The global market for piezoelectric-operated actuators and motors is expected to read $12.3 billion by 2014, showing an average annual growth rate of 13.2 percent per year, estimates a recent report by iRAP.
In 2009, the global market was estimated to be $6.6 billion.
New piezo-based technology has breathed new capability into the nano- and micro-positions world. Pieso actuation is becoming more suitable for applications that could only be addressed by magnetic motors.
Piezoelectric actuators have been commercialized in various areas such as information technology, robotics, biomedical engineering, automotive, ecological and energy engineering.
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The largest segment in the pizeo-based technology market will be piezoelectric-operated actuators and motors in ultra-small scale precision motion related applications, which reached $3,200 million (48.6 percent share) in 2009. Other segments include:
Phone cameras, digital cameras, microscope lenses, mirrors and optics, estimated at $2,800 million (42.5 percent share) in 2009.
Auto fuel injectors, micro-pumps, micro-blowers, printer cartridges, surgical instruments and mini-robots, estimated at $587 million (8.9 percent share).
Other findings from the report include:
The highest growth segment of the piezoelectric-operated actuators and motors market is life sciences and medical technology, which is expected to grow at 18.7 percent annually.
Bulk PZT material-based piezo actuators and motors have the highest market share at 98 percent.
North America has the largest regional market share with 40.5 percent, followed by Europe with 34 percent, Japan with 20 percent, and the balance 5.5 percent for China and the rest of the world.
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