Asia-Pacific piezoelectric devices market is expected to grow at a CAGR of around 7.8% during the forecast period. Asia-Pacific is one of the promising regions for the growth of the piezoelectric devices market. Increasing telecommunication and automotive industry in the region are primarily contributing to the growth of the market in the region. Additionally, increasing demand for smartphones owing to a huge customer base in the region and a significant rise in the demand for electric vehicles is creating potential demand for piezoelectric devices. The demand for piezoelectric devices in the region is further augmented by its wide application in medical, semi-conductors, military equipment, consumer electronics and other industries.
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China is one of the major telecommunications markets in terms of the user. Apart from these countries, South Korea, Australia, Thailand and Indonesia are some major contributors to the market. The major companies which are active in the mobile phone market include Apple, Samsung, Xiaomi, Oppo, Vivo, Huawei, Sony and Lenovo. Power bank companies which are the major contributor in the Asia-Pacific region include Intex, Ambrane, Lenovo, Xiaomi and so on. Major electric vehicle companies present in the Asia-Pacific region are BYD, SAIC, FAW Group, Geely, Nissan, Toyota, Mahindra and among others.
Key players in the market include CTS Corp., CeramTec Holding GmbH, and Harris Corp. These players are adopting strategies that enable to expand their market share and gain a competitive advantage over their competitors. For instance, in February 2017, Kyocera Group launched lead-free piezoelectric elements and high voltage-resistant alumina ceramics. The Pb-free piezoelectric elements provide an operating facility in a wide temperature range and significantly smaller hysteresis to control displacement.
Asia-Pacific Piezoelectric Devices Market Segmentation
By Application
- Aerospace
- Automotive
- Healthcare
- Industrial and Manufacturing
- Communication
- Military and Defense
- Others
By Material
- Naturally Occurring Crystal
- Synthetic Derived Material
- Ceramics
- Polymer
- Composite
By Product
- Actuators
- Longitudinal Actuators
- Acoustic Devices
- Motors
- Transducers
- Generators
- Resonators
- Sensors
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Regional Analysis
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- Cedrat Technologies SA
- CeramTec GmbH
- CTS Corp.
- Emfit Ltd.
- Harris Corp.
- Kyocera Group
- Physik Instrumente (PI) GmbH & Co. KG
- Piezocryst Advanced Sensorics GmbH
- Sparkler Ceramics Pvt. Ltd.
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