This paper presents the analysis fur the radial vibration characteristics of cylindrical piezoelectric transducers. Taking into account the piezoelectric anisotropy, the differential equations of piezoelectric radial motion have been derived in terms of radial displacement and electric potential. Applying mechanical and electric boundary conditions has yielded a characteristic equation for radial vibration. Numerical analysis also has been carried out by using the finite element method. Theoretical calculations of the fundamental natural frequency have been compared with the experimental observations for transducers of several sizes. Comparison with the previous report of theoretical analysis simplifying the piezoelectric anisotropy into isotropy concludes that isotropic analysis is a reasonable process to predict the vibration characteristics of piezoelectric transducers.