Global Electro Active Polymers Market to reach USD 7.31 Bn in 2026

The rising importance of piezoelectric devices is primarily escalating the growth of the global electro active polymers market

The global electro active polymers market was valued at USD 4.12 billion in 2018 and is expected to reach USD 7.31 billion in 2026, growing at a CAGR of 7.6% during the forecast period.

Piezoelectric materials are those materials that are incorporated into a vehicle for a variety of functions. The various devices used in a vehicle are actuators, injectors, and sensors controlling, adjusting and sensing a wide range of systems. This system allows precise, reliable control with repeatability and accuracy even for billions of cycles. The technology allows varied advantages for automotive applications such as performance, fuel economy, and safety, in the vehicle where failure could lead to major problems. In a vehicle the major piezoelectric devices used are airbag sensor, airflow sensor, audible alarms, fuel atomizer, keyless door entry, seat belt buzzers, knock sensors, power generation in tires and so on. Piezoelectric sensors find various applications for the measurement of various processes. The sensors are used for quality assurance, process control, in the machinery & equipment and for research and development purposes. The sensors are successful in many applications including medical, aerospace, nuclear instrumentation, automotive. They are also finding a new application such as mobile phones, wearables and so on.

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The piezoelectric sensor has various advantages for dynamic and quasi-static measurements. Dynamic force measurement is used in load investigations for automotive components. The life of a piezoelectric sensor is long-lasting. The sensor produces a linear charge signal at the output, proportional to the acting force and due to this, they can be used for multiple measuring ranges. Additionally, piezoelectric sensors have overload protection features. The sensors react to force sensors and not to strain hence virtually no displacement occurs during the measurement. The pressure resistance of most of the sensors is 3.0 x 10^8 Pa and hence heavy overloading is possible. There are no zero-point offsets, fatigue, and linearity changes in a piezoelectric sensor. Some other advantages of the piezoelectric sensor technology are high output voltages (5 or 10 V) and wide temperature range -73 to 204oC. They require minimum space and thus the added mass and load are negligible.

Key Findings:

• Based on the type, the inherently conductive polymers segment is expected to grow at the highest growth rate, at a CAGR of 8.7%, during the forecast period.
• Based on the application, the actuators segment accounted for around 31% share in the global electro active polymers market in 2018.
• Asia Pacific is projected to witness the fastest growth rate, at a CAGR of 9.2%, in the global electro active polymers market during the forecast period.

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