Piezoelectric Ceramics Market To Generate $2,098.5 Million Revenue by 2030

The piezoelectric ceramics market revenue is expected to reach USD 2,098.5 million by 2030, exhibiting a CAGR of 5.2% during 2024–2030.

Due to the rising need for environment-friendly and energy-efficient solutions, the market is expanding significantly. Piezoelectric ceramics can transform mechanical energy into electrical energy, which drives their adoption for energy harvesting applications in sensors, IoT devices, and off-grid areas.

Additionally, they are used for a variety of purposes in the consumer electronics, automotive, healthcare, industrial monitoring, and defense sectors, especially in sensors. Moreover, modern, environment-friendly solutions are in high demand, which drives extensive research and innovation in these materials for uncovering new opportunities.

Applications in the healthcare sector include medical sensors and diagnostic tools. To produce real-time images of organs and tissues, they are frequently utilized in ultrasonic transducers. Additionally, accurate readings are made possible by piezoelectric sensors in blood pressure monitors and accelerometers.

Consumer Electronics Are Largest End User of Piezoelectric Ceramics

The consumer electronics category holds the largest share of the piezoelectric ceramics market, on the basis of end user, driven by the rising consumer spending power in emerging economies. The use of such materials in this sector will continue as consumers remain on the lookout for technologically sophisticated and feature-rich products.

Consumer products, such as TVs, microwaves, washing machines, and remote-controlled toys, heavily rely on these materials. In toys that are controlled by remote, piezoelectric materials produce electrical signals when switches are pressed, causing the toy to perform a specified action. Similarly, in washing machines, they sense noise and vibrations, thus enabling stability and seamless functioning. In the same way, in microwaves, these materials offer accurate timing and control.

Automotive and Transportation Sector Is Expected To Witness High Growth Rate

Over the forecast period, a considerable CAGR is expected in the automotive category, because of the growing adoption of airbag deployment mechanisms, tire pressure monitoring systems (TPMS), and seatbelt tensioners. The demand for these safety systems and, in turn, piezoelectric ceramics, is driven by the implementation of rules amidst the increasing emphasis on vehicle safety.

Additionally, the fuel injectors and engine knock sensors in automobile engines use such ceramics. They enable precise fuel injection and engine timing, which improves fuel economy and lowers emissions—two key requirements the modern vehicle industry must meet.

These materials are also used to make actuators and control systems for vibration control, adaptive headlights, and active suspension systems. The popularity of such advanced technologies among consumers is rising as a result of the strengthening focus on driving comfort and safety. Moreover, to increase all-around energy efficiency, the automotive sector is investigating energy harvesting systems. With piezoelectric ceramics, automotive systems can become greener and more-sustainable, by harvesting energy from vibrations and motions that occur during vehicle operation.

Further, the popularity of regenerative braking and energy harvesting systems is rising with the increasing sale of electric and hybrid vehicles, thus offering new possibilities for piezoelectric ceramics. They can transform mechanical energy from braking into electricity, thus assisting in battery recharging and enhancing the overall energy efficiency of EVs.

Some of the key industry players are Johnson Matthey, KYOCERA Corporation, Ceram Tec GmbH, CTS Corporation, Murata Manufacturing Co. Ltd., TDK Corporation, Physik Instrumente (PI) GmbH & Co. KG, APC International Ltd., Arkema S.A., and HOERBIGER Motion Control GmbH.