Piezoelectric Devices Industry Statistics

In this post, we present a comprehensive overview of the current landscape and future projections for the piezoelectric devices industry. With key statistics highlighting market size, growth rates, sector contributions, regional dominance, and material trends, gain valuable insights into the dynamics shaping this evolving market.

Statistic 1

"The global piezoelectric devices market size was valued at USD 28.7 billion in 2020."

Statistic 2

"The piezoelectric devices industry is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028."

Statistic 3

"In 2019, the actuators segment held the largest share in the piezoelectric devices market."

Statistic 4

"The automotive sector accounted for 12.9% of the piezoelectric devices market in 2020."

Statistic 5

"Asia-Pacific is expected to dominate the piezoelectric devices market during the forecast period."

Statistic 6

"In 2020, the medical sector held more than 21.2% of the global piezoelectric devices industry share."

Statistic 7

"The ceramic type piezoelectric devices accounted for a major market share in 2020."

Statistic 8

"In 2021, the market for piezoelectric devices is dominated by North America with 38.26% of the market share."

Statistic 9

"North America accounts for 45% of revenue share in the global piezoelectric devices market."

Statistic 10

"The piezoelectric devices market in Europe is expected to grow at a CAGR of 4.16% from 2020 to 2030."

Statistic 11

"The lead zirconate titanate (PZT) materials segment holds the largest share in the piezoelectric devices market."

Statistic 12

"Sensing applications are predicted to contribute a majority of the market share in the piezoelectric devices market by 2026."

Statistic 13

"The market for piezoelectric motors is expected to grow at the highest CAGR during the forecast period."

Statistic 14

"By 2030, the increase in demand for piezoelectric devices in consumer electronics is expected to drive the market growth rate to over 30.2%."

Statistic 15

"The piezoelectric devices market for PBAs and ceramics, which are the main materials used in piezoelectric devices, is projected to grow at a CAGR of 4.6%."

Statistic 16

"The global piezoelectric devices market is expected to generate a revenue of $48.53 billion by 2030, compared to $31.33 billion in 2024."

The global piezoelectric devices market is demonstrating steady growth, with significant contributions from sectors such as actuators, automotive, medical, and consumer electronics. Asia-Pacific and North America are key regions in driving the market expansion, with a focus on ceramic-type and PZT materials. The market is expected to reach a revenue of $48.53 billion by 2030, reflecting a substantial increase from previous years. Factors such as the rise in demand for piezoelectric devices in various applications, particularly sensing and motors, are key drivers shaping the industry landscape and growth trajectory.