Piezoelectric Sensor Market Size & Share, by Sensor Type (Motors, Transducers, Actuators, Generators); Vibration Mode (Shear Mode, Thickness Longitudinal, Length Mode, Rental Mode); Type (Piezoelectric Accelerators, Piezoelectric Pressure Sensor, Piezoelectric Force Sensors); End User (Healthcare, IT & Telecom, Defense & Aerospace, Industrial Manufacturing, Automotive, Oil & Gas) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5717
  • Published Date: Feb 21, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Piezoelectric Sensor Market size is anticipated to reach USD 121 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of piezoelectric sensors was over USD 10 Billion. The growth of the market is driven by the increase in the use of aircraft. Piezoelectric sensors are suitable for a wide range of applications in the aeronautics sector, which provide a wide range of functions in aircraft. Piezoelectric sensors are in demand, with a great deal of growth coming from the aerospace sector due to their measurement capacity and accuracy. There is a demand for Piezo accelerometers, flow meters, gyroscopes, and level sensors in the aeronautics sector. Various product innovations are taking, for instance, APC International APC 850/855 for aerospace applications, which is a soft ceramic piezoelectric material used for piezo accelerometers, gyroscopes level sensors, pressure sensors, and flow meters. This is good for the aerospace industry to monitor real-time air pressure and gyroscope levels in their aircraft.

The piezoelectric sensors can be able to withstand dynamic conditions, e.g. changes in temperature, pressure, and other external factors. To improve user experience, they are the first choice of smart sensing device manufacturers. As piezoelectric sensor manufacturers invest in research and development to provide highly efficient and cost-effective piezoelectric sensors to consumers, the piezoelectric sensors market is likely to create remunerative opportunities for them.


Piezoelectric Sensor Market overview
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Piezoelectric Sensors Sectors: Growth Drivers and Challenges

Growth Drivers

  • Strict Regulatory Standards by Government - It is now mandatory for all passenger vehicles to be fitted with vehicle stability control systems, following recent changes in the policies of many countries relating to automotive safety standards. The stability control system must be compulsorily fitted to vehicles manufactured for sale in the United States. For any stability control system, the accuracy and reliability of PZT sensors is a crucial element.
  • High Demand in Automotive Sector - The automobile industry is using piezoelectric sensors for detecting the deployment of airbags and vehicle crashes following an accident. The demand for these types of sensors in the automotive industry to monitor tire pressure, airbags deployment, and engine and braking systems has grown as a result of increasing awareness about vehicle safety together with growing car demand around the world. The global automotive production reached 85.01 million units in 2022, representing an increase of 6 % over the production volume of 80.5 million units in 2021, according to the International Organization of Motor Vehicle Manufacturers.
  • High Utilization in the Healthcare Sector - Because of its great sensitivity and precision, piezoelectric sensors are essential for medical applications like pulse monitoring, ultrasonography, and pressure sensing. A favorable piezoelectric sensor market outlook has been made possible by the expanding technology advancements that are improving ultrasound imaging as well as the rapidly expanding healthcare infrastructure and medical facility establishments. Therefore, this is predicted to drive the growth of the piezoelectric sensors market in the forecast period.

Challenges

  • High Cost of Materials – Piezoelectric sensors are made from specialized materials such as lead zirconate titanate which can be expensive. This can make it difficult for manufacturers to compete on price, especially in cost-sensitive applications.
  • Limited Availability of Raw Materials is Set to Hinder the Piezoelectric Sensor Market Growth in the Forecast Period
  • Environmental Restrictions Associated are Predicted to Pose Limitations on the Market Share in the Upcoming Period

Piezoelectric Sensor Market: Key Insights

Base Year

2023

Forecast Year

2024 - 2036

CAGR

~7%

Base Year Market Size(2023)

~USD 10 Billion

Forecast Year Market Size(2036)

~USD 121 Billion

Regional Synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Piezoelectric Sensors Segmentation

Sensor Type (Motors, Transducers, Actuators, Generators)

In terms of sensor type, the actuator segment in the piezoelectric sensor market is set to hold the largest revenue share of 60% during the forecast period. Due to the huge use of actuators in industry systems that require precise position control, this segment is expected to have a strong market share over the next few years. These types of sensors are utilized to transform electrical signals to precisely controlled physical displacement. Piezoelectric sensors, such as actuators, motors, and transducers, may be used in robotic surgery, specific drug delivery solutions and systems, surgical instruments with small space constraints, a prosthetic aspect, or the distribution of drugs.

