Asia Pacific 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)
Market Introduction
The presence of emerging economies and the rise in the adoption of advanced and sophisticated technologies are contributing to the overall growth of the APAC region. China, Japan, Australia, India, and South Korea are the major contributors to the development of the piezoelectric actuators and motors market in the region. Rapid technological developments, digitalization of economies, and adequate government support for setting up manufacturing industries are contributing to the smooth evolution of these economies from the developing stage to the developed stage. For instance, to attract more foreign investments in the manufacturing industry, the government of India has introduced the “Make in India” initiative to encourage companies to manufacture in India and incentivize dedicated investments into manufacturing. Similarly, the Chinese government has launched “Made in China 2025,” a national strategic plan to further develop the manufacturing industry of the People's Republic of China. The ongoing government support to the manufacturing industry is expected to propel the growth of the piezoelectric actuators and motors market in the region. Also, there is a presence of major automotive manufacturers such as Suzuki, Mitsubishi, Hyundai-Kia, Nissan, Tata Motors Limited, Lexus, and Toyota, in the region. These major automotive companies are expected to positively influence the market as the automotive sector is turning into one of the largest beneficiaries of piezoelectric actuator products.
APAC constitutes the world’s two most populated countries—China and India. China, Japan, and India are a few prominent automobile manufacturing countries in the region. Also, the region represents one of the largest manufacturing industries across the world. The COVID-19 outbreak has brought the entire manufacturing industries to a halt. As a result, supply chain has been disrupted and caused the shortage of raw material required for the manufacturing of piezoelectric actuators and motors. Thus, the overall decline of manufacturing industries hampered the demand for piezoelectric actuators and motors across APAC during the first two quarters of 2020. However, with the resumption of several economies in the region, the manufacturing activities of automotive and consumer electronic goods have slowly resumed, and the rise in demand for these products are supporting the APAC piezoelectric actuators and motors market growth. Thus, the market is projected to recover steadily and gain traction for piezoelectric actuators and motors during the forecast period.
Get more information on this report :
Market Overview and Dynamics
The piezoelectric actuators and motors market in APAC is expected to grow from US$ 6,122.97 million in 2021 to US$ 11,130.66 million by 2028; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028. APAC region consists of one of the largest pharmaceutical industries across the globe and comprises major pharmaceutical companies such as Sun Pharmaceutical Industries Limited, Dr. Reddy's Laboratories, Astellas Pharma Inc, Takeda Pharmaceutical Co Ltd, and Hyphens. Also, the region has strong healthcare infrastructure growing at a significant rate due to the region’s rising population and the government initiatives for better health care. For instance, the government of India has launched a national health protection scheme “Ayushman Bharat.” In recent years, medical devices manufacturers have found wide applications of piezoelectric actuators. These actuators are used extensively in ultrasound scanners for medical imaging and magnetic resonance imaging (MRI) systems as the actuator movement does not produce magnetic fields. Hence, the flourishing healthcare sector in the region is expected to positively impact the piezoelectric actuators and motors market in the upcoming years.
Key Market Segments
APAC piezoelectric actuators and motors market is segmented into product, application, and country. Based on product, the market is segmented into piezo motors and piezo actuators. The piezo motors segment is further bifurcated into piezo linear motors and piezo rotary motors. Similarly, the piezo actuators segment is classified into stack actuators, strip actuators, and others. Piezoelectric actuators segment held the largest market share in 2020. In terms of application, the market is segmented into automotive, industrial & manufacturing, medical, aerospace, consumer electronics, and others. Industrial and Manufacturing segment held the largest market share in 2020. Based on country, the APAC piezoelectric actuators and motors market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the piezoelectric actuators and motors market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are APC International, Ltd.; CEDRAT TECHNOLOGIES; FAULHABER Group; Johnson Electric Holdings Limited; Microfine Materials Technologies Pte Ltd; Physik Instrumente (PI) GmbH & Co. KG.; Piezo Electric Technology Co., Ltd.; PiezoMotor Uppsala AB; piezosystem jena GmbH; and TDK Corporation.
