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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024 - 2036 |
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CAGR |
~7% |
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Base Year Market Size(2023) |
~USD 10 Billion |
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Forecast Year Market Size(2036) |
~USD 121 Billion |
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Regional Synopsis |
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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:
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Sensor Type |
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Vibration Mode |
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Type |
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End User |
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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.
Author Credits: Abhishek Verma, Hetal Singh
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