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Piezoelectric Sensors Market

Piezoelectric Sensors Market

Piezoelectric Sensors Market

Piezoelectric Sensors Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Piezoelectric Sensors Market Overview

Piezoelectric sensors are the sensors capable of measuring temperature variations or pressure changes and also deviation in forces by taking advantage of mechanism of piezoelectric effect. Different materials used for segmentation of piezoelectric sensors are Piezoelectric Polymer, Piezoelectric Composites, Piezoelectric Ceramics, and Piezoelectric Crystals.

PZT sensors are manufactured & designed to meet most commercial specifications and these sensors are used to measure the mechanical deformation or the generated electric charge. PZT sensors can apply maximum pressure of thousand psi and the voltage measurement can range up to five volts.

These piezoelectric sensors include an extensive range of linearity over the dynamic range, ability to work independently of external power, low output noise, frequency, and ability to integrate acceleration signals to provide displacement and velocity. These unique features of PZT sensors are fueling the demand and hence fetching the growth of global piezoelectric sensors market.

Global PZT sensors market is rising due to the wide array of applications of piezoelectric accelerometers (type of PZT sensors) in vehicle stability control, measuring aftershocks and earthquakes, airbag operations in cars, image stabilization in camcorders, depth of CPR chest compression, advanced gaming experience like PlayStation 3, and others.

Impact of COVID-19 Pandemic Outbreak on Piezoelectric Sensors Market

Owing to the spread of novel coronavirus, the semiconductor industry faced many problems with production and supply chain issues. As a result manufacturing plants are closing operation in Asian countries as well as there is unstable flow of resources from supplies in Asia. Thus the growth of PZT sensor has dropped over last few quarters, due to COVID-19 outbreak.

In addition the pandemic outbreak has negatively affected the manufacturing as well as automotive, electronics and few other industrial sectors. As major applications of PZT sensors are in automotive and industrial manufacturing sectors, the market declined by almost 5%, owing to the lockdowns enforced by the governments. However, the market are opening back and the PZT sensor market is anticipated to gain its momentum back by the end of Q1 2021.

Piezoelectric Sensors Market: Drivers

Stringent Safety Regulations and Standards of the Governments Are Boosting the Demand

Recent modifications of the governments of many countries in automotive safety standards made it mandatory for all the passenger vehicles to be equipped with vehicle stability control systems. The vehicles manufactured for sale in the U.S. need to include the stability control system compulsorily.

Accuracy and reliability of PZT sensors is a critical component for any stability control system. The automobile industry in the United States is highly developed and hence is significantly boosting the growth of piezoelectric sensors market in the globally.

Extensive Use in the Aerospace Industry Is Stimulating the Growth

The comprehensive range of applications of PZT sensors in the aviation and aerospace industry is propelling growth of the market. The variety of features like temperature stability, ruggedness, frequency response, adaptability, and various electrical characteristics enables the aerospace industry to utilize the PZT sensors for diverse functional needs.

The typical applications of PZT sensors in aerospace industry comprise of shock tube instrumentation, wind tunnel testing, and modal testing. The piezoelectric sensors are also used in ejection systems, landing gear hydraulics as well as rocketry among others.

Piezoelectric Sensors Market: Competition Landscape

Examples of some of the market participants in the global piezoelectric sensors market identified across the value chain include

  • Morgan Advanced Materials
  • Piezomechanik GmbH
  • APC International Ltd.
  • Us Eurotek, Inc.
  • Piezosystem Ceramtec GmbH
  • Exelis, Inc.
  • Honeywell International Inc.
  • Piezo Solutions
  • Piezo Systems, Inc.
  • Jena GmbH
  • MAD City LabsInc.
  • Physik Instrument and others.

Following are some key developments and strategies in the global piezoelectric sensors market:

  • In October 2017, MIT Research Institute developed flexible PZT sensors capable of detecting movements in gastrointestinal tracts.

Piezoelectric Sensors Market: Regional Outlook

North America is holds dominant share of the global piezoelectric sensor market, owing to the presence of key players in this region. Moreover, piezoelectric sensor market in Europe is anticipated to grow at significant rate owing to the increasing demand for electronic gadgets and premium automobile in this region.

There is an increase in demand of piezoelectric sensors in Asia Pacific and Middle East and Africa region, owing to the increasing requirement for continuous monitoring and measuring in different industries.

The piezoelectric sensors market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:

  • Piezoelectric Sensors Market Segments
  • Piezoelectric Sensors Market Dynamics
  • Piezoelectric Sensors Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Technology Landscape
  • Value Chain of the Market
  • Market Drivers and Restraints

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia and Pacific (India, Malaysia, Indonesia, Singapore, Australia & New Zealand, Rest of South Asia and Pacific)
  • Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

Report Highlights:

  • Detailed overview of parent Piezoelectric Sensors market
  • Changing Piezoelectric Sensors market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Piezoelectric SensorsMarket
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Piezoelectric Sensors Market: Segmentation

The piezoelectric sensors market can be segmented on the basis of type, application and region.

By type :

By application:

  • Aerospace
  • Automotive
  • Healthcare
  • Industrial Manufacturing
  • Others

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