Piezoelectric Sensor Market is expected to show an impressive CAGR of 4.8 % between 2021-28 according to latest study published by Profshare Market Research. Industrial & Aerospace demand for these sensors has risen significantly in Asia Pacific region. Technological advancement along with massive Research & Development likely to drive Piezoelectric Sensor Market during forecast period.
The research study indicates that Global Piezoelectric Sensor Market was valued at around USD 1690 million in 2019 & anticipated to reach USD 2459.1 million by 2028. In 2020 due to Covid 19 pandemic market has declined by almost 5 % to 2019. Post covid 19 pandemic, the growth rate of market is also estimated to rise due to application in Medical devices.
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The research study considers Piezoelectric Accelerometers, Pressure Sensors & Force Sensors as primary product types. In 2019 Piezoelectric Accelerometers segment accounted for largest market share followed by pressure & force type. Increasing demand from Automotive & Aerospace industry is the major market driver for Accelerometers segment.
Piezoelectric Sensor Market is analyzed for application in Industrial & Manufacturing Automotive, Medical Device, Aerospace. Demand from the Aerospace industry has increased significantly. These sensors are used in structural health monitoring (SHM) for checking mechanical structures like airplanes and buildings. Piezoelectric Force & pressure Sensors are mostly used in industrial applications.
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The report studied Piezoelectric Sensor Market for North America, Latin America, Europe, the Middle East, Asia Pacific, and Africa region. Regional outlook provides precise information regarding various market parameters. Asia Pacific region leads the market & anticipated to show impressive growth rate between 2021 to 2028. North America & Europe are the second & third-largest market shareholders in Piezoelectric Sensor Market.
Key manufacturer analysis helps to understand market share, positions & strategies of the manufacturers. Global Piezoelectric Sensor Market is moderately competitive though many new companies are emerging in the market. Companies are receiving high investments & benefits from the government of various countries. Key players are identified through secondary research & further analysis use both primary & secondary market research model.
The research study includes the extensive use of primary and secondary data sources. Research process focuses on multiple factors affecting the industry such as competitive landscape, government policy, historical data, market current position, Piezoelectric Sensor Market trends, upcoming technologies & innovations as well as risks, rewards, opportunities and challenges. Study used top-down, bottom-up approach, SWOT analysis & supply-demand analysis models to get precise market information.
- Piezoelectric Accelerometers
- Piezoelectric Pressure Sensor
- Piezoelectric Force Sensors
- Industrial & Manufacturing
- Medical Device
The research report on Piezoelectric Sensor Market includes a competitive analysis that provides a better insight into the major manufacturers of Piezoelectric Sensor. These major players include:
- PCB Piezotronics
- Meggitt Sensing Systems
- Brüel & Kjar
- Kistler Group
- TE Connectivity
- Dytran Instrument
- Ceramtec GmbH
- APC International Ltd.
- Kyowa Electronic Instruments
- DJB Instruments
- Piezo Systems, Inc.
- Metrix Instrument
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