Europe Piezoelectric Actuators and Motors Market Key Players and Forecast by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Europe Piezoelectric Actuators and Motors Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Piezo Motors and Piezo Actuators) and Application (Automotive, Industrial and Manufacturing, Medical, Aerospace, Consumer Electronics, and Others)

Report Date : Oct 2021
Report Code : TIPRE00025355

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 128

Page Updated: Oct 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The piezoelectric actuators and motors market in Europe is expected to grow from US$ 3,933.71 million in 2021 to US$ 6,349.37 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.

France, Germany, Italy, UK, and Russia are major economies in Europe. Piezoelectric actuators linking with haptic technology is the major factor driving the growth of the Europe piezoelectric actuators and motors market. With the integration of piezoelectric actuators with haptic technology the applications of piezo actuators have been increased in various electronics and semiconductors devices. Haptic technology involves enabling an electronic device to stimulate the human sense of touch by allowing humans to feel motion, vibration, or movement. At present, there are three mainstream technologies in haptic – eccentric rotating mass (ERM), motor, linear resonant actuator (LRA), and piezoelectric. Among the mentioned technologies, piezoelectric technology holds the edge over the rest, owing to its mechanical advantages such as faster response time, greater acceleration, and smaller size. In addition, piezo actuators are more power efficient and provides haptic solutions with less power consumption compared to ERM and LRA technology. Which means that piezoelectric is the most efficient technology for high-definition haptic solutions and offers lucrative opportunity to for the market to grow. Hence, the aforementioned factors are expected to boost the demand for piezoelectric actuators and motors market during the forecast period.

In Europe, due to the COVID-19 pandemic, several countries witness an economic hit and the decline in business activities across the manufacturing industries due to lowering demand for automotive, consumer electronics goods, and many other products related to manufacturing industries in the first quarter of 2020. Many of the European Union member states have implemented drastic measures on imports and exports, and shipment of goods by partially closing their borders. These measures declined the demand for manufacturing products of various industries, which, in turn, hindered the growth of the piezoelectric actuators and motors market in Europe. The impact of COVID-19 pandemic varied from country to country across Europe as selected countries such as Italy, France, and Russia witnessed a surge in the number of COVID-19 confirmed cases and subsequently imposed stringent and extended lockdown period. However, disrupted supply chains in several European countries and fall in demand have been limiting the performance of the manufacturing sector, including the automotive manufacturing businesses. However, the effect of this slowdown on manufacturing industries has started to recover from 2021 as several countries of the region are slowly resuming their economies and businesses are regaining toward normalcy.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe piezoelectric actuators and motors market. The Europe piezoelectric actuators and motors market is expected to grow at a good CAGR during the forecast period.
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Europe Piezoelectric Actuators and Motors Market Segmentation

Europe Piezoelectric Actuators and Motors Market – By Product

Piezo Motors
Piezo Actuators

Europe Piezoelectric Actuators and Motors Market – By Application

Automotive
Industrial and Manufacturing
Medical
Aerospace
Consumer Electronics
Others

Europe Piezoelectric Actuators and Motors Market, by Country

France
Germany
Italy
UK
Russia
Rest of Europe

Europe Piezoelectric Actuators and Motors Market - Companies Mentioned

APC International, Ltd.
CEDRAT TECHNOLOGIES
FAULHABER Group
Johnson Electric Holdings Limited
Microfine Materials Technologies Pte Ltd
Physik Instrumente (PI) GmbH & Co. KG.
PiezoMotor Uppsala AB
piezosystem jena GmbH
TDK Corporation

Europe Piezoelectric Actuators and Motors Report Scope

Report Attribute	Details
Market size in 2021	US$ 3,933.71 Million
Market Size by 2028	US$ 6,349.37 Million
Global CAGR (2021 - 2028)	7.1%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Product Piezo Motors and Piezo Actuators By Application Automotive Industrial and Manufacturing Medical Aerospace Consumer Electronics
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	APC International, Ltd. CEDRAT TECHNOLOGIES FAULHABER Group Johnson Electric Holdings Limited Microfine Materials Technologies Pte Ltd Physik Instrumente (PI) GmbH & Co. KG. PiezoMotor Uppsala AB piezosystem jena GmbH TDK Corporation

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Europe Piezoelectric Actuators and Motors Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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