End User (Healthcare, IT & Telecom, Defense & Aerospace, Industrial Manufacturing, Automotive, Oil & Gas)

Based on end users, the healthcare segment in the piezoelectric sensors market is set to hold a substantial revenue share by the end of 2036. This is due to the increasing use of piezoelectric sensors in a variety of healthcare applications, such as the removal of calculus and plaque using dental scales, ultrasonic surgical instruments, and ultrasound scanners for medical imaging. Because of high accuracy, better visibility, safety, and faster healing for patients, piezoelectric sensors are preferred by healthcare professionals compared to traditional techniques. Piezoelectric sensors are widely used for high-precision surgical instruments, robotic surgery, prosthetic aspects, and distinctive distribution systems in the healthcare sector. Between 2012 and 2018 the rate of robotic surgery globally grew by 1.8% to 15.1%.

Our in-depth analysis of the global piezoelectric sensor market includes the following segments:

          Sensor Type

  • Motors
  • Transducers
  • Actuators
  • Generators

          Vibration Mode

  • Shear Mode
  • Thickness
  • Longitudinal
  • Length Mode
  • Rental Mode

          Type

  • Piezoelectric Accelerators
  • Piezoelectric Pressure Sensor
  • Piezoelectric Force Sensors

          End User

  • Healthcare
  • IT & Telecom
  • Defense & Aerospace
  • Industrial Manufacturing
  •  Automotive
  • Oil & Gas

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Piezoelectric Sensors Industry - Regional Synopsis

North American Market Forecast

The North American region is set to dominate the piezoelectric sensors market by registering growth of 35% during the projected period. Given the growing aerospace and automotive sectors in this region, North America is expected to account for a significant part of the market. The growth of the market is driven by North America's advanced manufacturing capabilities in the car industry. Moreover, to meet safety and efficiency requirements, the adoption of smart sensing technologies in various sectors is increasing. In addition, strategic acquisitions which also contribute to regional piezoelectric sensor market growth are being pursued by key players such as CTS Corporation to expand their sensor portfolio. The TEWA temperature sensor was purchased by CTS Corporation, a leading manufacturer of piezoelectric sensors, on March 22, 2022. In the region, it benefits from innovation and growth.

APAC Market Statistics

The Asia Pacific piezoelectric sensor market is set to hold a notable revenue share during the period between 2024-2036. The automation of industrial systems and medical instruments in the region is leading to an increasing market. Increased safety regulations proposed by governments in China, Japan, and South Korea have also contributed to growth in the Asia Pacific region. The drafting of legislation requiring vehicle owners to install electronic stability systems to improve the safety and efficiency of their vehicles is underway in emerging economies such as India, China, or South Korea.

Research Nester
Piezoelectric Sensor Market size
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Companies Dominating the Piezoelectric Sensors Landscape

top-features-companies
    • Honeywell International Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Morgan Advanced Materials plc
    • Omega Piezo Technologies Inc.
    • Parker Hannifin Corporation
    • Aerotech Inc.
    • APC International Ltd.
    • CeramTec GmbH
    • Dytran Instruments Inc.
    • Kistler Group

In-the-news

In The News

  • Honeywell International Inc. will supply Archer Aviation Inc., an aeronautics firm, with flight control actuation and thermal management technology to enhance the passenger experience as of July 27, 2022. It's working with Nexceris Work to develop safety applications for electric vehicles.
  • TDK Corporation offers AFA screw-mounted pressure transmitters for a variety of industrial applications. It is designed to cover a broad pressure range, providing high measuring accuracy. It can be used to measure pressure, providing an accurate analog output signal with a high degree of immunity against EM interference.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5717
  • Published Date: Feb 21, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand in the automotive sector and regulatory standards by the government are some of the major factors anticipated to drive the growth of the piezoelectric sensors market.

The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2024-2036.

The major players in the market are Aerotech Inc., APC International Ltd., CeramTec GmbH, Dytran Instruments Inc., Kistler Group, TDK Corporation., and others.

The actuator segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Piezoelectric Sensor Market Report Scope
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