The global piezoelectric devices market is expected to grow from USD 35.59 billion in 2024 to USD 55.49 billion by 2030 at a CAGR of 7.7% during the estimated period 2024-2030. The major factors driving the market growth of the piezoelectric devices is the increasing demand for polymer-based piezoelectric sensors and films in aerospace and other industries.
The major players in the piezoelectric devices market with a significant global presence are CeramTec GmbH (Germany), CTS Corporation (US), Kistler Group (Switzerland), Physik Instrumente (PI) SE & Co. KG. (US), Aerotech (US), Piezosystem jena (Germany), KEMET Corporation (US), Piezo Technologies (US), APC International, Ltd. (US), Mad City Labs, Inc (US), TE Connectivity (Switzerland), Mide Technology Corp (US), Omega Piezo Technologies (US) , PCB Piezotronics, Inc. (US), and PiezoMotor (Sweden). The market players have adopted various strategies, such as developing advanced products, partnerships, contracts, expansions, and acquisitions, to strengthen their position in the piezoelectric devices market. The organic and inorganic strategies have helped the market players expand globally by providing advanced piezoelectric devices solutions.
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Major Piezoelectric Devices companies include:
CeramTec GmbH
CeramTec GmbH is one of the leading manufacturers of high-performance technical ceramics, in which it develops and manufactures technical ceramic components for numerous industrial areas. The company operates in various sectors such as medical technology, automotive, electronics, and industrial applications, providing solutions that include components as well as parts made from various engineered ceramic materials, aeronautics and defense, machinery, electronics, medical equipment, chemical, industrial equipment, mechanical, and medical engineering applications. CeramTec has acquired a notable global presence, with facilities for production and sales offices scattered across Europe, North America, and Asia. Headquarters are in Germany, whereas, the additional sites are located in Lauf and Marktredwitz. The company's products are incorporated into hundreds of applications; they improve security and efficiency where mobility is concerned and for medical applications, and also add to the technology for environmental concerns.
CTS Corporation
CTS Corporation is one of the leading global designer and manufacturer of actuators, electronic components, and sensors for original equipment manufacturers (OEMs) in the aerospace & defense, industrial, information technology, medical, telecommunications, and transportation sectors. The company mainly focuses on original equipment manufacturers (OEMs) from the aerospace, defense, industrial, medical, and transportation sectors. CTS conducts business through three major business segments: Sensing, which offers the critical inputs into electronic systems; Connecting, which enables synchronization between the systems; and Moving, which ensures accurate execution of movements in various applications. CTS has a robust global presence with manufacturing facilities in North America, Europe, and Asia. The company key locations includes United States, China, the Czech Republic, and Singapore. The company's has a major product portfolio of sensors and actuators this strategy has made CTS an industry leader in electronic components, supporting it to deliver advanced solutions that improve operational efficiency and performance across multiple applications worldwide.
Related Reports:
Piezoelectric Devices Market by Product (Sensors, Actuators, Motors, Generators, Transducers, Transformers, and Resonator), Material (Polymer, Crystal, Ceramic, and Composites), Element (Discs, Rings and Plates) - Global Forecast to 2030
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