Piezoelectric Ceramics Market - By Type (Lead Zirconate Titanate (PZT) Ceramics, Non-Lead Piezoelectric Ceramics, Single Crystal Piezoelectric Ceramics, Polymer-Based Piezoelectric Ceramics), By Application, By End-use & Forecast, 2023 – 2032

Piezoelectric Ceramics Market Size

Piezoelectric Ceramics Market size was valued at around USD 1.2 billion in 2022 and is set to grow at a CAGR of 5.3% from 2023 to 2032. The expanding electronics industry requires piezoelectric ceramics for various applications, including sensors, actuators, transducers, and resonators in devices such as smartphones, wearables, and IoT devices. Piezoelectric ceramics are crucial components in medical devices like ultrasound transducers, imaging equipment, and surgical tools, driving demand as medical technology continues to advance.
 

The automotive industry uses piezoelectric ceramics in applications such as airbag sensors, fuel injectors, and engine control modules, and the growing demand for electric vehicles (EVs) and autonomous vehicles is boosting their use.

The range of materials exhibiting strong piezoelectric properties is limited, which can restrict the development of ceramics for specific applications and hinder performance improvements. Achieving consistent and uniform piezoelectric properties across large-scale production is a challenge, as variations in material composition and processing can lead to inconsistent performance. Piezoelectric ceramics tend to be brittle and fragile, making them susceptible to cracking and breakage during manufacturing, assembly, or operational stress. Thus, the risks associated with Piezoelectric ceramics may drive down the acceptance rate, further hampering the business growth.
 

COVID-19 Impact

Some applications, like automotive and consumer electronics, experienced decreased demand, while others, such as medical devices and healthcare equipment, saw increased demand due to the pandemic's impact on healthcare infrastructure. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the Piezoelectric ceramics industry expansion in the upcoming years.
 

Piezoelectric Ceramics Market Trends

The trend towards smaller and more compact devices is driving the demand for miniaturized piezoelectric ceramics that can be seamlessly integrated into various products, such as wearable devices, medical implants, and consumer electronics. Flexible and bendable piezoelectric materials are gaining attention for applications in flexible electronics, wearable devices, and conformable sensors that can adapt to curved or irregular surfaces.
 

Piezoelectric Ceramics Market Analysis

Based on type, the piezoelectric ceramics market is segmented as lead zirconate titanate (PZT) ceramics, non-lead piezoelectric ceramics, single crystal piezoelectric ceramics, polymer-based piezoelectric ceramics. Lead Zirconate Titanate held a majority market value of USD 0.4 billion in 2022. PZT ceramics exhibit excellent piezoelectric properties, making them suitable for high-performance applications in sensors, actuators, ultrasonic transducers, and medical devices.
 

Based on application, the piezoelectric ceramics market is segmented as electronics and semiconductor, automotive and transportation, healthcare and medical devices, industrial manufacturing and automation, consumer electronics, aerospace, and defense. Electronics held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace till 2032. The expanding electronics industry requires piezoelectric ceramics for various applications, including sensors, actuators, transducers, and resonators in devices such as smartphones, wearables, and IoT devices.
 

Based on end-use, the piezoelectric ceramics market is segmented as sensors, actuators, transducers, energy harvesting devices, piezoelectric generators, inkjet printers, piezoelectric transformers, sonar systems, communication devices, research and development, others. Sensors segment held a dominant market share in 2022 and is anticipated to grow at 4.8% CAGR through 2032. The need for accurate and reliable sensors for process control, quality assurance, and monitoring in industries such as manufacturing and automotive drives the demand for piezoelectric ceramics. Thus, the high-quality services and growing usage of Piezoelectric ceramics at food centres are anticipated to expedite the business statistics.
 

U.S. dominated the North American region with majority piezoelectric ceramics market share and a revenue of USD 0.3 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America's robust healthcare sector drives the demand for advanced medical devices and imaging equipment that use piezoelectric ceramics. Applications include ultrasound imaging, therapeutic devices, and implantable sensors.
 

Piezoelectric Ceramics Market Share

Some of the major players operating in the Piezoelectric ceramics market are:

• Murata Manufacturing Co., Ltd.
• TDK Corporation
• Kyocera Corporation
• APC International, Ltd.
• CeramTec GmbH
• Piezo Technologies
• Morgan Advanced Materials
• Physik Instrumente (PI) GmbH & Co. KG
• CTS Corporation
• Johnson Matthey
• US EuroTek, Inc.
• Meggitt Sensing Systems
• Mad City Labs, Inc.
• Sparkler Ceramics Pvt. Ltd
• Exelis Inc.among others

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Piezoelectric Ceramics Industry News:

• In 2023, CTS Corporation has acquired maglab AG a Switzerland-based innovator in electric vehicle sensors. This acquisition has helped the company to strengthen its product portfolio in the automotive application in the Europe region.
   

Piezoelectric ceramics market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments:

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By Type

• Lead Zirconate Titanate (PZT) Ceramics
• Non-Lead Piezoelectric Ceramics
• Single Crystal Piezoelectric Ceramics
• Polymer-Based Piezoelectric Ceramics

By Application

• Electronics and Semiconductor
• Automotive and Transportation
• Healthcare and Medical Devices
• Industrial Manufacturing and Automation
• Consumer Electronics
• Aerospace and Defense

By End-use

• Sensors
• Actuators
• Transducers
• Energy Harvesting Devices
• Piezoelectric Generators
• Inkjet Printers
• Piezoelectric Transformers
• Sonar Systems
• Communication Devices
• Research and development
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt