![]() Predictions on upcoming trends and changes in consumer behavior Piezoelectric Actuators and Motors Market 2020-2024: Key HighlightsĬAGR of the market during the forecast period 2020-2024ĭetailed information on factors that will assist piezoelectric actuators and motors market growth during the next five yearsĮstimation of the piezoelectric actuators and motors market size and its contribution to the parent market Backed with competitive intelligence and benchmarking, our research report on the piezoelectric actuators and motors market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support. We provide a detailed analysis of around 25 vendors operating in the piezoelectric actuators and motors market. Piezoelectric Actuators and Motors Market 2020-2024: Vendor Analysis Piezoelectric Actuators and Motors Market industry analysis Piezoelectric Actuators and Motors Market trends Piezoelectric Actuators and Motors Market size Our piezoelectric actuators and motors market report covers the following areas: Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Market growth in this region will be faster than the growth of the market in other regions. China, Japan, and India are the key markets for piezoelectric actuators and motors in APAC. The increased adoption of portable electronic devices and digitization and information communication growth are the major factors that are driving the demand for piezoelectric actuators and motors in APAC. The market growth in the segment will be significant during the forecast period.īy geography, APAC will have the largest share of the market. Also, the increasing adoption of autofocus technology in electronic devices is contributing to the growth of the segment. The growing penetration of touch-type phones and devices is driving the growth of the segment. The consumer electronics industry is the prime end-user of piezoelectric actuators and motors. The global piezoelectric actuators and motors market is segmented as below: Piezoelectric Actuators and Motors Market 2020-2024: Segmentation To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.Įxplore other key factors impacting the growth of vendors. Although the use of thinner multilayer actuators in smartphones will offer immense growth opportunities, the expensive nature of piezoelectric actuators will challenge the growth of the market participants. ![]() are some of the major market participants. Ltd., Piezosystem Jena GmbH, and TDK Corp. Ltd., ams AG, APC International Ltd., CTS Corp., Johnson Electric Holdings Ltd., Johnson Matthey Plc, Murata Manufacturing Co. To enable the timely deployment of piezoelectric devices, vendors are mainly focusing on increasing their R&D investments and production capacity.ĪAC Technologies Holdings Ltd., Alps Alpine Co. ![]() As these vendors have an expanded geographical presence, they are selling their products on a global scale. The vendors in the market are constantly innovating and introducing new products to serve the unmet needs of the market. The global piezoelectric actuators and motors market is fragmented. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. ![]() ![]() The market observed a YOY growth of 7.06% in 2020 and the growth momentum is expected to accelerate at a CAGR of 7% during the forecast period. Global piezoelectric actuators and motors market size is expected to increase by USD 7.61 billion between 20. ![]()
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