According to the new market research report "Piezoelectric Devices Market by Material (Piezoceramics, Piezopolymers, Piezocomposites, Piezocrystals), Product (Actuators, Transducers, Motors, Sensors, Generators), Application (Industrial, Automotive, Healthcare, Consumer) - Global Forecast to 2022", the market is expected to be worth USD 31.33 Billion by 2022, growing at a CAGR of 4.88% between 2016 and 2022. The driving factors for the growth of this market include increasing demand for piezoceramic devices, increased funding from government and investors, emerging energy harvesting techniques, rising demand in automotive sector, and growing popularity of miniaturization technology.