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North America Piezoelectric Actuators and Motors Market

2021

North America 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)

Publication Month: Oct 2021 | Report Code: TIPRE00025353 | No. of Pages: 115 | Category: Electronics and Semiconductor | Status: Published

Market Insights

North America Piezoelectric Actuators and Motors Market to Grow at a CAGR of 7.5% to reach US$ 5,103.71 million Million from 2021 to 2028

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The piezoelectric actuators and motors market in North America is expected to grow from US$ 3,077.48 million in 2021 to US$ 5,103.71 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.


The US, Canada, and Mexico are major economies in North America. Rising demand of piezoelectric technology is the major factor driving the growth of the North America piezoelectric actuators and motors market. From the past few years, the healthcare sector has witnessed a significant improvement in the design of medical equipment, along with better-streamlined functionality and performance. This, in turn, has improved the medical treatment methods. For example, piezoelectric transducers are used in ultrasonic dental scalers for ultrasonic removal of plaque and calculus, which is a more efficient method than traditional scalers. Similarly, piezoelectric ceramic components are increasingly being used in high-intensity focused ultrasound (HIFU) for the removal of tumors, as it is a minimally invasive and gentle treatment method with improved therapy success and fewer side effects in the human body. Also, piezoelectric technology is applied in ultrasonic surgery instruments that vibrate typically at 55 kHz, creating a wave of mechanical energy. This ultrasonic energy is transferred from a blade to tissue molecules, and the vibration improves the cutting and leads to better coagulation of the tissue, thereby reducing bleeding. Similarly, piezoelectric technology is applied in other medical devices such as ultrasound scanners for medical imaging and magnetic resonance imaging (MRI) systems as the actuator movement does not produce magnetic fields. Besides, piezoelectric actuators and pumps are extensively used in the lab and medical pumping and dosing equipment due to their precise, repeatable, and reliable fluid dispensing control. Furthermore, in modern times, economized multi-layer piezoelectric actuators are extensively used in medical devices, including medical pumps and hearing aids. Hence, the growing application of piezoelectric actuators in medical devices is proliferating the piezoelectric actuators and motors market growth in North America.

North America is one of the leading regions in terms of the development and adoption of new technologies due to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial sector hampers the economic growth of the region. Presently, the US is the world’s worst-affected country due to the COVID-19 outbreak. The industry's reliance on human labor has been highlighted by the recent pause in industrial automation and development. This is expected to showcase the benefits of factory automation in the post-lockdown phase, leading to increased adoption. The overall demand for industrial automation components and digitalization is likely to increase once the industries attain normal operational conditions. These technologies are a need amid high market competition worldwide. Hence, the piezoelectric ultrasonic transducer and actuators sector is projected to grow at a steady pace in the post-pandemic period.

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 North America piezoelectric actuators and motors market. The North America piezoelectric actuators and motors market is expected to grow at a good CAGR during the forecast period.

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North America Piezoelectric Actuators and Motors Market Segmentation

North America Piezoelectric Actuators and Motors Market – By Product

  • Piezo Motors
  • Piezo Actuators

North America Piezoelectric Actuators and Motors Market – By Application

  • Automotive
  • Industrial and Manufacturing
  • Medical
  • Aerospace
  • Consumer Electronics
  • Others

North America Piezoelectric Actuators and Motors Market, by Country

  • US
  • Canada
  • Mexico

North America 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

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Piezoelectric Actuators and Motors Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. North America Piezoelectric Actuators and Motors Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Demand of Piezoelectric Technology in Medical Devices

5.1.2 High Flexibility of Piezoelectric Actuators and Motors in Automotive Industry

5.2 Market Restraints

5.2.1 Presence of Alternative Actuators and Motors

5.3 Market Opportunities

5.3.1 Combining of Piezoelectric Actuators with Haptic Technology

5.4 Future trends

5.4.1 Growing Demand of Compact Consumer Electronic Products

5.5 Impact Analysis of Drivers and Restraints

6. Piezoelectric Actuators and Motors – North America Market Analysis

6.1 North America Piezoelectric Actuators and Motors Market Overview

6.2 North America Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis

7. North America Piezoelectric Actuators and Motors Market Analysis – By Product

7.1 Overview

7.2 Piezo Motors

7.2.1 Overview

7.2.2 North America Piezo Motors Market Revenue and Forecasts to 2028 (US$ Million)

7.2.3 Piezo Linear Motors

7.2.3.1 Overview

7.2.3.2 North America Piezo Linear Motors Market Revenue and Forecasts to 2028 (US$ Million)

7.2.4 Piezo Rotary Motors

7.2.4.1 Overview

7.2.4.2 North America Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)

7.3 Piezo Actuators

7.3.1 Overview

7.3.2 North America Piezo Actuators Market Revenue and Forecasts to 2028 (US$ Million)

7.3.3 Piezo Stack Actuators

7.3.3.1 Overview

7.3.3.2 North America Piezo Stack Actuators Market Revenue and Forecasts to 2028 (US$ Million)

7.3.4 Piezo Strip Actuators

7.3.4.1 Overview

7.3.4.2 North America Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)

7.3.5 Others

7.3.5.1 Overview

7.3.5.2 North America Others Market Revenue and Forecasts to 2028 (US$ Million)

8. North America Piezoelectric Actuators and Motors Market Analysis – By Application

8.1 Overview

8.2 Automotive

8.2.1 Overview

8.2.2 North America Automotive Market Revenue and Forecasts to 2028 (US$ Million)

8.3 Industrial and Manufacturing

8.3.1 Overview

8.3.2 North America Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)

8.4 Consumer Electronics

8.4.1 Overview

8.4.2 North America Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)

8.5 Medical

8.5.1 Overview

8.5.2 North America Medical Market Revenue and Forecasts to 2028 (US$ Million)

8.6 Aerospace

8.6.1 Overview

8.6.2 North America Aerospace Market Revenue and Forecasts to 2028 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 North America Others Market Revenue and Forecasts to 2028 (US$ Million)

