Miniaturization is the ongoing market trend across several industry verticals, especially in sectors including medical devices, consumer electronics and automotive components. Popularity of piezoelectric motors is on the basis of miniaturization and its demand is growing every day. Fact.MR report predicts that the global piezoelectric motors market will grow at 4% CAGR in the period 2020-2029.Photonics segment along with optical devices segment utilize piezoelectric motors for its positive attributes like fast auto focus for videos and images and provision of high resolution images in microscopy. Both the segments are expected to generate one-fifth of the total global revenue by the end of the year 2029. This revenue is expected to exceed the value of US$ 0.5 Bn.
Each segment of the piezoelectric motor market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- MEA and Japan
- APEJ (China, India)
The key players in the global piezoelectric motor market report consist of
- PiezoMotor Uppsala AB
- Adamant Namiki Precision Jewel Co., Ltd.
- New Scale Technologies Inc.
- Piezo Electric Technology Co., Ltd.
Each market player encompassed in the piezoelectric motor market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the piezoelectric motor market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
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Piezoelectric motors are active component of numerous devices and equipment used in industries and by the consumers. These motors have replaced conventional electromagnetic motors as the conventional types are susceptible to mechanical failures. Manufacturers are integrating piezoelectric motors in variety of applications which demand precision and accuracy in control. Piezoelectric ultrasonic motors are sought after for their benefits like great power performance, enhanced battery life and easy operations. These ultrasonic motors are eyed as viable substitute to electromechanical motors to be used in consumer applications like cameras. Precise application is required in applications like semiconductor testing and systems that require camera focus. Fact.MR report highlights that 0-20N operating force category leads global market. It is projected to expand at 4.6% CAGR in the coming years.