Global Piezoelectric Device Market Report 2022-2028: Adoption in Automotive & Electronic Manufacturing Industries Fueling Growth - ResearchAndMarkets.com
The "Global Piezoelectric Device Market Research and Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The "Global Piezoelectric Device Market Research and Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global piezoelectric device market is anticipated to grow at a substantial CAGR of around 4.7% during the forecast period. The adoption of piezoelectric devices among various end-user industries such as automotive and electronic manufacturing pushes the demand for piezoelectric devices which includes sensors, transducers, actuators, and motors to run the production line smoothly, as these devices used to measure quantities such as pressure, strain, and acoustic intensity.
Owing to its broader application, the demand for piezoelectric materials is projected to considerably expand with the increasing dependence on the automotive and electronics industries, and thus boost up the demand for global piezoelectric market.
Moreover, the increasing government spending on defense and missile guidance systems has significantly increased the demand for piezoelectric devices. According to Pgpf.org the US spent $725 billion in national defense in 2020.
Out of total spending, $690 billion was spent by Department of Defense (DoD) on military activities, and remaining $34 billion was spent on defense-related activities. Moreover, an increase in space exploration has led to an increase in the usage of piezoelectric devices such as SONARs, sensors, and acoustic devices, to detect the slightest change in their range, sustain in harsh conditions, and provide accurate results.
Market Segmentation
- Global Piezoelectric Device Market Research And Analysis by Product
- Global Piezoelectric Device Market Research and Analysis by Material
- Global Piezoelectric Device Market Research and Analysis by Application
The Report Covers
- Comprehensive research methodology of the global piezoelectric device market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global piezoelectric device market.
- Insights about market determinants that are stimulating the global piezoelectric device market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Segmentation
5. Regional Analysis
6. Company Profiles
Companies Mentioned
- APC International Ltd.
- Birch Vesper Technologies, Inc.
- Cedrat Technologies Sa
- Ceramatec Gmbh
- Emfit Ltd.
- Enocean Gmbh
- Ionix Advanced Technologies
- Kinetic Ceramics
- Kyocera Corp.
- Lifemedix, LLC
- L3harris Technologies, Inc
- Mad City Labs, Inc.
- Microgen Systems, Inc
- Morgen Advanced Materials Plc
- Nanomotion Motion Solutions
- Oxsensis Ltd.
- Physik Instrumente (Pi) Gmbh & Co. Kg.
- Piezo Systems Jena Gmbh
- Piezocryst Advanced Sensorics Gmbh
- Piezomechanik Dr. Lutz Pickelmann Gmbh
For more information about this report visit https://www.researchandmarkets.com/r/vgerl8
View source version on businesswire.com: https://www.businesswire.com/news/home/20221020005764/en/