Piezoelectric Smart Materials Market Synopsis

Piezoelectric Smart Materials Market Size Was Valued at USD 1.87 Billion in 2023 and is Projected to Reach USD 2.64 Billion by 2032, Growing at a CAGR of 3.92% From 2024-2032

The global industry that produces, distributes, and uses materials with piezoelectric capabilities for a range of applications is known as the piezoelectric smart materials market. Piezoelectric materials can transform mechanical energy, such as vibration or pressure, into electrical energy and the other way around. Due to their special qualities, these materials are useful for a variety of applications in a wide range of sectors, including electronics, healthcare, aerospace, automotive, energy, and more.

• A class of materials known as piezoelectric smart materials is capable of producing an electric charge in response to mechanical stress or deformation. On the other hand, when exposed to an electric field, they can also deform or cause mechanical strain. Their distinct characteristic renders them advantageous for an extensive array of uses across diverse sectors.
• The asymmetric crystal structure of some materials, including composites, polymers, crystals, and ceramics, gives rise to the piezoelectric effect. The asymmetry in these materials' atomic structures causes positive and negative charges to be displaced during mechanical stress or deformation, which creates an electric potential differential throughout the material.
• In general, piezoelectric smart materials are essential for fostering innovation and progress in a variety of industries since they offer special properties for applications involving sensing, actuation, energy harvesting, and structural monitoring.

Piezoelectric Smart Materials Market Trend Analysis

Increased Demand from Military and Aerospace Sector

• Piezoelectric smart materials are in high demand because of the military and aerospace sectors, whose demanding needs and problems they perfectly match with their unique qualities and capabilities. Structural health monitoring is an important use of piezoelectric materials in these fields. Aircraft, satellites, and missiles are examples of military and aerospace systems that operate in hostile settings and endure high mechanical loads. These structures' use of piezoelectric sensors enables ongoing measurement of mechanical stress, strain, and vibration levels.
• Engineers can evaluate the structural integrity of these assets, identify possible problems or flaws early on, and avert disastrous collapses thanks to this real-time data. The military and aerospace sectors can improve the lifetime, dependability, and safety of their structures by deploying piezoelectric sensors for structural health monitoring.
• All things considered, the military and aerospace industries' need for piezoelectric smart materials is fueled by their capacity to meet vital requirements including vibration control, dampening, and structural health monitoring. The use of piezoelectric materials is anticipated to increase as long as these sectors maintain their emphasis on performance, safety, and dependability. This will present numerous chances for innovation and technological progress in the military and aerospace industries.

Growing Adoption of Piezoelectric Smart Materials Across Diverse Industries

• The increasing utilization of piezoelectric smart materials in various industries offers a noteworthy prospect for market growth and novelty. Piezoelectric materials find increasing application in vibration sensors, haptic feedback systems, touchscreens, and energy harvesting devices in consumer electronics, meeting the need for small, energy-efficient parts. The constant advancement of wearable technology, cell phones, and Internet of Things gadgets all of which depend more and more on piezoelectric technology for enhanced functionality and performance is driving this trend.
• Piezoelectric smart materials are used in industries like automotive, aerospace, energy, and manufacturing in addition to consumer electronics and healthcare. Piezoelectric materials find application in tire pressure sensors, engine vibration control systems, and energy harvesting devices in automobiles, where they enhance sustainability, safety, and efficiency.
• Piezoelectric smart materials are being more and more widely used in a variety of industries, which highlights their adaptability, dependability, and efficiency in solving a broad range of technological problems. The market for these cutting-edge materials is anticipated to rise as businesses continue to innovate and create new uses for piezoelectric materials. This will spur development and development in a number of industries.

Piezoelectric Smart Materials Market Segment Analysis:

Piezoelectric Smart Materials Market Segmented on the basis of Type, Application and End-user Industry.

By Type, Ceramics segment is expected to dominate the market during the forecast period

• Lead zirconate titanate (PZT), lead magnesium niobate (PMN), and lead-free substitutes are examples of ceramic materials with exceptional piezoelectric qualities that are perfect for a range of high-performance uses.
• The better piezoelectric qualities that ceramic materials provide over other kinds are a major factor in the ceramics segment's supremacy. High piezoelectric coefficients are often found in ceramics, which means that they can transform mechanical energy into electrical energy and vice versa with greater sensitivity and efficiency. For applications needing accurate sensing, actuation, and energy harvesting capabilities across industries like consumer electronics, healthcare, automotive, aerospace, and more, ceramic-based piezoelectric materials become extremely desired.
• Because of its extensive application in important industries and established presence, the Ceramics category enjoys a considerable market share. Suppliers and producers of ceramic-based piezoelectric materials have developed trusting bonds with clients in a range of industries by offering dependable solutions and in-depth technical knowledge to accommodate a wide range of applications.
• The remarkable piezoelectric qualities, mechanical resilience, technical developments, and well-established market presence of ceramic materials are what propel the dominance of the Ceramics section in the Piezoelectric Smart Materials market segment analysis. With the increasing need for high-performance piezoelectric solutions across several industries, the Ceramics category is well-positioned to hold its dominant market share.

