Piezoelectric Actuators Market Research Report 2021-2031
The Piezoelectric Actuators Market is expected to register a CAGR of 11.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Stack actuators, Flexure-guided and motion-amplified actuators , Stick-slip mini motor stages, and High speed ultrasonic motors), Application (Consumer Electronics, Automotive, and Healthcare). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Piezoelectric Actuators Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Piezoelectric Actuators Market Segmentation
Type- Stack actuators
- Flexure-guided and motion-amplified actuators
- Stick-slip mini motor stages
- High speed ultrasonic motors
- Consumer Electronics
- Automotive
- Healthcare
Strategic Insights
Piezoelectric Actuators Market Growth Drivers- Rising Demand for Precision and Miniaturization in Electronics: The increasing demand for miniaturized and precise devices across industries such as healthcare, consumer electronics, and robotics is driving the growth of the piezoelectric actuators market. These actuators offer high precision in small form factors, making them ideal for applications like micro-robots, hearing aids, and optical systems. The need for precise movement in compact devices supports the adoption of piezoelectric actuators.
- Advancements in Automotive Applications: Piezoelectric actuators are increasingly being adopted in the automotive industry due to their ability to provide precise control, fast response times, and minimal power consumption. Applications such as active suspension systems, fuel injection systems, and adaptive headlights benefit from the unique characteristics of piezoelectric materials. The growing trend of electric and autonomous vehicles further increases the demand for these actuators, boosting market growth.
- Rising Demand for Robotics and Automation: The growing adoption of robotics and automation in manufacturing, healthcare, and defense sectors is a significant driver of the piezoelectric actuators market. Piezoelectric actuators are ideal for applications requiring precise motion control, such as in robotic arms, prosthetics, and surgical robots. As industries seek to improve efficiency and precision through automation, the demand for piezoelectric actuators continues to rise, propelling market growth
- Integration with Smart Technologies and IoT: One of the significant trends in the piezoelectric actuators market is their integration with smart technologies and the Internet of Things (IoT). As IoT-enabled devices become more prevalent in industries such as healthcare, automotive, and manufacturing, piezoelectric actuators are increasingly being used for precise control in smart systems. This trend is driven by the need for real-time, remote-controlled adjustments in various applications, such as smart sensors and actuators in automated systems.
- Development of Multi-Functional Piezoelectric Actuators: A growing trend in the piezoelectric actuators market is the development of multi-functional actuators capable of performing a range of tasks simultaneously. For instance, actuators that combine sensing, actuation, and energy harvesting capabilities are gaining traction. These advanced actuators are increasingly used in applications like structural health monitoring, medical devices, and aerospace systems, where space and weight constraints require efficient, multifunctional solutions.
- Miniaturization and Flexibility in Piezoelectric Actuators: The trend toward miniaturization and flexibility in piezoelectric actuators is gaining momentum, especially in medical and consumer electronics. Flexible actuators are being developed for applications such as wearable devices, flexible displays, and implantable medical devices. These compact and lightweight actuators enable new applications in areas where traditional rigid actuators cannot perform, expanding their potential usage across various industries
- Growth in Healthcare and Medical Applications: The healthcare sector presents significant opportunities for the piezoelectric actuators market. These actuators are used in medical devices for applications like precise drug delivery systems, surgical robots, and diagnostic equipment. As medical technology continues to advance, particularly with minimally invasive procedures, the demand for piezoelectric actuators that offer high precision and reliability in small form factors is expected to rise, creating substantial growth opportunities.
- Increasing Use in Aerospace and Defense: The aerospace and defense industries are key sectors driving demand for piezoelectric actuators. These actuators are used in applications such as adaptive wings, precision targeting systems, and vibration control in aircraft and spacecraft. As these industries continue to seek more efficient, lightweight, and precise actuators, the piezoelectric actuator market will benefit from these advancements, leading to substantial opportunities in both commercial and military aerospace applications.
