Piezoelectric sensors are the devices that work on the principle of the piezoelectric effect. These devices have the capacity to assess pressure change, temperature variations, and deviation in force, acceleration. The global piezoelectric sensors market is surging at a significant rate owing to their application in various industry verticals. Due to the varying consumer for fast, reliable, and strong miniaturized products, piezoelectric sensors exhibit higher penetration in the consumer electronics industry. Piezoelectric sensors are also being extensively used in aerospace, automotive, and defense sector as they have the ability to function properly even under an electromagnetic field.

The automotive sector is one of the major consumer segments that significantly use piezoelectric sensors for various applications. Piezoelectric sensors are extensively used in an automobile as seat belt buzzers airbag sensor, air flow sensor, knock sensors, and tire pressure sensors. Growing automotive industry across the globe is positively impacting the market growth in recent years. As per International Organization of Motor Vehicle Manufacturers (OICA), in 2016, the total production of vehicles was 4.9% more than that of 2015, and in 2017 it was valued about 2.1% more as compared with production statistics of 2016. With growing automobile productions yearly across the globe, the demand for piezoelectric sensors is likely to get increased.

Market players operating in the global piezoelectric sensors market are focusing on various strategies in order to remain competitive in the market. Strategies such as mergers & acquisitions, partnerships & collaborations, product launch, geographical expansion among others are majorly adopted by the market players. Large market players acquire smaller players to merge both their technologies and production capacities, to have a strong foothold in the market. Additionally, in order to cope up with the on-going technological advancements in a similar industry, the market players are also focusing on their R&D activities. Key players in the global piezoelectric sensors market are Harris Corp., APC International Ltd., CTS Corp., and Piezocryst Advanced Sensorics GmbH.

Research Methodology:

The market study of the global piezoelectric sensors market is incorporated by extensive primary and secondary research conducted by a research team at OMR.  Secondary research has been conducted to refine the available data to break down 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 macroeconomic 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 the authenticity of 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 is intended for original equipment manufacturers (OEMs), third-party service providers, investment companies, government organizations, raw material suppliers for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• Global Piezoelectric Sensors Market Research and Analysis by Type
• Global Piezoelectric Sensors Market Research and Analysis by Application

The Report Covers:

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