Piezoelectric Smart Materials Market - Forecast(2021 - 2026)

Report Code: CMR 85253 Report Format: PDF + Excel (Delivery in 48 Hrs)

Piezoelectric Smart Materials Market Overview

Piezoelectric Smart Materials Market size is forecast to reach $9.6 billion by 2026, after growing at a CAGR of 5.3% during 2021-2026. Globally, the increasing R&D investments by research universities & companies for advanced Piezo solutions for piezoelectric smart materials in aerospace & defense applications, energy harvesting, and other major applications, is driving the market development. As piezoelectric smart materials undergoes mechanical stress, it produces an electric charge through its surface due to the asymmetry of its crystalline structure, thus, due to which it is increasingly used in the electromechanical transducers, actuators, and sensor applications. Furthermore, the rise in demand for piezoelectric sensors for the measurement of fluid compositions, fluid density, fluid viscosity, or the force of an impact is projected to bring new opportunities to the piezoelectric smart materials industry to expand during the predicted period.

Impact of Covid-19

The COVID-19 pandemic situation affected the supply of piezoelectric smart materials and has subsequently interrupted the industrial operations. Moreover the supply of piezoelectric smart materials in import-dependent countries had a significant effect on the trade disruptions which declined the market growth in the year 2020.

Piezoelectric Smart Materials Market Report Coverage

The: “Piezoelectric Smart Materials Market Report – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the piezoelectric smart materials market.

By Type: Ceramics, Composites, Crystal, and Polymers.
By Application: Motors, Sensors, Transducers, Actuators, Transformers, Fuel Injectors, and Others.
By End Use Industry: Automotive, Building and Construction, Aerospace and Defense, Consumer Electronics, Healthcare, Musical Instruments, and Others .
By Geography: North America (U.S, Canada, and Mexico), Europe (U.K., Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • APAC dominates the piezoelectric smart material market due to the increasing use of piezoelectric automotive sensor technology for smarter and safer cars in automotive industry.
  • The applications of piezoelectric smart material across different end-use industries such as consumer electronics and healthcare industry have increased continuous development in manufacturing processes and the adoption of enhanced materials, which has lead to the market growth.
  • The implementation of many government initiatives and programs to enable industries to invest in and use piezoelectric smart materials is estimated to have a positive impact in the piezoelectric smart materials market growth during the forecast period.

Figure: Asia Pacific Piezoelectric Smart Materials Market Revenue, 2020-2026 (US$ Billion)

For more details on this report - Request for Sample

Piezoelectric Smart Materials Market Segment Analysis - By Type

Polymers held the largest share in the piezoelectric smart materials market in 2020. Due to various characteristics such as low production costs, lightweight, fast processing, and their adoption for biological applications such as the acquisition of biosignals and the support for tissue regeneration/repair, the high growth of polymers in the piezoelectric smart materials market is seen. Polyvinylidene fluoride (PVDF) and pure thermoplastic fluoropolymers are generally the selected materials among piezoelectric polymers because of their low cost, highly non-reactive properties, pressure super-sensitivity, and compliance with government regulations such as hazardous substance restriction for materials. Thus, with the growing market demand the rise of polymers in the piezoelectric smart materials market is estimated to increase in the forecast period.

Piezoelectric Smart Materials Market Segment Analysis - By Application

Sensors held the largest share in the piezoelectric smart materials market in 2020 and is projected to grow at a CAGR of 3.4% during the forecast period 2021-2026. A piezoelectric sensor is a device that converts changes in strain, pressure, acceleration, temperature, or force into an electric charge using the piezoelectric effect. Piezoelectric sensor offers various advantages such as good frequency response, availability in desired shape, negligible phase shift, and small size. 

Owing to such properties sensors are used for process control, quality assurance, and for research and development in many industries. Also, the increasing use of piezoelectric sensors in various applications, such as in medical, aerospace and defence, automotive, as a pressure sensor in the touch pads of mobile phones and as a tilt sensor in consumer electronics, is estimated to drive the piezoelectric smart materials market growth.

Piezoelectric Smart Materials Market Segment Analysis - By End Use Industry

Aerospace and Defense held the largest share with 25% in the piezoelectric smart materials market in 2020. In the aerospace sector, piezoelectric smart materials help to guide and maintain air flow across aircraft wings during take-off and landing. In addition, they are widely used as smart sensors, smart combat suits, smart nano-robotics, and smart skins in the military and defense sectors. These materials are also known to resolve common aircraft complications, such as engine vibration, wing ice formation, high cabin noise levels, turbulence separation and control surfaces in cold conditions. Therefore, due to the reasons set out above, the aerospace & defense industry is likely to experience the highest growth rate during the forecast period.

