Piezoelectric Motor Market to Witness Widespread Expansion During 2019-2029
Verfasser: ashwani_kailiya on Tuesday, 28 January 2020Miniaturization is the ongoing market trend across several industry verticals, especially in sectors including medical devices, consumer electronics and automotive components. Popularity of piezoelectric motors is on the basis of miniaturization and its demand is growing every day. Fact.MR report predicts that the global piezoelectric motors market will grow at 4% CAGR in the period 2020-2029.Photonics segment along with optical devices segment utilize piezoelectric motors for its positive attributes like fast auto focus for videos and images and provision of high resolution images in microscopy. Both the segments are expected to generate one-fifth of the total global revenue by the end of the year 2029. This revenue is expected to exceed the value of US$ 0.5 Bn.
Each segment of the piezoelectric motor market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- MEA and Japan
- APEJ (China, India)
The key players in the global piezoelectric motor market report consist of