Piezoelectric Motor Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Dec-2019 | List of Tables : 54 | List of Figures : 83 | No. of Pages : 170 | Report Code : FACT2438MR | Format :

Piezoelectric Motors Market Registering Strong Growth, on Back of Proliferation of Miniaturized Devices

Miniaturization of devices surfaced as a key trend across industry verticals, and is predominant with medical devices, automotive components, and consumer electronics. Miniaturization has necessitated the use of the piezoelectric motors and is likely to continue over the coming years, thus pushing the global piezoelectric motors market growth to over 4% between 2020 and 2029. Piezoelectric motors are also used as a key component for photonics and optical devices, where product attributes such as quick autofocus for images and video, and high resolution imagery in microscopy is required. According to the Fact.MR forecast, the optics and photonics end use segment for piezoelectric motors will contribute one-fifth of market revenue by 2029.  Owing to sizable revenue contribution from optics and photonics end use segment, the global piezoelectric motors market is anticipated to surpass US$ 0.5 Bn mark by the end of the forecast period.     

piezoelectric motor market analysis and forecast by end use industry

For critical end use insights on the piezoelectric motor market, request for a report sample here

Shift from Conventional Electromagnetic Motors to Piezoelectric Motors Underway

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. Manufacturers are making a seismic shift to piezoelectric motors in a wide range of applications which require precision control. As alternatives to electromechanical motors for cameras and other miniature consumer applications, piezoelectric ultrasonic motors are increasingly evolving. Power performance, 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. According to Fact.MR, in the operating force category, 0-20 N is leading in the market and is estimated to grow at a CAGR of 4.6% through the forecast period.

Higher Cost of Production Hindering Widespread Adoption of Piezoelectric Motors

Cost of piezoelectric motor manufacturing is higher than existing alternatives, and so is its pricing. Motor manufacturing process has witnessed its share of automation, yet the cost of material, required precision and consolidated market characteristic obstructs price correction of piezoelectric motors. In order to leverage the underlying opportunity to replace conventional motors on pricing front, manufacturers of piezoelectric motors are striving to improve their bottom line. Key players in the global piezoelectric motors market are frequently examining the workflow and modernizing the business process to boost the efficiency of production. With the increasing demand for piezoelectric motors, market players are committed to meet the specification of different sectors to remain prominent in the market.

North America Leads Global Piezoelectric Motor Market, Closely Followed by Asian Manufacturing Giants

North America leads the demand for piezoelectric motors, and is fueled by the integration of advanced components by device makers. Surgical equipment, diagnostic and imaging medical devices, analytical and scientific instruments, pick and place assemblies in industrial works spaces etc., are some of rapidly growing application areas for piezoelectric motors in North America. Asian markets for piezoelectric motors can largely be segregated as 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 footprint by engaging with local component suppliers. According to the Fact.MR analysis, North America and Asia Pacific collectively account for about 60% of the global piezoelectric motors, and projected growth rates till 2029 are well over global average.

piezoelectric motor market regional overview

To get an in-depth and exhaustive outlook of the regional piezoelectric motor market, ask an analyst here

As a global strategy, leading piezoelectric motor manufacturers have been reported to work 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 names in piezoelectric motor market. Top ten companies in global piezoelectric motor market is estimated to account for over half of 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.

Piezoelectric Motor Market - Scope of the Report

Fact.MR recently published a market study on the global market for piezoelectric motors. 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 2019-2029.

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 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

End Use Industry

Operating Force/Torque

Region

Standard LPM

Micro Positioning Stages

0-20 N

North America

Non-magnetic LPM

Medical & Lab Automation Equipment

20-150 N

Latin America

Vacuum LPM

Automotive, Aerospace & Defence

150 - 225 N

Europe

Standard RPM

Robotics & Factory Automation

Above 225 N

Japan

Non-magnetic RPM

Optics & Photonics

Below 10 mNm

APEJ

Vacuum RPM

Instrumentation

10 - 25 mNm

MEA

 

 

Above 225 mNm

 

 

 

 

 

LPM: Linear Piezoelectric Motor

RPM: Rotary Piezoelectric Motor

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.

Request research methodology of this report.

