Global Piezoelectric Motor Market Overview:
The global piezoelectric motor market is poised to embark on a modest growth trajectory, expanding at a CAGR of over 4% in the forecast period (2020-2030). This is attributed to the growing trend of miniaturization and greater focus on piezoelectric working principles.
Miniaturization is a key trend across industry verticals, and is predominant with medical devices, automotive components, and consumer electronics. Miniaturization has necessitated the use of piezoelectric motors and the trend is likely to continue over the coming years.
However, the COVID-19 outbreak has disrupted the demand for piezoelectric motors in almost every sector, especially piezoelectric motors in cars & consumer electronics. This, in turn, is poised to create abeyance in the global piezoelectric motor market.
Furthermore, sales of piezoelectric motors are expected to remain stagnant in the medical sector. Thus, in 2020, the medical & lab automation equipment segment is expected to contribute only one-fifth of the global revenue shares to reach a valuation of US$ 93 Mn by 2030 end.
Piezoelectric Motor Types Insights:
According to Fact.MR, in the product category, standard linear piezoelectric motors is leading in the market and is estimated to grow at a CAGR of 3.8% through the forecast period. Over the past decade, a large number of new devices and equipment designed for industrial as well as consumer ecosystems used piezoelectric motors. Piezoelectric motors have been used as a replacement to conventional electromagnetic motors, since the latter is exposed to mechanical failures.
Know More Details About the Report
Piezoelectric Motor Applications
Manufacturers are making the shift to piezoelectric motors in a wide range of applications requiring precision control. As alternatives to electromechanical motors for cameras and other miniature consumer applications, piezoelectric ultrasonic motors are becoming increasingly popular.
Piezoelectric motor efficiency, longer battery life and quiet operations are some of the advantages that piezoelectric ultrasonic motors provide. The camera focus system and semiconductor testing requires precise mechanics, which results in better integration of piezoelectric motors.
Piezoelectric Motor Market: Regional Overview:
North America and Asia Pacific collectively account for about 60% of the global piezoelectric motors, and projected growth rates till 2030 are well over the global average. North America leads the demand for piezoelectric motors. This is fueled by the integration of advanced components by device makers to boost piezoelectric motor efficiency.
Surgical equipment, diagnostic and imaging medical devices, analytical and scientific instruments, pick and place assemblies in industrial works spaces etc., are some of the rapidly growing application areas for piezoelectric motors in North America.
Asian markets for piezoelectric motors can largely be segregated into two clusters in terms of demand. Countries like Japan, South Korea, China and Taiwan are early adopters of these motors, whereas India, Thailand and Indonesia are at embryonic stages of market development. Piezoelectric motor manufacturers are strengthening regional footprints by engaging with local component suppliers.
Avail customized purchase options for your needs
Piezoelectric Motor Market Manufacturers’ Primary Strategies
As a global strategy, leading piezoelectric motor manufacturers are working in tandem with device manufacturers, so that application areas of piezoelectric motors can be widened. PI (Physik Instrumente), PiezoMotor Uppsala, Nanomotion Ltd., and SmarAct are some of the renowned players in the piezoelectric motor market.
The top ten companies in the global piezoelectric motor market are estimated to account for over half of the global piezoelectric motor supply worldwide. Increase in preference for piezoelectric motors in new industry verticals and heightened demand is poised to attract brownfield as well as Greenfield investments in the mid-term forecast period.
COVID-19 Impact Insights
The piezoelectric motor market is severely affected by the COVID-19 outbreak. Globally, manufacturing units have come to a halt due to the lockdown. Supply chain disruptions are multiplying in the wake of sharply declining global demand.
The automotive, aerospace and defense sectors contribute around 15% of global revenues to the piezoelectric motor market and are significantly affected by the COVID-19 pandemic. It is estimated to have a negative impact on the market by the end of 2020.
Moreover, demand for the piezoelectric motors in the medical sector will marginally decline in 2020. In addition, a resumption of industrial activity and mass production of consumer electronics over the forecast period would result in a significant uptick in demand for piezoelectric motors.
Avail customized purchase options for your needs
“During the forecast period, the piezoelectric motor market is geared to expand positively. However, sales are foreseen to witness a decline in 2020 due to the effects of the COVID-19, but the prospects of resumption of manufacturing operations continues to boost the piezoelectric motor market”
Global Piezoelectric Motor Market: Scope of the Report:
The recent global piezoelectric motor market report by Fact.MR offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities and threats to the expansion of the global piezoelectric motor market. A detailed segmental analysis, based on type, end use industry, and operating force has been provided in the report.
Regional analysis in terms of supply chain analysis, business execution and market value analysis provides an in-depth perspective about the future scope of the global piezoelectric motor market. In addition, a separate section on market structure has also been provided. The section provides a detailed analysis of key market players and the strategies for expansion in the piezoelectric motor market.
Have a report related query? Speak to us directly
Key Segments of the Piezoelectric Motor Market
Fact.MR’s study on the piezoelectric motor market offers information divided into four important segments-product, end use industry, operating force/torque, and regional analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
- Standard LPM
- Non-magnetic LPM
- Vacuum LPM
- Standard RPM
- Non-magnetic RPM
- Vacuum RPM
- Micro Positioning Stages
- Medical & Lab Automation Equipment
- Automotive, Aerospace & Defence
- Robotics & Factory Automation
- Optics & Photonics
- 0-20 N
- 20-150 N
- 150 - 225 N
- Above 225 N
- Below 10 mNm
- 10 - 25 mNm
- Above 225 mNm
- North America
- Latin America
LPM: Linear Piezoelectric Motor
RPM: Rotary Piezoelectric Motor
Piezoelectric Motor Market - Scope Of The Report
Fact.MR recently published a market study on the global market for piezoelectric motor. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the piezoelectric motor market structure. The market study presents exclusive information about how the piezoelectric motor market will grow during the forecast period of 2020-2030.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact.MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the piezoelectric motor market in the forecast period.
The study is relevant for stakeholders in the piezoelectric motor market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the piezoelectric motor market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the piezoelectric motor market. It also offers actionable insights based on future trends in the piezoelectric motor market. Furthermore, small businesses and new entrants in the piezoelectric motor market can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Questions Answered in the Fact.MR Piezoelectric Motor Market Report
- Which regions will continue to remain the most profitable regional markets for piezoelectric motor market players?
- Which factors will induce a change in the demand for piezoelectric motor during the assessment period?
- How will changing trends impact the piezoelectric motor market?
- How can market players capture the low-hanging opportunities in the piezoelectric motor market in developed regions?
- Which companies are leading the piezoelectric motor market?
- What are the winning strategies of stakeholders in the piezoelectric motor market to upscale their position in this landscape?
Piezoelectric Motor Market: Research Methodology
In Fact.Mr’s study, a unique research methodology is utilized to conduct extensive research on the growth of the piezoelectric motor market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the production of the piezoelectric motor market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
Need an Exclusive Report for your Unique Requirement?
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.