Electrostrictive Materials Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031

Status : Ongoing | Report Code : FACT5504MR

Electrostrictive Materials Market: Overview and Dynamics

Scientific developments in the field of materials are exponentially rising and discoveries are coming on to surface such as “Smart Materials.” One such material is Electrostrictive Material which has properties similar to piezoelectric material yet holds its significance. The electrostrictive materials provide an additional degree of freedom and help design a unique transducer with higher feasibility.

Electrostrictive Materials are on the path of becoming the material from future with its application in Robotics, Tunable Film Bulk Acoustic Wave Resonator (FBAR) and high-end transducers which have proven to be the most vital elements of their respective domains in the on-going Industry 4.0 era.

There are two types of electrostrictive materials such as relaxor ferroelectrics with wordy stage transition and another is antiferroelectric ceramics with a field-induced ferroelectric stage. The transducers made from relaxor ferroelectrics such as lead zinc niobate and lead magnesium niobate. The infrequent earth essentials Dy and Tb own the largest known magnetostrictions by distant ~ 1 %. Though these massive magnetostrictions are now obtainable only at cryogenic heats, magnetostrictive draining as high as 0.3 % has been obtained at room temperature in amalgams of the infrequent earth.

All of the dielectrics exhibit electrostriction but exceptionally engineered ceramics which have particularly high electrostrictive constant also called as relaxor ferroelectric is the driving factor for Electrostictive Materials Market growth.

Actuators are a dynamic factor of the electrostrictive material market. The actuators are a machine element which is responsible for controlling and moving the system or machine. The actuators need a source of energy as well as a control signal. The main energy source of actuators is hydraulic pressure, electric current and pneumatic pressure, there are three different types of actuators such as hydraulic actuators, electric actuators and pneumatic actuators. The electric actuators also divided by three categories such as an electromechanical actuator, electrohydraulic actuator and linear motor. The 3D printed soft actuator is a new trend in the actuator system.

Sonar projectors is another dynamic factor of the electrostrictive material market. Sonar projectors demand is growing in the forecast period. Sonar projector is an electromechanical device which is used in underwater to convert electric energy into sound energy. The transducer is one more dynamic factor of the electrostrictive material market. The transducer is one kind of converting device. It converts energy one form to another form and converts the signal in one form to another form. There are two types of transducers such as mechanical transducers and electrical transducers.

The physical quantities convert into mechanical quantities are known as mechanical transducers and the physical quantities convert into electrical quantities are known as electrical transducers. Electromagnetic, electrochemical, electromechanical, electroacoustic, electro-optical, electrostatic, thermoelectric and radio acoustic are the applications of transducers. There are some specifications which are used to rate transducers such as dynamic range, repeatability, noise and hysteresis.

Dynamic range is the ratio between the largest breadth signal and smallest breadth signal which the transducer can effectively translate. Repeatability is the ability of transducers to produce an indistinguishable output when enthused by the same input. The noise degrades small signals more than large ones and Hysteresis is a property in which the output of the transducer be contingent not only on its current input but its past input.

The growth of the market is projected to be partially greater than a previous decade in repose to rising demand for the smart materials, in which electrostrictive material takes the lead.

Electrostrictive Materials Market: COVID-19 Impact Insights

Novel COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. COVID-19 pandemic has presented massive disruptions in the demand-supply equilibrium across multiple industries, leading towards economic losses at a global level. The plant shutdowns in Europe, Asia and North America in the second quarter of 2020 has reduced the production scale of Electrostrictive Materials market.

Supply chain disruption, decreased demand, risk of workforce getting infected and travel restriction resulted in the steep fall in production. The demand-supply equilibrium of Electrostrictive Materials market goes down. This in result has disrupted almost every market and Electrostrictive Materials market has also been affected largely. COVID-19 has caused economic hardship for consumers, businesses and governments across the world. Because of COVID-19, the growth rate of Electrostrictive Materials market is affected.

Labor-intensive industries are still at risk as they won’t be able to meet their demand due to risk of workforce getting infected. Furthermore, continuously progressing workplace safety processes would help the Electrostrictive Materials market recover strongly by the first trimester of 2021.

Segmentation Analysis of Electrostrictive Materials Market

The global electrostrictive materials market is classified majorly into five segments: product type, material type, end-use, shape and region.

On the basis of product type, electrostrictive materials market has been segmented as follows:

  • Relaxor Ferroelectrics
  • Antiferroelectriceramics

On the basis of material type, electrostrictive materials market has been segmented as follows:

  • Lead Magnesium Niobate (PMN)
  • Lead Magnesium Niobate-Lead Titanate (PMN-PT)
  • Lead Lanthanum Zirconate Titanate (PLZT)

On the basis of end-use, electrostrictive materials market has been segmented as follows:

  • Sonar projectors
  • Actuators
  • Transducers
  • Tuneable Film Bulk
  • Acoustic Wave Resonator ( FBAR)

On the basis of shape, electrostrictive materials market has been segmented as follows:

  • Plates
  • Disc
  • Rings
  • Bars
  • Rods
  • Tubes

On the basis of region, electrostrictive materials market has been segmented as follows:

  • North America
  • Europe
  • Latin America
  • East Asia
  • South Asia and Oceania
  • Middle East & Africa

Electrostrictive Materials Market: Regional Outlook

Taking account of the regional distribution, the report “Electrostricitve Materials” showcase in-depth study on six prominent regions which include North America, Europe, Latin America, South Asia and Oceania, East Asia and Middle East & Africa. Europe is the dominant player in the electrostrictive materials market. Europe cooperatively accounts 70% shares under electrostrictive materials market. Europe is followed by North America.

North America is the second dominant player in electrostrictive materials market. North America cooperatively accounts 15% shares under electrostrictive materials market. North America followed by the Asia-Pacific region. Asia-pacific presents enormous opportunities for electrostrictive materials in market participants. 

Though, the major element in the manufacturing of Electrostrictive materials is lead which found in abundance in Australia (40%) and China (15%) which provides an untapped opportunity for Asia Pacific countries to take a jump in electrostrictive materials market and enter the global competition with enhancing the interrupted supply chain on a regional basis for Electrostrictive materials. The Middle East & Africa accounts minimal share of electrostrictive materials market.

Electrostrictive Materials Market: Key Players

The electrostrictive materials market trails the structure of consolidated market because only limited multi-national companies have adopted this technology and are into the business of manufacturing electrostrictive materials. Across the globe, key players of Electrostrictive Materials Market are TRS Technologies, Ecertec and Noliac, and these companies hold about 65% of total market share while rest is taken by regional participants.

Companies are following in-house R&D by approaching with product modification for various segments driving them towards organic growth. With rising demands for actuators in robotics, high-end transducer and wave resonator in defence, the regional companies are putting the pedal to the material for gaining maximum market share for Electrostrictive materials.

Though, regional groups including Europe and North America backing the local manufacturers are presenting challenges to global players offering their products at higher price points which in turn is significantly disturbing the overall electrostrictive materials market revenues. 

The research report presents a comprehensive assessment of the electrostrictive materials market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The electrostrictive materials market report provides analysis and information, according to market segments such as geographies, product type, material type and end-use.

The Electrostrictive Materials Market Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The Electrostrictive Materials Market Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
  • The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)

The Electrostrictive Materials report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Electrostrictive Materials report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Electrostrictive Materials report also maps the qualitative impact of various market factors on market segments and geographies.

The Electrostrictive Materials Market Report Highlights:

  • A detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Electrostrictive Materials Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031