North America 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 North America piezoelectric actuators and motors market constitutes countries such as the US, Canada, and Mexico. North America’s technological advancements have made it a highly competitive market. The countries of the region are enhancing the overall business processes to meet the customers' demand for high-quality products. North America leverages one of the most developed industries including automotive, healthcare, consumer electronic, and defense and aerospace industries thus, the region owns one of the strongest potential for piezoelectric actuators and motors market. Further, the region is among the major automotive sectors. As per the International Organization of Motor Vehicle Manufacturers (OICA) data, in 2020, 13,375,622 units of vehicles of all categories (including commercial and passenger) were manufactured. The region has a presence of various automotive manufacturers such as Ford Motor Company, Tesla, BMW, Porsche, Daimler, Toyota, Honda, Nissan, Renault, RAM, VW, Hyundai, Fiat Chrysler Automobiles, and General Motors Company. Also, the governments of the countries in North America are taking initiatives for the development of the automotive sector. The Department of Energy funded the Advanced Technology Vehicle Manufacturing Loan Program worth US$ 25 billion. These factors are expected to boost the adoption of advanced technology such as actuators, in the automotive sector, and subsequently create lucrative opportunities for piezoelectric actuators and motors market.
North America is one of the leading regions in terms of the development and adoption of new technologies due to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial sector hampers the economic growth of the region. Presently, the US is the world’s worst-affected country due to the COVID-19 outbreak. The industry's reliance on human labor has been highlighted by the recent pause in industrial automation and development. This is expected to showcase the benefits of factory automation in the post-lockdown phase, leading to increased adoption. The overall demand for industrial automation components and digitalization is likely to increase once the industries attain normal operational conditions. These technologies are a need amid high market competition worldwide. Hence, the piezoelectric ultrasonic transducer and actuators sector is projected to grow at a steady pace in the post-pandemic period.
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Market Overview and Dynamics
The piezoelectric actuators and motors market in North America is expected to grow from US$ 3,077.48 million in 2021 to US$ 5,103.71 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028. North America is characterized by the presence of big industrial factories and plants. With the increase in strict emission norms by governments, the industrial plants have started to adopt piezoelectric actuators in their diesel engines as fuel injectors which control high-pressure fluids and supply fuels in precise amount and subsequently control the excess supply of fuels which makes diesel engines more fuel-efficient and help to reduce carbon emission.
Key Market Segments
North America 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 North America piezoelectric actuators and motors market is segmented into US, Canada, and Mexico. US 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 North America 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.
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- To understand the North America piezoelectric actuators and motors market landscape and identify market segments that are most likely to guarantee a strong return.
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- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Piezoelectric Actuators and Motors Market Segmentation
North America Piezoelectric Actuators and Motors Market - By Product
- Piezo Motors
- Piezo Actuators
North America Piezoelectric Actuators and Motors Market - By Application
- Automotive
- Industrial and Manufacturing
- Medical
- Aerospace
- Consumer Electronics
- Others
North America Piezoelectric Actuators and Motors Market - By Country
- US
- Canada
- Mexico
North America 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. North America Piezoelectric Actuators and Motors Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Piezoelectric Actuators and Motors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand of Piezoelectric Technology in Medical Devices
5.1.2 High Flexibility of Piezoelectric Actuators and Motors in Automotive Industry
5.2 Market Restraints
5.2.1 Presence of Alternative Actuators and Motors
5.3 Market Opportunities
5.3.1 Combining of Piezoelectric Actuators with Haptic Technology
5.4 Future trends
5.4.1 Growing Demand of Compact Consumer Electronic Products
5.5 Impact Analysis of Drivers and Restraints
6. Piezoelectric Actuators and Motors – North America Market Analysis
6.1 North America Piezoelectric Actuators and Motors Market Overview
6.2 North America Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis
7. North America Piezoelectric Actuators and Motors Market Analysis – By Product
7.1 Overview
7.2 Piezo Motors
7.2.1 Overview
7.2.2 North America 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 North America 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 North America Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)
7.3 Piezo Actuators
7.3.1 Overview
7.3.2 North America 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 North America 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 North America Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)
