Ultrasonic Sensors Market - Global Industry Analysis

Ultrasonic Sensors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-5958 Status : Upcoming

Description

Global Ultrasonic Sensors Market: Overview

The ultrasonic sensor is a device that measures the accurate distance between two stationary and moving objects with the help of ultrasonic waves. The distance is measured by emitting an ultrasonic wave from the reflected source and the sensor transmitter to calculate the input.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Ultrasonic Sensors Market: Growth Factors

One of the major factors fueling the growth of the global ultrasonic sensors market is the increasing adoption of ultrasonic sensors for distance measurements, pallet detection, object detection, and many more among the different sectors. The sensors are efficient in fulfilling the requirement from different areas like hygiene detection, material handling & processing, and much more particularly in the food and beverage sector. Moreover, there is a growing demand for these sensors in the medical sector too for echocardiograms, echo graphs, and many others. Such sensors utilize high frequency and produce shorter wavelengths that can be conveniently translated into an image of higher resolutions. They are also adopted in healthcare applications like radiography. There is a growing demand for parking assistance and collision detection in the market. The manufacturing sector is adopting these sectors widely in their applications like unmanned aerial vehicles, inventory control systems, precision robotics, and many more. Moreover, the increasing investment by the major market players to develop more innovative sensors to facilitate enhanced precision is further boosting the growth of the global ultrasonic sensors market. The size miniaturization and high penetration of MEMS technology in such sensors have boosted their potential and demand in the different sectors across the globe.

Global Ultrasonic Sensors Market: Segmentation

The global ultrasonic sensors market can be segmented into end-use, type, technology, and region.

By end-use, the market can be segmented into industrial, healthcare, aerospace & defense, automotive, consumer electronics, and others. The automotive segment dominates the global ultrasonic sensors market. These sensors are widely used in applications like collision avoidance and parking assistance systems.

By type, the market can be segmented into obstacle detection, distance measurement, level measurement, and others. The obstacle detection segment holds the largest share in the global ultrasonic sensors market due to the growing adoption of these sensors in collision avoidance systems. Moreover, the stringent rules and regulations of the governments regarding the installation of vehicle safety features like airbags and collision avoidance systems have further propelled the growth of the segment.

By technology, the market can be segmented into through-beam sensors, retro-reflective sensors, and others. The retro-reflective sensor segment accounts for the largest share in the global ultrasonic sensors market due to its added advantage like reliability in the effective detection of transparent objects, lower installation, and maintenance costs. These sensors facilitate simple optical axis wiring and adjustment for easy deployments. The increasing adoption of throttle control and accurate positioning measurement of vehicles will fuel the growth of the segment.

Global Ultrasonic Sensors Market: Regional analysis

Europe accounts for the largest share in the global ultrasonic sensors market due to the growing need for minimally invasive surgeries in the region. These sensors facilitate the surgeon to operate the patients with high precisions. The region is known as the hubspot for the video game networks and thus created lucrative growth opportunities in the market which in turn further fuels the growth of the regional market.

Asia Pacific is expected to witness huge growth during the forecast period due to the growing demand for factory automation in the region.

Global Ultrasonic Sensors Market: Competitive Players

Some of the significant players in the global ultrasonic sensors market are Siemens, Pepperl+Fuchs GmbH, Murata Manufacturing Co., Ltd., IFM Electronic GmbH, Baumer, Banner Engineering Corp., Keyence Corporation, Blatek Inc, Omron Corporation, Crest Ultrasonic, Rockwell Automation, Siemens AG, Baumer Ltd, Balluff GmbH, Honeywell International, Optical Scientific, Inc, Nex Flow Air Products Corp, Simtech Process Systems, Jamieson Equipment Co., Inc, SICK AG, Addison Electric, Inc., Endress+Hauser, TE Connectivity Ltd, BeStar Technologies, Inc, IFM Efector, Inc, Hans Turck GmbH & Co. KG, Judd Communication, Hexamite LTD, and Megatron Corporation.

Global Ultrasonic Sensors Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

One of the major factors fueling the growth of the global ultrasonic sensors market is the increasing adoption of ultrasonic sensors for distance measurements, pallet detection, object detection, and many more among the different sectors. The sensors are efficient in fulfilling the requirement from different areas like hygiene detection, material handling & processing, and much more particularly in the food and beverage sector.

Some of the significant players in the global ultrasonic sensors market are Siemens, Pepperl+Fuchs GmbH, Murata Manufacturing Co., Ltd., IFM Electronic GmbH, Baumer, and Banner Engineering Corp.

 

Europe accounts for the largest share in the global ultrasonic sensors market due to the growing need for minimally invasive surgeries in the region. These sensors facilitate the surgeon to operate the patients with high precisions.

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