Piezoelectric Devices Market - Strategic Insights and Forecasts (2026-2031)

The Piezoelectric Devices market is forecast to grow at a CAGR of 5.9%, reaching USD 39.55 billion in 2031 from USD 29.67 billion in 2026.

Piezoelectric devices can convert an acoustic wave into a radio frequency wave or vice versa. Such devices can measure alterations in temperature, force, acceleration, and pressure by converting them into electronic charges. Due to their rich performance benefits, piezoelectric devices are ideal for speakers, energy harvesters, medical devices, navigation equipment, and speakers and microphones.

The increasing smartphone penetration and utilization of smart medical devices are anticipated to bolster the global market expansion. Moreover, the increasing use in the military and aerospace industries is expected to drive up the market demand for piezoelectric devices. The Asia Pacific region has been reported to have the major market share, due to the increasing advancements in technology and the booming end-user growth, such as the electronics industry.

Growth Drivers:

• Increasing defence expenditure has propelled the market expansion.

A country’s defence sector plays a critical role in safeguarding national security, supporting strategic interests, and maintaining geopolitical stability. In recent years, governments worldwide have continued to strengthen their military capabilities in response to rising regional conflicts, security threats, and shifting global power dynamics. According to the latest report from the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached approximately US$2.89 trillion in 2025, marking the eleventh consecutive year of growth. Military spending increased by 2.9% compared to 2024, while the average share of government expenditure devoted to defence stood at 6.9%. Heightened tensions stemming from the Russia–Ukraine conflict, instability in the Middle East, strategic competition in the Indo-Pacific region, and broader security concerns have encouraged many nations to expand defence budgets and modernize military capabilities. These trends continue to drive investments across defence technologies, equipment procurement, surveillance systems, and military infrastructure worldwide.

Nations fear the war might have a bigger effect if it expanded to other countries. Hence, most countries are expected to increase their expenditures further to strengthen their military and defence capabilities. With the extensive use of piezoelectric devices in manufacturing military aircraft, smart weapon systems, energy harvesting systems, navigation systems in ships and submarines, and more, such advancements in the military and defence sectors are expected to drive up demand for piezoelectric devices.

• Developments in energy harvesting technology have stimulated market growth.

The collecting and storage of ambient energy and its conversion into electrical energy for use when required are achieved through the use of piezoelectric transducers, which facilitate the use of a wide range of input frequencies. Wind generators, solar panels, and other energy harvesters are the most common applications for such transducers.

Likewise, rapid technological innovation in consumer electronics, such as smartwatches and smart wearables, has paved the way for future market expansion, with various universities and research institutes investing in such technology. For instance, engineers from the University of Edinburgh have developed wearable mechanical devices that are self-chargeable and controlled by movement. This technology uses the piezoelectric material and is claimed to be twice as powerful and efficient as existing smartwatch technology. These advancements would be crucial in developing sustainable wearable technology and are expected to increase the demand for energy harvesting technology.

With the increasing prevalence of energy-efficient and renewable technology, the demand for piezoelectric devices is expected to increase. Moreover, with the advancements and growing demand for the electric vehicle market, the piezoelectric device market is expected to rise.

Geographical Outlook:

• Asia Pacific will hold a considerable share of the market.

Asia Pacific is anticipated to account for a considerable market share attributable to the bolstering growth in major end-users such as manufacturing, automotive, and communication technology. Asia Pacific is considered the manufacturing hub of the world. With the booming consumer demand, the overall scale of manufacturing output has witnessed a significant surge in major APAC nations, namely China, India, Japan, and South Korea.

According to China’s National Bureau of Statistics, in 2023, the country’s equipment manufacturing witnessed 6.8% growth, and value-added industrial output rose to 4.3%. Likewise, according to the February 2024 PIB release, India’s manufacturing sector experienced 11.6% growth in Q3 of 2023.

Furthermore, according to the International Organization of Motor Vehicle Manufacturers, in 2023, Japan’s automotive production witnessed a 14% growth, followed by China with 11.6% and India with 7.6% compared to 2022.

Market Restraints:

• Complexity in product design will pose a challenge to market growth.

The growing utility of piezoelectric devices is propelling their market demand. However, the growing trend of manufacturing smaller devices to meet the consumer’s demand for miniaturized devices has created a challenge for the piezoelectric device manufacturers. A significant amount of time and effort is dedicated to designing devices that consume less power while offering high functionality. These devices are used in various applications such as audio/mobile devices, non-invasive medical equipment, speakers, and sonar devices.

• Raw material availability will restrain the market expansion.

The usefulness of a device design depends on selecting the proper materials and developing a suitable crystal form. Material composition is important because piezoelectric devices have many performance-related characteristics linked to varied materials such as crystals, ceramics, and polymers. The lack of proper integration compromises the functionality of the entire device.

Key Developments:

• September 2026: Kistler Group introduced its 9395A piezoelectric force measuring chain with IO-Link, offering preconfigured, calibrated measurement and digital connectivity for industrial manufacturing and Industry 4.0 integration.

• June 2026: Kistler Group introduced piezoelectric force-sensing options integrated into its 2164A NCFx Pro electromechanical joining modules, enabling direct force measurement at the tool holder and improved process monitoring.

• January 2026: PCB Piezotronics launched the HV356A03 high-voltage triaxial ICP® accelerometer for energized EV battery and drive-system vibration testing, supporting safer and more accurate piezoelectric measurement applications.

• January 2026: Physik Instrumente (PI) launched the 6D NanoCube positioning system for rapid photonics alignment, combining six-degree-of-freedom piezo positioning, precision control, and software-assisted optical coupling for photonics and silicon photonics applications.

• January 2026: PCB Piezotronics introduced the Model 116A05 UHT-12™ high-temperature pressure sensor, enabling reliable piezoelectric pressure and acoustic measurements in propulsion, cryogenic, and extreme-temperature energy applications.

• October 2025: Knowles Corporation unveiled the MM60 MEMS microphone for AI-optimized hearing aids, integrating advanced piezoelectric MEMS technology and ASIC architecture for improved electroacoustic performance and durability.

Piezoelectric Devices Market Scope: