Piezoelectric Materials Market to Hit USD 2.38 Billion by 2032; Increase Spending on Defence and Aerospace Sector is Reshaping Market Expansion

The global piezoelectric materials market size was USD 1.66 billion in 2024. The market is projected to grow from USD 1.73 billion in 2025 to USD 2.38 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period (2025-2032).

Fortune Business Insights™ presents this information in its report titled, “Piezoelectric Materials Market Size, Share & Industry Analysis, By Material (Piezoceramics {PZT and Lead-free Ceramics}, Piezopolymers, Piezocomposites, and Others), By Application (Actuators, Motors, Transducers, Sensors, SONAR, Generators & Transformers, Acoustic Devices, Resonators, and Others), By End-use Industry (Automotive, Healthcare, IT & Telecom, Consumer Goods, Aerospace & Defense, and Others), and Regional Forecast, 2025-2032”.

Piezoelectricity is referred to as a property showcased by certain materials that produces an electric field during an application of a force. On applying an electric field across the material, a deformation is displayed in its dimensions. These materials tend to convert the mechanical energy into electrical energy and vice versa, and hence these materials are referred to as transducers. Additionally, the market for piezoelectric materials is driven by the growing spending on aerospace and defence, as well as the increasing need for automation in different end-use industries. Some of the well-known companies operating in the market are CeramTec, L3Harris Technologies, Inc., Solvay, and others.

The COVID-19 pandemic affected the market by hampering the supply chain due to a shortage of raw materials and reduced production. Additionally, the limitations on transportation imposed by different governments contributed to the decline in piezoelectric materials demand.

Enhancement of Product Portfolio by Key Players to Boost Market Development

In April 2020, CTS Corporation declared the extension of its products by launching four different crystal families. These can be widely used for various applications in automotive-grade crystal resonators, medical, and aerospace & defense industries, where a wide range of operating temperatures is available, and offer the firm excellent growth opportunities in the future.

Growing Need for Automation in Different End-Use Industries Augments Market Growth

Various end-users, including electronic manufacturers and automotive companies, are demanding automation in their manufacturing processes. This has enhanced the demand for equipment, including transducers, actuators, sensors, and motors to operate the production line effectively. This device uses different properties that are featured by piezoelectric materials for measuring different quantities, including strain, pressure, acoustic intensity, and acceleration. Thus, the piezoelectric materials market growth is rapidly driven by the increase in the need for industrial automation.

However, the less differentiation between noise and signals is hindering market growth.

Key Players Emphasize Strong Product Portfolio to Strengthen Their Market Presence

The global market is characterized by a consolidated landscape with different manufacturing companies accounting for a larger share of the market. These companies are investing in research and development of innovative piezoelectric materials as well as resources to gain a competitive advantage.

Notable Industry Development:

• In May 2024, PI Ceramic introduced a new product line of piezoceramic composites. This is fixed in the filling polymers to advance the technology. It also offers an alternative to the all-ceramic components with more advantages over all-ceramics.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/piezoelectric-materials-market-102938

List of Key Companies Profiled in the Report:

• PI Ceramics GmbH (Germany)
• APC International, Ltd. (U.S.)
• L3Harris Technologies, Inc. (U.S.)
• CeramTec (Germany)
• Arkema (France)
• Solvay (Belgium)
• Sparkler Ceramics (India)
• Piezomechanik GmbH (Germany)
• TDK Corporation (Japan)
• Hong Kong Piezo Co. Ltd. (China)
• Mide Technology (U.S.)
• Meggitt PLC (U.K.)
• HOERBIGER Motion Control GmbH (Germany)
• Piezo Kinetics Inc. (U.S.)
• TRS Technologies, Inc. (U.S.)

Further Report Findings

• Asia Pacific held the largest piezoelectric materials market share, attributed to the growing number of manufacturing companies for consumer goods and electronics across India, China, Taiwan, Japan, and South Korea. These countries are highly focusing on enhancing their production capabilities.
• Market growth in North America is due to the ongoing growth opportunities for the market offered by the advancements in the aerospace and healthcare industries across the region.
• Market expansion in Europe is propelled by a growing demand for automated and driverless cars across the region.
• In terms of material, the piezoceramics segment led the market in 2024, owing to the increase in consumption of PZT for the production of actuators and transducers.

Table of Segmentation