Press Release

Global Piezo Buzzer Components Market Worth Around USD 445 Mn by 2025 | Robust CAGR 6.3%

Date : Apr 20, 2019

According to a new report published by Ameco Research, the global piezo buzzer components market is predicted to rise at a robust CAGR of 6.3% during the forecast period 2018-2025. Titled “Global Piezo Buzzer Components Market Professional Survey Report 2018,” the report mentions that the market reached a valuation of more than US$ 275 Mn in 2017, while at the end of 2025, the market is expected to attain the value of more than US$ 445 Mn.

The technology used in the global piezo buzzer components market has reached a maturity stage now. This is foretold to make it difficult for new entrants to overtake existing popular brands in the short term on the basis of design and reputation. The authors of the report recommend new enterprises to consider these factors carefully before entering the market.

Global Piezo Buzzer Components Market: Drivers

The demand for piezo buzzer components is dependent on the demand for piezo buzzer. Piezo buzzer is popular for its key characteristics such as higher sound pressure level, lower current consumption, and wide operating voltage.

Availability of piezo buzzers with a wide variety of sound outputs, frequencies, and sizes is foretold to augment the demand in the global market.

On the other hand, the introduction of new products is envisaged to improve the growth of the global market.

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Global Piezo Buzzer Components Market: Forecast by Application and Type

On the basis of application, the global piezo buzzer components market sees a classification into timer, toy, alarm, home appliances, automotive electronics, and others.

The global market is classified into two segments, i.e. passive and active as per type of product. Among these, active piezo buzzer components are expected to become a prominent segment in terms of adoption. They accounted for a 52.23% share of the global sales volume in 2017. In the same year, this segment touched a sales volume of close to 538.58 Mn Units.

Global Piezo Buzzer Components Market: Forecast by Region

The report covers different countries and regions deemed important for the growth of the global piezo buzzer components market: Taiwan, South Korea, Japan, China, the EU, and the U.S.

Most of the piezo buzzer components manufacturers are located in China. The country also exhibited the largest export quantity globally in 2017. In the same year, Japan took the second position in terms of sales volume.

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Global Piezo Buzzer Components Market: Competitive Analysis

The market share gap between leading companies is foreseen to enlarge owing to the implementation of different strategies. In 2017, Murata profited the most as it bagged a share of 37.77%. TDK and Kingstate Electronics secured the second and third positions in the same year on the basis of share. In 2016, the three companies accounted for 6.21% and 5.64% shares respectively.

Global Piezo Buzzer Components Market: Key Players

Apart from the companies mentioned earlier, the report profiles key manufacturers such as Kingwei Electronic Co., LTD, Soberton, Kepo Electronics, Hitpoint, Ariose, Hunston Electronics, Huayu Electronics, Sonitron, Cui Inc., and Db Products Limited.

Major Points from Table of Contents:

Global Piezo Buzzer Components Market Professional Survey Report 2018
1 Industry Overview of Piezo Buzzer Components
2 Manufacturing Cost Structure Analysis of Piezo Buzzer Components
3 Technical Data and Manufacturing Plants Analysis of Piezo Buzzer Components
4 Global Piezo Buzzer Components Overall Market Overview
5 Piezo Buzzer Components Regional Market Analysis
6 Global 2013-2018E Piezo Buzzer Components Segment Market Analysis (by Type)
7 Global 2013-2018E Piezo Buzzer Components Segment Market Analysis (by Application)
8 Major Manufacturers Analysis of Piezo Buzzer Components
9 Development Trend of Analysis of Piezo Buzzer Components Market
10 Piezo Buzzer Components Marketing Type Analysis
11 Consumers Analysis of Piezo Buzzer Components
12 Conclusion of the Global Piezo Buzzer Components Market Professional Survey Report 2017
Methodology
Analyst Introduction
Data Source

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