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.

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). 

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). 

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 April 2017, CeramTec Holding GmbH acquired UK electro-ceramics business segment of the Morgan Advanced Materials Plc to enter into piezoelectric product segment.

Research Methodology

The market study of the European 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. European Piezoelectric Devices Market Research and Analysis by Application
2. European Piezoelectric Devices Market Research and Analysis by Material
3. European Piezoelectric Devices Market Research and Analysis by Product

The Report covers:

• Comprehensive research methodology of the European 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 European piezoelectric devices market.
• Insights about market determinants which are stimulating the European piezoelectric devices market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.