Piezoelectric Materials Market

• Growing need from aerospace & defense industry is driving the market growth

The application of piezoelectric materials in the aerospace industry aids in controlling and directing airflow across an aircraft's wings during takeoff and landing. In addition, these materials have a reputation for resolving common aviation issues like vibration from the engine, loud cabin noise, ice buildup on the wings, turbulence-induced flow separation, and chilled control surfaces. A global requirement for new airplane deliveries exceeds 41,170, according to the Boeing Commercial Market Outlook 2022–2041. 

Given that over 30,880 aircraft will be required over the course of the next 20 years, single-aisle aircraft are expected to account for the greatest portion of new deliveries—more than 72%. Furthermore, it is anticipated that the demand for freighters will be 940, while the need for widebody airplanes will be 7,230. As air travel in established and emerging markets continues to climb, airline operators are expected to expand their fleets and replace their older aircraft with more fuel-efficient models. As the number of aircraft shipments rises, production activities in the industry are predicted to rise as well.

This will raise the need for innovative materials to lessen noise and vibration, which will expand the use of piezoelectric smart materials worldwide. As a result, the demand for piezoelectric materials is anticipated to rise in the forecast period due to the aircraft industry's strong global growth.

The budgets of nations like Japan, China, the United States, Israel, and India for defense have all expanded dramatically in recent years. To improve the capabilities of their armed forces, these nations make significant investments in the development of drones, radars, and missile guidance systems.  

Additionally, as space research efforts have increased, so has the use of instruments like sensors, SONARs, and acoustic devices to study space objects and related habitats. Special piezoelectric materials are needed for these devices in order to detect even the smallest changes in their range, withstand adverse environments, and produce precise and reliable findings. The need for these materials is anticipated to fuel the expansion of the worldwide piezoelectric materials market over the forecast period, especially as private space organizations like SpaceX begin offering space exploration services.

Manufacturing lines are becoming more automated as a result of pressure from end-use industries like electronics and autos. In order to maintain a smooth manufacturing line, this pressure has raised the demand for components like motors, transducers, actuators, and sensors. With businesses becoming more and more reliant on automation, there will likely be a significant increase in demand for piezoelectric materials, as these devices utilize their capabilities to monitor a range of parameters, including strain, acceleration, pressure, and acoustic intensity. Thus, driving the piezoelectric materials market revenue.

The Global Piezoelectric Materials Market Industry experiences a notable surge in demand driven by the consumer electronics sector. With the proliferation of smart devices, the need for compact and efficient sensors is paramount. Piezoelectric materials are integral in applications such as microphones, speakers, and touchscreens, enhancing device performance. In 2024, the market is projected to reach 1.73 USD Billion, reflecting the increasing integration of these materials in everyday electronics. As technology advances, the trend towards miniaturization and improved functionality in consumer electronics is likely to propel further growth in the Global Piezoelectric Materials Market Industry.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American piezoelectric materials market area will dominate this market. The U.S. is anticipated to experience rise in piezoelectric materials during the forecast period due to a number of factors, including increased demand for minimally invasive operations, expanding access to sophisticated healthcare infrastructures, and growing availability of innovative implants. Piezoelectric materials are also in greater demand in the nation due to the growing wind energy, aerospace, and automobile sectors.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: PIEZOELECTRIC MATERIALS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe piezoelectric materials market accounts for the second-largest market share because the region's developing nations' industrial and manufacturing sectors are growing and because technology advancements are still occurring. Furthermore anticipated to encourage the use of piezoelectric materials in Europe is a growth in military spending by the governments of Germany, the United Kingdom, and Russia. The market in this area has also grown as a result of the region's expanding population and the presence of large industries.

Further, the German piezoelectric materials market held the largest market share, and the UK piezoelectric materials market was the fastest growing market in the European region

The Asia-Pacific Piezoelectric Materials Market is expected to grow at the fastest CAGR from 2024 to 2032 because governments are putting more effort into developing their manufacturing sectors in developing nations, more people are becoming aware of the need to adopt energy harvesting systems to preserve natural resources and cut down on energy waste, and more foreign capital is pouring money into the manufacturing and industrial sectors of developing nations like China and Japan. Moreover, China’s piezoelectric materials market held the largest market share, and the Indian piezoelectric materials market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the piezoelectric materials market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, piezoelectric materials industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global piezoelectric materials industry to benefit clients and increase the market sector. In recent years, the piezoelectric materials industry has offered some of the most significant advantages to medicine. Major players in the piezoelectric materials market are attempting to increase market demand by investing in research and development operations includes PI Ceramic GMBH; APC International, Ltd.; Harris Corporation; CTS Corporation; Peizosystem Jena GmbH; CeramTec; Sparkler Ceramics; Noliac A/S; Piezomechanik Dr. Lutz Pickelmann GmbH; Mad City Labs, Inc.

The United States-based Harris Corporation was a defense contractor, information technology services provider, and manufacturer of wireless equipment, tactical radios, electronic systems, night vision equipment, and terrestrial and spaceborne antennas for use in the public and private sectors of the economy. They were experts in electronic warfare, microwave weapons, and surveillance systems.

Noliac A/S creates, develops, and produces piezoelectric goods. In addition to contract research services, the company sells piezo materials, components, generators, actuators, sensors, transducers, and transformers. Noliac provides services to academic institutions, researchers, and engineers globally. Improvements in the field of materials science have led to the creation of materials for certain uses, which was not previously achievable with the usage of traditional materials like metals, glass, ceramics, polymers/plastics, and glass.