This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy

Piezoelectric Motor Market

Piezoelectric Motor Market

Piezoelectric Motor Market By Product (Standard LPM, Non-magnetic LPM, Vacuum LPM, Standard RPM), By End-Use Industry (Micro Positioning Stages, Medical & Lab Automation Equipment, Automotive), By Region- Global Market Insights 2020 to 2030

Piezoelectric Motor Market
FACT2438MR

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.

Piezoelectric motor market image 01

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.

Avail customized purchase options for your needs

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.

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.

An Adaptive Approach to Modern-day Research Needs

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.

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.

Interested to Procure The Data

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.

Analyst Viewpoint

“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.

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.

Product

  • Standard LPM
  • Non-magnetic LPM
  • Vacuum LPM
  • Standard RPM
  • Non-magnetic RPM
  • Vacuum RPM

End-Use Industry

  • Micro Positioning Stages
  • Medical & Lab Automation Equipment
  • Automotive, Aerospace & Defence
  • Robotics & Factory Automation
  • Optics & Photonics
  • Instrumentation

Operating Force/Torque

  • 0-20 N
  • 20-150 N
  • 150 - 225 N
  • Above 225 N
  • Below 10 mNm
  • 10 - 25 mNm
  • Above 225 mNm

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

LPM: Linear Piezoelectric Motor

RPM: Rotary Piezoelectric Motor

- FAQs -

The Global Market For Piezoelectric Motor Is Anticipated To Grow At A Value CAGR Of 4% During The Forecast Period.
Some of the key players in global market are PI (Physik Instrumente), PiezoMotor Uppsala, Nanomotion Ltd. and many more.

Need an Exclusive Report for your Unique Requirement?

- Related Reports -

Electric Vehicle Drive Motor Market

Electric Vehicle Traction Motor Market expects strong growth during 2018-2028. Rising adoption of el...

Oral Motor Market

The global oral motor market value is estimated at US$ 242.0 Mn in 2022 and is projected to reach US...

Vibration Motors Market

Vibration Motors Market is expected to grow at a CAGR of 14.1% during 2022-2032. Sales of brushed co...

Motor Lamination Material Market

Motor Lamination Material Market is expected to witness notable growth during 2021-2031. Increasing ...

- Our Clients -

Report Client