Middle East and Africa Piezoelectric Actuators and Motors Market Developments by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Middle East and Africa 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 : TIPRE00025358
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 116
The piezoelectric actuators and motors market in MEA is expected to grow from US$ 442.98 million in 2021 to US$ 692.13 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028.
Saudi Arabia, South Africa, and UAE are major economies in MEA. Compact consumer electronics are on rise is the major factor driving the growth of the MEA piezoelectric actuators and motors market. In modern times, consumers are inclining toward lightweight and high-performing electronic devices, with a reduced size. Piezoelectric actuators are playing a significant role to meet the evolving needs of consumers and setting future trends in various industries. For example, consumer electronic goods is one of the fastest-growing industries, and it is evolving every day with the introduction of some new features and technology in devices such as smartphones, tablets, and laptops. These electronic devices are getting thinner and more lightweight with smaller components as technology is evolving. Piezoelectric actuators are being widely used in electronic products to reduce the size and weight of these devices. The same trend can also be seen in the medical device sector, owing to the rising focus on minimal size of piezoelectric actuators, along with other benefits such as less power consumption, less heat dissipation, low cost, fast response, and high actuating precision in medical devices such as hearing aids are proliferating the application of piezoelectric actuators in medial field. Hence, lightweight and compact size electronic goods are trending, and piezoelectric actuators are expected to contribute significantly to meet consumer demand.
The impact of COVID-19 pandemic varied from country to country across MEA as a few countries such as the UAE, Saudi Arabia, Qatar, and Kuwait witnessed a surge in the number of COVID-19 confirmed cases and subsequently imposed stringent and extended lockdown period. Hence, the major countries in the MEA faced slowdown in its economy. The region is projected to register a swift decline in its manufacturing industries, and this will have a negative impact on the piezoelectric actuators and motors market in the MEA. Also, the COVID-19 pandemic has severely disrupted the supply chain of several manufacturing industries, including piezoelectric actuators and motors. However, the countries are overcoming the swift drop in demand, as the manufacturing industries are resuming their operational activities and demand from automotive and electronics & semiconductor sectors has started to recover. Hence, this recovery is expected to increase the application of piezoelectric actuators and motors in the region and would proliferate the market growth in the coming years.
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 MEA piezoelectric actuators and motors market. The MEA piezoelectric actuators and motors market is expected to grow at a good CAGR during the forecast period. 
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
MEA Piezoelectric Actuators and Motors Market Segmentation
MEA Piezoelectric Actuators and Motors Market – By Product
- Piezo Motors
- Piezo Actuators
MEA Piezoelectric Actuators and Motors Market – By Application
- Automotive
- Industrial and Manufacturing
- Medical
- Aerospace
- Consumer Electronics
- Others
MEA Piezoelectric Actuators and Motors Market, by Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
MEA Piezoelectric Actuators and Motors Market - Companies Mentioned
- APC International, Ltd.
- 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
Middle East and Africa Piezoelectric Actuators and Motors Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 442.98 Million |
| Market Size by 2028 | US$ 692.13 Million |
| Global CAGR (2021 - 2028) | 6.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
Market Research & Consulting
- 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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- APC International, Ltd.
- 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
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