Europe 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)

Code: TIPRE00025355 | Pages: 128 | Industry: Electronics and Semiconductor | Date: Oct 2021
Covid

Market Introduction

Europe comprises economies such as Germany, France, the UK, and Italy. The western part of Europe is characterized for its higher standards of living, with high GDP. The automotive industry contributes 7% to the GDP of the region. The automotive sector supports the growth of the economy by assisting the supply chain that results in the creation of a diversified array of business opportunities and services. The European region comprises several major automotive manufacturing assembly and production plants. There are ~298 vehicle assembly plants across Europe. As per the OICA data, the region had manufactured 16,921,311 units of vehicles of all categories in 2020. The growing automotive sector is creating a lucrative opportunity for the piezoelectric actuators and motors market as the sector is increasingly using piezoelectric actuators in vehicles. Piezoelectric actuators convert an electrical signal into mechanical movement; hence, they can be used for adjusting mirrors, lenses, and other automotive parts. Thus, the growing automotive sector will subsequently foster the piezoelectric actuators and motors market growth in the region.

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.             


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Market Overview and Dynamics

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. The aerospace sector is the most high-tech sector in Europe. The European aeronautic industry is a multifaceted industry that is involved in the development and manufacturing of a wide range of products such as aero engines, unmanned aerial vehicles, helicopters, military and civil aircraft, systems, and equipment. Hence, the rising aerospace sector in the region is expected to proliferate the market share. The sector has emerged as one of the biggest beneficiaries of piezoelectric actuators as they are used in aircraft for improving fuel efficiency and reducing carbon emissions and control system failures. Thus, the growing aerospace sector is expected to propel the growth of the piezoelectric actuators and motors market.

Key Market Segments

Europe 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 Europe piezoelectric actuators and motors market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Germany 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 Europe 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.; PiezoMotor Uppsala AB; piezosystem jena GmbH; and TDK Corporation.         

Reasons to buy report

  • To understand the Europe 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 Europe piezoelectric actuators and motors market.
  • Efficiently plan M&A and partnership deals in Europe 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 Europe piezoelectric actuators and motors market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

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 - Company Profiles

  • 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
 

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

  1. APC International, Ltd.
  2. CEDRAT TECHNOLOGIES
  3. FAULHABER Group
  4. Johnson Electric Holdings Limited
  5. Microfine Materials Technologies Pte Ltd
  6. Physik Instrumente (PI) GmbH & Co. KG.
  7. PiezoMotor Uppsala AB
  8. piezosystem jena GmbH
  9. TDK Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe piezoelectric actuators and motors market
  • Highlights key business priorities in order to assist companies to realign their business strategies
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  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe 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
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