1. Global Piezoelectric Motor Market - Executive Summary

        1.1. Global Market Overview

        1.2. Global Piezoelectric Motor Market – Opportunity Assessment

        1.3. Fact.MR Analysis

2. Global Piezoelectric Motor Market Overview

        2.1. Market Coverage / Taxonomy

        2.2. Market Introduction and Definition

3. Market Background

        3.1. Piezoelectric Motor Usage in Different End Use Industries- Snapshot

        3.2. Global Micro Motors Market

        3.3. Global Robotics & Factory Automation Outlook

        3.4. Global Aerospace and Defense Sector Outlook

        3.5. Global Optics and Photonics Industry Outlook 

        3.6. Global Medical Device Market & Piezoelectric Motor Application  

        3.7. Supply Chain Analysis

        3.8. PESTLE Analysis 

        3.9. Porter’s Five Forces 

        3.10. Forecast Factors: Relevance and Impact

        3.11. Market Dynamics

            3.11.1. Drivers

            3.11.2. Restraints

            3.11.3. Opportunity Analysis

4. Global Piezoelectric Motor Market – Price Point Analysis

        4.1. Price Point Assessment by Region and Product Type

        4.2. Price Forecast till 2029

5. Global Piezoelectric Motor Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029 

        5.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

        5.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029 

            5.2.1. Y-o-Y Growth Trend Analysis

            5.2.2. Absolute $ Opportunity Analysis

6. Global Piezoelectric Motor Market Analysis 2014-2018 and Forecast 2019-2029 , by Product Type

        6.1. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2014 - 2018

        6.2. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Product Type, 2019 - 2029 

            6.2.1.  Standard LPM 

            6.2.2.  Non-Magnetic LPM

            6.2.3.  Vacuum LPM

            6.2.4.  Standard RPM

            6.2.5.  Nonmagnetic RPM

            6.2.6.  Vacuum RPM 

        6.3.   Market Attractiveness Analysis By Product Type

7. Global Piezoelectric Motor Market Analysis 2014-2018 and Forecast 2019-2029, by End-Use Industry

        7.1. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End-Use Sector, 2014 - 2018

        7.2. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By End-Use Industry, 2019 - 2029 

            7.2.1.  Micro positioning stages

            7.2.2.  Medical and Lab Automation Equipment

            7.2.3.  Automotive, Aerospace and Defense

            7.2.4.  Robotics and Factory Automation

            7.2.5.  Optics and Photonics 

            7.2.6.  Instrumentation

        7.3. Market Attractiveness Analysis By End-Use Industry

8. Global Piezoelectric Motor Market Analysis 2014-2018 and Forecast 2019-2029 , by Operating Force/ Torque 

        8.1. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Operating Force/ Torque , 2014 - 2018

        8.2. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Operating Force/ Torque , 2019 - 2029 

            8.2.1.  0-20 N (LPM)

            8.2.2.  20 - 150 N (LPM)

            8.2.3.  150 - 225 N (LPM)

            8.2.4.  Above 225 N (LPM)

            8.2.5.  Below 10 mNm (RPM)

            8.2.6.  10 -25 mNm (RPM)

