Global Piezoelectric Actuators And Motors Market Size, Share, and COVID-19 Impact Analysis, By 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

Global Piezoelectric Actuators And Motors Market Insights Forecasts to 2033

• The Global Piezoelectric Actuators And Motors Market Size was Estimated at USD 16935.65 Million in 2023
• The Market Size is Expected to Grow at a CAGR of around 8.2% from 2023 to 2033
• The Worldwide Piezoelectric Actuators And Motors Market Size is Expected to Reach USD 37228.36 Million by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Piezoelectric Actuators And Motors Market Size was worth around USD 16935.65 Million in 2023 and is predicted to Grow to around USD 37228.36 Million by 2033 with a CAGR of approximately 8.2% between 2023 and 2033. The market is poised for Growth owing to increasing demand for high volume and low-cost autofocus assemblies postulated in phone cameras. 

Market Overview

Global piezoelectric actuators and motors are used for their high accuracy, fast response time, and low power consumption in applications across multiple domains like medical devices, aerospace, robotics, and industrial automation. The extensive use of piezoelectric actuators in the microelectronics and semiconductors industry, optics, telecommunication, biology, photonics, and metrology sectors is expected to drive market growth dramatically in the coming years. Piezoelectric motors and actuators have extensive use in active damping, machine tool alignment, fiber tool alignment, vibration cancellation, gene manipulation, shockwave generation, wafer mask alignment, and image stabilization, which is also likely to propel the growth of the global piezoelectric actuators and motors market. Besides, piezoelectric-operated actuator and motor industries are predicted to be growth industries owing to mounting adaptability by industries alongside an increase in demand by customers for a very long cycle and high-power density offered by the piezo motors.

Report Coverage

This research report categorizes the global piezoelectric actuators and motors market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global piezoelectric actuators and motors market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global piezoelectric actuators and motors market.

Driving Factors

The market is expected to grow due to rising demand for high-volume and low-cost autofocus assemblies hypothesized in phone cameras. Demand for ultra-small scale motion devices and manufacturing inspection equipment coupled with moderate-cost ink printing cartridges has been increasing significantly. Growing demand in the medical and automotive industries is predicted to drive demand in the global piezoelectric actuators and motors market.

Restraining Factors

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.

Market Segmentation

The global piezoelectric actuators and motors market share is classified into product and application.

• The piezo actuators segment accounted for the largest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.

In the terms 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 fueled as piezoelectric actuators leverage the piezoelectric effect to transfer electrical energy into very accurate mechanical displacement. They play a vital role in micro-positioning systems, whose high responsiveness and nanometer-scale accuracy make them invaluable in semiconductor production, optics, and precision engineering.

• The industrial and manufacturing segment accounted for a significant revenue share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

In the terms 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 a significant revenue share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment growth is a result of the demand for high-performance and high-precision actuators and motors for use in numerous industrial applications. Some of these applications are automation systems, robotics, precision equipment, and process control, which all need the sophisticated motion functionality that piezoelectric technology offers.

Regional Segment Analysis of the Global Piezoelectric Actuators And Motors Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global piezoelectric actuators and motors market over the predicted timeframe.

North America is anticipated to hold the largest share of the global piezoelectric actuators and motors market over the predicted timeframe. Regional development is fueled by extensive investments in research and development and strong technological infrastructure. Such areas are marked by high adoption across industries like automotive, healthcare, and consumer electronics. In the automotive sector, for example, piezoelectric actuators find application in advanced driver assistance systems (ADAS) and emission control systems, which translate to improved vehicle performance and compliance with regulations.

Europe is expected to grow at a substantial CAGR in the global piezoelectric actuators and motors market during the forecast period. Europe has a strong manufacturing base, particularly in sectors like automotive, aerospace, and robotics, which rely heavily on precision actuators and motors. As these industries continue to innovate, demand for high-performance piezoelectric components is likely to increase.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global piezoelectric actuators and motors market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In January 2024, Physik Instrumente (PI) launched a piezoelectric motor optimized for precision automation in semiconductor manufacturing.

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 Market, By Regional Analysis

• 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