"Piezoelectric Devices Market - Global Trend & Forecast to 2020" Published
Fast Market Research recommends "Piezoelectric Devices Market - Global Trend & Forecast to 2020" from Markets and Markets, now available
[USPRwire, Tue Jan 12 2016] Piezoelectric Devices Market by Material (Piezoceramic, Piezopolymer, Piezocomposite), Product (Actuators, Transducers, Motors, Sensors, Generators), Application (Industrial, Automotive, Medical, Consumer) & Geography - Global Trend & Forecast to 2020
"The piezoelectric actuators market is expected to witness a significant growth in the coming years owing to the increasing demand for ultra-precision positioning devices."
The piezoelectric devices market is expected to reach USD 27.24 billion by 2020 from USD 20.35 billion in 2015, growing at a CAGR of 6.01% between 2015 and 2020. The increasing demand for piezopolymers and composite materials; emerging applications of piezo devices such as low-power and portable-energy sources in the medical sector and structural health monitoring, computer disk drives, robotics, accelerometers in cellphones, and notebooks in the consumer sector; increase in funding from investors and governments; and emerging applications of piezoelectric energy harvesting devices are expected to drive the piezoelectric devices market during the forecast period.
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"Increasing demand for ceramic-polymer composite material is driving the piezoelectric devices market."
Piezoelectric ceramic-polymer composites offer design versatility and performance advantages over both single-phase ceramic and polymer piezoelectric materials used in both sensing and actuating applications. Piezoelectric ceramics are widely accepted as they offer high piezoelectric activities and permittivity and the ease of fabricating materials into various sizes and shapes, including sheets of different sizes, cylinders, bars, and plates.
"Piezoelectric actuators and motors are expected to hold the largest share of the piezoelectric devices market."
The global piezoelectric actuators and motors market is expected to witness a significant growth during the forecast period owing to the benefits like reliability and cost effectiveness offered by piezoelectric actuators and motors. The increase in demand for ultra-precision motion devices used in industries such as manufacturing, structural health monitoring, non-destructive testing, automotive, and consumer electronics is expected to drive the market in the coming years. The piezoelectric actuators market has possibilities to grow in the areas of autofocus assemblies required in phone cameras, fuel injectors used in the automotive sector, and precision-movement applications in microelectronics production.
"Industrial & manufacturing applications are likely hold the largest share of the piezoelectric devices market."
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