The global piezoelectric actuators and motors market to grow at a CAGR of 16.24% during the period 2017-2021.
The report, Global Piezoelectric Actuators and Motors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in market is increasing demand for diverse applications. The extensive use of piezoelectric actuators in the semiconductors industry and microelectronics, optics, biology, photonics, telecommunication, and metrology sectors is expected to increase the growth of the market during the forecast period. Piezoelectric actuators and motors are finding broad applications in vibration cancelation, machine tool alignment, fiber tool alignment, gene manipulation, active damping, shockwave generation, image stabilization, and wafer-mask alignment. This is expected to drive the growth of the global piezoelectric actuators and motors market during the forecast period.
According to the report, one driver in market is use of thinner multilayer actuators in smartphones. The thickness of consumer electronic devices such as smartphones is reducing. A few years back, the average thickness of a smartphone was around 10 mm. Currently, the thinnest phone available in the market is only 4.5-mm thick. These phones require small components because they are thin. Piezoelectric actuators are used in smartphones for camera operations and haptic feedback systems.