Research and Markets has announced the addition of the "Piezoelectric Devices Market by Material, Product and Application - Global Forecast to 2022" report to their offering.

The global piezoelectric device market to grow from USD 23.54 Billion in 2016 to USD 31.33 Billion by 2022, at a CAGR of 4.88% between 2016 and 2022.

The increasing demand for piezopolymer and composite material; emerging applications of piezoelectric devices such as low-power and portable-energy sources in healthcare sector and structural health monitoring, computer disk drives, robotics, accelerometers in mobile phones, and notebooks in consumer sector; increase in funding from investors and government; and emerging application of piezoelectric energy harvesting devices are expected to drive the piezoelectric device market during the forecast period. However, it is necessary to find more alternatives to the piezoelectric materials as the high cost of these materials including piezocrystals and lead-based ceramics can pose a limitation in growth of the piezoelectric device market in future.

APAC is expected to hold the largest size of the piezoelectric device market by 2022. The market in APAC comprises developing economies such as China, Japan, and South Korea, which have huge potential for the piezoelectric device market for various applications. Some of the major factors that drive the demand for piezoelectric technologies in APAC include increase in adoption of portable electronics technology and growth in the digitalization and information and communication markets. The ongoing urbanization and increasing investment by the global healthcare solution providers in this region are also the major factors contributing to the high demand for the advanced medical solutions and surgical tools in which piezoelectric devices are used.

Companies Mentioned:

  • Aerotech Inc.
  • APC International, Ltd.
  • Ceramtec Gmbh
  • CTS Coporation
  • Exelis, Inc.
  • Mad City Labs Inc.
  • Morgan Advanced Materials
  • Physik Instrumente (PI) Gmbh & Co. Kg.
  • Piezo Solutions
  • Piezomechanik Dr. Lutz Pickelmann Gmbh
  • Piezosystem Jena Gmbh
  • US Eurotek, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Piezoelectric Device Market, by Product

8 Piezoelectric Devices Market, by Material

9 Piezoelectric Devices Market, by Application

10 Geographical Analysis

11 Competitive Landscape

12 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/5qsh49/piezoelectric