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Piezoelectric Ceramics Market Trends

Report ID: GMI6458
Published Date: Aug 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for piezoelectric ceramics was USD 1.2 billion in 2022 and will reach USD 2 billion by 2032 due to the expanding electronics sector and increasing demand for sensors, smartphones, and wearables worldwide.

Piezoelectric ceramics size from the lead zirconate titanate type segment reached USD 0.4 billion in 2022 impelled by rising adoption in high-performance applications.

The electronics and semiconductor application segment garnered 40% of the piezoelectric ceramics industry share in 2022 driven by the expanding electronics sector and the growing demand for actuators, transducers, and resonators.

U.S. piezoelectric ceramics size recorded USD 0.3 billion in 2022 and will witness substantial growth through 2032 due to the presence of well-established healthcare sector in the region.