Piezoelectric Smart Materials Market Segment Analysis - By Geography

Asia Pacific held the largest share with 38.5% in the piezoelectric smart materials market in 2020. Growth in the applications such as sports, automotive and aerospace & defense and expansion in the medical and healthcare sector shall further aid to the market growth throughout the forecast period in this region. Furthermore, the rising investments in the aerospace and defense industry has resulted in a surge in the demand for piezoelectric smart materials which is anticipated to propel the market growth during the assessment period. 

Growing demand from the automotive and aerospace & defense industry in the emerging economies, such as China, Japan, India, and South Korea is anticipated to drive the market in the upcoming years. According to the India Brand Equity Foundation (IBEF), the domestic Indian automobile market is dominated by two wheelers and passenger vehicles. Small and mid-sized cars dominate passenger car sales. Two wheelers and passenger cars accounted for 80.8 percent and 12.9 percent of the market share, respectively, representing over 20.1 million vehicles sold together in FY20. Hence, the demand for piezoelectric smart materials is expected to increase in the forecast period due to these properties.

Piezoelectric Smart Materials Market Drivers

Increasing Demand for Piezoelectric Smart Materials in Building and Construction Industry

Piezoelectric smart materials can convert mechanical strain and vibration energy into electrical energy. This property provides opportunities for the implementation of renewable and sustainable energy through energy harvesting and self-sustaining smart sensing in buildings. Understanding the mechanism of piezoelectric properties of different components of the building, as well as the latest implementations and innovations in the building and construction industry, are important for the effective use of piezoelectric smart materials for sustainable building production. 

Furthermore, with advanced methods for improving the cementitious piezoelectricity and applying the material piezoelectricity for different building functions, more renewable and sustainable building systems are anticipated. Thus, owing to such benefits, an increase in the demand for piezoelectric smart materials in the building and construction sector is being witnessed.

Growth from Healthcare Sector  

Smart piezoelectric materials are attracting a lot of attention in the healthcare industry owing to their alluring properties. Due to the bio-compatibility and biodegradability of piezoelectric smart materials, progress in the application of piezoelectric materials in biomedical devices is seen. The increasing use of piezoelectric smart materials to design medical devices and provide a greater understanding of the piezoelectric effect in the medical industry is driving the growth of the market. Actuators and sensors, energy harvesters, and active neural tissue engineering scaffolds are all examples of medical devices that are constantly being researched. Piezoelectric smart materials such as sensors and actuators used in the medical devices can transform the flow rate, and pressure to generate or consume energy. 

Also, the rising investments for medical devices are another major factors driving the growth of the market. According to the India Brand Equity Foundation (IBEF), the government of India has commenced various initiatives to strengthen the medical devices sector, with emphasis on research and development (R&D) and 100% FDI for medical devices. In May 2020, the government announced incentivization plans of at least Rs. 3,420 crore (US$ 4.9 billion) over a five-year period to further facilitate investments in manufacturing medical devices. Thus, all the aforementioned factors are therefore expected to drive the piezoelectric smart materials market growth during the forecast timeline.

Piezoelectric Smart Materials Market Challenges

High Cost of Piezoelectric Smart Materials

Piezoelectric smart materials are very efficient materials. Their performance, however, comes with high costs linked to the high level of R&D involved. End-users look for great efficiency with more affordable and low-cost products. As a result, the construction sector is cost-intensive and manufacturers are still searching for both effective and low-cost alternatives of piezoelectric smart materials while deciding on building materials. In the automotive industry, active piezoelectric smart materials are gaining demand; however, the rise in demand is hampered by the cost and availability. Even the manufacturers are expecting more developments with a view to the widespread use of piezoelectric smart materials technology. Hence, the rising cost of piezoelectric smart materials will further create hurdles for the piezoelectric smart materials in the forecast period.

Piezoelectric Smart Materials Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the piezoelectric smart materials market. Major players in the piezoelectric smart materials market are APC International Ltd., Exelis, Inc., Morgan Advanced Materials, Piezosystem Jena GmbH, Ceramtec GmbH, Piezo Solutions, Piezo Systems, Inc., Piezomechanik GmbH, Us Eurotek, Inc , and MAD City Labs, Inc. among others.

