Piezoelectric MEMS Sensor Market- By Size, By Energy Source, By Piezoelectric Materials, By Device , By Industry, By Application, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Piezoelectric MEMS Sensor Market Overview

Piezoelectric MEMS Sensor Market is forecast to reach $ 3.4 billion by 2030, after growing at a CAGR of 5.5% during 2024-2030. The Piezoelectric MEMS Sensor Market is witnessing robust growth driven by its versatile applications across various industries. Piezoelectric sensors utilize materials such as Barium titanate and Lead zirconate titanate to measure electrical charge, making them immune to environmental factors like dust, dirt, liquids, and capable of operating in high temperatures and humidity levels. In the semiconductor industry, the demand for smart devices has fueled the adoption of piezoelectric sensors. These sensors are adept at withstanding harsh conditions prevalent in the aerospace industry, where they measure variables like strains and mechanical changes in aircraft structures. This has created significant opportunities for market growth. The market assessment encompasses a comprehensive analysis of applications, end-user industries, energy sources, and geographical regions. Major application areas include aerospace & defense, industrial & manufacturing, automotive, healthcare, telecommunication, consumer electronics, and others. The trend towards miniaturization has further propelled the demand for piezoelectric sensors, as they enable the development of small, integrated computing devices with communication capabilities. Additionally, the proliferation of wireless sensing networks and IoT deployment has contributed to the increasing demand for piezoelectric sensors globally. As a result, the Piezoelectric MEMS Sensor Market is experiencing healthy growth driven by its versatility, resilience, and increasing demand across a wide range of industries. With ongoing technological advancements and the continued adoption of IoT and wireless sensing networks, the market is poised for further expansion in the coming years.

Market Snapshot:

Report Coverage

The report: “Piezoelectric MEMS Sensor Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Piezoelectric Sensor Industry. 

By Energy Source: Mechanical, Electromagnetic, Thermal, Chemical, Optical

By End Use Industry: Industrial, Manufacturing & Engineering, Automotive, Healthcare, Telecom, Aerospace, Oil & Gas, Others

By End-User: Enterprise, Civilian

By Size: Bulk, Thin Film

By Device: FBARs, Oscillators, Vibration Energy Harvester and Others.

By Application: Microphone, Speaker, Camera, PMUT, Optical Phase Shifters and Others.

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

Key Takeaways

• APAC dominates the Piezoelectric MEMS Sensor Market with a share of 38%, driven by smart sensing tech adoption across sectors, like vehicle safety regulations in the APAC region.
• The huge potential market for wireless sensors that run on power derived from mechanical energy sources is set to significantly boost the demand for piezoelectric sensors over the next few years. Furthermore, these sensors are gaining momentum due to rising power densities and higher feasibility for practical applications.
• According to AECOM statistics, APAC is the major region with a rising number of cities with more than 50,000 population. The growing urbanization makes it inevitable for the government to increase the rate of construction in various countries, this highly influences the growth of these piezoelectric sensors for home automation applications

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By Energy Source – Segment Analysis

The Mechanical Piezoelectric Sensor segment held the largest share of the Piezoelectric MEMS Sensor Market in 2023. The Piezoelectric MEMS Sensor Market is experiencing robust growth driven by increasing demand across mechanical applications. These sensors, renowned for its ability to convert mechanical stress into electrical signals, are witnessing heightened adoption in diverse sectors such as automotive, healthcare, and aerospace. The escalating demand stems from its pivotal role in precise measurement, monitoring, and control of mechanical variables, enhancing operational efficiency and safety standards. Additionally, advancements in technology, coupled with growing industrial automation trends, are further propelling market expansion. As industries strive for heightened accuracy and reliability in mechanical systems, the Piezoelectric MEMS Sensor Market is poised to continue its upward trajectory, poised for sustained growth in the foreseeable future.

By End use Industry – Segment Analysis

The healthcare end-user industry holds the largest share of the Piezoelectric MEMS Sensor Market in 2023. The healthcare end-user industry commands the most significant portion of the Piezoelectric MEMS Sensor Market share due to its diverse applications in medical devices and diagnostic equipment. For instance, the Indian government's commitment to raise public health spending to 2.5% of GDP by 2025 will positively impact the hospital sector, ensuring improved resources and services for better healthcare outcomes. Also, As of November 24, 2023, the global market boasts an estimated 2 million medical device varieties across over 22,000 generic groups. With a heightened focus on healthcare infrastructure enhancement, demand for these sensors, vital for medical devices and diagnostics, is set to surge. Additionally, the demand for Piezoelectric Sensors in healthcare is driven by its precise sensing capabilities, which are vital for monitoring vital signs, detecting abnormalities, and facilitating minimally invasive surgeries. Moreover, advancements in medical technology continue to expand the utility of Piezoelectric Sensors, fueling the adoption across various healthcare domains such as cardiology, orthopedics, and neurology. As healthcare providers prioritize patient care quality and operational efficiency, the demand for reliable sensing solutions like Piezoelectric Sensors is expected to persist and grow further.