9. North America Piezoelectric Actuators and Motors Market –Country Analysis

9.1 Overview

9.1.1 North America: Piezoelectric Actuators and Motors Market, By Country

9.1.1.1 United States: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 United States: Piezoelectric Actuators and Motors Market, By Product

9.1.1.1.1.1 United States: Piezoelectric Motors Market, By Type

9.1.1.1.1.2 United States: Piezoelectric Actuators Market, By Type

9.1.1.1.2 United States: Piezoelectric Actuators and Motors Market, By Application

9.1.1.2 Canada: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Canada: Piezoelectric Actuators and Motors Market, By Product

9.1.1.2.1.1 Canada: Piezoelectric Motors Market, By Type

9.1.1.2.1.2 Canada: Piezoelectric Actuators Market, By Type

9.1.1.2.2 Canada: Piezoelectric Actuators and Motors Market, By Application

9.1.1.3 Mexico: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Mexico: Piezoelectric Actuators and Motors Market, By Product

9.1.1.3.1.1 Mexico: Piezoelectric Motors Market, By Type

9.1.1.3.1.2 Mexico: Piezoelectric Actuators Market, By Type

9.1.1.3.2 Mexico: Piezoelectric Actuators and Motors Market, By Application

10. North America Piezoelectric Actuators and Motors Market – COVID -19 Impact Analysis

10.1 North America: Impact Assessment of Covid-19 Pandemic

11. Industry Landscape

11.1 Market Initiative

11.2 Merger and Acquisition

11.3 New Development

12. Company Profiles

12.1 APC International, Ltd.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 CEDRAT TECHNOLOGIES

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 FAULHABER Group

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Johnson Electric Holdings Limited

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Microfine Materials Technologies Pte Ltd

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Physik Instrumente (PI) GmbH & Co. KG.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 PiezoMotor Uppsala AB

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 TDK Corporation

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 piezosystem jena GmbH

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. North America Piezoelectric Actuators and Motors Market Revenue and Forecast to 2028 (US$ Million)

Table 2. North America: Piezoelectric Actuators and Motors Market Revenue Share, By Country

Table 3. United States Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)

Table 4. United States Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 5. United States Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 6. United States Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 11. Mexico Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)

Table 12. Mexico Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 13. Mexico Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 14. Mexico Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Piezoelectric Actuators and Motors Market Segmentation

Figure 2. North America Piezoelectric Actuators and Motors Market Segmentation – By Country

Figure 3. North America Piezoelectric Actuators and Motors Market Overview

Figure 4. North America Piezoelectric Actuators and Motors Market, by Product

Figure 5. North America Piezoelectric Actuators and Motors Market, by Application

Figure 6. North America Piezoelectric Actuators and Motors Market, by Country

Figure 7. North America PEST Analysis

Figure 8. North America Piezoelectric Actuators and Motors Market- Ecosystem Analysis

Figure 9. North America Piezoelectric Actuators and Motors Market Impact Analysis of Drivers and Restraints

Figure 10. North America Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis (US$ Million)

Figure 11. North America Piezoelectric Actuators and Motors Market Breakdown by Type, 2020 & 2028 (%)

Figure 12. North America Piezo Motors Market Revenue and Forecasts to 2028 (US$ Million)

Figure 13. North America Piezo Linear Motors Market Revenue and Forecasts to 2028 (US$ Million)

Figure 14. North America Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)

Figure 15. North America Piezo Actuators Market Revenue and Forecasts to 2028 (US$ Million)

Figure 16. North America Piezo Stack Actuators Market Revenue and Forecasts to 2028 (US$ Million)

Figure 17. North America Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)

Figure 18. North America others Market Revenue and Forecasts to 2028 (US$ Million)

Figure 19. North America Piezoelectric Actuators and Motors Market Breakdown by Application, 2020 & 2028 (%)

Figure 20. North America Automotive Market Revenue and Forecasts to 2028 (US$ Million)

Figure 21. North America Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)

Figure 22. North America Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)

Figure 23. North America Medical Market Revenue and Forecasts to 2028 (US$ Million)

Figure 24. North America Aerospace Market Revenue and Forecasts to 2028 (US$ Million)

Figure 25. North America others Market Revenue and Forecasts to 2028 (US$ Million)

Figure 26. North America: Piezoelectric Actuators and Motors Market, by Key Country – Revenue (2020) (US$ Million)

Figure 27. North America: Piezoelectric Actuators and Motors Market Revenue Share, By Country (2020 and 2028)

Figure 28. United States: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Canada: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Mexico: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Impact of Covid-19 Pandemic in North American Country Markets

  1. APC International, Ltd.
  2. CEDRAT TECHNOLOGIES
  3. FAULHABER Group
  4. Johnson Electric Holdings Limited
  5. Microfine Materials Technologies Pte Ltd
  6. Physik Instrumente (PI) GmbH & Co. KG.
  7. PiezoMotor Uppsala AB
  8. piezosystem jena GmbH
  9. TDK Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America piezoelectric actuators and motors market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America piezoelectric actuators and motors market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the piezoelectric actuators and motors market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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