Albany, NY -- (SBWIRE) -- 10/10/2017 -- This market research study identifies CUI, International Components, Mallory Sonalert Products, and Murata Manufacturing as the leading players in the global piezoelectric diaphragm market. A comprehensive analysis of this market is also presented by end-user applications (consumer goods, automotive, and others) and by geography (the Americas, APAC, and EMEA).
Overview of the global piezoelectric diaphragm market
According to Technavios market research report, the global piezoelectric diaphragm market will grow at a CAGR of close to 7% during the forecast period. The demand for materials that exhibit properties such as piezoelectricity, electrochromism, and shape memory is increasing in the military and aerospace sector. This will drive the growth prospects for the market during the projected period. These materials have enhanced functional properties that facilitate the control of aircraft parts such as wings and maintains low noise level during the operation. The piezoelectric device addresses issues related to high cabin noise levels, ice formation on wings, and engine vibration in the spacecraft industry. Piezoelectric materials are also used in piezo accelerometers, flow meters, gyroscopes level sensors, and pressure sensors in the aerospace industry. The growth in the military and aerospace sector will directly influence the demand for piezoelectric devices, which will subsequently stimulate the growth of this global market.
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The rising investments in the healthcare sector from the governments and the increasing research and developmental activities, will drive the application of piezoelectric diaphragms in medical devices. Additionally, the improvement in healthcare infrastructure will also encourage the use of piezoelectric diaphragms in disposable patient monitors and fetal heart monitors. According to this market research report, this growing demand for piezo diaphragms in the healthcare sector will be one of the key trends that will positively impact the growth of the piezoelectric diaphragm market during the next few years.
Competitive landscape and key vendors
The piezoelectric diaphragm market is highly competitive due to the presence of a large number of vendors. New players find it difficult to enter the market due to the requirement of an intensive capital. To overcome the time-to-market pressure, vendors are heavily investing in research and developmental activities and are also focusing on expanding their production capacity. This will result in the timely deployment of piezoelectric diaphragms. With the intensifying competition, several companies are taking efforts to gain a competitive edge over their competitors by extending their geographical presence.
Key vendors in this market are -
- International Components
- Mallory Sonalert Products
- Murata Manufacturing
Other prominent vendors in the market include AAC Technologies, Advanced Cerametrics, APC International, and Sonitron.
Segmentation by end-user applications and analysis of the piezoelectric diaphragm market
- Consumer goods
Owing to the high adoption of piezoelectric diaphragms in alarms, watches, speakers, and microwave ovens, the consumer goods segment accounted for the majority market share during 2016. Additionally, they also find applications in object detectors, pest deterrents, and home security alarms. The increase in disposable income of consumers is encouraging them to purchase electronic devices such as toys, games, and remote-control units. Since the production of these electronics and consumer goods utilizes piezoelectric diaphragms, the consumer goods segment will continue to be the largest end-user to the piezoelectric diaphragm market throughout the estimated period.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global piezoelectric diaphragm market?
- What are the key market trends impacting the growth of the global piezoelectric diaphragm market?
- What are the challenges to market growth?
- Who are the key vendors in the global piezoelectric diaphragm market?
- What are the market opportunities and threats faced by the vendors in the global piezoelectric diaphragm market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global piezoelectric diaphragm market?
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