Lucintel's latest market report analyzed that piezoelectric material provides attractive opportunities in the automotive, healthcare, IT & telecom, aerospace & defense, and consumer goods industries. The piezoelectric material market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, piezoceramics is the largest segment by material, whereas consumer goodsis largest by end use industry. Promising newer applications of piezoelectric polymers in piezoelectric actuators, increasing adoption in flexible and wearable electronics devices, emerging use in of piezo film sensors in active vibration damping applications provides strategic growth path in this market.
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Based on material, the piezoelectric material market is segmented into piezoceramics, piezopolymers, piezocomposites and others. The piezoceramics segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand for ceramic-based lead zirconatetitanate (PZT) materials as PZT material has a high dielectric constant, piezoelectric constant and excellent capability for producing high piezoelectric voltage corresponding to force pressure or vibration.
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The Piezoelectric Material Market is marked by the presence of several big and small players. Some of the prominent players offering piezoelectric material include PI Ceramic, Harris Corporation, CeramTec GmbH, APC International, Morgan Technical Ceramics, CTS Corporation, and Mad City Labs.
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