Multilayer Piezoelectric Actuators Market size was valued at USD 1.57 Billion in 2024 and is forecasted to grow at a CAGR of 8.7% from 2026 to 2033, reaching USD 3.24 Billion by 2033.
In 2022, the global piezoelectric actuator market was valued at approximately USD 965.3 million. The multilayer actuator segment held a significant portion of this market, accounting for 50.2% of the share. This indicates that multilayer piezoelectric actuators contributed around USD 484.8 million to the global market in 2022. The overall piezoelectric actuator market is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2031, reaching an estimated USD 1.5 billion by the end of 2031. Within this market, the multilayer actuator segment is expected to experience a slightly higher CAGR of 5.5% during the same period. Regionally, Asia Pacific dominated the piezoelectric actuator market in 2022, holding a 45.8% share. This dominance is attributed to the increasing demand for piezoelectric actuators in automotive and aerospace industries, particularly in countries like China and India. The United States also represented a significant portion of the market, accounting for 19.4% in 2022. The expansion of the aerospace and defense sectors, along with increased investment in research and development activities, are key factors driving the demand for piezoelectric actuators in these regions.
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TDK Corporation
KEMET
Thorlabs
NGK Group
Piezo Direct
Tokin
CTS (Noliac)
TAIYO YUDEN
Johnson Matthey
Kyocera
Physik Instrumente (PI) Group
Piezosystem Jena
APC International
Kinetic Ceramics
DSM
Steminc
PiezoDrive
Sinocera Piezotronics
LIDIT lnternational
Peng Xiang technology
Bangci Technology
Core Tomorrow
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Multilayer Piezoelectric Actuators Market
Automotive
Medical Devices
Consumer Electronics
Aerospace & Defense
Industrial Automation
Healthcare
Electronics
Automotive
Robotics
Telecommunication
Stack Actuators
Bender Actuators
Disc Actuators
Plate Actuators
Lead Zirconate Titanate (PZT)
Polyvinylidene Fluoride (PVDF)
Potassium Niobate
Barium Titanate
Monolithic
Stacked
Layered
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Multilayer Piezoelectric Actuators Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Multilayer Piezoelectric Actuators Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Multilayer Piezoelectric Actuators Market, By Type
6. Global Multilayer Piezoelectric Actuators Market, By Application
7. Global Multilayer Piezoelectric Actuators Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Multilayer Piezoelectric Actuators Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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