By Geography – Segment Analysis

APAC held the largest share of the Piezoelectric MEMS Sensor Market in 2023 up to 38%, driven by the burgeoning adoption of smart sensing technology across diverse sectors to meet safety and efficiency imperatives. Particularly, stringent APAC region government regulations aimed at bolstering vehicle safety have spurred the utilization of piezoelectric sensors in vehicle stability systems for instance, As of October 2023, the Indian government has made it mandatory for all cars sold in the country to be equipped with a minimum of six airbags, enhancing passenger safety standards nationwide. This trend underscores the pivotal role of piezoelectric sensors in enhancing safety measures and operational effectiveness across various industries within the region. As a result, APAC is emerged as a significant hub for piezoelectric sensor demand, reflecting a trajectory characterized by innovation, regulatory compliance, and a commitment to advancing technological solutions for heightened performance and reliability.

Drivers – Piezoelectric MEMS Sensor Market

Growing Demand in the Automotive Industry 

Piezoelectric sensors are widely used in automotive applications for various functions such as airbag deployment, tire pressure monitoring systems (TPMS), engine knock detection, and fuel injection systems. The increasing adoption of advanced driver assistance systems (ADAS) and the development of electric and hybrid vehicles further propel the demand for piezoelectric sensors. For instance, The European Union (EU) forecasts ADAS installation costs at $36 billion spanning 2026-2041, reflecting growing investment in automotive safety and automation technologies. As a result, there is a growing demand for of advanced driver assistance systems, highlighting a significant opportunity for piezoelectric sensor manufacturers to cater to this burgeoning automotive market segment.
Rising Advancements in Consumer Electronics
Consumer electronics manufacturers integrate piezoelectric sensors into devices such as smartphones, wearables, and touchscreens for functionalities like haptic feedback, gesture recognition, and user interface enhancement. With the increasing adoption of smart devices and the development of innovative sensor technologies, the consumer electronics segment remains a significant driver for the Piezoelectric MEMS Sensor Market. 

Challenges – Piezoelectric MEMS Sensor Market

High Cost Associated with The Piezoelectric Sensor

The Piezoelectric MEMS Sensor Market faces significant challenges with costs, particularly in price-sensitive industries. Manufacturers are under pressure to reduce production expenses without compromising product quality or performance. This balancing act requires innovative strategies to streamline manufacturing processes, optimize resource utilization, and explore cost-effective materials sourcing. Overcoming these challenges is crucial for ensuring competitiveness and meeting the demands of industries reliant on piezoelectric sensors. Adaptation to cost-efficient practices while preserving quality remains a pivotal focus for stakeholders in navigating this market landscape.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies players adopt in the Piezoelectric MEMS Sensor Market. Major players in the Piezoelectric MEMS Sensor Market are APC International Ltd, Ceramtec GmbH, Physik Instrumente (PI) GmbH & Co. KG, TDK Electronics, Piezosystem Jena GmbH, CTS Corporation, Honeywell International Inc., Kistler Group, Parker Hannifin Corporation, TE Connectivity Ltd, among the others.

Acquisitions/Technology Launches

• In April 2023, TDK Corporation (TSE 6762) unveiled its cutting-edge sensor innovations and passive components for automotive, industrial, and medical sectors at Sensor+Test and PCIM events from May 9 to 11 in Nuremberg, Germany. Featuring magnetic sensors, motor control solutions, temperature and pressure sensors, piezoelectric sensors, ultrasonic modules, and accelerometers at booth 204 in hall 1, TDK demonstrates its commitment to diverse applications.
• In June 2022, CTS Corporation has finalized its acquisition of Ferroperm Piezoceramics from Meggitt PLC for 525 million Danish Krone. Specializing in high-performance piezoceramic components for medical, industrial, and aerospace applications, Ferroperm's innovative technology and quality products have garnered recognition. With its base in Kvistgaard, Denmark, Ferroperm boasts a robust customer presence in Europe and North America.

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