The global piezoceramic discs market was valued at $2.9 billion in 2022 and is projected to reach $5.4 billion by 2032, growing at a CAGR of 6.6% from 2023 to 2032.
Piezoelectric ceramic discs are a type of electronic component that is frequently used in numerous applications due to their specific features and capabilities. These discs are made of materials that exhibit the piezoelectric effect, which allows them to generate an electric charge in reaction to mechanical stress or deformations and, conversely, to deform in response to an applied electric field.
The growth of global piezoceramic discs is majorly driven by the increasing adoption of piezoelectric devices for application paired with the growing demand for piezoelectric sensors and actuators from various end-use industries. Moreover, the rising demand for piezoelectric inkjet print heads from the printing industry is expected to drive market growth. However, the high cost of raw materials for piezoceramic discs is acting as the prime restraint of the global market. On the contrary, the rising demand for piezoelectric devices in developing applications is anticipated to provide lucrative opportunities for the Piezoceramic discs industry during the forecast period.
The Piezoceramic discs market is segmented into product type, application, and region. On the basis of type, the market is categorized into below 10mm, 10mm to 50mm, and above 50mm. By application, the Piezoceramic discs market is classified into sensor and actuators, energy harvesting, medical device, industrial applications, and consumer electronics. Region-wise, the piezoceramic discs market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market include Physik Instrumente (PI) GmbH & Co. KG., Murata, TDK, CTS Corporation, Sparkler Ceramics, CeramTec, Fuji Ceramics Corporation, TRS Technologies, Inc, Micromechatronics Inc., and Sensor Technology Ltd.
Piezoelectric ceramic discs are a type of electronic component that is frequently used in numerous applications due to their specific features and capabilities. These discs are made of materials that exhibit the piezoelectric effect, which allows them to generate an electric charge in reaction to mechanical stress or deformations and, conversely, to deform in response to an applied electric field.
The growth of global piezoceramic discs is majorly driven by the increasing adoption of piezoelectric devices for application paired with the growing demand for piezoelectric sensors and actuators from various end-use industries. Moreover, the rising demand for piezoelectric inkjet print heads from the printing industry is expected to drive market growth. However, the high cost of raw materials for piezoceramic discs is acting as the prime restraint of the global market. On the contrary, the rising demand for piezoelectric devices in developing applications is anticipated to provide lucrative opportunities for the Piezoceramic discs industry during the forecast period.
The Piezoceramic discs market is segmented into product type, application, and region. On the basis of type, the market is categorized into below 10mm, 10mm to 50mm, and above 50mm. By application, the Piezoceramic discs market is classified into sensor and actuators, energy harvesting, medical device, industrial applications, and consumer electronics. Region-wise, the piezoceramic discs market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market include Physik Instrumente (PI) GmbH & Co. KG., Murata, TDK, CTS Corporation, Sparkler Ceramics, CeramTec, Fuji Ceramics Corporation, TRS Technologies, Inc, Micromechatronics Inc., and Sensor Technology Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the piezoceramic discs market analysis from 2022 to 2032 to identify the prevailing piezoceramic discs market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the piezoceramic discs market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global piezoceramic discs market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Below 10mm
- 10mm to 50mm
- Above 50mm
By Application
- Sensor and Actuators
- Energy Harvesting
- Medical Device
- Industrial Applications
- Consumer Electronics
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- TDK Corp.
- Sensor Technology Ltd
- Fuji Ceramics Corporation
- Micromechatronics Inc
- Physik Instrumente (PI) GmbH & Co. KG.
- CeramTec GmbH
- Murata Manufacturing Co.,Ltd
- TRS Technologies, Inc
- CTS Corporation
- Sparkler Ceramics Pvt. Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PIEZOCERAMIC DISCS MARKET, BY TYPE
CHAPTER 5: PIEZOCERAMIC DISCS MARKET, BY APPLICATION
CHAPTER 6: PIEZOCERAMIC DISCS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the piezoceramic discs market was valued at $2.9 billion in 2022, and is estimated to reach $5.4 billion by 2032, growing at a CAGR of 6.6% from 2023 to 2032.The Piezoceramic Discs Market is likely to experience a significant growth rate of 6.6% from 2023-2032 owing to increasing market demand from semiconductor sector
A piezoceramic disc commonly known as piezoelectric disc or piezo disc, is an advanced electronics component that is designed to exhibit the piezoelectric effect. The term piezoelectric effect refers to the ability of certain material to develop an electric charge in reaction to mechanical stress or deformation, and how they can also do the opposite when an applied electric field is present. Further, the piezo discs are metallized, either through a physical or chemical process, and then polarized. In addition, the piezoceramic discs are used across various applications including sound generation, sensors, actuators, vibration control, industrial applications, and more.
Key factors driving the growth of the piezoceramic discs market include surge in demand for piezoelectric inkjet print heads from the printing industry paired with the growth in demand for piezoelectric sensors and actuators from various end-use industries. The need for piezoelectric sensors and actuators from a wide variety of end-use industries, including automotive, industrial, medical, and consumer electronics, is the key force fueling the expansion of the piezoceramic discs market. The piezoceramic disc is an essential component in the fabrication of piezoelectric sensors and actuators. The growing usage of piezoelectric technology in a variety of industrial and consumer applications is driving the need for piezoceramic discs. The growing use of piezoelectric sensors in sectors such as pressure sensing, torque sensing, and ultrasonic imaging is driving the piezoceramic disc industry. Similarly, the increased usage of piezoelectric actuators in transducers, motors, and micro-positioning systems is increasing demand for piezoceramic discs. This growing demand from diverse end-use industries is expected to continue and accelerate over the forecast period. In addition, the market for piezoceramic discs is growing as a consequence of the increasing usage of piezoelectric devices in a wide range of applications, such as ultrasonic transducers, micro positioners, piezoelectric motors, and inkjet print heads. The primary components used in the manufacture of these piezoelectric devices are piezoceramic discs. The growing usage of ultrasonic transducers in applications such as medical imaging, industrial inspection, and cleaning is driving the need for piezoceramic discs.
The market also offers growth opportunities to the key players in the market. Participants in the piezoceramic discs market could gain from the rising demand for piezoelectric devices in developing applications such as MEMS sensors, medical ultrasonography equipment, and energy harvesting systems throughout the forecast period. The piezoelectric actuators and transducers employed in these innovative applications rely heavily on piezoceramic discs. With the rising need for piezoelectric-based MEMS sensors for applications such as pressure sensing, motion sensing, and ultrasonic range, the market for piezoceramic discs is expected to rise. Similarly, the growing usage of piezoelectric materials for energy harvesting from environmental vibrations, as well as the increasing use of piezoelectric ultrasound transducers in medical imaging equipment, thereby providing growth opportunities for the stakeholders in the coming years.
On the basis of type, the market is categorized into below 10mm, 10mm to 50mm, and above 50mm. By application, the Piezoceramic discs market is classified into sensors and actuators, energy harvesting, medical device, industrial applications, and consumer electronics. Region-wise, the piezoceramic discs market trends are analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the study PI Ceramic, Murata, TDK, Taiyo Yuden, Sparkler Ceramics, CeramTec, Fuji Ceramics Corporation, Physik Instrumente (PI), Micromechatronics Inc., American Piezo Ceramics, Inc. Market players have adopted various strategies such as product launches, partnerships, joint ventures, acquisition, and others to expand their foothold in the Piezoceramic discs market size. For instance, in 2022, Murata launched a new line of piezoceramic discs for use in ultrasonic sensors. The new discs are said to be more accurate and sensitive than previous generations, making them ideal for applications such as medical imaging and industrial inspection. In addition, in 2022, Taiyo Yuden launched a new line of piezoceramic discs for use in ultrasonic motors. The new discs are said to be more efficient and powerful than previous generations, making them ideal for applications such as medical devices and industrial equipment.
Key Market Insights
By type, the above 50mm segment was the highest revenue contributor to the market and is estimated to reach $2.4 billion by 2032, with a CAGR of 7.6%. Further, the 10mm to 50mm segment is estimated to grow at a high CAGR of 6.2% during the forecast period.By application, the consumer electronics segment is expected to emerge as the fastest-growing segment of the market with a CAGR of 8.7% during the period of 2023-2032. The sensor and actuators segment dominated the market in the year 2022.
Based on region, Asia-Pacific was the highest revenue contributor, accounting for $1.4 billion in 2022, and is estimated to reach $2.8 billion by 2032, with a CAGR of 7.0%.
Companies Mentioned
- TDK Corp.
- Sensor Technology Ltd
- Fuji Ceramics Corporation
- Micromechatronics Inc
- Physik Instrumente (PI) GmbH & Co. KG.
- CeramTec GmbH
- Murata Manufacturing Co.,Ltd
- TRS Technologies, Inc
- CTS Corporation
- Sparkler Ceramics Pvt. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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