Piezoelectric Actuators And Motors Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

The global piezoelectric actuators and motors market is expected to witness significant growth over the forecast period owing to several benefits offered by piezoelectric such as reliability and cost-effectiveness. Piezoelectric actuators and motors, once a technological novelty has gradually entered the mainstream market and is expected to witness significant demand and sales volumes. Piezoelectric actuators convert electrical energy into mechanical stress or displacement through a piezoelectric effect. These actuators are electromechanical motors working on the solid-state piezo mechanical deformation effect of piezoceramics. Piezoelectric elements have exemplary responsiveness and conversion competence, leading to the development of several piezoelectric actuators handling the piezoelectric effect of piezoelectric elements. Piezoelectric actuators and motors utilize the piezoelectricity of crystal along with controlling the mechanical displacement at an efficient speed.

Piezoelectric actuators are at a crucial stage of development into a varied component market. The market is poised for growth owing to increasing demand for high volume and low-cost autofocus assemblies postulated in phone cameras. The demand for ultra-small scale motion devices and manufacturing inspection equipment combined with moderate cost ink printing cartridges has been rising considerably. Surging demand across the medical and automotive sectors is estimated to propel demand in the global piezoelectric actuators and motors market over the next few years.

Benefits offered by piezoelectric actuators pertaining to speed and size are further expected to fuel market growth. Reliability, resolution, vacuum compatibility, and dynamics are some other factors that drive the piezoelectric actuators and motors market growth. Several benefits offered by piezo actuators and motors such as eliminating the need for gear reduction and high-speed are also expected to favorably impact market growth.

The widespread usage of piezoelectric actuators in the microelectronics and semiconductors industry, optics, telecommunication, biology, photonics, and metrology sector is projected to spur market growth significantly over the next few years. Piezoelectric actuators and motors find wide application in vibration cancellation, gene manipulation, machine tool alignment, fiber tool alignment, active damping, shockwave generation, wafer mask alignment, and image stabilization, which is also expected to drive the global piezoelectric actuators and motors market growth over the coming years.

Ultrasonic Motors (USMs) are a class of piezoelectric motors. USMs hold a comparative edge over the electromagnetic motors owing to its high torque low rotational speed, high stall torque mark ratio, making speed-reducing gears superfluous.

Growing demand across various applications such as camera phones, microelectronic production, semiconductors, precision mechanics, photonics, optics, nanometrology, robots, HVAC control system, and micro-surgery tools may spur the market demand for piezoelectric actuators and motors. The piezoelectric operated actuator and the motor industry are expected to exhibit high growth due to increasing adaptability by manufacturers coupled with hike in demand by consumers for an extremely long cycle and high power density provided by the piezomotors.

The piezoelectric actuators and motors market can be segmented by application and geography. The application market consists of autofocus mechanism kits in digital cameras and phones, high-precision micron to nanoscale applications, microscope applications for autofocus and image stabilization, automotive fuel injectors, fluid flow applications, piezo ink cartridge applied in printers, and portable ultrasonic diagnostic devices along with surgical/medical instruments and miscellaneous applications such as Braille reading devices, textile engineering, active vibration reduction devices, and MEMS piezo actuators.

The manufacturing and industrial segment are estimated to account for a significant market share in the global piezoelectric actuators and motors market closely followed by the automotive industry. However, a surge in demand across the information and telecommunication sector along with medical instruments are also anticipated to witness significant market growth over the forecast period.

North America is estimated to account for significant market share in the piezoelectric actuators and motors market over the next six years. Europe is also expected to exhibit substantial market growth owing to the technological advancements coupled with the growing demand for the piezoelectric actuators and motors.

Key market participants include Advanced Cerametrics Inc., Austriamicrosystems Inc., Heason Technology Ltd., Micromo Electronics Ltd., Nanomotion Ltd, Samsung ElectroMechanics Co Ltd., Seiko Instruments Inc., Morgan Electroceramics Ltd., Mad City Labs Inc., Prior Scientific Ltd., and Ceratec Inc.