Piezoelectric Sensors Market: Global Demand Analysis & Opportunity Outlook 2036


Posted March 11, 2024 by david843346

Research Nester’s recent market research analysis on “Piezoelectric Sensors Market: Global Demand Analysis & Opportunity Outlook 2036”

 
Research Nester’s recent market research analysis on “Piezoelectric Sensors Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global Piezoelectric sensors market in terms of market segmentation by sensor type, vibration mode, type, end user, and by region
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High Resistance to Rigid Conditions to Promote Global Market Share of Piezoelectric Sensors Market
The global piezoelectric sensors market is estimated to grow majorly on account of increased use of aircrafts, as piezoelectric sensors are used for a wide range of functions in the aeronautics sector. Piezoelectric sensors grew in demand on the account of growth coming from aeronautics sector owing to its huge range of functions in aircrafts, including their measurement capacity & accuracy. There is a constant demand of piezo accelerometers, flow meters, gyroscopes and level sensors in the aeronautics sector. Restructuring of various products, such as APC International’s APC 840/841 and 880 are proprietary hard ceramics piezoelectric material which is made from a formula of high purity lead zirconate titanate, it is used for the production of high-power actuators, high frequency transducer and ultrasonic cleaners.
Growth Drivers:
• Increasing demand of piezoelectric sensors in the automobile industry as it used for manufacturing sensors for deployment of airbags.
• High Utilization in healthcare sector due to its high precision and sensitivity.

Challenges:
The high cost of specialized materials like lead zirconate titanate which is a ceramic perovskite material used for making piezoelectric sensors. The high cost of the material can be attributed to the low availability of raw material due to the demand and supply disruption and factors including measures approved by policymakers. In addition to that the high cost of designing instruments and installing devices with piezoelectric sensors may be very expensive for limited. Making it very difficult for manufacturers to compete on price and especially in manufacturing cost efficient applications. Hence, these are the factors credited to restraint the market growth of piezoelectric sensors market in the forecast period.

By end user, the piezoelectric sensors global market is segmented into healthcare, IT & telecom, defense & aerospace, industrial manufacturing, automotive, oil & gas. The healthcare segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The segment growth is attributed to the inflated use of piezoelectric sensors in various healthcare application, such as ultrasonic scalers for the removal of plaque using dental scales scanners and for medical imaging, ultrasonic surgery instruments. Furthermore, piezoelectric sensors have a robotic surgery equipment. According to major market surveys between 2012 and 2022 the rate of robotics surgery globally grew by 1.8% to 21.5%.
By region, the European market is to generate the ample revenue by the end of 2036. This growth is anticipated by the growing demand in piezoelectric devices in various industries which include automotive, aerospace, medical and industrial in region. The regional automotive industry driven by countries like Germany and U.K. are attributing to major share in the market with the addition of piezoelectric sensors in electric vehicles. The electric car battery can be charged by the electricity generated by the piezoelectric transduction device. According to European Environment Agency electric vehicles accounted for 12.2% of total new car registration in 2002.
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Issued By research nester
Country Iraq
Categories Business
Last Updated March 11, 2024