May 16, 2017   SOURCE: BusinessWire

Global Piezoelectric Market - Insights, Opportunity, Analysis, Market Shares & Forecast 2017-2023 - Research and Markets

Research and Markets has announced the addition of the "Global Piezoelectric Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report to their offering.

The global piezoelectric material market is expected to grow with the CAGR of approximately 4.5% during the forecast period 2016-2023.

Increasing demand for piezoelectric material from end users is one of the major driving factors for the market. Consumer goods is the one of the largest end user of piezoelectric material. The significant rise in electronic segment across countries such as China, Korea, Japan and India is adding meaning full growth in the demand for piezoelectric materials in consumer goods market. The growing technological innovation in consumer goods sector due to increasing demand for low energy consuming devices is increasing the use of piezoelectric materials in consumer goods sector.

According to Indian Brand Equity Foundation, the global consumer electronics industry is expected to generate around $4.2 trillion by the end of 2022. In 2015, the India consumer electronic market has generated the revenue of $94.2 billion and that is expected to reach to $400 billion by the end of 2020. Hence, the growing consumer goods industry is boosting the growth in the global piezoelectric materials market. However, stringent government regulation and high cost of raw materials are the major factor which are hampering the growth of the piezoelectric material market.

Companies Mentioned

  • Apc International
  • Ceramtec
  • Ferroperm Piezoceramics
  • Harris Corporation
  • Kinetic Ceramics, Inc.
  • Mad City Labs, Inc.
  • Meggitt Piezo Technologies.
  • Micromechatronics Inc.
  • Morgan Technical Ceramics
  • Noliac A/S
  • Pi Ceramic
  • Piezo Systems, Inc.
  • Piezomechanik Dr. Lutz Pickelmann Gmbh
  • Piezosystem Jena
  • Thorlabs Inc.

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/l3nqh9/global