Lucintel's latest market report analyzed that piezoceramic actuator provides attractive opportunities in industrial & manufacturing, automotive, consumer electronic, medical, and military markets. The piezoceramic actuator market is expected to reach $2.7 billion by 2028 with a CAGR of 5%. In this market, stack is the largest segment by product type, whereas industrial & manufacturing is largest by application.

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Based on product type, the piezoceramic actuator market is segmented into stack actuators and stripe actuators. The stack 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 the escalating need for this actuator to generate a low stroke with a strong blocking force.

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The PiezoceramicActuator Market is marked by the presence of several big and small players. Some of the prominent players offering piezoceramic actuator include TDK Corporation, Murata Manufacturing, KEMET, CTS, and TAIYO YUDEN.

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