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Piezoelectric Smart Materials Market To Reach USD 2.64 Billion By Year 2032

The global Piezoelectric Smart Materials Market Size Was Valued at USD 1.87 Billion in 2023 and is Projected to Reach USD 2.64 Billion by 2032, Growing at a CAGR of 3.9% From 2024-2032.

Swati Kalagate
Chemical and Materials
Pristine Intelligence LLP

According to a new report published by Pristine Intelligence, titled, “Piezoelectric Smart Materials Market by Type, Application and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the global Piezoelectric Smart Materials Market Size Was Valued at USD 1.87 Billion in 2023 and is Projected to Reach USD 2.64 Billion by 2032, Growing at a CAGR of 3.9% From 2024-2032. The piezoelectric smart materials market is the name given to the worldwide industry that creates, supplies, and makes use of materials possessing piezoelectric properties for various applications. Piezoelectric materials can convert mechanical energy, such as pressure or vibration, into electrical energy and vice versa. These materials' unique properties make them valuable for a wide range of applications across numerous industries, such as electronics, healthcare, aerospace, automotive, energy, and more.   

In reaction to mechanical stress or deformation, a class of materials known as piezoelectric smart materials can generate an electric charge. However, they can also distort or put a mechanical strain on them when they are in an electric field. Their unique quality makes them useful for a wide range of applications in many industries.  In general, because piezoelectric smart materials have unique qualities for applications involving sensing, actuation, energy harvesting, and structural monitoring, they are crucial for promoting innovation and advancement in a range of industries.

Because of their exceptional features and capabilities, piezoelectric smart materials are highly sought after by the military and aerospace industries, whose demanding needs and difficulties they perfectly complement. One significant application of piezoelectric materials in these domains is structural health monitoring. Examples of military and aerospace systems that must withstand extreme mechanical loads and operate in hazardous environments include satellites, missiles, and aircraft. The continuous measurement of mechanical stress, strain, and vibration levels is made possible by the employment of piezoelectric sensors in these structures.  

There is a significant opportunity for market expansion and innovation due to the growing use of piezoelectric smart materials in a variety of industries. In response to the demand for compact, energy-efficient components, piezoelectric materials are increasingly being used in consumer electronics vibration sensors, haptic feedback systems, touchscreens, and energy harvesting devices. This trend is being driven by the ongoing development of wearable technology, smartphones, and Internet of Things devices, all of which depend increasingly on piezoelectric technology for improved functionality and performance.

Global Piezoelectric Smart Materials Market, Segmentation

The Piezoelectric Smart Materials market is segmented on the basis of Type, Application, End-user Industry, and region.


The type segment is further classified into Ceramics, Polymers, and Composites. Among these, the Ceramics sub-segment accounted for the highest market share in 2023. Ceramic materials having remarkable piezoelectric properties, such as lead zirconate titanate (PZT), lead magnesium niobate (PMN), and lead-free alternatives, are ideal for various high-performance applications. One of the main reasons for the dominance of the ceramics market is the superior piezoelectric properties that ceramic materials offer over other types. Ceramics have a high piezoelectric coefficient, which allows them to convert mechanical energy into electrical energy and vice versa more sensitively and effectively. Ceramic-based piezoelectric materials become more desirable for applications requiring precise sensing, actuation, and energy harvesting capabilities spanning industries like consumer electronics, healthcare, automotive, aerospace, and more.


The application segment is further classified into Motors, Transducers, Sensors, and Building Materials. Among these, the Motors sub-segment is anticipated to show the fastest growth by 2032. The Piezoelectric Smart Materials market segment analysis is dominated by the Motors sector due to the widespread use of piezoelectric motors in many industries and applications. Because of its many benefits, piezoelectric motors are highly sought after for applications requiring precise motion control. One of the main reasons for their popularity is their exceptional precision and accuracy, which allow sub-micron or nanometer-level positioning in applications such as semiconductor fabrication, optical systems, and laboratory automation. Because of their lightweight and compact design, standard electromagnetic motors cannot fit into areas too tiny for piezoelectric motors. Medical gadgets, automotive systems, and consumer electronics can all benefit greatly from this compact form factor.


The Asia Pacific (APAC) region is anticipated to lead the piezoelectric smart materials market due to several strong factors. First off, rapid economic growth in APAC countries like China, India, and South Korea is increasing investments in manufacturing, infrastructure, and consumer electronics. This increase in economic activity drives the need for piezoelectric materials, which are crucial components in many industries. The Asia-Pacific region increasingly prioritizes energy efficiency, leading to heightened curiosity in piezoelectric energy harvesting technology. Because piezoelectric materials can absorb energy from surrounding vibrations, they offer a sustainable means of reducing reliance on non-renewable energy sources.

Some of the leading Piezoelectric Smart Materials market players are

    • APC International (US)
    • Channel Technologies Group (US)
    • Piezo Kinetics (US)
    • Mide Technology (US)
    • Qortek (US)
    • AAC Technologies (China)
    • Arkema (France)
    • Cedrat Technologies (France)
    • Kyocera (Japan)
    • Solvay (Belgium), and Other Active Players.

Key Industry Developments

    • In December 2023, Arkema successfully bought Glenwood Private Equity's 54% stake in the publicly traded South Korean company PI Advanced Materials (PIAM). The acquisition was made to strengthen Arkema's portfolio of high-performance technologies intended for the quickly growing areas of advanced electronics and electric mobility.

Key Findings of the Study / Key Industry Developments. 

    • The global Piezoelectric Smart Materials Market Size Was Valued at USD 1.87 Billion in 2023.
    • Military and aerospace industries utilize piezoelectric materials for structural health monitoring in systems like satellites and aircraft.
    • Increasing integration in consumer electronics for vibration sensors, haptic feedback systems, and energy harvesting devices.
Pristine Intelligence LLP

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