Reasons to buy report
- To understand the APAC piezoelectric actuators and motors market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC piezoelectric actuators and motors market.
- Efficiently plan M&A and partnership deals in APAC piezoelectric actuators and motors market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC piezoelectric actuators and motors market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC Piezoelectric Actuators and Motors Market Segmentation
APAC Piezoelectric Actuators and Motors Market - By Product
- Piezo Motors
- Piezo Actuators
APAC Piezoelectric Actuators and Motors Market - By Application
- Automotive
- Industrial and Manufacturing
- Medical
- Aerospace
- Consumer Electronics
- Others
APAC Piezoelectric Actuators and Motors Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Piezoelectric Actuators and Motors Market - Company Profiles
- APC International, Ltd.
- CEDRAT TECHNOLOGIES
- FAULHABER Group
- Johnson Electric Holdings Limited
- Microfine Materials Technologies Pte Ltd
- Physik Instrumente (PI) GmbH & Co. KG.
- Piezo Electric Technology Co., Ltd.
- 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. APAC Piezoelectric Actuators and Motors Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. APAC Piezoelectric Actuators and Motors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Piezoelectric Technology Highly Used in Medical Devices
5.1.2 Automotive Industry Adopting Piezoelectric Actuators and Motors
5.2 Market Restraints
5.2.1 Alternative Actuators and Motors Available
5.3 Market Opportunities
5.3.1 Piezoelectric Actuators Coming Up with Haptic Technology
5.4 Future trends
5.4.1 Growing Popularity of Compact Consumer Electronic Products
5.5 Impact Analysis of Drivers and Restraints
6. Piezoelectric Actuators and Motors – APAC Market Analysis
6.1 APAC Piezoelectric Actuators and Motors Market Overview
6.2 APAC Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis
7. APAC Piezoelectric Actuators and Motors Market Analysis – By Product
7.1 Overview
7.2 Piezo Motors
7.2.1 Overview
7.2.2 APAC 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 APAC 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 APAC Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)
7.3 Piezo Actuators
7.3.1 Overview
7.3.2 APAC 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 APAC 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 APAC Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)
7.3.5 Others
7.3.5.1 Overview
7.3.5.2 APAC Others Market Revenue and Forecasts to 2028 (US$ Million)
8. APAC Piezoelectric Actuators and Motors Market Analysis – By Application
8.1 Overview
8.2 Automotive
8.2.1 Overview
8.2.2 APAC Automotive Market Revenue and Forecasts to 2028 (US$ Million)
8.3 Industrial and Manufacturing
8.3.1 Overview
8.3.2 APAC Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)
8.4 Consumer Electronics
8.4.1 Overview
8.4.2 APAC Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)
8.5 Medical
8.5.1 Overview
8.5.2 APAC Medical Market Revenue and Forecasts to 2028 (US$ Million)
8.6 Aerospace
8.6.1 Overview
8.6.2 APAC Aerospace Market Revenue and Forecasts to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 APAC Others Market Revenue and Forecasts to 2028 (US$ Million)
9. APAC Piezoelectric Actuators and Motors Market –Country Analysis
9.1 Overview
9.1.1 APAC: Piezoelectric Actuators and Motors Market, By Country
9.1.1.1 Australia: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Piezoelectric Actuators and Motors Market, By Product
9.1.1.1.1.1 Australia: Piezoelectric Motors Market, By Type
9.1.1.1.1.2 Australia: Piezoelectric Actuators Market, By Type
9.1.1.1.2 Australia: Piezoelectric Actuators and Motors Market, By Application
9.1.1.2 China: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Piezoelectric Actuators and Motors Market, By Product
9.1.1.2.1.1 China: Piezoelectric Motors Market, By Type
9.1.1.2.1.2 China: Piezoelectric Actuators Market, By Type
9.1.1.2.2 China: Piezoelectric Actuators and Motors Market, By Application
9.1.1.3 India: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Piezoelectric Actuators and Motors Market, By Product
9.1.1.3.1.1 India: Piezoelectric Motors Market, By Type
9.1.1.3.1.2 India: Piezoelectric Actuators Market, By Type
9.1.1.3.2 India: Piezoelectric Actuators and Motors Market, By Application
9.1.1.4 Japan: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Piezoelectric Actuators and Motors Market, By Product
9.1.1.4.1.1 Japan: Piezoelectric Motors Market, By Type
9.1.1.4.1.2 Japan: Piezoelectric Actuators Market, By Type
9.1.1.4.2 Japan: Piezoelectric Actuators and Motors Market, By Application
9.1.1.5 South Korea: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Piezoelectric Actuators and Motors Market, By Product
9.1.1.5.1.1 South Korea: Piezoelectric Motors Market, By Type
9.1.1.5.1.2 South Korea: Piezoelectric Actuators Market, By Type
9.1.1.5.2 South Korea: Piezoelectric Actuators and Motors Market, By Application