Relevant Reports

Composites Piezoelectric Material Market - By Type, By Application, By End Use and By Geography Analysis - Forecast 2020 – 2025

Report Code: CMR 47418

Piezoelectric Sensor Market - Forecast(2021 - 2026)

Report Code: AIR 0112

For more Chemicals and Materials Market reports, please click here

1. Piezoelectric Smart Materials Market - Market Overview
    1.1 Definitions and Scope
2. Piezoelectric Smart Materials Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by End Use Industry
    2.5 Key Trends by Geography
3. Piezoelectric Smart Materials Market - Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Piezoelectric Smart Materials Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Piezoelectric Smart Materials Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major companies
6. Piezoelectric Smart Materials Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7. Piezoelectric Smart Materials Market -Strategic analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Piezoelectric Smart Materials Market – By Type (Market Size -$Million)
    8.1 Ceramics
        8.1.1 PZT
        8.1.2 Thin Films
    8.2 Polymers
        8.2.1 PVDF
        8.2.2 PTF
    8.3 Composites
    8.4 Crystals
9. Piezoelectric Smart Materials Market – By Application (Market Size -$Million)
    9.1 Motors
    9.2 Sensors
    9.3 Transducers
    9.4 Actuators
    9.5 Transformers
    9.6 Fuel Injectors
    9.7 Others
10. Piezoelectric Smart Materials Market – By End Use Industry (Market Size -$Million)
    10.1 Automotive
        10.1.1 Passenger Vehicles
        10.1.2 Light Commercial Vehicles
        10.1.3 Heavy Commercial Vehicles
    10.2 Building and Construction
        10.2.1 Residential Construction
        10.2.2 Commercial Construction
        10.2.3 Industrial
        10.2.4 Infrastructure
    10.3 Aerospace and Defence
        10.3.1 Micro robotics
        10.3.2 Course-changing bullets
        10.3.3 Others
    10.4 Consumer Electronics
        10.4.1 Printers
            10.4.1.1 Dot-matrix printer
            10.4.1.2 Inkjet printer
        10.1.2 Speakers
            10.1.2.1 Cell phones
            10.1.2.2 Ear buds
            10.1.2.3 Sound-producing toys
            10.1.2.4 Others
        10.1.3 Buzzers
            10.1.3.1 PIN pads
            10.1.3.2 Wristwatch alarms
            10.1.3.3 Fire alarms
            10.1.3.4 Microwave ovens
            10.1.3.5 Computer Motherboards
            10.1.3.6 Others
        10.4.2 Others
    10.5 Healthcare
        10.5.1 Ultrasound imaging
        10.5.2 Ultrasonic procedures
        10.5.3 Others
    10.6 Musical Instruments
        10.6.1 Instrument pickups
            10.6.1.1 Acoustic-electric guitar
            10.6.1.2 Violins
            10.6.1.3 Violas
            10.6.1.4 Cello
            10.6.1.5 Others
        10.6.2 Microphones
    10.7 Others
11. Piezoelectric Smart Materials Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherland
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1Saudi Arabia
            11.5.1.2UAE
            11.5.1.3Israel
            11.5.1.4Rest of Middle East
        11.5.2 Africa
            11.5.2.1South Africa
            11.5.2.2Nigeria
            11.5.2.3Rest of South Africa
12. Piezoelectric Smart Materials Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Piezoelectric Smart Materials Market - Market Share AnalysisPremium
    13.1 Market Share at Global Level- Major companies
    13.2 Market Share by Key Region- Major companies
    13.3 Market Share by Key Country- Major companies
    13.4 Market Share by Key Application - Major companies
    13.5 Market Share by Key Product Type/Product category- Major companies
14. Piezoelectric Smart Materials Market - Key Company List by Country Premium Premium 
15. Piezoelectric Smart Materials Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

List of Tables

1 US Piezoelectric Smart Materials Market Size 2018
2 Canada Piezoelectric Smart Materials Market Share 2018
3 Brazil Piezoelectric Smart Materials Market Outlook 2019 - 2023
4 Mexico Piezoelectric Smart Materials Market Research 2018
5 Germany Piezoelectric Smart Materials Market Trends 2019 - 2023 
6 France Piezoelectric Smart Materials Market Growth 2019 - 2023 
7 UK Piezoelectric Smart Materials Market Demand 2019 - 2023 
8 Italy Piezoelectric Smart Materials Market Segmentation 2018
9 Russia Piezoelectric Smart Materials Market Analysis 2019 - 2023
10 China Piezoelectric Smart Materials Market Revenue 2019 - 2023
11 Japan Piezoelectric Smart Materials Market Volume 2019 - 2023
12 South Korea Piezoelectric Smart Materials Market Potential 2019 - 2023
13 India Piezoelectric Smart Materials Market Leaders 2018
14 Saudi Arabia Piezoelectric Smart Materials Market Forecast 2019 - 2023 
15 Kuwait Piezoelectric Smart Materials Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link