LONDON--(BUSINESS WIRE)--Aug 26, 2020--

Technavio has been monitoring the global piezoelectric actuators and motors market size and it is poised to grow by USD 7.61 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Piezoelectric Actuators and Motors Market 2020-2024 (Graphic: Business Wire)

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Frequently Asked Questions:

• Based on segmentation by end-user, which is the leading segment in the market?
  Consumer electronics segment is the leading segment in the market.
• What are the major trends in the market?
  The integration of haptics technology in wearable devices is one of the key piezoelectric actuators and motors market trends.
• At what rate is the market projected to grow?
  The market is expected to grow at a CAGR of over 7% during the forecast period
• Who are the top players in the market?
  AAC Technologies Holdings Ltd., Alps Alpine Co. Ltd., ams AG, APC International Ltd., CTS Corp., Johnson Electric Holdings Ltd., Johnson Matthey Plc, Murata Manufacturing Co. Ltd., Piezosystem Jena GmbH, and TDK Corp. are some of the major market participants.
• What are the key market drivers?
  The increasing use of thinner multilayer actuators in smartphones is one of the key factors driving the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AAC Technologies Holdings Ltd., Alps Alpine Co. Ltd., ams AG, APC International Ltd., CTS Corp., Johnson Electric Holdings Ltd., Johnson Matthey Plc, Murata Manufacturing Co. Ltd., Piezosystem Jena GmbH, and TDK Corp. are some of the major market participants. The use of thinner multilayer actuators in smartphones will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Piezoelectric Actuators and Motors Market 2020-2024: Segmentation

Piezoelectric Actuators and Motors Market is segmented as below:

• End-user
  • Consumer Electronics
  • Automotive
  • Healthcare And Others
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • MEA

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Piezoelectric Actuators and Motors Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The piezoelectric actuators and motors market report covers the following areas:

• Piezoelectric Actuators and Motors Market Size
• Piezoelectric Actuators and Motors Market Trends
• Piezoelectric Actuators and Motors Market Industry Analysis

This study identifies the integration of haptics technology in wearable devices as one of the prime reasons driving the Piezoelectric Actuators and Motors Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Piezoelectric Actuators and Motors Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist piezoelectric actuators and motors market growth during the next five years
• Estimation of the piezoelectric actuators and motors market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the piezoelectric actuators and motors market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of piezoelectric actuators and motors market, vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End user
• Consumer electronics - Market size and forecast 2019-2024
• Automotive - Market size and forecast 2019-2024
• Healthcare - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End user

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• AAC Technologies Holdings Ltd.
• Alps Alpine Co. Ltd.
• ams AG
• APC International Ltd.
• CTS Corp.
• Johnson Electric Holdings Ltd.
• Johnson Matthey Plc
• Murata Manufacturing Co. Ltd.
• Piezosystem Jena GmbH
• TDK Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 08/26/2020 02:45 PM/DISC: 08/26/2020 02:45 PM

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