Overview:

Piezoelectric sensor is a device capable of detecting pressure changes, temperature variations along with deviations in forces by utilizing the mechanism of piezoelectric effect. Increasing demand for highly accurate pressure sensors from inferior application verticals such as diesel fuel injectors and solar equipment, augmenting the growth of piezoelectric sensors market worldwide. Growing adoption of smart devices such as smartphones, ultrasound imaging and smart watches among others reported as one of the most prominent factors further influencing the piezoelectric sensors market growth.  Moreover, surging wireless sensing network along with IoT developments are some more factors proliferating the demand for piezoelectric sensors worldwide.

Growing popularity of piezoelectric sensors encouraged government and research institutes to invest in R&D for more innovative products. In October 2017, MIT research institute introduced flexible piezoelectric sensors to detect movements in gastrointestinal tract. These sensors are highly demanded in healthcare sector to identify and diagnose gastrointestinal disorders. Such product developments creating huge opportunity for piezoelectric sensors market growth. Product development through material quality enhancement is observed as one of the highly adopted strategies in overall piezoelectric sensors market.

Piezoelectric sensors market segmented on the basis of applications into industrial & manufacturing, automotive, healthcare along with telecom and aerospace among others. Industrial & manufacturing sector accounted for highest market share owing to increasing industrialization and urbanizations across different geographical regions. Piezoelectric sensors performs important role in several stages of manufacturing processes, thus set increasing demand in manufacturing & industrial sector. Automotive sector further observed as highly emerging segment owing to increasing market penetration of premium cars.

Asia Pacific expected to hold highest market share in the global piezoelectric sensors market, followed by Europe and North America. Increasing adoption of portable electronics technology along with the growth in IT and telecom market ensures piezoelectric sensors market growth in Asia Pacific region. Increasing industrialization and urbanizations coupled with rising demand for premium cars together ensured Asia Pacific to lead global piezoelectric sensors market. 

Major drivers for piezoelectric sensors market:

• Growing applications in semiconductor industries
• Growing adoption of smart devices
• Development in pressure sensing technology
• Increasing demand for accurate pressure sensors  
• Automation in industrial processing

Major restraints of piezoelectric sensor market:

• High Cost
• Availability of cheaper and more accurate sensors

Key players identified in piezoelectric sensor market include but are not limited to:

Competitive analysis and profiles of the major piezo sensor market players, such as Morgan Advanced Materials, Piezomechanik GmbH, APC International Ltd., Us Eurotek, Inc., Piezosystem Ceramtec GmbH, Exelis, Inc., Honeywell International Inc., Piezo Solutions, Jena GmbH, MAD City LabsInc., Physik Instrument and Others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Piezoelectric Sensors market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Piezoelectric Sensors market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Piezoelectric Sensors market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Piezoelectric Sensors market?
• Which is the largest regional market for Piezoelectric Sensors market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Piezoelectric Sensors market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Piezoelectric Sensors market worldwide?