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Sep 9, 2020 12:23 PM ET

Composites Piezoelectric Material Market Size Forecast to Reach $267.40 Million by 2025




iCrowd Newswire - Sep 9, 2020

Composites Piezoelectric Material Market size is forecast to reach $267.40 million by 2025, after growing at a CAGR of 3.98% during 2020-2025.Composites Piezoelectric Material has various advantages such as high coupling factor, low acoustic impedance, strong water or human tissue matching, mechanical stability, wide bandwidth combined with a low mechanical quality factor and the possibility of producing undiced arrays by simply patterning the electrodes owing to which it is widely used in many end use industry. In addition, piezoelectric composite materials are especially useful for application of underwater sonar and medical diagnostics ultrasonic transducer. In a variety of fields such as medical devices, naval sonar devices, industrial process control, environmental monitoring, communications, information systems and tactile sensors, piezoelectric composites are important. The growth of the composites piezoelectric material industry is anticipated to boost in the forecast era.

By Type – Segment Analysis

Manmade Synthetic Materials such as ceramics is extensively used in Composites Piezoelectric Material Market. Piezo-ceramic components are electromechanical transducers whose components are used in sensors and in power transducers for high-power ultrasonic applications. In automobile technology sensors keep passengers safe and intelligent engine management is ensured. Piezo-ceramic components generate great ultrasonic intensities for ultrasonic cleaning and drilling, ultrasonic welding or for stimulating chemical processes in ultrasonic applications. Such piezo-ceramic components are used in many signal areas as ultrasonic transmitters and receivers. In addition, Piezo-ceramic actuators function because deformations can be produced within the range of the micrometer. This activity opens up new possibilities for application of electromechanical transducers as actuators for hydraulic and pneumatic valves, positioning systems, micromanipulators, and liquid and gas dispensing systems. Due to which there will be an increase in Composites Piezoelectric Material Market in the forecast period.

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By Application – Segment Analysis

Sensors held the largest share in the application of Composites Piezoelectric Material Market in 2019.Piezoelectric sensor is a device that uses the piezoelectric effect to monitor changes in friction, acceleration, temperature, strain or force by converting them to an electric charge. Industrial sector employs piezoelectric sensors for a number of uses such as for use in pressure sensors and sonar equipment. Piezoelectric pressure sensors yield greater efficiency than traditional electromechanical pressure sensors, because piezoelectric devices in combination with a strain gage or displacement sensor have a high frequency response and signal conversion without needing any bellows, diaphragms, or other form of mechanical linkage. Also, sensor has a high power density that enables large amounts of acoustic power to be transmitted from a small package. In addition, increasing use of piezoelectric sensor in medical applications such as ultrasound imaging and ultrasonic procedures for improved monitoring of pregnancy complications, and facilitating minimally invasive operations will drive the growth of Composites Piezoelectric Material Market in the forecast period.

By End Use -Segment Analysis

Aerospace & Defence Industry held the largest share in Composites Piezoelectric Material Market in 2019, and is projected to grow at a CAGR of 4.36% during forecast period 2020-2025.Piezoelectric actuators are used in mechanical structures where vibrations are not desirable for active vibration damping. The aim of vibration damping is to reduce noise, fuel consumption and energy waste. Small power-efficient mechanical actuators and sensors are required in the small robotics market. Building anything as small as a robotic fly which can crawl and fly is theoretically feasible with the use of piezoelectric actuators. In reality, a new robotic technology sector known as Micro Air Vehicles is aimed at building tiny drones of the size of insects or birds that fly with flapping wings. Much like birds and insects they monitor surfaces. Such types of miniaturization features are partly possible through the use of piezoelectric actuators. DARPA has recently developed a .50-caliber bullet, which can change direction in mid-flight. The bullet uses a laser-illuminated target optical sensor mounted on its nose in combination with a control system and mobile tail fins. Although DARPA has not disclosed much about their Extreme Accuracy Tasked Ordinance (EXACTO) bullet, piezoelectric actuators are possibly the most possible means of manipulating the tail fins.

