Piezoceramic Plates Market to Grow at 6.8% CAGR to Reach $3.9 Billion by 2032, Driven by Electronics Applications and Asia-Pacific Demand
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The global piezoceramic plates market was valued at $2 billion in 2022 and is projected to reach $3.9 billion by 2032, growing at a CAGR of 6.8%.
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Key drivers include high piezoelectric activity, ease of fabrication, rising demand for piezoelectric devices, and adoption in consumer electronics.
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The above 10 mm segment held the highest market share in 2022 and is estimated to maintain leadership through 2032.
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Asia-Pacific held the highest market share in 2022, accounting for nearly half of market revenue, and is expected to witness the fastest growth rate.
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Key players are focused on product development and launches to increase market share; the report analyzes strategic moves of leading companies including Annon Piezo, APC International, and CTS Corporation.