- Energy Harvesting and Environmental Monitoring Applications: Piezoelectric actuators are increasingly being used for energy harvesting and environmental monitoring applications. These actuators can convert mechanical energy from vibrations or movements into electrical energy, which can then be used to power sensors in remote locations. This technology is particularly useful in applications such as structural health monitoring, environmental sensors, and autonomous systems. The growing interest in sustainable energy solutions presents opportunities for piezoelectric actuators to be integrated into green energy projects and environmental monitoring systems
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Piezoelectric Actuators Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Piezoelectric Actuators Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Piezoelectric Actuators Market is estimated to witness a CAGR of 11.1% from 2023 to 2031
Increasing Demand for Precision Motion Control, Advancements in Medical Devices, Growth in Consumer Electronics
Shift toward Multi-Functional Actuators
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
- Piezoelectric Actuator Market - By Type
- Piezoelectric Actuator Market - By Application
- Piezoelectric Actuator Market - By Region
o By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PIEZOELECTRIC ACTUATOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. PIEZOELECTRIC ACTUATOR MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PIEZOELECTRIC ACTUATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. PIEZOELECTRIC ACTUATOR - GLOBAL MARKET OVERVIEW
6.2. PIEZOELECTRIC ACTUATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. PIEZOELECTRIC ACTUATOR MARKET REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STACK ACTUATORS
7.3.1. Overview
7.3.2. Stack actuators Market Forecast and Analysis
7.4. FLEXURE-GUIDED AND MOTION-AMPLIFIED ACTUATORS
7.4.1. Overview
7.4.2. Flexure-guided and motion-amplified actuators Market Forecast and Analysis
7.5. STICK-SLIP MINI MOTOR STAGES
7.5.1. Overview
7.5.2. Stick-slip Mini Motor Stages Market Forecast and Analysis
7.6. HIGH SPEED ULTRASONIC MOTORS
7.6.1. Overview
7.6.2. High Speed Ultrasonic Motors Market Forecast and Analysis
8. PIEZOELECTRIC ACTUATOR MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSUMER ELECTRONICS
8.3.1. Overview
8.3.2. Consumer Electronics Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. HEALTHCARE
8.5.1. Overview
8.5.2. Healthcare Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. PIEZOELECTRIC ACTUATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1. North America Piezoelectric Actuator Market Overview
9.1.2. North America Piezoelectric Actuator Market Forecasts and Analysis
9.1.3. North America Market Forecasts and Analysis - By Type
9.1.4. North America Market Forecasts and Analysis - By Application
9.1.5. North America Market Forecasts and Analysis - By Countries
9.1.5.1. US market
9.1.5.1.1. US Market by Type
9.1.5.1.2. US Market by Application
9.1.5.2. Canada market
9.1.5.2.1. Canada Market by Type
9.1.5.2.2. Canada Market by Application
9.1.5.3. Mexico market
9.1.5.3.1. Mexico Market by Type
9.1.5.3.2. Mexico Market by Application
9.2. EUROPE
9.2.1. Europe Piezoelectric Actuator Market Overview
9.2.2. Europe Piezoelectric Actuator Market Forecasts and Analysis
9.2.3. Europe Market Forecasts and Analysis - By Type
9.2.4. Europe Market Forecasts and Analysis - By Application
9.2.5. Europe Market Forecasts and Analysis - By Countries
9.2.5.1. France market
9.2.5.1.1. France Market by Type
9.2.5.1.2. France Market by Application
9.2.5.2. Germany market
9.2.5.2.1. Germany Market by Type
9.2.5.2.2. Germany Market by Application
9.2.5.3. Italy market
9.2.5.3.1. Italy Market by Type
9.2.5.3.2. Italy Market by Application
9.2.5.4. Russia market
9.2.5.4.1. Russia Market by Type
9.2.5.4.2. Russia Market by Application
9.2.5.5. UK market
9.2.5.5.1. UK Market by Type
9.2.5.5.2. UK Market by Application
9.2.5.6. Rest of Europe market
9.2.5.6.1. Rest of Europe Market by Type
9.2.5.6.2. Rest of Europe Market by Application
9.3. ASIA PACIFIC (APAC)
9.3.1. Asia Pacific Piezoelectric Actuator Market Overview
