Piezoelectric Sensor Market Size, Share, Opportunities, And Trends By Type (Pressure Sensor, Accelerometer Sensor, Pin-type Sensor, Force Sensor, Others), By Product Type (Piezo Cables, Piezo Films, Piezo Films Sheets, Piezo Switches), By End-User Type (Automobile, Aerospace and Defence, Medical and Healthcare, Electrical & Electronics, Others), And By Geography - Forecasts From 2023 To 2028

The global piezoelectric sensor market is estimated to grow at a CAGR of 7.52% during the forecast period.

The piezoelectric sensor market is anticipated to show steady growth during the forecast period. Piezoelectric sensors are instrument which detect mechanical changes in the environment and generates an electrical signal. Such sensors are majorly used in ultrasonic applications, healthcare, and industrial automation. High reliability and rise in piezoelectric sensor application are driving the growth of the piezoelectric sensor market.

Market Drivers

• Surging healthcare sector bolsters the piezoelectric sensor market growth.

Piezoelectric sensors due to their high sensitivity and accuracy play a vital role in healthcare applications such as pressure sensing, ultrasound imaging, and pulse monitoring. The growing technological innovations to enhance ultrasound imaging coupled with the booming healthcare infrastructure and medical facilities establishments have provided a positive market outlook.

• The rise in aerospace applications drives piezoelectric sensors market growth.

Piezoelectric sensors are suitable for many aerospace applications which deliver a range of functionality in airplanes. Due to their measurement capabilities and accuracy piezoelectric sensors are in demand and significantly growing in aerospace sectors. Piezo accelerometers, flow meters, gyroscopes level sensors are in demand for aerospace. Various product innovation are taking, for instance APC International APC 850/855 for aerospace applications, its a soft ceramic piezoelectric material used for piezo accelerometers, gyroscopes level sensors, pressure sensors, and flow meters. This helps aerospace industry to monitor real-time air pressure and gyroscope level in their planes.

• Booming demand in automotive industry drives the piezoelectric sensors market expansion.

Automotive industry uses piezoelectric sensors to detect airbag deployment and collision of vehicles after an accident. Rise in awareness of vehicle safety coupled with booming automotive demand on a global scale has increased the demand of such type of sensors in automotive industry to monitoring tyre pressure, airbags deployment, engine management, anti-lock braking systems (ABS). According to the International Organization of Motor Vehicle Manufacturers, in 2022, global automotive production stood at 85.01 million units which signified an increase of 6% over 2021’s production volume of 80.5 million units.

North America is expected to dominate the market

North America is projected to account for a major share of the piezoelectric sensors market owing to the region’s increasing aerospace and automotive industry. North America has advanced manufacturing capabilities in automotive sector which supports the growth of the piezoelectric sensor market. According to the International Organization of Motor Vehicle Manufactures, in 2022, USA’s automotive production reached 10.06 million units thereby representing a 10% in increase in production scale over 2021. Furthermore, major players namely CTS Corporation are expanding their sensors portfolio through strategic acquisition which is acting as an additional driving factors regional market growth. In March 2022, CTS Corporation has acquired industry leader, TEWA temperature piezoelectric sensor. TEWA temperature sensor is advanced manufacturer of high-quality temperature sensor. It contributes to innovation and growth in the region.

Market Challenges

• High cost and maintenance will restrain the piezoelectric sensor market growth.

The growth of the piezoelectric sensor industry may be restrained by their pricing cost, maintenance, and calibration. High-quality piezoelectric sensors can be costly, especially for specialized applications. Cost considerations may limit their use in some industries or applications, as to ensure accuracy and reliability, piezoelectric sensors require frequent calibration and maintenance which can raise the overall cost of ownership.

Market Developments

• August 2022- TDK Corporation offers AFA screw mounted pressure transmitter for a variety of industrial applications. It is designed for a wide pressure range and offers a high measuring accuracy. It is suitable for pressure measurement and provides a precise calibrated analogue output signal with high immunity to electromagnetic interference.

Company Products

• PCB ICP Shock Accelerometer Sensor- Piezoelectric ICP accelerometers have a high signal and the convenience of two wire electrical connectivity. Internal mechanical isolation reduces the high frequency stress that would otherwise be experienced by their ceramic sensing elements. Their inherent toughness allows them to be severely out of range without suffering damage.
• TE Connectivity Piezo Film Sensor - TE Connectivity piezoelectric sensors provide sustainable vibration, accelerometer, or dynamic switch elements. Piezo sensors and transducers are available in a variety of packages including cable, film, and miniature elements. Sensor features include frequency response, operating temperatures, dynamic ranges, and high mechanical strength.
• Kistler Pressure Sensor- Kistler offers both piezoelectric sensors to measure pressure. Kistler piezoresistive pressure sensors can measure both static and quasi-static pressure. These pressure sensors can detect dynamic highly dynamic and quasi-static pressure curves or pulsations.

Piezoelectric Sensor Market Scope:

 

Report Metric	Details
Growth Rate	CAGR of 7.52% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Product Type, End-User, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	PCB Piezotronics Inc (Amphenol), CTS Corporation, TE Connectivity, Kistler Group (Kistler Holding AG), Sensor-Works Ltd, PARKER HANNIFIN CORP
Customization Scope	Free report customization with purchase

 

Segmentation-

• By Type
  • Pressure Sensor
  • Accelerometer Sensor
  • Pin-type Sensor
  • Force Sensor
• By Product Type
  • Piezo Cables
  • Piezo Films Sheets
  • Piezo Switches
• By End User
  • Automobile
  • Aerospace & Defence
  • Medical & Healthcare
  • Electrical & Electronics
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia- Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. PIEZOELECTRIC SENSORS MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Pressure Sensor

5.3. Accelerometer Sensor

5.4. Pin-type Sensor

5.5. Force Sensor

5.6. Others

6. PIEZOELECTRIC SENSORS MARKET ANALYSIS, BY PRODUCT TYPE

6.1. Introduction

6.2. Piezo Cables

6.3. Piezo Films Sheets

6.4. Piezo Switches

7. PIEZOELECTRIC SENSORS MARKET ANALYSIS, BY END-USER

7.1. Introduction

7.2. Automobile

7.3. Aerospace & Defense

7.4. Medical & Healthcare

7.5. Electrical & Electronics

7.6. Others

8. PIEZOELECTRIC SENSORS MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1.  Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. UK

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Australia

8.6.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. PCB Piezotronics Inc (Amphenol)

10.2. CTS Corporation

10.3. TE Connectivity

10.4. Kistler Group (Kistler Holding AG)

10.5. Sensor-Works Ltd

10.6. PARKER HANNIFIN CORP

PCB Piezotronics Inc (Amphenol)

CTS Corporation

TE Connectivity

Kistler Group (Kistler Holding AG)

Sensor-Works Ltd

PARKER HANNIFIN CORP