Lucintel’s latest market report analyzed that thin film piezoelectric provides attractive opportunities in the aerospace and defense, industrial and manufacturing, automotive, healthcare, information and communication, and consumer electronics industries. The thin film piezoelectric market is expected to grow at a CAGR of 13% to 15%. In this market, actuators is the largest segment by product type, whereas aerospace and defense is largest by end use industry.
Download Brochure of this report by clicking on https://www.lucintel.com/thin-film-piezoelectric-device-market.aspx Based on product type, the thin film piezoelectric market is segmented into piezoelectric sensors, actuators, motors, transducers, generators, and others. The actuators segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to less heat, less power consumption, fast response, high actuating precision, compact size, high reliability, and low cost.
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The Thin Film Piezoelectric Market is marked by the presence of several big and small players. Some of the prominent players offering thin film piezoelectric include L3HARRIS TECHNOLOGIES, INC., CeramTec GmbH, CTS CORPORATION, Physik Instrumente (PI) GmbH & Co. KG., and APC International, Ltd.
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