Global Piezoelectric Actuators And Motors Market Size To Exceed USD 37228.36 Million By 2033 | CAGR Of 8.2%
Category: Semiconductors & ElectronicsGlobal Piezoelectric Actuators And Motors Market Size To Exceed USD 37228.36 Million By 2033 | CAGR Of 8.2%
According to a research report published by Spherical Insights & Consulting, the Global Piezoelectric Actuators And Motors Market Size is Expected to Grow from USD 16935.65 Million in 2023 to USD 37228.36 Million by 2033, at a CAGR of 8.2% during the forecast period 2023-2033.
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Browse key industry insights spread across 235 pages with 100 Market data tables and figures & charts from the report on the "Global Piezoelectric Actuators And Motors Market Size, Share, and COVID-19 Impact Analysis, Product (Piezo Motors and Piezo Actuators), By Application (Automotive, Industrial and Manufacturing, Consumer Electronics, Medical, Aerospace, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/piezoelectric-actuators-and-motors-market
The global piezoelectric actuators and motors market is driven by the mounting need for accuracy and high-performance motion control in numerous industries. Piezoelectric actuators and motors that transform electrical power into mechanical movement through piezoelectric material are vital for applications where fast and accurate motion is necessary, including in robots, aerospace, automotive, and medical devices. These devices are most crucial in those applications where high resolution, small size, and low power are essential. Increasing usage of automation in manufacturing operations and microelectronics development is anticipated to further spur the demand for piezoelectric motors and actuators. Various advantages provided by piezo motors and actuators like eliminating the requirement of gear reduction and high speed are also anticipated to contribute positively towards market growth. However, the production process for piezoelectric motors and actuators is complex and technologically demanding, involving specialized machinery and highly skilled personnel. This results in potentially increased production costs as well as increased lead times.
The piezo actuators segment accounted for the largest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.
On the basis of product, the global piezoelectric actuators and motors market is divided into piezo motors and piezo actuators. Among these, the piezo actuators segment accounted for the largest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segment growth is due to the increasing use of piezoelectric actuators in precision motion control systems, increasing significance in high-frequency switches and industrial automation, increasing demand for piezoelectric actuators in aerospace, and increasing technological advancements in the piezoelectric effect are likely to enhance the growth of the market throughout the forecast period.
The industrial and manufacturing segment accounted for the significant revenue share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of application, the global piezoelectric actuators and motors market is divided into automotive, industrial and manufacturing, consumer electronics, medical, aerospace, and others. Among these, the industrial and manufacturing segment accounted for the significant revenue share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth in segment is due to the increasing demand for high-precision and high-performance actuators and motors in various industrial applications. These applications include automation systems, robotics, precision machinery, and process control, all of which require the advanced motion capabilities that piezoelectric technology provides.
North America is anticipated to hold the largest share of the global piezoelectric actuators and motors market over the predicted timeframe.
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North America is anticipated to hold the largest share of the global piezoelectric actuators and motors market over the predicted timeframe. The growing demand for smaller and more compact technology is fueling the demand for miniaturized motors and actuators. Moreover, as there is a greater focus on energy-saving solutions, most industries in the region are introducing strategies in each segment of the factory operations of the electro-mechanical industry, which is boosting the piezo-electric component market.
Europe is expected to grow at a substantial CAGR in the global piezoelectric actuators and motors market during the forecast period. The regional growth is driven by several factors, including the region's increasing demand for precision devices, advancements in industrial automation, and the rising need for high-performance materials across industries such as automotive, aerospace, healthcare, and robotics.
Major vendors in the global piezoelectric actuators and motors market are AAC Technologies Holdings Ltd., Alps Alpine Co. Ltd., ams AG, APC International Ltd., CTS Corp., Johnson Electric Holdings Ltd., Johnson Matthey Plc, Murata Manufacturing Co. Ltd., Piezosystem Jena GmbH, TDK Corp., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2024, Researcher from Centre for Nano and Soft Matter Sciences (CeNS), Bangalore, declared the partnership with National Chemical Laboratory (CSIR-NCL), to create piezoelectric polymer nanocomposite material that may be beneficial for pressure sensing and energy harvesting purposes. This advancement was grounded in the discovery that metal oxide nanomaterials exhibiting suitable crystal structures and surface characteristics, when incorporated as fillers in a polymer composite, resulting in a notable improvement in the piezoelectric response.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global piezoelectric actuators and motors market based on the below-mentioned segments:
Global Piezoelectric Actuators And Motors Market, By Product
- Piezo Motors
- Piezo Actuators
Global Piezoelectric Actuators And Motors Market, By Application
- Automotive
- Industrial and Manufacturing
- Consumer Electronics
- Medical
- Aerospace
- Others
Global Piezoelectric Actuators And Motors, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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