Piezoelectric Sensor Market Share

North American Market Forecast

By the end of 2036, North American region is expected to dominate around 35% piezoelectric sensor market share. Given the growing aerospace and automotive sectors in this region, North America is expected to account for a significant part of the piezoelectric sensors market. The growth of the market is driven by North America's advanced manufacturing capabilities in the car industry.

Moreover, to meet safety and efficiency requirements, the adoption of smart sensing technologies in various sectors is increasing. In addition, strategic acquisitions which also contribute to regional market growth are being pursued by key players such as CTS Corporation to expand their sensor portfolio. The TEWA temperature sensor was purchased by CTS Corporation, a leading manufacturer of piezoelectric sensors, on March 22, 2022. In the region, it benefits from innovation and growth.

APAC Market Statistics

The Asia Pacific piezoelectric sensor market is set to hold a notable revenue share during the period 2024-2036. The automation of industrial systems and medical instruments in the region is leading to an increasing market. Increased safety regulations proposed by governments in China, Japan, and South Korea have also contributed to growth in the Asia Pacific region.

The drafting of legislation requiring vehicle owners to install electronic stability systems to improve the safety and efficiency of their vehicles is underway in emerging economies such as India, China, or South Korea.