            8.2.7.  Above 25 mNm (RPM) 

        8.3. Market Attractiveness Analysis By Operating Force/ Torque  

9. Global Piezoelectric Motor Market Analysis 2014-2018 and Forecast 2019-2029 , by Region

        9.1. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2014 - 2018

        9.2. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Region, 2019 - 2029 

            9.2.1.  North America

            9.2.2.  Latin America

            9.2.3.  Europe

            9.2.4.  Japan

            9.2.5.  APEJ

            9.2.6.  MEA 

        9.3. Market Attractiveness Analysis By Region

10.  North America Piezoelectric Motor Market Analysis 2014-2018 and Forecast 2019-2029

            10.1.1. Introduction

            10.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 -2018

            10.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029 

                10.1.3.1.  By Country

                    10.1.3.1.1. U.S.

                    10.1.3.1.2. Canada

                10.1.3.2.  By Product Type

                10.1.3.3.  By End-Use Industry

                10.1.3.4.  By Operating Force/ Torque 

            10.1.4. Market Attractiveness Analysis

                10.1.4.1.  By Product Type

                10.1.4.2.  By End-Use Industry

                10.1.4.3.  By Operating Force/ Torque 

11. Latin America Piezoelectric Motor Market Analysis 2014-2018 and Forecast 2019-2029

            11.1.1. Introduction

            11.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

            11.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029 

                11.1.3.1. By Country

                    11.1.3.1.1. Brazil

                    11.1.3.1.2. Mexico

                    11.1.3.1.3. Argentina

                    11.1.3.1.4. Rest of Latin America

                11.1.3.2.  By Product Type

                11.1.3.3.  By End-Use Industry

                11.1.3.4.  By Operating Force/ Torque 

            11.1.4. Market Attractiveness Analysis

                11.1.4.1.  By Product Type

                11.1.4.2.  By End-Use Industry

                11.1.4.3.  By Operating Force/ Torque 

12. Europe Piezoelectric Motor Market Analysis 2014-2018 and Forecast 2019-2029

            12.1.1. Introduction

            12.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

            12.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029 

                12.1.3.1. By Country

                    12.1.3.1.1. EU-4

                    12.1.3.1.2. UK

                    12.1.3.1.3. BENELUX

                    12.1.3.1.4. NORDIC

                    12.1.3.1.5. Eastern Europe

                    12.1.3.1.6. Rest of Europe

                12.1.3.2.  By Product Type

                12.1.3.3.  By End-Use Industry

                12.1.3.4.  By Operating Force/ Torque 

            12.1.4. Market Attractiveness Analysis

                12.1.4.1.  By Product Type

                12.1.4.2.  By End-Use Industry

                12.1.4.3.  By Operating Force/ Torque 

13. Japan Piezoelectric Motor Market Analysis 2014-2018 and Forecast 2019-2029

            13.1.1. Introduction

            13.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

            13.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029 

                13.1.3.1.  By Product Type

                13.1.3.2.  By End-Use Industry

                13.1.3.3.  By Operating Force/ Torque 

            13.1.4. Market Attractiveness Analysis

                13.1.4.1.  By Product Type

                13.1.4.2.  By End-Use Industry

                13.1.4.3.  By Operating Force/ Torque 

14. APEJ Piezoelectric Motor Market Analysis 2014-2018 and Forecast 2019-2029

            14.1.1. Introduction

            14.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

            14.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029 

                14.1.3.1.  By Country

                    14.1.3.1.1. China

                    14.1.3.1.2. India

                    14.1.3.1.3. ASEAN

                    14.1.3.1.4. South Korea

                    14.1.3.1.5. Rest of APEJ

                14.1.3.2.  By Product Type

                14.1.3.3.  By End-Use Industry

                14.1.3.4.  By Operating Force/ Torque 

            14.1.4. Market Attractiveness Analysis

                14.1.4.1.  By Product Type

                14.1.4.2.  By End-Use Industry

                14.1.4.3.  By Operating Force/ Torque 

15. MEA Piezoelectric Motor Market Analysis 2014-2018 and Forecast 2019-2029

            15.1.1. Introduction

            15.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018

            15.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029 

                15.1.3.1.  By Country

                    15.1.3.1.1. GCC Countries

                    15.1.3.1.2. Turkey

                    15.1.3.1.3. South Africa

                    15.1.3.1.4. Rest of MEA

                15.1.3.2.  By Product Type

                15.1.3.3.  By End-Use Industry

                15.1.3.4.  By Operating Force/ Torque 

            15.1.4. Market Attractiveness Analysis

                15.1.4.1.  By Product Type

                15.1.4.2.  By End-Use Industry

                15.1.4.3.  By Operating Force/ Torque 

16. Company Profiles

        16.1. Dr. Fritz Faulhaber GmbH & Co. KG

            16.1.1. Company Overview

            16.1.2. Key Developments

        16.2. Attocube Systems AG

            16.2.1. Company Overview

            16.2.2. Key Developments

        16.3. Physik Instrumente (PI) GmbH & Co. KG

            16.3.1. Company Overview

            16.3.2. Key Developments

        16.4. Nanomotion Inc.

            16.4.1. Company Overview

            16.4.2. Key Developments

        16.5. PiezoMotor Uppsala AB

            16.5.1. Company Overview

            16.5.2. Key Developments

        16.6. SmarAct GmbH

            16.6.1. Company Overview

            16.6.2. Key Developments

        16.7. Portescap

            16.7.1. Company Overview

            16.7.2. Key Developments

        16.8. Adamant Namiki Precision Jewel Co., Ltd

            16.8.1. Company Overview

            16.8.2. Key Developments

        16.9. New Scale Technologies Inc.

            16.9.1. Company Overview

            16.9.2. Key Developments

        16.10. Piezo Electric Technology Co., Ltd.

            16.10.1. Company Overview

            16.10.2. Key Developments

17. Research Methodology

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Piezoelectric Motor Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029