Piezoelectric Actuators and Motors Market is expected to reach US$ 24,752.20 Mn by 2028

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Report Code TIPRE00014704   No. of
Pages 167   Category Electronics and
Semiconductor 

• Piezoelectric Actuators and Motors Market Size,
  Growth, Industry Analysis By Forecast 2028

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• Piezoelectric Actuators and Motors Market

The piezoelectric actuators and motors market is
expected to grow from US 14,547.86 million in
2021 to US 24,752.20 million by 2028 it is
estimated to grow at a CAGR of 7.9 during
20212028. From the past few years, the
healthcare sector has witnessed a significant
improvement in the design of medical equipment,
along with better-streamlined functionality and
performance. This, in turn, has improved the
medical treatment methods. For example,
piezoelectric transducers are used in ultrasonic
dental scalers for ultrasonic removal of plaque
and calculus, which is a more efficient method
than traditional scalers. Similarly,
piezoelectric ceramic components are increasingly
being used in high-intensity focused ultrasound
(HIFU) for the removal of tumors, as it is a
minimally invasive and gentle treatment method
with improved therapy success and fewer side
effects in the human body. Also, piezoelectric
technology is applied in ultrasonic surgery
instruments that vibrate typically at 55 kHz,
creating a wave of mechanical energy. This
ultrasonic energy is transferred from a blade to
tissue molecules, and the vibration improves the
cutting and leads to better coagulation of the
tissue, thereby reducing bleeding. Similarly,
piezoelectric technology is applied in other
medical devices such as ultrasound scanners for
medical imaging and magnetic resonance imaging
(MRI) systems as the actuator movement does not
produce magnetic fields. Besides, piezoelectric
actuators and pumps are extensively used in the
lab and medical pumping and dosing equipment due
to their precise, repeatable, and reliable fluid
dispensing control. Furthermore, in modern times,
economized multi-layer piezoelectric actuators
are extensively used in medical devices,
including medical pumps and hearing aids. Hence,
the growing application of piezoelectric
actuators in medical devices is proliferating
the piezoelectric actuators and motors
market growth globally.
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• MARKET SEGMENTATION

MARKET SEGMENTATION
Global Piezoelectric Actuators and Motors Market
By Product Piezo Motors Piezo Actuators Global
Piezoelectric Actuators and Motors Market By
Application Automotive, Industrial and
Manufacturing, Medical, Aerospace, Consumer
Electronics
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• Piezoelectric Actuators and Motors Market Insights

The rising application of piezoelectric actuators
and motors in automotive systems is fostering
market growth globally. Piezoelectric actuators
convert an electrical signal into mechanical
movement hence, they are widely used for
adjusting mirrors, lenses, and other automotive
parts. Also, piezoelectric technology is being
widely used in fuel injectors. With the help of
this technology, the fuel injection accuracy has
increased, and the injector leakage has reduced
significantly, compared to the conventional
technologies. This has resulted in increased fuel
efficiency of commercial and passenger vehicles,
with less carbon emission. Further, the
additional application of piezoelectric has been
witnessed in fuel pumps, high-speed valves,
keyless door entry, seat belt buzzers airbag
sensors, airflow sensors, and tire pressure
sensors, among others. Also, piezoelectric
actuators have been largely used by automobile
companies, specifically in the suspension system
and seat adjustment controls of vehicles.
Moreover, piezoelectric actuators are finding
applications in the braking systems of electric
vehicles. Thus, the increasing adaptability of
piezoelectric actuators and motors in the
automotive sector is driving the piezoelectric
actuators and motors market across the globe.
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• REGIONAL INSIGHTS

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• Key findings of the study

• The players operating in the piezoelectric
  actuators and motors market adopt strategies such
  as mergers, acquisitions, and market initiatives
  to maintain their positions in the market. A few
  developments by key players are listed below
• In Turkey, FAULHABER is represented by its new
  distribution partner EDEL Teknoloji Sistemleri.
  With effect from August 1st, 2019, EDEL Teknoloji
  Sistemleri San. Ve Tic. Ltd. Sti., based in
  Izmir, has taken over the distribution of
  FAULHABER Drive Systems products.
• In March 2021, PI (Physik Instrumente), a
  technology leader for piezo applications and high
  precision positioning technology, acquired the
  Japanese company PGW Precision Granite W Co.
  Ltd. The acquisition was completed on February
  25th, 2021.

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• REPORT HIGHLIGHTS

• Our report on Accounting Software Market cover
  following key parameters
• Comprehensive market analysis at global, regional
  and country level
• Detailed PEST (Political, Economic, Social and
  Technological) factors impacting the market
  across key geographic regions such as North
  America, Europe, Asia Pacific, Middle East
  Africa, and South America
• Market dynamics (drivers, restraints,
  opportunities, and future trends) and impact
  analysis of drivers and restraints at short-term,
  mid-term and long-term
• Market size and forecasts in terms of revenue
  2018 (historic), 2019 (base year), 2019 27
  (forecast period)
• In-depth market segmentation and deep dive
  regional and country level analysis of 18
  countries across 5 key regions
• Key company profiles and industry landscape to
  provide latest market initiatives and competitive
  landscape
• Impact of COVID19 pandemic on ecosystem and the
  market

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• REPORT HIGHLIGHTS

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analysis team consist of experienced
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and offer various customization options in the
existing study.
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