South America Piezoelectric Actuators and Motors Market

Market Introduction

SAM includes countries such as Brazil, Argentina, Chile, and the Rest of SAM. Brazil is one of the fastest-growing countries in the region in terms of industrialization. The governments of other emerging economies in the region are taking several initiatives to support industrial growth. For instance, Argentina is concentrating on attracting FDIs by taking several initiatives such as signing international bilateral agreements and removing restrictions on foreign direct investments (FDIs). Such government initiatives for attracting FDIs are expected to increase the investments in manufacturing industries. The ongoing initiatives from the regional governments are anticipated to help in the development of businesses in SAM with the increasing application of piezoelectric actuators and motors. Further, industries such as automotive, industrial machinery, and aerospace, are embracing the adoption of piezoelectric actuators and motors to ensure greater fuel efficiency, while reducing carbon emission along with other operational efficiencies. This will further increase the demand for piezoelectric actuators and motors in South and Central America. Thus, the constantly growing manufacturing sector is positively impacting the demand for piezoelectric actuators and motors across the region, thereby contributing to the growth of the market.  

In SAM, Brazil recorded the highest number of COVID-19 cases, followed by Ecuador, Peru, Chile, and Argentina. Governments are imposing travel restrictions, lockdowns, and trade bans to contain the infection spread. Thus, the pandemic has been severely affecting the piezoelectric actuators and motors market growth in this region as manufacturing industry had halted its operations. However, recent relaxations in lockdown and the arrangement of large-scale vaccination drives are helping the economies to bounce back, which would allow many companies from manufacturing industries to regain their operations in the next a few quarters.                        

Market Overview and Dynamics

The piezoelectric actuators and motors market in SAM is expected to grow from US$ 970.73 million in 2021 to US$ 1,476.34 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. Piezoelectric actuators and motors market manufacturers is anticipated to witness spur in demand of piezoelectric actuators and motors due to rising its adaptability in various industries, such as automotive, consumer electronic goods, aerospace, and healthcare among others. Also, the rising trend of small and light weight consumer electronic products demand is expected to proliferate the market in multiple folds. Thus, piezoelectric actuators and motors manufacturers business is anticipated to grow further.

Key Market Segments

SAM 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 SAM piezoelectric actuators and motors market is segmented into Brazil, Argentina, and rest of SAM. Brazil 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 SAM 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 SAM 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 SAM piezoelectric actuators and motors market.
• Efficiently plan M&A and partnership deals in SAM 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 SAM piezoelectric actuators and motors market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Piezoelectric Actuators and Motors Market Segmentation

SAM Piezoelectric Actuators and Motors Market - By Product

• Piezo Motors
• Piezo Actuators

SAM Piezoelectric Actuators and Motors Market - By Application

• Automotive
• Industrial and Manufacturing
• Medical
• Aerospace
• Consumer Electronics
• Others

SAM Piezoelectric Actuators and Motors Market - By Country

• Brazil
• Argentina
• Rest of SAM

SAM 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

South America Piezoelectric Actuators and Motors Market Strategic Insights

South America Piezoelectric Actuators and MotorsMarket Report Highlights

South America Piezoelectric Actuators and Motors Market Country and Regional Insights