Developing Alternative Materials to Pzt Ceramic Materials with Similar Propertiesįor more information about this report visit. Surging Deployment of Piezoelectric Sensors and Polymers in Healthcare Devices. Increasing Demand for Polymer-Based Piezoelectric Sensors and Films from Aerospace, Nuclear Instrumentation, and Consumer Electronics Applications. Rising Adoption of Piezoelectric Devices and Polymers in Biomedical and Surgical Applications. Growing Use of Piezoelectric Nanomaterials in Electronic Devices. Stringent Government Policies Restricting Use of Lead-Based Piezoelectric Materials. High Cost Associated with Piezoelectric Materials. Increased Investments in Renewable Energy Projects. Accelerated Demand for Piezoelectric Devices from Automobile Manufacturers. Elevated Use of Piezoelectric Energy Harvesters. High Adoption of Piezoelectric Products in the Aerospace Industry. China to Grow at Highest CAGR During Forecast Period. Piezoelectric Ceramics to Dominate Piezoelectric Devices Market During Forecast Period. Aerospace & Defense Segment to Account for Largest Market Share by 2028. Piezoelectric Actuators to Hold Largest Market Share During Forecast Period. High Adoption of Piezoelectric Devices in Aerospace & Defense Industry to Fuel Market During Forecast Period. As Germany has the largest automotive sector, it witnesses a higher consumption of piezoelectric actuators, motors, and sensors. Technological innovations in the automotive sector of the country contribute to the growth of the piezoelectric devices market in Germany.Īlong with the automotive industry, piezoelectric devices are also likely to be adopted in industrial and manufacturing, consumer electronics, and healthcare applications. Germany is one of the largest manufacturing hubs for automobile companies in Europe. Germany is expected to have the largest market size in Europe during the forecast period. Medical device manufacturers are aware of the benefits of integrating piezoelectric components and materials into life-saving medical devices such as respirators, ventilators, and atomization systems. The healthcare sector depends on advanced techniques, including imaging, diagnostic scanning, and robotic surgeries, to provide the best possible care to patients. The healthcare application is expected to record the highest CAGR in the piezoelectric devices market during the forecast period. 
The market for the healthcare application segment is to witness the highest growth during the forecast period. When a mechanical force is applied for ultrasound applications, piezoelectric crystals are automatically deformed and produce a tiny voltage, which is used for producing and detecting ultrasonic sound waves. They change their shapes in small amounts, mostly in nanometers, and generate electricity whenever subjected to vibrations or external mechanical stress. Piezoelectric crystals are small-scale energy sources. The market for the piezoelectric crystal segment is expected to hold a significant share during the forecast period.
These devices possess the properties of both sensors and actuators. Piezoelectric ultrasonic transducers transmit and receive ultrasonic waves used in sensing and imaging applications. They produce an electric output voltage by converting these parameters into an electric charge. Piezoelectric transducers use the piezoelectric effect to measure changes with respect to acceleration, force, pressure, strain, and temperature. The piezoelectric transducer is expected to have the second largest market size in terms of product during the forecast period. The market for piezoelectric transducers is to hold the second-largest share during the forecast period. The piezoelectric devices market is valued at USD 32.7 billion in 2023 and is projected to reach USD 46.0 billion by 2028, growing at a CAGR of 7.0% from 2023 to 2028.
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