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Piezoelectric Ceramics Market Size
- Report ID: GMI6458
- Published Date: Aug 2023
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Piezoelectric Ceramics Market Size in 2022: | USD 1.2 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.3% |
| 2032 Value Projection: | USD 2 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 191 |
| Segments covered: | Type, Application, End-use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Piezoelectric Ceramics Market Scope
