. Market Size and Forecast, By Material Type
6.3.6.2. Market Size and Forecast, By Application
6.3.7. Italy Piezoelectric Composites Material Market
6.3.7.1. Market Size and Forecast, By Material Type
6.3.7.2. Market Size and Forecast, By Application
6.3.8. Spain Piezoelectric Composites Material Market
6.3.8.1. Market Size and Forecast, By Material Type
6.3.8.2. Market Size and Forecast, By Application
6.3.9. UK Piezoelectric Composites Material Market
6.3.9.1. Market Size and Forecast, By Material Type
6.3.9.2. Market Size and Forecast, By Application
6.3.10. Rest Of Europe Piezoelectric Composites Material Market
6.3.10.1. Market Size and Forecast, By Material Type
6.3.10.2. Market Size and Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, By Material Type
6.4.3. Market Size and Forecast, By Application
6.4.4. Market Size and Forecast, By Country
6.4.5. China Piezoelectric Composites Material Market
6.4.5.1. Market Size and Forecast, By Material Type
6.4.5.2. Market Size and Forecast, By Application
6.4.6. Japan Piezoelectric Composites Material Market
6.4.6.1. Market Size and Forecast, By Material Type
6.4.6.2. Market Size and Forecast, By Application
6.4.7. India Piezoelectric Composites Material Market
6.4.7.1. Market Size and Forecast, By Material Type
6.4.7.2. Market Size and Forecast, By Application
6.4.8. South Korea Piezoelectric Composites Material Market
6.4.8.1. Market Size and Forecast, By Material Type
6.4.8.2. Market Size and Forecast, By Application
6.4.9. Australia Piezoelectric Composites Material Market
6.4.9.1. Market Size and Forecast, By Material Type
6.4.9.2. Market Size and Forecast, By Application
6.4.10. Rest of Asia-Pacific Piezoelectric Composites Material Market
6.4.10.1. Market Size and Forecast, By Material Type
6.4.10.2. Market Size and Forecast, By Application
6.5. LAMEA
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, By Material Type
6.5.3. Market Size and Forecast, By Application
6.5.4. Market Size and Forecast, By Country
6.5.5. Brazil Piezoelectric Composites Material Market
6.5.5.1. Market Size and Forecast, By Material Type
6.5.5.2. Market Size and Forecast, By Application
6.5.6. South Africa Piezoelectric Composites Material Market
6.5.6.1. Market Size and Forecast, By Material Type
6.5.6.2. Market Size and Forecast, By Application
6.5.7. Saudi Arabia Piezoelectric Composites Material Market
6.5.7.1. Market Size and Forecast, By Material Type
6.5.7.2. Market Size and Forecast, By Application
6.5.8. Rest of LAMEA Piezoelectric Composites Material Market
6.5.8.1. Market Size and Forecast, By Material Type