The global piezoelectric sensors market is forecast to grow at a significant CAGR during the forecast period.The growth of the global piezoelectric sensors market attributed to their various applications in different industry verticals such as Industrial & Manufacturing, Automotive, Healthcare, Consumer Electronics, and Others (Aerospace, and Information & Telecommunication). Due to the varying consumer demands for fast, reliable, and strong miniaturized products, piezoelectric sensors exhibit higher penetration in the consumer electronics industry. Also, these sensors are widely being used in aerospace, automotive, and defense sector as they have the ability to function properly even under an electromagnetic field.

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Automotive sector to contribute to the growth of the market

Based on the applications, the automotive sector is amongst the key consumer segments that significantly utilizes piezoelectric sensors for various applications. Piezoelectric sensors are widely utilized in the automobile sector for manufacturing seat belt buzzers airbag sensors, airflow sensors, knock sensors, and tire pressure sensors. Thus, the growth in the automotive sector is expected to positively affect market growth in recent yearsacross the globe. Further, according to the International Organization of Motor Vehicle Manufacturers (OICA), in 2016, the total production of vehicles was 4.9% more than that of 2015, and in 2017 it was valued about 2.1% more as compared with production statistics of 2016. With growing automobile productions yearly across the globe, the demand for piezoelectric sensors is likely to get increased.

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The key market players operating in the global piezoelectric sensors market includeHarris Corp., APC International Ltd., CTS Corp., and Piezocryst Advanced Sensorics GmbHamong others. These players mainly focuson various strategies in order to remain competitive in the market. Strategies such as mergers & acquisitions, partnerships & collaborations, product launch, geographical expansion among others are majorly adopted by the market players. Additionally, in order to cope up with the on-going technological advancements in a similar industry, the market players are also focusing on their R&D activities.

Current Market Trends Covered in the market report:

An increase in the automotive sector is positively affecting the piezoelectric sensormarket growth.
Shifting of consumer preferences toward the use of novel and advanced products is expected to provide a growth rate to the piezoelectric sensor market
Pressure Sensorssegment will account for significant growth in the market
The novel innovations and geographical expansions will be the key strategy of the players
The Asia-Pacific will register a significant growth rate in the market

The Report Piezoelectric Sensors Market - Segmented by Type and Applications

By Type

Force Sensors
Pressure Sensors
Temperature Sensors
Others (Accelerometers)

By Application

Industrial & Manufacturing
Automotive
Healthcare
Consumer Electronics
Others (Aerospace, and Information & Telecommunication)

The Report Piezoelectric Sensors Market – Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

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