By Application, the Motors segment held the largest share

• Because piezoelectric motors are widely used in a wide range of industries and applications, the Motors sector dominates the Piezoelectric Smart Materials market segment study. For precise motion control applications, piezoelectric motors are very desired due to their many advantages. Their remarkable precision and accuracy, which enable sub-micron or nanometer-level positioning in applications like semiconductor production, optical systems, and laboratory automation, are major factors contributing to their appeal.
• Due to their lightweight and compact construction, piezoelectric motors can be integrated into spaces that are too small for standard electromagnetic motors. This small form size is very useful for consumer electronics, automotive systems, and medical devices.
• Additionally, piezoelectric motors are vibration-free and silent, which makes them ideal for applications like imaging systems, precision instruments, microscopy, and other areas where mechanical disturbances and noise have to be kept to a minimum. Overall, the domination of the Motors section highlights the many benefits and adaptable qualities of piezoelectric motors, which have led to their widespread use in a variety of applications and industries.

Piezoelectric Smart Materials Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• For a number of strong factors, the Asia Pacific (APAC) region is expected to lead the piezoelectric smart materials market. First off, the economies of APAC nations like China, India, and South Korea are expanding quickly, which is driving up investments in consumer electronics, manufacturing, and infrastructure. The need for piezoelectric materials, which are essential components in many sectors, is fueled by this upsurge in economic activity.
• APAC nations are placing a greater focus on energy efficiency, which has raised interest in piezoelectric energy harvesting technology. Piezoelectric materials provide a sustainable way to lessen dependency on conventional energy sources by capturing energy from ambient vibrations.
• Piezoelectric materials have potential for structural health monitoring due to the aging infrastructure in several APAC countries. These resources support maintenance and safety initiatives by assisting in the early detection of any problems in infrastructure.
• Also, the APAC region's sizable and growing population generates a sizable demand for cutting-edge goods and technologies, including piezoelectric materials. Because of the magnitude of the APAC market, suppliers and manufacturers are drawn to the region to meet the growing demand for piezoelectric smart materials.

Piezoelectric Smart Materials Market Top Key Players:

• AAC Technologies (China)
• Arkema (France)
• Cedrat Technologies (France)
• Kyocera (Japan)
• Solvay (Belgium)
• APC International (US)
• Channel Technologies Group (US)
• Piezo Kinetics (US)
• Mide Technology (US)
• Qortek (US)
• CeramTec (Germany)
• Morgan Advanced Materials (United Kingdom)
• PI Ceramic (Germany)
• Kistler Group (Switzerland)
• CTS Corporation (US)
• Murata Manufacturing Co. Ltd. (Japan)
• TDK Corporation (Japan)
• TE Connectivity (Switzerland)
• Mad City Labs Inc. (US)
• Physik Instrumente (PI) GmbH & Co. KG (Germany)
• Sparkler Ceramics Pvt. Ltd. (India)
• Ceramaret SA (Switzerland)
• Piezomechanik GmbH (Germany)
• Piezo Systems Inc. (US)
• PolyK Piezo GmbH (Germany), and other Major Players

Key Industry Developments in the Piezoelectric Smart Materials Market:

• In Decmber 2023, The 54% ownership held by Glenwood Private Equity in the publicly traded South Korean business PI Advanced Materials (PIAM) was successfully acquired by Arkema. The purpose of this acquisition was to enhance Arkema's offering of high-performance technology designed for the rapidly expanding markets of electric mobility and advanced electronics.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. PIEZOELECTRIC SMART MATERIALS MARKET BY TYPE (2017-2030)
   1. PIEZOELECTRIC SMART MATERIALS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CERAMICS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. POLYMERS
   5. COMPOSITES
7. PIEZOELECTRIC SMART MATERIALS MARKET BY APPLICATION (2017-2030)
   1. PIEZOELECTRIC SMART MATERIALS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. MOTORS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. TRANSDUCERS
   5. SENSORS
   6. BUILDING MATERIALS
8. PIEZOELECTRIC SMART MATERIALS MARKET BY END-USER INDUSTRY (2017-2030)
   1. PIEZOELECTRIC SMART MATERIALS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. AGRICULTURE AND FOOD
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CONSTRUCTION AND INFRASTRUCTURE
   5. HEALTHCARE
   6. AUTOMOTIVE
   7. AEROSPACE AND DEFENSE
   8. OTHERS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Piezoelectric Smart Materials Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. AAC TECHNOLOGIES (CHINA)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. ARKEMA (FRANCE)
   4. CEDRAT TECHNOLOGIES (FRANCE)
   5. KYOCERA (JAPAN)
   6. SOLVAY (BELGIUM)
   7. APC INTERNATIONAL (US)
   8. CHANNEL TECHNOLOGIES GROUP (US)
   9. PIEZO KINETICS (US)
   10. MIDE TECHNOLOGY (US)
   11. QORTEK (US)
   12. CERAMTEC (GERMANY)
   13. MORGAN ADVANCED MATERIALS (UNITED KINGDOM)
   14. PI CERAMIC (GERMANY)
   15. KISTLER GROUP (SWITZERLAND)
   16. CTS CORPORATION (US)
   17. MURATA MANUFACTURING CO. LTD. (JAPAN)
   18. TDK CORPORATION (JAPAN)
   19. TE CONNECTIVITY (SWITZERLAND)
   20. MAD CITY LABS INC. (US)
   21. PHYSIK INSTRUMENTE (PI) GMBH & CO. KG (GERMANY)
   22. SPARKLER CERAMICS PVT. LTD. (INDIA)
   23. CERAMARET SA (SWITZERLAND)
   24. PIEZOMECHANIK GMBH (GERMANY)
   25. PIEZO SYSTEMS INC. (US)
   26. POLYK PIEZO GMBH (GERMANY)
10. GLOBAL PIEZOELECTRIC SMART MATERIALS MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Application
       5. Historic And Forecasted Market Size By End-user Industry
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies