North America is the leading region in the global piezoelectric devices market. The region is expected to grow at a CAGR of around 5.5% during the forecast period. Owing to the wide application area of piezoelectric device which includes, automotive industry, electric and electronic industry, aerospace, medical devices, IoT device, military equipment and other industries, the demand for piezoelectric devices is increasing in North America. The increase in the mobile phone subscription is estimated to increase the demand for piezoelectric devices in the region. Smartphones and tablet manufacturers are developing their strategies for manufacturing of the energy-efficient batteries. With recent developments in the mobile phone industry for efficient and compact batteries, the region is estimated to grow further with the increasing number of applications of piezoelectric devices in computers, laptops and other electronic devices.

The region is projected to mount up the need for piezoelectric devices in healthcare applications. Due to rapid growth in health-conscious population in North America, companies are bringing wearable devices in their product portfolio which as a result is projected to contribute a huge share in piezoelectric devices market. Application of piezoelectric devices is estimated to increase due to energy harvesting feature of the piezoelectric devices. Battery life remains a major concern in the smart gadgets operated by rechargeable batteries. Kinetic energy harvesting through these devices is poised to increase the share of piezoelectric devices.

Key players in the market include CTS Corp., CeramTec Holding GmbH, and Harris Corp. To survive in the market, the market players are adopting several strategies, such as product launches, geographical expansion, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in February 2019, CTS Corp. introduced piezoelectric curved shape components such as spheres, hemispheres, and curved plates. These shapes have intended to be used in the ultrasonic medical transducers and ultrasonic water devices.

Research Methodology

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

The Report covers:

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