Global Piezoelectric Sensor Market is expected to generate $2.3 billion by 2023.
According to the new market research report by IndustryARC titled “ Piezoelectric Sensor Market: By Application (Industrial, Manufacturing, Automotive, Healthcare & Telecom); By End-user (Enterprise & Civilian) & By Energy Source (Mechanical, Electromagnetic, Thermal, Chemical & Optical) – With Forecast (2018-2023)” , increasing demand for industrial automation due to the rising advancements in the semiconductor industry enhances the growth of the Piezoelectric Sensor Market in the future.
Asia Pacific dominates the Piezoelectric Sensor Market during the forecast period
The Asia Pacific has a major share in the Piezoelectric Sensor Market. This is due to the increasing technological advancements coupled with the adoption of these sensors in countries like China and India. The region is expected to have a growth rate of 6.7% by 2023. Growing healthcare investments and increasing penetration of medical devices across the Asia Pacific are also responsible for the growth of piezoelectric devices in the region.
Aerospace and automotive sectors are providing opportunities for the piezoelectric sensor in China. Growing demand for commercial vehicles and other passenger cars also provide opportunities for the Piezoelectric Sensor Market in the Asia Pacific.
Selected Analysis done in the full Report:
Mechanical energy has the largest share of 49% in the Piezoelectric Sensor Market. This trend is expected to continue in the coming years. The market is expected to reach $1.16 billion by 2023. Wireless sensors which get their power from a mechanical energy source will drive the demand for the industrial pressure sensor in the coming years. This factor provides many opportunities for the piezoelectric ultrasonic transducer. Emphasis on home automation along with concerns of the electric components propels the demand for the piezoelectric pressure sensor in the home automation and building segment.
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Excerpts on Market Growth Factors
- Electronics segment is sure to escalate the demand for piezoelectric actuator due to the increasing demand for smartphones and tablets.
- The Piezoelectric Sensor Market is expected to make advancements in a broad range of applications in industry verticals like aerospace & defense, industrial & manufacturing, automotive, healthcare, telecommunication, consumer electronics, and others.
- Industrial and manufacturing segment will dominate the Piezoelectric Sensor Market due to the growing trend towards centralized automated controls.
Key players of the Piezoelectric Sensor Market
The key players of the Piezoelectric Sensor Market are TE Connectivity (U.S.), CTS Corporation (U.S.), Spectris (U.K.), First Sensor AG(Germany), Parker Hannifin Corporation (U.S.). Global piezoelectric sensor market key players have made different strategic initiatives which include partnerships, acquisitions, products launches and collaborations majorly to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in the emerging markets.
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Piezoelectric Sensor Market report is segmented as below
Miniaturization trend in the electronics industry has to lead to the development of new products, especially in the sensor technology. This drives the demand for the Piezoelectric Sensor Market.
A. Piezoelectric Sensor Market By end user
1. Enterprise
2. Civilian
B. Piezoelectric Sensor Market By Application
1.Industrial Manufacturing
2.Automotive
3.Healthcare
4.Telecom
C. Piezoelectric sensor Market– By Energy Source
1.Mechanical
2.Electromagnetic
3.Thermal
4.Chemical
5.Optical
D. Piezoelectric sensor Market– By Geography(covers 9+ countries)
E. Piezoelectric Sensor Market Market Entropy
F. Companies Citied / Interviewed
- 1.TE Connectivity (U.S)
- 2.CTS Corporation (U.S.)
- 3.Spectris (U.K.)
- 4.Parker Hannifin Corporation (U.S.)
- 5.APC International
- 6.Ceramtec GMBH
- 7.Kistler Group
- 8.Omega Engineering
- 9.CTS Corporation
- 10.First Sensor AG(Germany)
- 11.Piezo Solutions
- 12.TE Connectivity
- 13.HBM Test & Measuremen
- 14.Baumer
Related Report:
- A.Impact Sensor Market
- B.UV Sensor Market
What can you expect from the report?
The Piezoelectric Sensor Market is Prepared with the Main Agenda to Cover the following 20 points:
1.Market Size by Product Categories
2.Market trends
3.Manufacturer Landscape
4.Distributor Landscape
5.Pricing Analysis
6.Top 10 End-user Analysis
7.Product Benchmarking
8.Product Developments
9.Mergers & Acquisition Analysis
10.Patent Analysis
11.Demand Analysis (By Revenue & Volume)
12.Country-level Analysis (15+)
13.Competitor Analysis
14.Market Shares Analysis
15.Value Chain Analysis
16.Supply Chain Analysis
17.Strategic Analysis
18.Current & Future Market Landscape Analysis
19.Opportunity Analysis
20.Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in Piezoelectric Sensor Market segment?
Response: Yes, we do have separate reports as mentioned below:
1. Americas Piezoelectric SensorMarket Report (2018-2023)
2. Asia Pacific Piezoelectric Sensor Market Analysis (2018-2023)
3. Europe Piezoelectric Sensor Market Size (2018-2023)
4. Industrial Piezoelectric Sensor Market Share (2018-2023)
5. Manufacturing Piezoelectric Sensor Market Trends (2018-2023)
6. Automotive Piezoelectric Sensor Market Forecast (2018-2023)
7. Healthcare Piezoelectric Sensor Market Growth (2018-2023)
8. Telecom Piezoelectric Sensor Market (2018-2023)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in the application or end-user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
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About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
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