“Piezoelectric ceramics accounted for largest share of Piezoelectric Devices market in 2019” Piezoelectric ceramics held the largest size of the piezoelectric devices market, by material, in 2019 and are expected to continue to hold a major market share during the forecast period.

They offer fast response time, high output, frequency, sensitivity, and can be used with low-voltage or high-voltage drive circuits and are available in a wide variety of shapes and sizes.

Piezoelectric actuators and positioning systems are used for precision and stability in visualization and microscopy for diagnostic applications.

The growth of the piezoelectric devices market in this region is attributed to increasing government initiatives, rising foreign investments, growing population, along with the bulk manufacturing facilities of piezoelectric devices, presence of numerous manufacturers and suppliers, low cost of piezoelectric devices, and technological advancements in emerging markets.

L3HARRIS TECHNOLOGIES, INC. (Florida, US), CeramTec GmbH (Plochingen, Germany), CTS CORPORATION (Illinois, US), Physik Instrumente (PI) GmbH & Co. KG.