Future trends of Piezoelectric Devices Market

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MarketsandMarkets Presents
Piezoelectric Devices Market worth USD
27.24 Billion USD by 2020
http//www.marketsandmarkets.com/Market-Reports/pi
ezoelectric-devices-market-256019882.html
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• According to the new market research
  report "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", on piezoelectric devices, the
  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 driving
  factors for the growth of this market include
  increasing demand for piezoceramic devices,
  increased funding from governments and investors,
  emerging energy harvesting techniques, recovering
  automotive sector, and growing popularity of
  miniaturization technology.
• Get more information
• http//www.marketsandmarkets.com/Market-Reports/pi
  ezoelectric-devices-market-256019882.html

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• Piezoceramic material was the biggest segment in
  terms of market size in 2014
• Piezoceramics are the most widely used and
  commercially accepted piezoelectric materials as
  they exhibit larger displacements or induce
  larger electric voltages than other conventional
  ceramic materials such as quartz, berlinite, and
  topaz. In addition, piezoceramic materials are
  cost effective and can be easily tailored to meet
  the requirements of specific applications.
  Therefore, piezoceramics is the most preferred
  material for manufacturing piezoelectric devices.
  Due to these properties, piezoceramic materials
  held the largest market in 2014.
• Piezoelectric actuator devices expected to
  dominated the piezoelectric devices market during
  the forecast period
• Piezoelectric actuators offer benefits in terms
  of speed, size, reliability, resolution, and
  vacuum compatibility. In addition, emerging
  applications of piezo actuators in micro-actuator
  medical tools for minimally invasive surgery,
  micro-grippers in manufacturing microsized
  objects such as stents, and high temperature
  actuators for diesel injector valves in
  automobiles are expected to propel the growth of
  the piezoelectric actuators market.

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• The industrial manufacturing segment expected
  to dominate the piezoelectric devices market
  during the forecast period
• The piezoelectric devices market for industrial
  manufacturing applications is a fairly mature
  market, which holds the largest share among all
  the other piezo applications. Piezoelectric
  motors, sensors, actuators, and transducers have
  a variety of significant uses in industrial
  processes. The demand for high accuracy,
  miniaturization, and precision in the
  manufacturing industry is driving the market for
  piezoelectric devices.
• The market in APAC expected to grow at the
  highest CAGR during forecast period
• APAC is expected to hold the largest share of the
  piezoelectric devices market by 2020. APAC is the
  largest producer of piezocrystals as it produces
  around 2 billion piezocrystals annually. These
  piezocrystals have applications in consumer
  electronics. The market in APAC comprises
  developing economies such as China and India,
  which have huge potential for piezoelectric
  device applications. Some of the major factors
  that drive the demand for piezoelectric
  technologies in APAC are increase in adoption of
  portable electronics technology and growth in the
  digitalization and information and communication
  markets. The increasing demand for piezoelectric
  devices from the medical sector in APAC is also
  expected to propel market growth.

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