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Global $36.4 Bn Piezoelectric Devices Market Trajectory & Analytics to 2027 with COVID-19 Insights on Short-term Production and Procurement - ResearchAndMarkets.com

January 5, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Jan 5, 2021--

The “Piezoelectric Devices - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

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Global Piezoelectric Devices Market to Reach US$36.4 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Piezoelectric Devices estimated at US$26.5 Billion in the year 2020, is projected to reach a revised size of US$36.4 Billion by 2027, growing at a CAGR of 4.6% over the analysis period 2020-2027.

Piezoceramics, one of the segments analyzed in the report, is projected to grow at a 4.6% CAGR to reach US$22.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Piezopolymers segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 17.3% share of the global Piezoelectric Devices market.

The U. S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 4.4% CAGR for the Period of 2020-2027

The Piezoelectric Devices market in the U. S. is estimated at US$7.8 Billion in the year 2020. The country currently accounts for a 29.46% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.5 Billion in the year 2027 trailing a CAGR of 4.4% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR while Rest of European market (as defined in the study) will reach US$6.5 Billion by the year 2027.

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Piezocomposites Segment Corners a 11.4% Share in 2020

In the global Piezocomposites segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$3.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.1 Billion by the year 2027.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Piezoelectric Devices Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

  • Aerotech Inc.
  • APC International Ltd.
  • CeramTec GmbH
  • CTS Corporation
  • Mad City Labs Inc.
  • Morgan Advanced Materials PLC
  • Physik Instrumente (PI) GmbH & Co. KG
  • Piezo Solutions
  • Piezomechanik Dr. Lutz Pickelmann GmbH
  • Piezosystem Jena GmbH
  • US Eurotek, Inc.

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

  • Market Facts & Figures
  • US Piezoelectric Devices Market Share (in %) by Company: 2018 & 2027
  • Market Analytics

CANADA

JAPAN

CHINA

EUROPE

  • Market Facts & Figures
  • European Piezoelectric Devices Market: Competitor Market Share Scenario (in %) for 2018 & 2027
  • Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

REST OF EUROPE

ASIA-PACIFIC

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 32

For more information about this report visit https://www.researchandmarkets.com/r/u8wywn

View source version on businesswire.com:https://www.businesswire.com/news/home/20210105005555/en/

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SOURCE: Research and Markets

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PUB: 01/05/2021 08:22 AM/DISC: 01/05/2021 08:22 AM

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