Precision Business Insights has published a report on the global piezoelectric materials market, estimating its value at USD 1,814.0 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/piezoelectric-materials-market
Piezoelectric materials are substances that generate an electric charge when subjected to mechanical stress and vice versa. This property is known as the piezoelectric effect. These materials are widely used in various industries, including automotive, healthcare, aerospace, and telecommunications, for applications such as sensors, actuators, motors, and acoustic devices.
Drivers:
1)Growing Aerospace Industry: The aerospace sector's need for materials that can reduce noise, and vibration is driving the adoption of piezoelectric materials.
2) Technological Innovations: The development of advanced piezoceramics and piezopolymers is expanding their use in modern technologies.
The global piezoelectric materials market segmentation:
1) By Material Type: Ceramics, Polymers, And Composites
2) By Application: Sensors, Actuators, Transducers, and Others
3) By End-Users: Automotive, Healthcare, Information and Telecommunication, Consumer Goods, Aerospace & Defences, And Other
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Regional Overview:
The report also examines the current concerns and their Future Effects on the piezoelectric materials market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the piezoelectric materials market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
North America (U.S., Canada)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like arkema, kyocera, solvay, aac technologies, pi ceramic gmbh, apc international, ltd., harris corporation, cts corporation, tdk electronics ag, trs technologies, inc., meggitt sensing, morgan advanced materials, ceramtec, physik instrumente (pi), sparkler ceramics pvt. ltd., konghong corporation
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