Piezoelectric Ceramics Market Size

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.