Composites Piezoelectric Material Market Size Forecast to Reach $267.40 Million by 2025

October 9, 2020

Composites Piezoelectric Material Market size is forecast to reach $267.40 million by 2025, after growing at a CAGR of 3.98% during 2020-2025.Composites Piezoelectric Material has various advantages such as high coupling factor, low acoustic impedance, strong water or human tissue matching, mechanical stability, wide bandwidth combined with a low mechanical quality factor and the possibility of producing undiced arrays by simply patterning the electrodes owing to which it is widely used in many end use industry. In addition, piezoelectric composite materials are especially useful for application of underwater sonar and medical diagnostics ultrasonic transducer. In a variety of fields such as medical devices, naval sonar devices, industrial process control, environmental monitoring, communications, information systems and tactile sensors, piezoelectric composites are important. The growth of the composites piezoelectric material industry is anticipated to boost in the forecast era.

Key Takeaways

APAC dominates the Composites Piezoelectric Material Market due to increasing use of piezoelectric automotive sensor technology for smarter and safer cars in automotive industry.

Increasing use of piezoelectric composites in transducer performance for medical imaging ultrasounds and other acoustic transducers in biomedical industry is expected to boost the demand of Composites Piezoelectric Material Market in the forecast period.

Use of polymeric piezoelectric composites for energy harvesting applications will drive the Composites Piezoelectric Material in the projected period.

Manufacturing and Construction Industry is being significantly affected due to the COVID-19 pandemic as they depend on workers whose jobs cannot be carried out remotely. In the current situation this factor restricts the growth of the composites piezoelectric material market.

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By Application – Segment Analysis

Sensors held the largest share in the application of Composites Piezoelectric Material Market in 2019.Piezoelectric sensor is a device that uses the piezoelectric effect to monitor changes in friction, acceleration, temperature, strain or force by converting them to an electric charge. Industrial sector employs piezoelectric sensors for a number of uses such as for use in pressure sensors and sonar equipment.

Drivers –Composites Piezoelectric Material Market

Increasing use of piezoelectric products in automotive

Increasing use in electronic devices

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Composites Piezoelectric Material Market. Major players in the Composites Piezoelectric Material Market are Harris Corp., Morgan Technical Ceramics, Smart Materials Corp., MSI Tranducers Corp., Noliac A/S, APC International, PI Ceramic, Mad City Labs, Inc., Piezo Kinetics, Inc., Sparkler Ceramics Pvt. Ltd. among others.

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