9.3.2. Asia Pacific Piezoelectric Actuator Market Forecasts and Analysis
9.3.3. Asia Pacific Market Forecasts and Analysis - By Type
9.3.4. Asia Pacific Market Forecasts and Analysis - By Application
9.3.5. Asia Pacific Market Forecasts and Analysis - By Countries
9.3.5.1. South Korea
9.3.5.1.1. South Korea Market by Type
9.3.5.1.2. South Korea Market by Application
9.3.5.2. China market
9.3.5.2.1. China Market by Type
9.3.5.2.2. China Market by Application
9.3.5.3. India market
9.3.5.3.1. India Market by Type
9.3.5.3.2. India Market by Application
9.3.5.4. Japan market
9.3.5.4.1. Japan Market by Type
9.3.5.4.2. Japan Market by Application
9.3.5.5. Australia market
9.3.5.5.1. Australia Market by Type
9.3.5.5.2. Australia Market by Application
9.3.5.6. Rest of APAC market
9.3.5.6.1. Rest of APAC Market by Type
9.3.5.6.2. Rest of APAC Market by Application
9.4. MIDDLE EAST AND AFRICA (MEA)
9.4.1. Middle East and Africa Piezoelectric Actuator Market Overview
9.4.2. Middle East and Africa Piezoelectric Actuator Market Forecasts and Analysis
9.4.3. Middle East and Africa Market Forecasts and Analysis - By Type
9.4.4. Middle East and Africa Market Forecasts and Analysis - By Application
9.4.5. Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.5.1. South Africa market
9.4.5.1.1. South Africa Market by Type
9.4.5.1.2. South Africa Market by Application
9.4.5.2. Saudi Arabia market
9.4.5.2.1. Saudi Arabia Market by Type
9.4.5.2.2. Saudi Arabia Market by Application
9.4.5.3. UAE market
9.4.5.3.1. UAE Market by Type
9.4.5.3.2. UAE Market by Application
9.4.5.4. Rest of MEA market
9.4.5.4.1. Rest of MEA Market by Type
9.4.5.4.2. Rest of MEA Market by Application
9.5. SOUTH AMERICA (SAM)
9.5.1. South America Piezoelectric Actuator Market Overview
9.5.2. South America Piezoelectric Actuator Market Forecasts and Analysis
9.5.3. South America Market Forecasts and Analysis - By Type
9.5.4. South America Market Forecasts and Analysis - By Application
9.5.5. South America Market Forecasts and Analysis - By Countries
9.5.5.1. Brazil market
9.5.5.1.1. Brazil Market by Type
9.5.5.1.2. Brazil Market by Application
9.5.5.2. Argentina market
9.5.5.2.1. Argentina Market by Type
9.5.5.2.2. Argentina Market by Application
9.5.5.3. Rest of SAM market
9.5.5.3.1. Rest of SAM Market by Type
9.5.5.3.2. Rest of SAM Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS & ACQUISITIONS
10.2. MARKET INITIATIVES
10.3. NEW DEVELOPMENTS
11. PIEZOELECTRIC ACTUATOR MARKET, KEY COMPANY PROFILES
11.1. ADVANCED CERAMETRICS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products & Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. APC INTERNATIONAL, LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products & Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AUSTRIAMICROSYSTEMS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products & Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CERATEC INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products & Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HEASON TECHNOLOGY LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products & Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MAD CITY LABS INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products & Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MORGAN ELECTROCERAMICS LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products & Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PRIOR SCIENTIFIC LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products & Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAMSUNG ELECTRO-MECHANICS CO LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products & Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SEIKO INSTRUMENTS INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products & Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Advanced Cerametrics Inc.
2. APC International, Ltd.
3. Austriamicrosystems Inc.
4. Ceratec Inc.
5. Heason Technology Ltd.
6. Mad City Labs Inc.
7. Morgan Electroceramics Ltd.
8. Prior Scientific Ltd.
9. Samsung Electro-Mechanics Co Ltd.
10. Seiko Instruments Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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