Geography- Segment Analysis

Asia Pacific held the largest share with 45.26% in Composites Piezoelectric Material due to increasing technological advancements in countries like China, Japan, and South Korea. These countries are using the piezoelectric materials for various applications such as actuators, sensors, transducers, SONAR, generators and motors and devices. Also, adoption of actuators and sensors in automobile industry is one of the major factors for growth of Composites Piezoelectric Material market in Asia-Pacific. China is Asia’s leading user of piezoelectric materials due to the rapid growth in the manufacture of heavy commercial vehicles and passenger cars in the automotive industry. According to International Trade Administration, China is the largest vehicle market in the world, with the Chinese government expecting car production to reach 30 million units by 2020, and 35 million by 2025.

Drivers –Composites Piezoelectric Material Market

Increasing use of piezoelectric products in automotive

Now, automotive technology is the second-largest market for piezoelectric products segment. Piezoelectric technology is used in various automotive industries for actuators, fuel injectors, cameras, and various safety systems. Piezoelectric actuators turn electrical signal into mechanical energy that is used to adjust the vehicle’s mirrors, lenses, and other components. Also, fuel injectors using piezoelectric technology is more efficient than their conventional equivalents and has delivered more fuel efficiency and fewer emissions. Piezoelectric material applications include fuel atomizer, keyless door access, seat belt buzzers air bag sensor, air flow sensor, audible alarms, knock sensors, tire pressure sensor in automotive industry. In addition, rising fuel economy can be accomplished in a variety of ways. Lighter vehicles can help increase the fuel mileage with more lightweight sensors and equipment.

Increasing use in electronic devices

Piezoelectric actuator is used in various electronics devices such as piezoelectric printers, piezoelectric speakers, buzzers and humidifiers to drive an ultrasonic nozzle, and ultrafine focusing of optical assemblies. In virtually every application that needs to generate sound efficiently from a small electronic device, piezoelectric speakers are featured in. This type of speaker is typically inexpensive to produce fairly large volume of sound and require little power. Also, piezoelectric speakers generate sound in digital quartz watches and other electronic devices. Engineers sometimes use it as tweeters in less-expensive speaker systems, such as computer speakers and portable radios. It also produces ultrasound in sonar systems. Furthermore, a piezoelectric speaker has many advantages over traditional speakers as they are resistant to overloads that would normally destroy most high frequency drivers. Earlier in the COVID-19 pandemic, there was global witness to a moderate growth trend in the electronics market. The global electronics industry faced double effect after the pandemic but considering the plus side, people now will get more time to read Electronic Design’s print issues and online articles, owing to which it is expected the growth of market in the forecast period.

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Challenges –Composites Piezoelectric Material Market

High Temperature Challenges

Development of high temperature piezoceramics has been a tougher challenge to meet. Most high temperature piezoelectric material systems suffer from low piezoelectric coefficients and are only suitable for sensor applications. Major challenges in producing high temperature piezoelectric are increase of Curie temperature without an increase in loss tangent and demonstrate high piezoelectric activity. Excess Bi2O3 proved to be a successful liquid phase forming additive to improve the BS-PT piezoceramics for high temperature applications, as a result of increased resistivity and enhanced piezoelectric activity through microstructure engineering.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Composites Piezoelectric Material Market. Major players in the Composites Piezoelectric Material Market are Harris Corp., Morgan Technical Ceramics, Smart Materials Corp., MSI Tranducers Corp., Noliac A/S, APC International, PI Ceramic, Mad City Labs, Inc., Piezo Kinetics, Inc., Sparkler Ceramics Pvt. Ltd. among others.

Key Takeaways

APAC dominates the Composites Piezoelectric Material Market due to increasing use of piezoelectric automotive sensor technology for smarter and safer cars in automotive industry.

Increasing use of piezoelectric composites in transducer performance for medical imaging ultrasounds and other acoustic transducers in biomedical industry is expected to boost the demand of Composites Piezoelectric Material Market in the forecast period.

Use of polymeric piezoelectric composites for energy harvesting applications will drive the Composites Piezoelectric Material in the projected period.

Manufacturing and Construction Industry is being significantly affected due to the COVID-19 pandemic as they depend on workers whose jobs cannot be carried out remotely. In the current situation this factor restricts the growth of the composites piezoelectric material market.

Related Reports :

A. Composite Materials Market

https://www.industryarc.com/Report/246/composite-materials-market-analysis-report.html

B. Functional Composites Market

https://www.industryarc.com/Report/16467/functional-composites-market.html

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