Dublin, Jan. 11, 2022 (GLOBE NEWSWIRE) -- The "Global Piezoelectric Actuators and Motors Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Piezo Motors and Piezo Actuators), Application, and Geography" report has been added to ResearchAndMarkets.com's offering.
The global piezoelectric actuators and motors market is expected to grow from US$ 14547.86 million in 2021 to US$ 24,752.20 million by 2028; it is estimated to grow at a CAGR of 7.9% during 2021-2028.
With the integration of piezoelectric actuators with haptic technology, the applications of piezo actuators have been increased in electronics and semiconductors devices. Haptic technology involves enabling an electronic device to stimulate the human sense of touch by allowing humans to feel motion, vibration, or movement. At present, there are three mainstream technologies in haptic - eccentric rotating mass (ERM) motor, linear resonant actuator (LRA), and piezoelectric.
Among the mentioned technologies, piezoelectric technology holds the edge over the rest, owing to its mechanical advantages such as faster response time, greater acceleration, and smaller size. In addition, piezo actuators are more power efficient and provides haptic solutions with less power consumption than ERM and LRA technology. Which means that piezoelectric is the most efficient technology for high-definition haptic solutions and offers lucrative opportunities for the market growth. Hence, the aforementioned factors are expected to boost the demand for piezoelectric actuators and motors during the forecast period.
The piezoelectric actuators and motors market is segmented on the basis of product, application, and geography. Based on product, the market is bifurcated into piezo motors and piezo actuators. The piezo actuators segment represented a larger share of the overall market in 2020. In terms of application, the piezoelectric actuators and motors market is segmented into automotive, industrial and manufacturing, medical, aerospace, consumer electronics, and other applications. In 2020, the industrial and manufacturing segment accounted for the substantial share of the market. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2020, Asia Pacific (APAC) accounted for the significant share in the global market.
North America is one of the leading regions in terms of the development and adoption of new technologies owing to the favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any hinderance on the growth of the industrial sector hampers the economic growth of the region. Presently, the US is the world's worst-affected country due to the COVID-19 outbreak.
The industry's reliance on human labor has been highlighted by the recent pause in industrial automation and development. This is expected to showcase the benefits of factory automation in the post-lockdown phase, leading to increased adoption. The overall demand for industrial automation components and digitalization is likely to increase once the industries attain normal operational conditions. These technologies are a need amid high market competition across the world. Hence, the piezoelectric actuators and motors market is projected to grow at a steady pace in the post-pandemic period.
A few major players operating in the global piezoelectric actuators and motors market are APC International, Ltd.; CEDRAT TECHNOLOGIES; FAULHABER Group; Johnson Electric Holdings Limited; Microfine Materials Technologies Pte Ltd; Physik Instrumente (PI) GmbH & Co. KG.; Piezo Electric Technology Co., Ltd.; PiezoMotor Uppsala AB; TDK Corporation; and piezosystem jena GmbH.
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Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Piezoelectric Actuators and Motors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Piezoelectric Actuators and Motors Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Application of Piezoelectric Technology in Medical Devices
5.1.2 Increasing Adaptability of Piezoelectric Actuators and Motors in Automotive Industry
5.2 Market Restraints
5.2.1 Availability of Alternative Actuators and Motors
5.3 Market Opportunities
5.3.1 Integration of Piezoelectric Actuators with Haptic Technology
5.4 Future trends
5.4.1 Rising Trend of Compact Consumer Electronic Products
5.5 Impact Analysis of Drivers And Restraints
6. Piezoelectric Actuators and Motors - Global Market Analysis
6.1 Global Piezoelectric Actuators and Motors Market Overview
6.2 Global Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players
7. Global Piezoelectric Actuators and Motors Market Analysis - By Product
7.1 Overview
7.2 Piezo Motors
7.2.1 Overview
7.2.2 Global Piezo Motors Market Revenue and Forecasts to 2028 (US$ Million)
7.2.3 Piezo Linear Motors
7.2.3.1 Overview
7.2.3.2 Global Piezo Linear Motors Market Revenue and Forecasts to 2028 (US$ Million)
7.2.4 Piezo Rotary Motors
7.2.4.1 Overview
7.2.4.2 Global Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)
7.3 Piezo Actuators
7.3.1 Overview
7.3.2 Global Piezo Actuators Market Revenue and Forecasts to 2028 (US$ Million)
7.3.3 Piezo Stack Actuators
7.3.3.1 Overview
7.3.3.2 Global Piezo Stack Actuators Market Revenue and Forecasts to 2028 (US$ Million)
7.3.4 Piezo Strip Actuators
7.3.4.1 Overview
7.3.4.2 Global Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)
7.3.5 Others
7.3.5.1 Overview
7.3.5.2 Global Others Market Revenue and Forecasts to 2028 (US$ Million)
8. Global Piezoelectric Actuators and Motors Market Analysis - By Application
8.1 Overview
8.2 Automotive
8.2.1 Overview
8.2.2 Global Automotive Market Revenue and Forecasts to 2028 (US$ Million)
8.3 Industrial and Manufacturing
8.3.1 Overview
8.3.2 Global Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)
8.4 Consumer Electronics
8.4.1 Overview
8.4.2 Global Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)
8.5 Medical
8.5.1 Overview
8.5.2 Global Medical Market Revenue and Forecasts to 2028 (US$ Million)
8.6 Aerospace
8.6.1 Overview
8.6.2 Global Aerospace Market Revenue and Forecasts to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Global Others Market Revenue and Forecasts to 2028 (US$ Million)
9. Piezoelectric Actuators and Motors Market - Geographic Analysis
10. Piezoelectric Actuators and Motors Market - Covid-19 Impact Analysis
10.1 Overview
10.2 North America: Impact Assessment of Covid-19 Pandemic
10.3 Europe: Impact Assessment of Covid-19 Pandemic
10.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
10.6 South America Impact Assessment of Covid-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 APC International, Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 CEDRAT TECHNOLOGIES
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 FAULHABER Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Johnson Electric Holdings Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Microfine Materials Technologies Pte Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Physik Instrumente (PI) GmbH & Co. KG.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Piezo Electric Technology Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 PiezoMotor Uppsala AB
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 TDK Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 piezosystem jena GmbH
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
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