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Piezoelectric Actuator Market (Actuator Type - Multilayer Chip Actuators, Multilayer Actuators, Bulk Stacked Actuators, Amplified Actuators, Shear Actuators, and Benders; Application - Printer Heads, Positioners, Scientific Instruments, Optical Instruments, and Other Applications; End-use Industry - Medical, Automotive, Aerospace & Defense, Consumer Electronics, Manufacturing & Processing, and Other End-use Industries): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : August, 2020

  • Rep Id : ICT1456

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

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.

 

Market Insight

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 forecast period.

 

Segment Covered

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.

 

Companies Profiled:

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 CTS Corporation.

 

Report Highlights:

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.


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