PIEZOELECTRIC SMART MATERIALS GLOBAL MARKET2016-2020
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This market research study segments the global piezoelectric smart materials market by type (ceramics, polymers, and composites), by application (motors, transducers, sensors, and building materials), and by end-users (transportation, healthcare, leisure and sports, construction and infrastructure, and agriculture and food). This report also segments the industry by geography (the Americas, APAC, and EMEA). The key vendors identified in the market are AAC Technologies, Advanced Cerametrics, Arkema, KYOCERA, and Solvay.
Outlook of the piezoelectric smart materials market
Smart materials are special building materials whose properties change when subjected to external stimuli such as stress, temperature, moisture, pH, or magnetic field. Piezoelectric materials are a class of smart materials that produce a voltage when mechanical stress is applied. These materials are widely used in sensors and help in measuring fluid density, the force of impact, and fluid composition. Technavio’s market research analysts have estimated the global piezoelectric smart materials market to grow at an impressive CAGR of close to 13% over the forecast period. The increasing demand for piezoelectric smart materials from the military and aerospace sector is expected to drive the market for piezoelectric smart materials globally. These materials help in controlling the airflow across the wings of an aircraft and maintaining it during take-off and landing. Furthermore, these materials are also used to solve common problems with the aircraft, such as engine vibration, high cabin noise levels, ice formation on wings, flow separation due to turbulence, and control surfaces in cold climatic conditions. Also, piezoelectric materials find extensive applications in military and defense sector like smart sensors, smart nanorobotics, smart combat suits, and smart skins. Therefore, the numerous applications of piezoelectric smart materials in military and aerospace industry will spur the growth of this market until the end of 2020.
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In this market research study, analysts have estimated factors like the increasing applications of piezoelectric materials in nanotechnology to impel the prospects for market growth until the end of the forecast period. For example, piezoelectric smart materials are used in the manufacture of smart nanofibers that are used in light-emitting transistors and advanced organic solar cells. The recent advancements in the nanotechnology sector will, in turn, bolster this market’s growth potential during the forecast period.
Segmentation by application and analysis of the piezoelectric smart materials market
- Building materials
During 2015, the automobile motors industry dominated the piezoelectric smart materials market with a market share of more than 60%. Factors such as rapid growth in the automobile industry will translate into the demand for piezoelectric materials during the forecast period.
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Geographical segmentation of the piezoelectric smart materials market
In this market study report, the analysts have estimated the Americas to be the largest market for piezoelectric smart materials during the forecast period. The increasing demand for MEMS sensors, used in airbags and anti-lock braking systems, will translate into the demand for piezoelectric smart materials in the Americas. The market for piezoelectric smart materials will account for a market share of more than 47% until the end of 2020.
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