7.3.5 Others
7.3.5.1 Overview
7.3.5.2 North America Others Market Revenue and Forecasts to 2028 (US$ Million)
8. North America Piezoelectric Actuators and Motors Market Analysis – By Application
8.1 Overview
8.2 Automotive
8.2.1 Overview
8.2.2 North America Automotive Market Revenue and Forecasts to 2028 (US$ Million)
8.3 Industrial and Manufacturing
8.3.1 Overview
8.3.2 North America Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)
8.4 Consumer Electronics
8.4.1 Overview
8.4.2 North America Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)
8.5 Medical
8.5.1 Overview
8.5.2 North America Medical Market Revenue and Forecasts to 2028 (US$ Million)
8.6 Aerospace
8.6.1 Overview
8.6.2 North America Aerospace Market Revenue and Forecasts to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 North America Others Market Revenue and Forecasts to 2028 (US$ Million)
9. North America Piezoelectric Actuators and Motors Market –Country Analysis
9.1 Overview
9.1.1 North America: Piezoelectric Actuators and Motors Market, By Country
9.1.1.1 United States: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 United States: Piezoelectric Actuators and Motors Market, By Product
9.1.1.1.1.1 United States: Piezoelectric Motors Market, By Type
9.1.1.1.1.2 United States: Piezoelectric Actuators Market, By Type
9.1.1.1.2 United States: Piezoelectric Actuators and Motors Market, By Application
9.1.1.2 Canada: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Piezoelectric Actuators and Motors Market, By Product
9.1.1.2.1.1 Canada: Piezoelectric Motors Market, By Type
9.1.1.2.1.2 Canada: Piezoelectric Actuators Market, By Type
9.1.1.2.2 Canada: Piezoelectric Actuators and Motors Market, By Application
9.1.1.3 Mexico: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Piezoelectric Actuators and Motors Market, By Product
9.1.1.3.1.1 Mexico: Piezoelectric Motors Market, By Type
9.1.1.3.1.2 Mexico: Piezoelectric Actuators Market, By Type
9.1.1.3.2 Mexico: Piezoelectric Actuators and Motors Market, By Application
10. North America Piezoelectric Actuators and Motors Market – COVID -19 Impact Analysis
10.1 North America: 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. North America Piezoelectric Actuators and Motors Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Piezoelectric Actuators and Motors Market Revenue Share, By Country
Table 3. United States Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 4. United States Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 5. United States Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. United States Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Piezoelectric Actuators and Motors Market, By Product– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Piezoelectric Motors Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Piezoelectric Actuators Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Piezoelectric Actuators and Motors Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Piezoelectric Actuators and Motors Market Segmentation
Figure 2. North America Piezoelectric Actuators and Motors Market Segmentation – By Country
Figure 3. North America Piezoelectric Actuators and Motors Market Overview
Figure 4. North America Piezoelectric Actuators and Motors Market, by Product
Figure 5. North America Piezoelectric Actuators and Motors Market, by Application
Figure 6. North America Piezoelectric Actuators and Motors Market, by Country
Figure 7. North America PEST Analysis
Figure 8. North America Piezoelectric Actuators and Motors Market- Ecosystem Analysis
Figure 9. North America Piezoelectric Actuators and Motors Market Impact Analysis of Drivers and Restraints
Figure 10. North America Piezoelectric Actuators and Motors Market Revenue Forecast and Analysis (US$ Million)
Figure 11. North America Piezoelectric Actuators and Motors Market Breakdown by Type, 2020 & 2028 (%)
Figure 12. North America Piezo Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. North America Piezo Linear Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. North America Piezo Rotary Motors Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. North America Piezo Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. North America Piezo Stack Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. North America Piezo Strip Actuators Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. North America others Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. North America Piezoelectric Actuators and Motors Market Breakdown by Application, 2020 & 2028 (%)
Figure 20. North America Automotive Market Revenue and Forecasts to 2028 (US$ Million)
Figure 21. North America Industrial and Manufacturing Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. North America Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Million)
Figure 23. North America Medical Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. North America Aerospace Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. North America others Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. North America: Piezoelectric Actuators and Motors Market, by Key Country – Revenue (2020) (US$ Million)
Figure 27. North America: Piezoelectric Actuators and Motors Market Revenue Share, By Country (2020 and 2028)
Figure 28. United States: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Piezoelectric Actuators and Motors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of Covid-19 Pandemic in North American Country Markets
- 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
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- Scrutinize in-depth North America 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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