A recent report published by Infinium Global Research on
piezoelectric actuator market provides an in-depth analysis of segments and
sub-segments in the global as well as regional piezoelectric actuator market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional piezoelectric actuator market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecasts, and dollar values of the global piezoelectric actuator market.
According to the report, the global piezoelectric actuator market is projected
to grow at a CAGR of 4.2% over the forecast period of 2020-2026.
Robust control concepts are becoming a key component in the industrial environment. The piezoelectric actuator is a
device that features high response speed, high displacement accuracy, and high
force generation. It has mainly been functional in industrial machinery
that requires precise position control. At present, it has several applications
in several end-use industries including, automotive, healthcare, electronics,
manufacturing, and aerospace & defence, among others. Based on the analysis
of Infinium Global Research, the short-term impact of COVID 19 is expected to
cause a decline in the annual growth rate of the piezoelectric actuator in the automotive industry.
It is estimated that the piezoelectric actuator is having a steady
demand from the healthcare sector for the period of the COVID-19 event.
Additionally, the ongoing coronavirus pandemic forcing the government to impose
a lockdown to help curb the spread of the virus, market players should focus on
lucrative opportunities in the healthcare sector to minimize losses. Currently,
as the entire world is primarily focused on containing the virus, non-essential
services are delayed during 2020. However, the COVID-19 outbreak will lead to a
decline in uptake from other sectors and cause a fall in the profitability of
the companies operating in the piezoelectric actuator in 2020. An overall sale of the piezoelectric actuator market is anticipated to be a decline in 2020,
nonetheless, sales are likely to gain pace in the second quarter of 2021.
The increasing application of piezoelectric actuators in the
healthcare industry drives the growth of the market. It has a wide range of
applications in the medical devices and equipment includes surgical devices,
microdose dispensers, laser beam steering devices, 3D scanners, nano-liter, and
micro-liter pumps. They are also used in drug delivery and material handling.
Apart from this, the automotive industry is another crucial industry for piezoelectric
actuators. Piezoelectric technologies are being used in, fuel injectors,
sensors, and several safety systems across the automobile sectors. Furthermore,
Growing demand from aerospace and defense sectors is another factor augmenting
the growth piezoelectric actuator market over the forecast period.
However, the size of the piezoelectric actuator is large, as they
require high operating voltage resulting leads to a loss of efficiency is
expected to have a negative impact on the market. Furthermore, players
operating in the global piezoelectrics actuator market are focusing on
improving the design and overall properties of their product to gaining market
position. Furthermore, manufacturers are also concentrating on the different
types of piezoelectric actuators based on the application and requirements of
their consumers. That, in, turn, creates immense growth opportunities for the
piezoelectrics actuator market in the coming years. Additionally, increasing
inclination towards the new piezoelectric materials, the development in
piezoelectric technologies, and growth in research and development activities
are expected to have a positive impact on the market growth in the coming years.
Among the geographies, North America is expected to hold the
largest share in the global piezoelectric actuators market over the forecast
period owing to the strong presence of the healthcare and automotive industry.
The growth of Europe piezoelectric actuators is driven by technological
advancement. The Asia Pacific is registered as the fastest growth rate in this market
owing to the increasing demand from the automotive sectors in countries such as
China, India, and Japan. The middle and Africa and Latin America are expected
to be steady growth in the piezoelectric actuator market thought-out the
The report on the global piezoelectric actuator market covers segments
such as actuator type, application, and end-use industry. On the basis of
actuator type, the sub-markets include multilayer chip actuators, multilayer
actuators, bulk stacked actuators, amplified actuators, shear actuators, and
benders. On the basis of application, the sub-markets include printer heads,
positioners, scientific instruments, optical instruments, and other
applications. On the basis of the end-use industry, the sub-markets include
medical, automotive, aerospace & defense, consumer electronics,
manufacturing & processing, and other end-use industries.
The report provides profiles of the companies in the market such
as Piezomechanik Dr. Lutz Pickelmann GmbH, Physik Instrumente (PI) GmbH &
Co. KG, PCBMotor ApS, NGK Insulators, Ltd., Tokin Corporation, Murata
Manufacturing Co., Ltd, Kinetic Ceramics, Johnson Matthey, TDK Corporation, and
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of piezoelectric
actuator market. Moreover, the study highlights current market trends and provides
forecast from 2020-2026. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.