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. 
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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
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. MEA Piezoelectric Actuators and Motors Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. MEA Piezoelectric Actuators and Motors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Piezoelectric Technology Increasingly Being Used in Medical Devices
5.1.2 Rising Acceptance of Piezoelectric Actuators and Motors in Automotive Sector
5.2 Market Restraints
5.2.1 Presence of Various Different Actuators and Motors
5.3 Market Opportunities
5.3.1 Haptic Technology Getting Integrated with Piezoelectric Actuators
5.4 Future trends
5.4.1 Compact Consumer Electronics are on Rise
5.5 Impact Analysis of Drivers and Restraints
6. Piezoelectric Actuators and Motors – MEA Market Analysis
6.1 MEA Piezoelectric Actuators and Motors Market Overview
6.2 MEA Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis
7. MEA Piezoelectric Actuators and Motors Market Analysis – By Product
7.1 Overview
7.2 Piezo Motors
7.2.1 Overview
7.2.2 MEA 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 MEA 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 MEA Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)
7.3 Piezo Actuators
7.3.1 Overview
7.3.2 MEA 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 MEA 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 MEA Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)
7.3.5 Others
7.3.5.1 Overview
7.3.5.2 MEA Others Market Revenue and Forecasts to 2028 (US$ Million)
8. MEA Piezoelectric Actuators and Motors Market Analysis – By Application
8.1 Overview
8.2 Automotive
8.2.1 Overview
8.2.2 MEA Automotive Market Revenue and Forecasts to 2028 (US$ Million)
8.3 Industrial and Manufacturing
8.3.1 Overview
8.3.2 MEA Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)
8.4 Consumer Electronics
8.4.1 Overview
8.4.2 MEA Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)
8.5 Medical
8.5.1 Overview
8.5.2 MEA Medical Market Revenue and Forecasts to 2028 (US$ Million)
8.6 Aerospace
8.6.1 Overview
8.6.2 MEA Aerospace Market Revenue and Forecasts to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 MEA Others Market Revenue and Forecasts to 2028 (US$ Million)
9. MEA Piezoelectric Actuators and Motors Market –Country Analysis
9.1 Overview
9.1.1 MEA: Piezoelectric Actuators and Motors Market, By Country
9.1.1.1 South Africa: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Piezoelectric Actuators and Motors Market, By Product
9.1.1.1.1.1 South Africa: Piezoelectric Motors Market, By Type
9.1.1.1.1.2 South Africa: Piezoelectric Actuators Market, By Type
9.1.1.1.2 South Africa: Piezoelectric Actuators and Motors Market, By Application
9.1.1.2 Saudi Arabia: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Piezoelectric Actuators and Motors Market, By Product
9.1.1.2.1.1 Saudi Arabia: Piezoelectric Motors Market, By Type
9.1.1.2.1.2 Saudi Arabia: Piezoelectric Actuators Market, By Type
9.1.1.2.2 Saudi Arabia: Piezoelectric Actuators and Motors Market, By Application
9.1.1.3 U.A.E: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 U.A.E: Piezoelectric Actuators and Motors Market, By Product
9.1.1.3.1.1 UAE: Piezoelectric Motors Market, By Type
9.1.1.3.1.2 UAE: Piezoelectric Actuators Market, By Type
9.1.1.3.2 U.A.E: Piezoelectric Actuators and Motors Market, By Application
9.1.1.4 Rest of MEA: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Piezoelectric Actuators and Motors Market, By Product
9.1.1.4.1.1 Rest of MEA: Piezoelectric Motors Market, By Type
9.1.1.4.1.2 Rest of MEA: Piezoelectric Actuators Market, By Type
9.1.1.4.2 Rest of MEA: Piezoelectric Actuators and Motors Market, By Application
10. MEA Piezoelectric Actuators and Motors Market - Covid-19 Impact Analysis
10.1 MEA: 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 FAULHABER Group
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 Johnson Electric Holdings Limited
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 Microfine Materials Technologies Pte Ltd
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 Physik Instrumente (PI) GmbH & Co. KG.
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 PiezoMotor Uppsala AB
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 TDK Corporation
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 piezosystem jena GmbH
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Piezoelectric Actuators and Motors Market Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA Piezoelectric Actuators and Motors Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 4. SOUTH AFRICA Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 5. SOUTH AFRICA Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 8. SAUDI ARABIA Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. SAUDI ARABIA Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. U.A.E Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. UAE Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. U.A.E Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of MEA Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 16. REST OF MEA Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 17. REST OF MEA Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of MEA Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Piezoelectric Actuators and Motors Market Segmentation
Figure 2. MEA Piezoelectric Actuators and Motors Market Segmentation – By Country
Figure 3. MEA Piezoelectric Actuators and Motors Market Overview
Figure 4. MEA Piezoelectric Actuators and Motors Market, by Product
Figure 5. MEA Piezoelectric Actuators and Motors Market, by Application
Figure 6. MEA Piezoelectric Actuators and Motors Market, by Country
Figure 7. MEA PEST Analysis
Figure 8. MEA Piezoelectric Actuators and Motors Market- Ecosystem Analysis
Figure 9. MEA Piezoelectric Actuators and Motors Market Impact Analysis of Drivers and Restraints
Figure 10. MEA Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis (US$ Million)
Figure 11. MEA Piezoelectric Actuators and Motors Market Breakdown by Type, 2020 & 2028 (%)
Figure 12. MEA Piezo Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. MEA Piezo Linear Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. MEA Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. MEA Piezo Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. MEA Piezo Stack Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. MEA Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. MEA others Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. MEA Piezoelectric Actuators and Motors Market Breakdown by Application, 2020 & 2028 (%)
Figure 20. MEA Automotive Market Revenue and Forecasts to 2028 (US$ Million)
Figure 21. MEA Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. MEA Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)
Figure 23. MEA Medical Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. MEA Aerospace Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. MEA others Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. MEA: Piezoelectric Actuators and Motors Market, by Key Country – Revenue (2020) (US$ Million)
Figure 27. MEA: Piezoelectric Actuators and Motors Market Revenue Share, By Country (2020 and 2028)
Figure 28. South Africa: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Saudi Arabia: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. U.A.E: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of MEA: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of Covid-19 Pandemic In MEA Country Markets
- 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
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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