The total revenue generated by the piezoelectric devices market was USD 30.9 billion in 2022, and it will power at a CAGR of 5.80% in the years to come, to reach USD 48.5 billion by 2030.
Sensors will grow significantly by the end of this decade, as per the report by P&S Intelligence. The demand for Piezoelectric sensors is increasing due to the acceptance in a number of industries, like autonomous vehicles, electronics and manufacturing for detecting the slightest changes of energy, which are converted to electrical signals.
Furthermore, piezoelectric sensors are put to use for measuring the force of touch, vibrations and shocks in aviation, healthcare, and electronics. These offer high-frequency responses, for sensing sudden parameter differences, detecting events in microseconds, and provide a linear output. These sensors are able to transform acceleration, pressure, physical, and other inputs into an electrical signal.
Energy harvesting is a procedure through which the energy collected from solar power, wind and heat, is directly transformed to electricity and transported to a different equipment.
Furthermore, for later use, the energy can be accrued in batteries or ultracapacitors. For example, piezoelectric generators allow the alteration of the energy contained in vibrations into electrical power, that can be used.
The key benefit of piezoelectric energy harvesters is MEMS incorporation and miniaturization, which the reason they are deployed for powering IoT uses and low-power wireless sensor systems.
Moreover, the technology offers affordable power solutions, supporting boost the energy proficiency by providing a simple design with a number of moving parts at a low cost. Energy harvesters are extensively installed on roads for generating power when automobiles pass over them.
Generators will grow at the fastest rate of 6.4%, in the years to come. The requirement for these generators is growing due to their capability for converting mechanical power into electricity and their use in energy harvesting devices.
The development would also be as a result of a number of tech improvements, for example nano-scaling and vibration energy harvesting.
Aerospace & defense will grow considerably in the future, because of the extensive use of these devices in the aviation, defense, and aerospace sector, where piezoelectric actuators reduce vibrations, thus plummeting noise and energy expenditure and improving the fuel efficacy of aircraft.
In the past, the lowering levels of noise in helicopters has expanded substantial focus. The aerospace sector will also increase the use of electromechanical piezoelectric-based systems for building a compactable system with a fast reaction and a high-power density.
Europe piezoelectric devices market will grow significantly, credited to the presence of numerous medical device, industrial and automotive manufacturing companies.
It is because of the growing trend of energy harvesting that the demand for piezoelectric devices will grow considerably in the future.
