According to the recent study the active piezo buzzer market is projected to reach an estimated $2.2 billion by 2028 from $1.7 billion in 2023, at a CAGR of 5.9% from 2023 to 2028. Growth in this market is primarily driven by growing popularity of miniaturization of electronic device and increasing adoption of internet of things and connected device across the globe.
A more than 150–page
report is developed to understand trends, opportunities and forecast in active
piezo buzzer market by product type (small size, medium size, and large size),
application (automotive electronics, home appliances, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
“Small size market is expected to remain the largest segment
during the forecast period.”
Based on product type,
the active piezo buzzer market is segmented into small size, medium size, and
large size. Lucintel forecasts that the small size market is expected to remain
the largest segment due to its increasing usage in security system, medical
equipment, and automotive electronic applications.
“Within the active piezo buzzer market, the automotive electronics
segment is expected to remain the largest application.”
Based on application the
automotive electronics segment is expected to witness the highest growth over
the forecast period due to the considerable use of these buzzers in automobile
audio and infotainment systems and high demand for vehicles with incorporated
enhanced safety features.
“Asia pacific will dominate the active piezo buzzer market in near
future.”
APAC is expected to
witness highest growth over the forecast period due to the supporting
investments by market leaders in the production of high-quality products at
affordable prices and huge demand for these buzzers from various end use
industries, such as consumer electronics and automotive electronics in China
and India.
Major players of active
piezo buzzer market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Murata, TDK, Kingstate
Electronics, Db Products, and Cui are among the major active piezo buzzer
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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