Piezoelectric device market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period (2024-2031). The industry growth is primarily driven by the increasing uses of nanotechnology and a broadening range of medical and automotive industry applications. Also, it is anticipated that advancement in high-speed communication will foster the market’s growth. Piezoelectric devices find a wide utility in the production of vehicle sensors such as distance and knock sensors. Piezoelectric devices also come in handy in airbag sensor uses, anti-locking brakes, and other automobile-related uses. Consequently, while piezoelectric materials change their shape and size under mechanical stress, electrical charges are often generated in such materials. The primary driving forces for the growth of the global piezoelectric device market consist of the extensive versatility of the piezoelectric device and the innovation of nanotechnology advancement.
Get Free Sample link @ https://www.omrglobal.com/request-sample/piezoelectric-device-market
Recent Developments
- In April 2023, the Korea Advanced Institute of Science and Technology (KAIST) team designed new sensitive wearable piezoelectric blood pressure sensors for continuous health monitoring.
- In August 2022, MIT revealed wearable ultra-thin skin-like sensors that monitor health vitals and do not require batteries. The sensor is powered by turboelectric nanogenerators. GaN with its piezoelectric nature is applied in measuring vital body parameters and in wireless communication.
- In August 2022, Micromachines revealed the design of a multi-sensor-based, cuffless, and portable Blood Pressure (BP) monitoring system that combines a piezoelectric sensor array with an optical sensor to obtain blood pressure data from the radial artery.
- In June 2022, the acquisition that was carried out to enable CTS Corporation to acquire Ferroperm Piezoceramics from Meggitt PLC leverages the ability of both the technical teams to improve on the new product line and boost growth.
Full report of Piezoelectric Device Market available @ https://www.omrglobal.com/industry-reports/piezoelectric-device-market
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Aerotech Inc., APC International Ltd., Morgan Advanced Materials, Physik Instrumente (PI) GmbH & Co. KG., and piezo.com among others.
Global Piezoelectric Device Market Report Segment
By Product
- Sensors
- Actuators & Motors
- Generators
- Transducers
- Others (Transformers and Resonators)
By Material
- Crystals
- Ceramic
- Polymer
- Composites
By Application
- Aerospace & Defense
- Automotive
- Industrial Manufacturing
- Communication
- Healthcare
- Other (Keyboards, Printers, Desktops, Speakers, Energy Harvesting/Wearables)
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/piezoelectric-device-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
