Lucintel's latest market report analyzed that piezoelectric speaker provides attractive opportunities in the automotive electronic, alarm, toy, and timer applications. The piezoelectric speaker market is expected to reach $717.9million by 2028 with a CAGR of 6.5%. In this market, active piezo is the largest segment by product type, whereas alarm is largest by application.
Based on product type, the piezoelectric speaker market is segmented into active piezo and passive piezo. The active piezo 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 its extensive use in sensors, actuators, and vibration because of their capability to transform mechanical energy into electrical energy.
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The Piezoelectric Speaker Market is marked by the presence of several big and small players. Some of the prominent players offering piezoelectric speaker include TDK, Hokuriku Electric Industry, Murata, Kingstate Electronics, and Sonitron.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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