Middle East & Africa Piezoelectric Materials Market Size & Outlook
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MEA piezoelectric materials market highlights
- The MEA piezoelectric materials market generated a revenue of USD 40.6 million in 2022.
- The market is expected to grow at a CAGR of 4.7% from 2023 to 2030.
- In terms of segment, ceramics was the largest revenue generating product in 2022.
- Composites is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 40.6 million |
| Market revenue in 2030 | USD 58.4 million |
| Growth rate | 4.7% (CAGR from 2022 to 2030) |
| Largest segment | Ceramics |
| Fastest growing segment | Composites |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramics, Polymers, Composites |
| Key market players worldwide | L3Harris Technologies Inc, CTS Corp, Albemarle Corp, PI Ceramic, APC International, Piezosystem Jena, Sparkler Ceramics, Noliac Systems SRO, Mad City Labs |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.9% of the global piezoelectric materials market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 909.3 million by 2030.
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Piezoelectric Materials Market Scope
Piezoelectric Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mad City Labs | View profile | 1-10 | Madison, Wisconsin, United States, North America | http://www.madcitylabs.com |
| Noliac Systems SRO | View profile | 1-10 | Kvistgaard, Hovedstaden, Denmark, Europe | http://www.noliac.com |
| Sparkler Ceramics | View profile | 11-50 | Pune, Maharashtra, India, Asia | https://sparklerceramics.com |
| Piezosystem Jena | View profile | 101-250 | Jena, Thuringen, Germany, Europe | https://www.piezosystem.com/ |
| APC International | View profile | 11-50 | Mackeyville, Pennsylvania, United States, North America | https://www.americanpiezo.com/ |
| PI Ceramic | View profile | 11-50 | Lederhose, Thuringen, Germany, Europe | http://www.piceramic.com/ |
| CTS Corp | View profile | 4081 | 4925 Indiana Avenue, Lisle, IL, United States, 60532 | https://www.ctscorp.com |
| Albemarle Corp | View profile | 9000 | 4250 Congress Street, Suite 900, Charlotte, NC, United States, 28209 | https://www.albemarle.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
Middle East & Africa piezoelectric materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to piezoelectric materials market will help companies and investors design strategic landscapes.
Ceramics was the largest segment with a revenue share of 66.75% in 2022. Horizon Databook has segmented the Middle East & Africa piezoelectric materials market based on ceramics, polymers, composites covering the revenue growth of each sub-segment from 2018 to 2030.
Automobile production in the Middle East & Africa is surging owing to increasing demand for passenger cars primarily in emerging economies such as the UAE, Saudi Arabia, South Africa, and Egypt.
However, the slow growth faced by the automotive industry in African countries on account of the economic slowdown in countries such as Nigeria might hamper the growth rate of piezoelectric materials over the next few years.
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Our clientele includes a mix of piezoelectric materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa piezoelectric materials market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa piezoelectric materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Piezoelectric Materials Market Outlook Share, 2022 & 2030 (US$M)
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