Lucintel's latest market report analyzed that piezo-ceramic provides attractive opportunities in the industrial & manufacturing, automotive, information & telecommunication, and medical devices applications. The piezo-ceramic market is expected to reach $1.95 billion by 2028 with a CAGR of 6.2%. In this market, lead zinc titanate is the largest segment by product type, whereas medical device is largest by application.
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Based on product type, the piezo-ceramic market is segmented into lead zinc titanates, lead titanate, lead magnesium niobate, and others. The lead zinc titanate 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 increasing utilization of these piezo-ceramic owing to its high sensitivity and operating temperature.
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The Piezo-ceramic Market is marked by the presence of several big and small players. Some of the prominent players offering piezo-ceramic include Aerotech, APC International, CeramTec GmbH, CTS Corporation, and Kistler Group.
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