9.1.1.6 Rest of APAC: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Piezoelectric Actuators and Motors Market, By Product
9.1.1.6.1.1 Rest of APAC: Piezoelectric Motors Market, By Type
9.1.1.6.1.2 Rest of APAC: Piezoelectric Actuators Market, By Type
9.1.1.6.2 Rest of APAC: Piezoelectric Actuators and Motors Market, By Application
10. APAC Piezoelectric Actuators and Motors Market - Covid-19 Impact Analysis
10.1 APAC: 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 Piezo Electric Technology Co., Ltd.
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 PiezoMotor Uppsala AB
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 TDK Corporation
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
12.10 piezosystem jena GmbH
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Piezoelectric Actuators and Motors Market Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Piezoelectric Actuators and Motors Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 4. AUSTRALIA Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 5. AUSTRALIA Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. Australia Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. China Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 8. CHINA Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. CHINA Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. China Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. India Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 12. INDIA Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. INDIA Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. India Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 16. JAPAN Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 17. JAPAN Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. Japan Piezoelectric Actuators and Motors Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 20. SOUTH KOREA Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 21. SOUTH KOREA Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 22. South Korea Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of APAC Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 24. REST OF APAC Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 25. REST OF APAC Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of APAC Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Piezoelectric Actuators and Motors Market Segmentation
Figure 2. APAC Piezoelectric Actuators and Motors Market Segmentation – By Country
Figure 3. APAC Piezoelectric Actuators and Motors Market Overview
Figure 4. APAC Piezoelectric Actuators and Motors Market, by Product
Figure 5. APAC Piezoelectric Actuators and Motors Market, by Application
Figure 6. APAC Piezoelectric Actuators and Motors Market, by Country
Figure 7. APAC – PEST Analysis
Figure 8. APAC Piezoelectric Actuators and Motors Market- Ecosystem Analysis
Figure 9. APAC Piezoelectric Actuators and Motors Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis (US$ Million)
Figure 11. APAC Piezoelectric Actuators and Motors Market Breakdown by Type, 2020 & 2028 (%)
Figure 12. APAC Piezo Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. APAC Piezo Linear Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. APAC Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. APAC Piezo Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. APAC Piezo Stack Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. APAC Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. APAC others Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. APAC Piezoelectric Actuators and Motors Market Breakdown by Application, 2020 & 2028 (%)
Figure 20. APAC Automotive Market Revenue and Forecasts to 2028 (US$ Million)
Figure 21. APAC Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. APAC Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)
Figure 23. APAC Medical Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. APAC Aerospace Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. APAC others Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. APAC: Piezoelectric Actuators and Motors Market, by Key Country – Revenue (2020) (US$ Million)
Figure 27. APAC: Piezoelectric Actuators and Motors Market Revenue Share, By Country (2020 and 2028)
Figure 28. Australia: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. China: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Japan: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. South Korea: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of APAC: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of Covid-19 Pandemic in APAC Country Markets
- APC International, Ltd.
- CEDRAT TECHNOLOGIES
- FAULHABER Group
- Johnson Electric Holdings Limited
- Microfine Materials Technologies Pte Ltd
- Physik Instrumente (PI) GmbH & Co. KG.
- Piezo Electric Technology Co., Ltd.
- PiezoMotor Uppsala AB
- piezosystem jena GmbH
- TDK Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC 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 APAC 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 APAC 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