Piezoelectric materials are crystalline materials
that exhibit voltage between the two ends when subjected to pressure. They are
a special type of functional material that can generate charges when subjected
to mechanical stress or mechanical deformation when subjected to an electric
field. Piezoelectric materials play an important role in many application
fields such as electronic devices, sensors, acoustic equipment, medical equipment,
precision instruments, etc.
Introduction to Subdivision Types
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Inorganic
Piezoelectric Materials
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Divided
into piezoelectric crystals and piezoelectric ceramics. Piezoelectric
crystals generally refer to piezoelectric single crystals; Piezoelectric
ceramics generally refer to piezoelectric polycrystals.
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Organic
Piezoelectric Materials
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Also
known as piezoelectric polymers, such as polyvinylidene fluoride (PVDF) (thin
film) and other organic piezoelectric (thin film) materials represented by
it.
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Composite
Piezoelectric Materials
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This
type of material is composed of sheet, rod, or powder piezoelectric materials
embedded in organic polymer substrates.
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Piezoelectric ceramic sub-products occupied the largest market share,
with 44.59% in 2023.
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Source: www.globalmarketmonitor.com
Overview of Market Development and Analysis of Competitive Landscape
In recent years, driven by the demand in the electronics and communication fields, the global piezoelectric material industry market has shown a stable upward trend. The data shows that the global piezoelectric material market size was $1179 million in 2023, with an increase of 5.39% compared to 2022.
In the coming years, with the continuous emergence and popularization of emerging technologies such as the Internet of Things (IoT), wireless charging, and automotive electronics, the demand for piezoelectric materials is expected to further increase. In addition, due to the use of piezoelectric materials in ultrasound imaging, medical ultrasound, and in vitro diagnostic equipment, the medical field is also a potential growth area. It is expected that by 2028, the global market size of piezoelectric materials will increase to $1547 million.
From the perspective of market competition, the concentration of the global piezoelectric material market is low. Data shows that in 2023, the top 3 companies in the industry achieved a total revenue of $196 million in the piezoelectric material market, with a total revenue share of only 16.60%. The top three companies were Meggitt PLC, Johnson Matthey, and Harris Corporation. In 2023, these three companies accounted for 5.78%, 5.59%, and 5.23% of the global piezoelectric material market revenue, respectively.
Global Piezoelectric Material Market Size and Competitive Landscape Analysis
Source: www.globalmarketmonitor.com
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