Demand for Piezoelectric Motor Is Expanding at a CAGR of 4% by 2030 | Fact.MR Research

The global demand for piezoelectric motor is poised to embark on a modest growth trajectory, expanding at a CAGR of over 4% in the forecast period (2020-2030). This is attributed to the growing trend of miniaturization and greater focus on piezoelectric working principles.

Miniaturization is a key trend across industry verticals, and is predominant with medical devices, automotive components, and consumer electronics. Miniaturization has necessitated the use of piezoelectric motors and the trend is likely to continue over the coming years.

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COVID-19 Impact Insights

The piezoelectric motor market is severely affected by the COVID-19 outbreak. Globally, manufacturing units have come to a halt due to the lockdown. Supply chain disruptions are multiplying in the wake of sharply declining global demand.

The automotive, aerospace and defense sectors contribute around 15% of global revenues to the piezoelectric motor market and are significantly affected by the COVID-19 pandemic. It is estimated to have a negative impact on the market by the end of 2020.

Moreover, demand for the piezoelectric motors in the medical sector will marginally decline in 2020. In addition, a resumption of industrial activity and mass production of consumer electronics over the forecast period would result in a significant uptick in demand for piezoelectric motors.

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Key Segments of the Piezoelectric Motor Market

Fact.MR’s study on the piezoelectric motor market offers information divided into four important segments-product, end use industry, operating force/torque, and regional analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Product

• Standard LPM
• Non-magnetic LPM
• Vacuum LPM
• Standard RPM
• Non-magnetic RPM
• Vacuum RPM

End-Use Industry

• Micro Positioning Stages
• Medical & Lab Automation Equipment
• Automotive, Aerospace & Defence
• Robotics & Factory Automation
• Optics & Photonics
• Instrumentation

Operating Force/Torque

• 0-20 N
• 20-150 N
• 150 – 225 N
• Above 225 N
• Below 10 mNm
• 10 – 25 mNm
• Above 225 mNm

Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

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Questionnaire answered in the Global Piezoelectric Motor Market report include:

• How the market for Global Piezoelectric Motor has grown?
• What is the present and future outlook of the global Global Piezoelectric Motor on the basis of region?
• What are the challenges and opportunities for the Global Piezoelectric Motor?
• Why the consumption of Global Piezoelectric Motor highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Global Piezoelectric Motor market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Global Piezoelectric Motor market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Global Piezoelectric Motor market and assists to create strategies to overcome the obstacles that may hinder the growth of the Global Piezoelectric Motor market.
• Leverage: The Global Piezoelectric Motor market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Global Piezoelectric Motor market.

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