Global To Register A Growth Rate Of X.X% During Forecast Period : FactMR

Key Segments of the Piezoelectric Motor Market

Fact.MR’s study on the piezoelectric motor market offers information divided into four important segments-product, end use industry, operating force/torque, and regional analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Product

• Standard LPM
• Non-magnetic LPM
• Vacuum LPM
• Standard RPM
• Non-magnetic RPM
• Vacuum RPM

End-Use Industry

• Micro Positioning Stages
• Medical & Lab Automation Equipment
• Automotive, Aerospace & Defence
• Robotics & Factory Automation
• Optics & Photonics
• Instrumentation

Operating Force/Torque

• 0-20 N
• 20-150 N
• 150 – 225 N
• Above 225 N
• Below 10 mNm
• 10 – 25 mNm
• Above 225 mNm

Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

LPM: Linear Piezoelectric Motor

RPM: Rotary Piezoelectric Motor

Piezoelectric Motor Market Manufacturers’ Primary Strategies

As a global strategy, leading piezoelectric motor manufacturers are working in tandem with device manufacturers, so that application areas of piezoelectric motors can be widened. PI (Physik Instrumente), PiezoMotor Uppsala, Nanomotion Ltd., and SmarAct are some of the renowned players in the piezoelectric motor market.

The top ten companies in the global piezoelectric motor market are estimated to account for over half of the global piezoelectric motor supply worldwide. Increase in preference for piezoelectric motors in new industry verticals and heightened demand is poised to attract brownfield as well as Greenfield investments in the mid-term forecast period.

Key Takeaways of Global Piezoelectric Motor Market Study:

• The linear piezoelectric motor market is growing at a significant rate and is projected to witness an absolute dollar opportunity of US$ 96 million during the forecast period.
• Piezoelectric motors are gaining traction over electromagnetic motors, as piezoelectric motors offer various advantages such as high operability in vacuum environments suitable for aerospace, semiconductors & electronics sector.
• North America is projected to be the most prominent region for piezoelectric motors, estimated to account for more than 25% market share. However, due to the rapid spread of coronavirus in the United States, the market growth for piezoelectric motors shall be impacted in the short-term.
• Optics and photonics segment is anticipated to gather momentum due to increase in the application of piezoelectric motors in cameras, telescope, and microscopes. The segment will witness an absolute dollar opportunity of US$ 30 Mn between 2020 and 2030.

“Prominent players are implementing ingenious techniques to achieve increased power density, yet higher upfront costs still pose a challenge to market growth”, says the Fact.MR analyst.