Healthcare Industry to Keep the Cash registers Ringing for Piezoelectric Motors Market

As per a report available on XploreMR, the global piezoelectric motors market is expected to substantiate in the years to come.

Cost-effectiveness and reliability – these are the two factors driving the piezoelectric motors market. These motors were looked upon as a technological marvel once upon a time. They entering into mainstream has certainly opened up new avenues for the manufacturing vertical. Piezoelectric motors stand out from their counterparts by working on piezoceramics’ solid-state piezo mechanical deformation effect.

The phone cameras are the major application area of piezoelectric motors. This could be attributed to growing demand for low-cost and high volume autofocus assemblies. Plus, there is a growing need for ultra-small scale motion devices along with the manufacturing inspection equipment in conjunction with budget-friendly ink printing cartridges. The healthcare industry is also looked upon as a greener pasture as the precision involved in piezoelectric motors helps in capturing the images of cross-sections of body parts better. The factors rendering precision include resolution, dynamics, vacuum compatibility, and reliability. The other advantages constitute high speed and elimination of need to reduce gear.

How about the other Verticals on the Radar?

Semiconductors and microelectronics, telecommunication, optics, photonics, biology, and metrology are the other verticals wherein piezoelectric motors have made inroads. The application areas include generation of shockwave, active damping, fiber tool alignment, vibration cancellation, manipulation of genes, alignment of machine tools, active damping, alignment of wafer mask, image stabilization.

Apart from camera phones, micro-surgery tools, HVAC control system, robots, nanometrology, optics, photonics, precision mechanics are the technological advancements are encompassing piezoelectric motors.

Moreover, till date, it was electromagnetic motors doing the rounds. Ultrasonic motors are replacing them in the current scenario. The basic advantage of ultrasonic motors over electromagnetic motors is that low rotational speed, high torque, high stall torque mark ratio.

The textile industry is also exploring the piezoelectric motors to have distinguished impact on the end-product. Braille reading devices are also going for piezoelectric motors.

Covid-19 Impact

The Covid-19 pandemic has stalled the manufacturing industry by and large. This has resulted in the piezoelectric motors taking a backseat. Though the scenario is expected to last only for the time being (say – end of 2020), the recovery won’t start at the speed it had pre-Covid-19 era. The market will certainly bounce back, more on the healthcare front, as it is the main area of focus as of now.

Regional Analysis

The global piezoelectric motors market constitutes North America (Canada, US), Eastern Europe (Russia and Poland), Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), Asia-Pacific (New Zealand, Australia, ASEAN, Japan, India, China), MEA (North Africa, Southern Africa, GCC), and Latin America (Chile, Peru, Brazil, Mexico, and others).

North America holds the maximum market share and the status quo is expected to remain unchanged going forward as well. This could be reasoned with the US and Canada being quick to adopt the technological upgradations (especially the healthcare sector). Europe will witness linear growth rate from 2021 as it will take time to come out of the topsy-turvy situation faced by the manufacturing sector. As far as Asia-Pacific is concerned, the situation could be a damp squib, as momentum is yet to build up. In other words, piezoelectric motors need to be accepted over here.

Competitive Landscape

The key players in the piezoelectric motors market include Seiko Instruments Inc., Samsung ElectroMechanics Co Ltd., Nanomotion Ltd, Heason Technology Ltd., Austriamicrosystems Inc., Advanced Cerametrics Inc., Ceratec Inc., Prior Scientific Ltd., Mad City Labs, Inc., and Morgan Electroceramics Ltd.