European piezoelectric devices market is expected to grow at a CAGR of around 7.3% during the forecast period. Europe has been significantly contributing to the global piezoelectric devices market, owing to the growing adoption of electrical equipment and semiconductor devices in automotive and biomedical devices. Presence of several major automobile companies augments the demand for piezoelectric devices in the region. The increasing expenditure in the healthcare, electronics and automotive sector by the European countries is offering an opportunity for the growth of the market in the region.

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The fifth generation of the telecommunications systems, or simply 5G, in the next decade, will be the most important building block of the digital society. Europe has taken significant steps for leading global developments towards this strategic technology. The next generation of the communication systems will provide virtually ubiquitous, ultra-high bandwidth, connectivity to the individual users and the connected objects. In December 2013, European Commission has signed a landmark agreement with the ‘5G Infrastructure Association’ representing major industry players for establishing a Public-Private Partnership on 5G (5G PPP).

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This is the flagship initiative taken by the EU to accelerate the R&D in 5G technology. Public funding of $865 million has been earmarked by the European Commission through the Horizon 2020 Programme for supporting this activity. Investment of the EU in 5G research and standards is a significant factor in reinforcing EU know-how and leadership in the field of ultrafast broadband. With the emergence of 5G technology in Europe, the market for piezoelectric devices is estimated to grow significantly during the forecast period. Piezoelectric technology is being used for CMOS (complementary metal-oxide-semiconductor) in the form of piezoelectric resonators. These resonators also are being tested to be used as FBAR (film bulk acoustic resonator) filters for millimeter wave imaging (5G technology). 

Market Segmentation

European Piezoelectric Devices Market by Application

·         Aerospace

·         Automotive

·         Healthcare

·         Industrial and Manufacturing

·         Communication

·         Military and Defense

·         Others

European Piezoelectric Devices Market by Material

·         Naturally Occurring Crystal

·         Synthetic Derived Material

·         Ceramics

·         Polymer

·         Composite

European Piezoelectric Devices Market by Product

·         Actuators

·         Longitudinal Actuators

·         Acoustic Devices

·         Motors

·         Transducers

·         Generators

·         Resonators

·         Sensors

Regional Analysis

·         UK

·         Germany

·         France

·         Spain

·         Italy

·         Rest of Europe

Company Profiles

·         APC International, Ltd.

·         Cedrat Technologies SA

·         CeramTec GmbH

·         CTS Corp.

·         Emfit Ltd.

·         Harris Corp.

·         Ionix Advanced Technologies Ltd.

·         Mad City Labs, Inc.

·         Physik Instrumente (PI) GmbH & Co. KG

·         Piezocryst Advanced Sensorics GmbH

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