Germany piezoelectric devices market is expected to grow at a CAGR of around 6.0% during the forecast period. Germany is the largest economy in Europe and the 5th largest economy globally. The country is a leading exporter of vehicles and their supplier. The GDP of the country in 2019 was $3.8 trillion. According to the European Union, the German economy has a significant share in the automotive sector coupled with the German-based major automobile brands. This includes Audi, BMW, Ford, Iveco, MAN, Mercedes, Opel, Porsche and Volkswagen. Along with OEM, the country has a well-renowned supplier base which supplies its products all across the globe. Some major is Bosch, Continental, ZF TRW, BASF SE, Mahle GmbH, Thyssen Krupp and so on.
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With the increasing manufacturing in the automobile segment, technology is being incorporated at par within the vehicles. Smarter and safer automotive is being developed in order to ensure regulatory compliance for passenger safety. Piezoelectric devices are used as actuators, injectors and sensors for better controlling, adjusting and sensing of systems. Along with direct use, robotics and mechanical machinery are used for manufacturing and testing vehicles are also equipped with piezoelectric devices and sensors. Components such as airbags, side mirrors, internal combustion engine, and fuel injectors are the major application areas for piezoelectric sensors and devices. Therefore, the growth in the automobile segment is primarily contributing to the adoption of piezoelectric devices in the country.
Key players in the market include CeramTec Holding GmbH, Harris Corp., and Piezocryst Advanced Sensorics GmbH. These players are adopting strategies that enable to expand their market share and gain a competitive advantage over their competitors. For instance, in August 2017, Piezocryst Advanced Sensorics GmbH introduced a new version of CP501 miniature pressure sensor. The company introduced CP521 for monitoring pressure pulsations at high temperatures and in extreme conditions in compressors, gas turbines or turbochargers. The sensor features GaPO4 sensing elements and Crystal Match technology which enable precise measurements even at high-temperature gradients.
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Germany 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
