• 出版社/出版日：Mordor Intelligence / 2021年5月25日
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The Global Piezoelectric Smart Material Market is projected to register a CAGR of more than 3% during the forecast period (2021-2026).
The recent COVID-19 pandemic, which has devastated many countries around the world, has also negatively impacted the sensor, control, and automation industry. Although capital investments in the automation sector were sluggish prior to the pandemic, they are likely to be put on hold or postponed for at least a year. The latest industrial manufacturing and development halt is supposed to serve as a wake-up call for the manufacturing sectors depending on human labor. As a result, the benefits of robotics and automation are expected to be highlighted, resulting in greater adoption in the post-pandemic era. However, for the time being, the pandemic has triggered the shutdown of electronic component manufacturing facilities, which have highly impacted the production of sensors and actuators, and thus, limiting the global demand for piezoelectric smart materials.
– Over the short term, increasing demand from the military and aerospace sectors is likely to propel the growth of the market. The commercial airline producers, defense, and space exploration divisions constantly seek advanced modern materials that are reliable, strong, and meet the specifications of highly specialized applications. This have become the major factor, which leads to increase the demand of piezoelectric smart materials in aerospace and defense.
– However, high cost of smart saterials, tends to restrain the growth of the market.
– North America is expected to account for the highest market share rate during the forecast period.
Key Market Trends
Aerospace and Defense Industry to Witness the Highest Growth Rate
– In the aerospace sector, piezoelectric smart materials help in guiding the airflow across the wings of an aircraft and maintaining it during take-off and landing.
– Additionally, these materials are also known to resolve common complications with the aircraft, such as engine vibration, high cabin noise levels, ice formation on wings, flow separation due to turbulence, and control surfaces in cold conditions.
– According to the Boeing Commercial Market Outlook 2020–2039, more than 43,110 new airplane deliveries are required globally. Single-aisle airplanes are likely to command the largest share of new deliveries (with more than 70% share), with the need for more than 32,270 airplanes, arising through the next 20 years. The demand for widebody airplanes is expected to be 7,480, while the demand for freighter is expected to 930 over the next 20 years.
– The airline operators are expected to replace older jets with more fuel-efficient models and expand their fleets to accommodate the steady rise in air travel across emerging and established markets.
– Over the last decade, growth in passenger air travel averaged 6.5% per year, well above the long-term average of 5%. In this business environment, many of the world’s airlines grew their fleets through deliveries of new airplanes and often delayed airplane retirements to accommodate passenger demand. The increasing number of aircraft deliverables is expected to increase the manufacturing activities in the sector, which in-turn will enhance the demand of advanced materials in order to reduce the vibrations and noises, thus stimulating the consumption piezoelectric smart materials globally.
– In addition, these materials are also used as smart sensors, smart nanorobotics, smart combat suits, and smart skins in the military and defense sector extensively.
– However, due to COVID-19 pandemic, the lockdown across the major electronic component producing countries, and the shutdown of key player’s manufacturing facilities, have reduced the consumption of piezoelectric smart sensors globally, which tends to constrain the growth of the market.
North America to Dominate the Market
– North America is has been the leading market for the piezoelectric smart materials market, in terms of revenue, in recent years.
– Piezoelectric materials are a class of smart materials that produce a voltage when subjected to external stimuli is applied. These properties lead to an increase in demand from the construction and aerospace industry.
– The commercial construction sector was expected to increase by 0.9% in 2020 and 1.5% in 2021, according to a survey conducted by the American Institute of Architects. Construction activities in the healthcare sector are expected to register a growth rate of 3.5% in 2020 and 3.4% in 2021. The report also indicates the growth of office spaces by 0.5% in 2020 and further by 3% in 2021. Even though the US construction sector took a plunge in 2020, the industry is expected to recover and grow by late 2021. Furthermore, the rising demand for office space in the United States is the primary driving factor augmenting the use of piezoelectric smart materials market in the region.
– Additionally, there has been significant growth in the demand for piezoelectric materials in Canada for usage in several end-user industries like construction, healthcare, etc.
– The construction industry in Canada was undergoing a high growth over the past decade, with about 50 skyscrapers being built in major cities, including Toronto, Vancouver, and Calgary. However, it has seen a decline in the recent past, with a total value of residential permits decreasing by about 13.1% to reach a total of CAD 4.6 billion (~USD 3.27 billion) revenue in March 2020.
– Similarly, the total value of non-residential permits decreased for the third consecutive month in March 2020, with seven provinces reporting declines in the value of commercial permits issued, resulting in the national total witnessing about 19.7% decline to reach a total of CAD 1.6 billion (~USD 1.14 billion). This is expected to negatively affect the market studied.
– In the healthcare industry, the medical device sector is a highly diversified and export-oriented industry that manufactures equipment and supplies. The country had an estimated ~USD 4.9 billion medical device market in 2019. The sector is driven by product innovation. The industry can draw on world-class innovative research being conducted in Canadian universities, research institutes, and hospitals, some of which have been spun-off into Canadian medical device companies.
– At the end of 2019, the Mexican Federation of Aerospace Industry (FEMIA) estimated the Mexican aircraft industry’s manufacturing exports to be around USD 9.5 billion. As of mid-2019, the country had about 360 aerospace manufacturing firms, which increased notably from 100 firms recorded in 2004.
– Therefore, with the expected rise in aircraft production in the coming years, to replace the old ones, and growing defense spending to strengthen national security and increase defense ability, the country is likely to create opportunities for the market over the next decade.
– Hence, owing to the above-mentioned reasons, North America is likely to dominate the market during the forecast period.
The Piezoelectric Smart Material market is partially consolidated in nature. Some of the major players in the market include Arkema, APC International, Ltd., CeramTec GmbH, CTS Corporation, and KYOCERA Corporation among others.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Increase in Demand from Military and Aerospace Sector
4.1.2 Growing Demand from Construction
4.2.1 High Cost of Smart Materials
4.2.2 Impact of COVID-19 Pandemic
4.3 Industry Value-chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.2.4 Building Materials
5.3 End-user Industry
5.3.1 Agriculture and Food
5.3.2 Construction and Infrastructure
5.3.4 Leisure and Sports
5.3.6 Aerospace and Defense
5.3.7 Other End-user Industries
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.4.2 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
5.4.4 South America
22.214.171.124 Rest of South America
5.4.5 Middle-East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 South Africa
184.108.40.206 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 APC International, Ltd.
6.4.2 Arkema Group
6.4.3 CeramTec GmbH
6.4.4 CTS Corporation
6.4.5 KYOCERA Corporation
6.4.9 TDK Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growth of Nanotechnology in Smart Materials
7.2 Other Opportunities