Piezoelectric Ceramics Market size was valued at USD 1.7 billion in 2024 and is anticipated to surpass USD 3.2 billion by 2037, registering a CAGR of 5.5% during the forecast timeline i.e. 2025-2037. In 2025, the industry size of piezoelectric ceramics is evaluated at USD 1.8 billion.
The global market growth is reflecting an upward trajectory mainly due to the increasing requirement for advanced technologies. It is used across several industries, including sensors, actuators, ultrasound equipment, and vibration-damping applications. For instance, in February 2023, CTS Corporation acquired Maglab AG. The acquisition of Maglab AG increased its capabilities in electric vehicle sensors, which are widely applied in advanced piezoelectric ceramics for automotive applications.
Furthermore, piezoelectric ceramics market is booing due to the growing automotive industry wherein piezoelectric materials are applied to sensors, fuel injectors, and ADAS for enhanced vehicle performance and safety. For instance, in June 2024, CeramTec launched Sinalit, a silicon nitride substrate, at PCIM Europe. Its extended portfolio is now applied to the automotive industry, supporting the customization of power modules for e-mobility and vehicle electrification. This is coupled with the expansion of healthcare devices in the scope of diagnostic imaging and ultrasound technology, which are further propelling the market growth. The market is growing steadily with continuous technological progress and the ever-growing industries adopting smart materials for precise and efficient systems.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.5% |
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Base Year Market Size (2024) |
USD 1.7 billion |
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Forecast Year Market Size (2037) |
USD 3.2 billion |
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Regional Scope |
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Type (Lead Zirconate Titanate, Non-Lead Piezoelectric Ceramics, Single Crystal Piezoelectric Ceramics, Polymer-Based Piezoelectric Ceramics)
The lead zirconate titanate segment is likely to account for piezoelectric ceramics market share of around 37.2% by 2037. This growth is primarily due to its excellent piezoelectric properties that entail high sensitivity and efficiency in an extensive array of applications. For instance, in July 2023, TDK Corporation introduced two new piezo actuators made of RoHS-compliant lead zirconate titanate (PZT), the COM30S5 (B58004M4030A020) and COM45S5 (B58004M4040A020). They are characterized by an extraordinary dynamic range, a high force-to-volume ratio, and precision in the nanometer range. PZT is preferred for industry applications where precision and reliability are of paramount importance due to superior electromechanical coupling and stability.
Application (Electronics and semiconductors, Automotive and transportation, Healthcare and medical devices, Industrial manufacturing and automation, Consumer electronics, Aerospace and defense)
The electronics and semiconductor segment of the piezoelectric ceramics market is expected to be exponentially growing due to the increasing demand for miniaturized, high-performance components in advanced electronic devices. Critical to the enhancement of device function and performance is their ability to convert mechanical energy into electric signals with high efficiency. For instance, in November 2020, CeramTec, expanded existing production capabilities to satisfy the increasing demand for high-quality piezoelectric elements and materials. Piezoelectric ceramics continue to be in demand as the industry of electronics evolves according to its drift toward smarter and more compact devices.
Our in-depth analysis of the market includes the following segments:
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Type |
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Application |
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End use |
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Asia Pacific Market Statistics
Asia Pacific in piezoelectric ceramics market is set to hold over 48.1% revenue share by the end of 2037. The growth in this sector will continue to thrive due to its well-developed manufacturing sector. In addition, advanced production capabilities along with significant investments in technology and innovation make the Asia Pacific, a global leader in terms of the development and application of piezoelectric ceramics.
China in its increased focus on technological innovation and robust supply infrastructure propels the piezoelectric ceramics market growth. For instance, in February 2024, a research team from the Faculty of Electronic and Information Engineering, at Xi'an Jiaotong University, proposed the design concept of piezoelectric metasurfaces, offering a new approach for multifunctional piezoelectric driving methods.
The stronghold of India in piezoelectric ceramics market with its strategic focus on technological innovation and low-cost production capabilities, has every credential to become a global leader. For instance, in May 2021, IIT Bombay researchers proposed a new piezoelectric material., dubbed graphene-reinforced piezoelectric composite (GRPC). It has fibers of PZT-lead zirconate titanate, a piezoelectric material - and graphene nanoparticles embedded in an epoxy base.
North America Market Analysis
The piezoelectric ceramics market in North America is expected to be one of the emerging regions in the future, driven by 2037. A high level of investment and advanced technological infrastructure in the region shows a direct demand for high-performance piezoelectric materials for applications in medical devices, sensors, and actuators. As these industries grow, the demand for high-precision and efficient piezoelectric ceramics increases, thus propelling North America to be the fastest-growing position for market growth.
With a mature research and development-friendly ecosystem, the U.S. has continuously witnessed advancements in market, which continues to drive demand in applications requiring high-performance ceramics. In addition, the adoption of piezoelectric ceramic in capacitors, data storage devices, and optoelectronic devices are booming in the country. Moreover, focus of the strong key players in the market on frontier technologies ensures the U.S. maintains its competitiveness in the global piezoelectric ceramics market.
The expansions by companies in Canada in sustainable technologies as well as precision machinery are also a big propellant driving the position of high-performance piezoelectric ceramics in the global market. For instance, in March 2021, Sensor Technology Ltd announced expansion plans with the addition of a new manufacturing facility located in Dartmouth, Nova Scotia, Canada. This will support the piezoceramic manufacturing part of the business which supports the manufacture of hydrophones and transducers.
The companies in the piezoelectric ceramics market are continuously making efforts to revolutionize the market activities. They are emphasizing research and development, along with enhancing manufacturing capabilities globally to ensure competitiveness. For instance, in May 2023, CeramTec launched Rubalit ZTA, a high-tech ceramic substrate with solutions specifically designed to be used in highly electrified and e-mobility industries. These innovations transform the landscape of customer experience and quality while accessing applications of piezoelectric polymers in various industries.
Here's the list of some key players:
Author Credits: Rajrani Baghel
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