Asia-Pacific piezoelectric devices market is expected to grow at a CAGR of around 7.8% during the forecast period. Asia-Pacific is one of the promising regions for the growth of the piezoelectric devices market. Increasing telecommunication and automotive industry in the region are primarily contributing to the growth of the market in the region. Additionally, increasing demand for smartphones owing to a huge customer base in the region and a significant rise in the demand for electric vehicles is creating potential demand for piezoelectric devices. The demand for piezoelectric devices in the region is further augmented by its wide application in medical, semi-conductors, military equipment, consumer electronics and other industries. 

China is one of the major telecommunications markets in terms of the user. Apart from these countries, South Korea, Australia, Thailand and Indonesia are some major contributors to the market. The major companies which are active in the mobile phone market include Apple, Samsung, Xiaomi, Oppo, Vivo, Huawei, Sony and Lenovo. Power bank companies which are the major contributor in the Asia-Pacific region include Intex, Ambrane, Lenovo, Xiaomi and so on. Major electric vehicle companies present in the Asia-Pacific region are BYD, SAIC, FAW Group, Geely, Nissan, Toyota, Mahindra and among others. 

Key players in the market include CTS Corp., CeramTec Holding GmbH, and Harris Corp. These players are adopting strategies that enable to expand their market share and gain a competitive advantage over their competitors. For instance, in February 2017, Kyocera Group launched lead-free piezoelectric elements and high voltage-resistant alumina ceramics. The Pb-free piezoelectric elements provide an operating facility in a wide temperature range and significantly smaller hysteresis to control displacement. 

Research Methodology

The market study of the Asia-Pacific piezoelectric devices market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Asia-Pacific Piezoelectric Devices Market Research and Analysis by Application
2. Asia-Pacific Piezoelectric Devices Market Research and Analysis by Material
3. Asia-Pacific Piezoelectric Devices Market Research and Analysis by Product

The Report covers:

• Comprehensive research methodology of the Asia-Pacific piezoelectric devices market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regulations and other government policies impacting the Asia-Pacific piezoelectric devices market.
• Insights about market determinants which are stimulating the Asia-Pacific piezoelectric devices market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.