According to Fact.MR, linear piezoelectric motor market is growing at a significant rate and is projected to witness an absolute dollar opportunity of $108 million during the forecast period.
Additionally, the organization states that piezoelectric motors are preferred over electromagnetic motors, as piezoelectric motors offer various advantages such as high operability in vacuum environments suitable for aerospace, semiconductor & electronics sector. Piezoelectric motors have high power to volume ratio with nearly zero noise level and can achieve speeds up to 1 m/s with 50 nm (nanometers) of resolution, which makes them suitable for applications that requires higher operating force or torque in a small space.
Fact.MR says that North America is projected to be the most prominent market for piezoelectric motors and estimated to account for more than 25% of the global piezoelectric motor market throughout the forecast period.
The optics and photonics segment is anticipated to gather momentum due to increase in the application of piezoelectric motors in cameras, telescope and microscopes. The segment will witness an absolute dollar opportunity of $38 Mn between 2019 and 2029.
The report also finds that the piezoelectric motors have become a mainstream driving element in industrial and commercial applications. With continuous advancements in technology, the piezoelectric motor industry has bolstered new capabilities within the nano- and micro-positioning space.
Fact.MR, in its new offering, provides an analysis of the global piezoelectric motor market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study divulges insights on the piezoelectric motor market on the basis of product type (Standard LPM, Non-magnetic LPM, Vacuum LPM, Standard RPM, Non-magnetic RPM, and Vacuum RPM), where LPM and RPM stands for linear and rotary piezoelectric motors, end use industry (Micro Positioning Stages, Medical & Lab Automation Equipment, Automotive, Aerospace & Defense, Robotics & Factory Automation, Optics & Photonics, and Instrumentation), operating force/ torque (0-20 N, 20-150 N, 150 - 225 N, Above 225 N, Below 10 mNm, 10 - 25 mNm, Above 225 mNm), across seven regions.