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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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. Europe Piezoelectric Actuators and Motors Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Piezoelectric Actuators and Motors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Usage of Piezoelectric Technology in Medical Devices
5.1.2 Piezoelectric Actuators and Motors Getting More Adaptable in Automotive Industry
5.2 Market Restraints
5.2.1 Various Substitutes of Actuators and Motors
5.3 Market Opportunities
5.3.1 Piezoelectric Actuators Linking with Haptic Technology
5.4 Future trends
5.4.1 Compact Consumer Electronic Products Getting Popular
5.5 Impact Analysis of Drivers and Restraints
6. Piezoelectric Actuators and Motors – Europe Market Analysis
6.1 Europe Piezoelectric Actuators and Motors Market Overview
6.2 Europe Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis
7. Europe Piezoelectric Actuators and Motors Market Analysis – By Product
7.1 Overview
7.2 Piezo Motors
7.2.1 Overview
7.2.2 Europe 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 Europe 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 Europe Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)
7.3 Piezo Actuators
7.3.1 Overview
7.3.2 Europe 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 Europe 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 Europe Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)
7.3.5 Others
7.3.5.1 Overview
7.3.5.2 Europe Others Market Revenue and Forecasts to 2028 (US$ Million)
8. Europe Piezoelectric Actuators and Motors Market Analysis – By Application
8.1 Overview
8.2 Automotive
8.2.1 Overview
8.2.2 Europe Automotive Market Revenue and Forecasts to 2028 (US$ Million)
8.3 Industrial and Manufacturing
8.3.1 Overview
8.3.2 Europe Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)
8.4 Consumer Electronics
8.4.1 Overview
8.4.2 Europe Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)
8.5 Medical
8.5.1 Overview
8.5.2 Europe Medical Market Revenue and Forecasts to 2028 (US$ Million)
8.6 Aerospace
8.6.1 Overview
8.6.2 Europe Aerospace Market Revenue and Forecasts to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Europe Others Market Revenue and Forecasts to 2028 (US$ Million)
9. Europe Piezoelectric Actuators and Motors Market –Country Analysis
9.1 Overview
9.1.1 Europe: Piezoelectric Actuators and Motors Market, By Country
9.1.1.1 Germany: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Piezoelectric Actuators and Motors Market, By Product
9.1.1.1.1.1 Germany: Piezoelectric Motors Market, By Type
9.1.1.1.1.2 Germany: Piezoelectric Actuators Market, By Type
9.1.1.1.2 Germany: Piezoelectric Actuators and Motors Market, By Application
9.1.1.2 France: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Piezoelectric Actuators and Motors Market, By Product
9.1.1.2.1.1 France: Piezoelectric Motors Market, By Type
9.1.1.2.1.2 France: Piezoelectric Actuators Market, By Type
9.1.1.2.2 France: Piezoelectric Actuators and Motors Market, By Application
9.1.1.3 Italy: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Piezoelectric Actuators and Motors Market, By Product
9.1.1.3.1.1 Italy: Piezoelectric Motors Market, By Type
9.1.1.3.1.2 Italy: Piezoelectric Actuators Market, By Type
9.1.1.3.2 Italy: Piezoelectric Actuators and Motors Market, By Application
9.1.1.4 UK: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Piezoelectric Actuators and Motors Market, By Product
9.1.1.4.1.1 UK: Piezoelectric Motors Market, By Type
9.1.1.4.1.2 UK: Piezoelectric Actuators Market, By Type
9.1.1.4.2 UK: Piezoelectric Actuators and Motors Market, By Application
9.1.1.5 Russia: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Piezoelectric Actuators and Motors Market, By Product
9.1.1.5.1.1 Russia: Piezoelectric Motors Market, By Type
9.1.1.5.1.2 Russia: Piezoelectric Actuators Market, By Type
9.1.1.5.2 Russia: Piezoelectric Actuators and Motors Market, By Application
9.1.1.6 Rest of Europe: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Piezoelectric Actuators and Motors Market, By Product
9.1.1.6.1.1 Rest of Europe: Piezoelectric Motors Market, By Type
9.1.1.6.1.2 Rest of Europe: Piezoelectric Actuators Market, By Type
9.1.1.6.2 Rest of Europe: Piezoelectric Actuators and Motors Market, By Application
10. Europe Piezoelectric Actuators and Motors Market - Covid-19 Impact Analysis
10.1 Europe: 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. Europe Piezoelectric Actuators and Motors Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Piezoelectric Actuators and Motors Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. France Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 8. France Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. France Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. France Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. UK Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 16. UK Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 17. UK Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. UK Piezoelectric Actuators and Motors Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 20. RUSSIA Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 21. RUSSIA Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 24. REST OF EUROPE Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 25. REST OF EUROPE Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Europe Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Piezoelectric Actuators and Motors Market Segmentation
Figure 2. Europe Piezoelectric Actuators and Motors Market Segmentation – By Country
Figure 3. Europe Piezoelectric Actuators and Motors Market Overview
Figure 4. Europe Piezoelectric Actuators and Motors Market, by Product
Figure 5. Europe Piezoelectric Actuators and Motors Market, by Application
Figure 6. Europe Piezoelectric Actuators and Motors Market, by Country
Figure 7. Europe PEST Analysis
Figure 8. Europe Piezoelectric Actuators and Motors Market- Ecosystem Analysis
Figure 9. Europe Piezoelectric Actuators and Motors Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe Piezoelectric Actuators and Motors Market Breakdown by Type, 2020 & 2028 (%)
Figure 12. Europe Piezo Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. Europe Piezo Linear Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. Europe Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. Europe Piezo Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. Europe Piezo Stack Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. Europe Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. Europe others Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. Europe Piezoelectric Actuators and Motors Market Breakdown by Application, 2020 & 2028 (%)
Figure 20. Europe Automotive Market Revenue and Forecasts to 2028 (US$ Million)
Figure 21. Europe Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. Europe Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)
Figure 23. Europe Medical Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. Europe Aerospace Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. Europe others Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. Europe: Piezoelectric Actuators and Motors Market, by Key Country – Revenue (2020) (US$ Million)
Figure 27. Europe: Piezoelectric Actuators and Motors Market Revenue Share, By Country (2020 and 2028)
Figure 28. Germany: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. France: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Italy: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. UK: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Russia: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of Covid-19 Pandemic in Europe Country Markets
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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