Middle East and Africa 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 MEA region includes countries such as South Africa, Saudi Arabia, and the UAE. The region is expected to witness a rapid increase in commercialization and industrialization in the coming years, which would further boost the demand for piezoelectric actuators and motors across various industries. The MEA stands as one of the world’s fastest-growing markets for the logistics and transportation sector along with a strong public infrastructure presence in Dubai and Abu Dhabi. Continuous growth in industrialization in Saudi Arabia is pushing the country toward the integration of automated supply chains within different industries. Saudi Arabia is witnessing balanced development due to the continuous support from the government for industrialization in Yanbu and Jubail. The government initiatives to encourage the manufacturing sector of the MEA region are expected to increase the demand for piezoelectric actuators and motors. Further, South Africa is one of the fastest-growing countries in Africa, and it has shown prominent growth in its automotive sector. In 2020, the country had manufactured 447,218 units of all categories of vehicles as per the OICA data. Hence, the rising manufacturing industries, including the automotive sector, are expected to positively contribute to the piezoelectric market as the majority of manufacturing industries are beneficiaries of piezoelectric actuators and motors. Thus, the market is expected to flourish in the upcoming years.
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.
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Market Overview and Dynamics
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. South Africa is among the most advanced and developed countries in the African region. It is the most industrialized, technologically advanced, and diversified economy on the African continent. The automotive industry is one of the most important industries of the country’s economy. The industry accounts for ~10% of the country’s manufacturing exports, which makes it a crucial aspect of its economy. Furthermore, South Africa is an economically growing country thereby experiencing investment in various technologies across all industries. Medical devices and equipment industry in the country have also experienced surge in demand over the years. Thus, the above-mentioned industries are the major end-user of piezoelectric actuators and motors and creating lucrative opportunity for the market in South Africa.
Key Market Segments
MEA 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 MEA piezoelectric actuators and motors market is segmented into Saudi Arabia, South Africa, UAE and rest of MEA. South Africa 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 MEA 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.; 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 MEA 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 MEA piezoelectric actuators and motors market.
- Efficiently plan M&A and partnership deals in MEA 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 MEA piezoelectric actuators and motors market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
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 - 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. 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA market trends and outlook coupled with the factors driving the piezoelectric actuators and motors market, as well as those hindering it
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