The global piezoelectric materials market revenue was around US$ 1.48 billion in 2022 and is estimated to reach US$ 2.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2023 to 2031.

Piezoelectric materials are materials like barium titanate, quartz, lithium niobate, and others that have the potential to transform mechanical effects into electrical signals or vice versa. They are used to power a wide range of devices like video cameras, smartphones, knitting and braille machinery, and others.

Factors Influencing Market Growth

- The rise in spending on building advanced submarines has surged the possible application of composite piezoelectric materials utilized for describing and measuring targets in water. This factor is projected to boost the growth of the piezoelectric materials market.

- The ineffectiveness of piezoelectric materials while distinguishing between vibrations and noise and also, delivering wrong results during monitoring activities is anticipated to hinder the growth of the piezoelectric materials market during the forecast period.

- The growth in acceptance of piezoelectric materials for creating piezoelectric energy harvests that are utilized for generating power levels from nanowatts to microwatts in different aircraft and fighter jets may improve the need for piezoelectric materials that may create lucrative possibilities for the piezoelectric materials market.

Impact of COVID-19

The impact of the COVID-19 pandemic had a negative influence on the piezoelectric materials market because of its dependence on consumer goods, automotive, building & construction, and other end-use sectors.

Regional Analysis

In 2022, the Asia-Pacific dominated the piezoelectric materials market because of the developments in healthcare, automotive, and other sectors that have improved the performance of the piezoelectric materials market in the Asia-Pacific region.

Leading Companies

The leading prominent companies profiled in the global piezoelectric materials market are: -

- Arkema S.A.
- CeramTec GmbH
- Johnson Matthey
- PI Ceramic GmbH
- Piezo Kinetics, Inc
- Piezomechanik Dr. Lutz Pickelmann GmbH
- Solvay
- Sparkler Ceramics Pvt. Ltd.
- TDK Electronics AG
- TRS Technologies, Inc.
- Other prominent key players

Segmentation Outline

The global piezoelectric materials market segmentation focuses on Application, Material Type, End-use, and Region.

Segmentation based on Application

- Actuators
- Sensors
- Motors
- Acoustic Devices
- SONAR
- Others

Segmentation based on Material Type

- Composite
- Ceramic
- Polymeric

Segmentation based on End-use

- Information Technology
- Healthcare
- Consumer Goods
- Others
- Automotive

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa