Piezoelectric Sensor Market - Forecast(2024 - 2030)

The global piezoelectric sensor market is estimated to cross $2.3 billion by 2023 growing at CAGR 5.08% during the forecast period 2018-2023. Increasing demand for miniaturization gives rise to advance models of computing as small and integrated devices working collaboratively with communication capabilities, thus enhancing the growth of piezoelectric sensors market across the various industries. Moreover, surging wireless sensing networks and IOT deployment are further proliferating the demand for piezoelectric sensor across the globe.

Piezoelectric sensors measure the electrical charge by utilizing piezoelectric materials that include Barium titanate, Lead zirconate titanate, and many others. Piezoelectric sensor are being developed to be immune to dust, dirt, grime, and liquids, and can work in high temperatures and humidity levels. Therefore, growing applications in semiconductor industry acts as one of the major driver for position sensor market. Piezoelectric sensor market is experiencing a healthy growth rate over the few years due to increasing demand for the smart devices.

In aerospace industry, the flight environment is quite harsh due to changes in humidity, temperature, pressure, speed, & loading conditions and these effects cause a lot of stress to the aircraft frame. Piezoelectric sensors are being employed to measures variables such as strains and other mechanical changes to the structure, thus creating opportunities for the growth of market.

This report incorporates an in-depth assessment of piezoelectric sensor market by applications, end user industry, energy source, and geography. The major types of applications encompassed in the scope includes aerospace & defense, industrial & manufacturing, automotive, healthcare, telecommunication, consumer electronics, and others. 

Currently, measuring parameters of the solid particles present in a gas or liquid flow in an industrial process are rapidly increasingly due to regulatory requirements for the quality check of process efficiency, pollutant emissions and product quality. Therefore, industrial and manufacturing segment is considered one of the major application of piezoelectric sensors and utilized for various appliances that include smart metering, smart transportation, smart grid, smart traffic, and others.

The major companies referred in the market research report includes TE Connectivity (U.S.), CTS Corporation (U.S.), Spectris (U.K.), First Sensor AG (Germany), Parker Hannifin Corporation (U.S.) and others.

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

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