Market Overview:
The global PMN-PT single crystal market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ultrasonic probes, non-destructive testing (NDT) probes, actuators and sensors, and others applications. Additionally, the growing demand for PMN-PT single crystals from emerging economies is also contributing to the growth of this market. However, factors such as high manufacturing cost and limited supply are restraining the growth of this market.
Product Definition:
A PMN-PT single crystal is a material that has unique physical and chemical properties due to its atomic structure. These crystals are used in a variety of applications including sensors, actuators, and other electronic devices.
Type A PMN-PT Single Crystal:
Type A PMN-PT single crystal is a new technology that has been developed recently. It is based on the principle of piezoelectricity applied in solid-state physics, which generates electrical energy from mechanical stress or deformation. Type A PMN-PT single crystal can be used as an alternative to silicon semiconductors for various electronic applications including power devices and solar cells.
Type B PMN-PT Single Crystal:
Type B PMN-PT single crystal is a special type of piezoelectric material that has hexagonal crystalline structure. It was firstly developed by the scientists at the Materials Research Laboratory (MRL) in Japan.
Application Insights:
The ultrasonic probes application segment accounted for the largest share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand from oil and gas sector for NDT purposes. Ultrasonic testing is used to check if an asset or material has any cracks or flaws, which requires inspection by other methods such as magnetic resonance imaging (MRI).
Non-destructive Testing (NDT) probes are used for industrial applications including metal cutting, drilling, grinding & crushing, machining and others that require examination of interior components of an object without disassembling it. Growing demand from automotive industry on account of rising safety concerns coupled with technological advancements in actuators and sensors is expected to drive market growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing government funding for research and development activities, rising demand for non-destructive testing (NDT) equipment, and growing focus on quality standards by regulatory bodies. Moreover, presence of major industry players is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid industrialization coupled with increasing infrastructure activities in emerging economies such as China and India. In addition, rising demand for NDT equipment from oil & gas sector due to stringent regulations by international agencies will propel market expansion over next eight years.
Growth Factors:
- Increasing demand for PMN-PT single crystals from the optoelectronics and telecommunications industries due to their superior optical properties.
- Growing popularity of PMN-PT single crystals in laser applications due to their high damage threshold and excellent thermal stability.
- Rising demand for PMN-PT single crystals from the semiconductor industry as they are used in fabricating advanced integrated circuits and microchips.
- Increasing use of PMN-PT single crystals in medical devices owing to their biocompatibility and nonlinear optical properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
PMN-PT Single Crystal Market Research Report
By Type
Type A PMN-PT Single Crystal, Type B PMN-PT Single Crystal
By Application
Ultrasonic Probes, Non-destructive Testing (NDT) Probes, Actuators and Sensors, Others
By Companies
CTS, Ceracomp Co., JFE Mineral, TRS Technologies, Sinoceramics, IBULE PHOTONICS, Innovia Materials (Shanghai), HF-Kejing, CTS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global PMN-PT Single Crystal Market Report Segments:
The global PMN-PT Single Crystal market is segmented on the basis of:
Types
Type A PMN-PT Single Crystal, Type B PMN-PT Single Crystal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ultrasonic Probes, Non-destructive Testing (NDT) Probes, Actuators and Sensors, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CTS
- Ceracomp Co.
- JFE Mineral
- TRS Technologies
- Sinoceramics
- IBULE PHOTONICS
- Innovia Materials (Shanghai)
- HF-Kejing
- CTS
Highlights of The PMN-PT Single Crystal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Type A PMN-PT Single Crystal
- Type B PMN-PT Single Crystal
- By Application:
- Ultrasonic Probes
- Non-destructive Testing (NDT) Probes
- Actuators and Sensors
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PMN-PT Single Crystal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PMN-PT Single Crystal is a type of single crystal material that has been specifically designed to be used in electronic devices and other high-tech applications. This material is made up of small, tightly packed crystals that are extremely resistant to damage and corrosion. This makes PMN-PT Single Crystal an ideal choice for use in devices that are subjected to harsh environments or regular use.
Some of the key players operating in the pmn-pt single crystal market are CTS, Ceracomp Co., JFE Mineral, TRS Technologies, Sinoceramics, IBULE PHOTONICS, Innovia Materials (Shanghai), HF-Kejing, CTS.
The pmn-pt single crystal market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PMN-PT Single Crystal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PMN-PT Single Crystal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PMN-PT Single Crystal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PMN-PT Single Crystal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PMN-PT Single Crystal Market Size & Forecast, 2020-2028
4.5.1 PMN-PT Single Crystal Market Size and Y-o-Y Growth
4.5.2 PMN-PT Single Crystal Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Type A PMN-PT Single Crystal
5.2.2 Type B PMN-PT Single Crystal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Ultrasonic Probes
6.2.2 Non-destructive Testing (NDT) Probes
6.2.3 Actuators and Sensors
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PMN-PT Single Crystal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PMN-PT Single Crystal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Type A PMN-PT Single Crystal
9.6.2 Type B PMN-PT Single Crystal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Ultrasonic Probes
9.10.2 Non-destructive Testing (NDT) Probes
9.10.3 Actuators and Sensors
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Type A PMN-PT Single Crystal
10.6.2 Type B PMN-PT Single Crystal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Ultrasonic Probes
10.10.2 Non-destructive Testing (NDT) Probes
10.10.3 Actuators and Sensors
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Type A PMN-PT Single Crystal
11.6.2 Type B PMN-PT Single Crystal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Ultrasonic Probes
11.10.2 Non-destructive Testing (NDT) Probes
11.10.3 Actuators and Sensors
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Type A PMN-PT Single Crystal
12.6.2 Type B PMN-PT Single Crystal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Ultrasonic Probes
12.10.2 Non-destructive Testing (NDT) Probes
12.10.3 Actuators and Sensors
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Type A PMN-PT Single Crystal
13.6.2 Type B PMN-PT Single Crystal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Ultrasonic Probes
13.10.2 Non-destructive Testing (NDT) Probes
13.10.3 Actuators and Sensors
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PMN-PT Single Crystal Market: Competitive Dashboard
14.2 Global PMN-PT Single Crystal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CTS
14.3.2 Ceracomp Co.
14.3.3 JFE Mineral
14.3.4 TRS Technologies
14.3.5 Sinoceramics
14.3.6 IBULE PHOTONICS
14.3.7 Innovia Materials (Shanghai)
14.3.8 HF-Kejing
14.3.9 CTS
