Ultrasonic Sensors Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026, Segmented By Type (Retro-Reflective Sensors, Proximity Sensors, 2 Point Proximity Switches, Through beam Sensors), By Application (Liquid Level Detection, Distance Measurement, Object Detection, Loop Control, Diameter Measurement), By Industry verticals (Food & Beverage, Medical, Aut
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUltrasonic Sensors Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026, Segmented By Type (Retro-Reflective Sensors, Proximity Sensors, 2 Point Proximity Switches, Through beam Sensors), By Application (Liquid Level Detection, Distance Measurement, Object Detection, Loop Control, Diameter Measurement), By Industry verticals (Food & Beverage, Medical, Aut
Global ultrasonic sensors market is expected to reach USD4771.09 million by 2026, growing at a CAGR of 4.79% owing to the rising demand from the automobile sector. The increasing healthcare industry is also catalyzing the demand for ultrasonic sensors due to its applications in various procedures such as ultrasound, sonography and renal denervation. The increasing urbanization, increased motor vehicle production, rising demand for vehicle electrification is also driving the demand for ultrasonic sensors.
Automotive Sector Demands Driving Market Growth
In recent years, there has been a significant increase in the demand for ultrasonic sensors. The electrification of vehicles has increased the usage opportunities of ultrasonic sensors in the automotive sector. The potential use of ultrasonic sensors in driverless cars for features such as collision detection, parking assistance, etc., is expected to drive the demand for ultrasonic sensors in the automotive sector. Many automotive companies are investing in new technologies used in automatic car services. Moreover, they are also launching self-driving car services around the world that are capable of self-detecting objects and preventing collision due to the presence of ultrasonic sensors in the vehicle mechanism. The automobile giants are aiming at the development of ultrasonic sensors for the Advanced Driver Assistance System (ADAS), which is expected to further stimulate the growth of the market. The usage of advanced technology in the automotive sector is further expected to increase the demand for ultrasonic sensors in the automotive sector. For instance, ultrasonic sensor data is used by parking applications to detect open parking spaces. To detect situations around the vehicle, Avs (Autonomous Vehicles) use ultrasonic sensor data. Additionally, V2X (Vehicle to Everything) devices use ultrasonic sensor data to determine the location of the vehicle in relation to other devices and pedestrians, as well as to send road hazard warnings.
Increasing Demand from Healthcare Sector Supports Market Growth
The demand for ultrasonic sensors has been increasing in the healthcare sector. The demand for ultrasonic sensors primarily arises from procedures such as ultrasonography and ultrasonic scanning. Ultrasonic waves produced from ultrasonic transmitters are used in ultrasonic scanning to develop images of internal organs and tissues. Additionally, the growing use of Ultrasonic Surgical Instruments (USI) that are fitted with ultrasonic sensors is expected to act as a catalyst for the global ultrasonic sensors market in the forecast period. Ultrasonic sensors are used in numerous other medical examinations such as echocardiograms and echo graphs which is expected to push the growth of the ultrasonic sensors market across the globe. These sensors are used for various medical technology. For instance, they use automatic fluid intake to assess flow rates, monitor fluid levels in drip chambers, detect air bubbles in tubes or measurement chambers, and detect even the tiniest amounts of blood in dialysates. Also, these sensors assure the best hygienic requirements and save you from contamination. Moreover, advanced acoustic/ultrasonic biomedical sensors and IoT-based systems & devices are used for healthcare applications, with the most important emphasis on tele—fitness programs. The newly evolved diagnostic and healing gadgets use RFID (Radio Frequency Identification) chips, nanoscale or sensor-enabled radio technology and/or sensor networks. These might be beneficial for fixing the hassle of unexplored diseases, in addition to for controlling of the great of medicines, drugs, gadgets and physiological occasion tracking structures. WSN (Wireless Sensor Networking) is desired for use right here with the sensing gadgets for far-off applications. The demand for automatic driverless vehicles will increase over time and therefore driving the demand for ultrasonic sensors in the automotive sector.
Increasing Popularity of Ultrasonic Sensors in Different Sectors' Market Growth
Ultrasonic sensors are finding applications in various sectors such as oil and gas, food and beverage, and water and wastewater infrastructure for continuous level monitoring. In the Oil & Gas sector, ultrasonic sensors are used to monitor and measure downstream processing plants and storage units. Also, the increasing shale gas exploration activities in different countries across the world will open several new opportunities for ultrasonic sensors in the oil & gas sector. Ultrasonic sensors find level monitoring applications in sewage treatment plants, food & beverage packaging, etc., which is expected to sustain the growth of the global ultrasonic sensors market. With the improvement of the oil restoration era, ultrasonic sensors have been widely used in oil manufacturing and oilfield improvement. The mechanism of ultrasonic wave plugging in close to oil well isn't the same as the traditional oil restoration era. The ultrasonic oil manufacturing approach is a powerful technique to improve oil manufacturing with low cost, top applicability, and no environmental pollution. The center part of the ultrasonic oil manufacturing device for Enhanced Oil Recovery is a high-strength ultrasonic sensor. The non-stop high-strength ultrasound is used to deal with the reservoir, which modifies the pore structure, the physical characteristics and the state of the fluid, and therefore improving the permeability and flows situations of the reservoir and growing the oil yield and oil restoration. The use of ultrasonic sensors will grow at a faster pace in the oil & gas sector in the coming years.
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Market Segmentation
The global ultrasonic sensors market is segmented on the basis of type, application, industry verticals, and regional distribution. Based on type, the market is further fragmented into Retro-Reflective Sensors, Proximity Sensors, 2 Point Proximity Switches and Through beam Sensors. On the basis of application, the market is segmented into Liquid Level Detection, Distance Measurement, Object Detection, Loop Control & Diameter Measurement. Also, segmentation of the market on the grounds of industry verticals is done into Food & Beverage, Medical, Automotive, Oil & Gas, Industrial & Others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific region, North American region, European region, South American region, and Middle East & African region. In terms of country, the United States ultrasonic sensor market is expected to grow at a CAGR of 3.88% in the forecast period owing to the increasing demand from the automobile industry.
Company Profiles
Siemens AG, Honeywell, Pepperl+Fuchs SE, Balluff Inc, Murata Manufacturing Co. Ltd, Baumer Ltd., Turck, Inc., OMRON Corporation, Rockwell Automation, Inc., TDX corporation, Banner engineering, TE Connectivity, Texas Instruments, etc. are among the major market players in the global platform that lead the market growth of the global ultrasonic sensors market.
| Attribute | Details |
| Market size value in 2020 | USD3611.22 Million |
| Revenue Forecast in 2026 | USD4771.09 Million |
| Market Size of United States in 2020 | USD704.13 Million |
| Growth Rate | 4.8% |
| Base Year | 2020 |
| Historical Years | 2016 – 2019 |
| Estimated Year | 2021 |
| Forecast Period | 2022 – 2026 |
| Quantitative Units | Revenue in USD Million and CAGR for 2016-2020 and 2021-2026 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type · Application · Industry Verticals |
| Regional Scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country Scope | United States; Mexico; Canada; China; India; Japan; South Korea; Australia; Singapore; Germany; France; United Kingdom; Spain; Italy; Saudi Arabia; UAE; South Africa; Brazil; Argentina; Colombia |
| Key Companies Profiled | Siemens AG, Honeywell, Pepperl+Fuchs SE, Balluff Inc Murata Manufacturing Co. Ltd., Baumer Ltd., Turck, Inc., OMRON Corporation, Rockwell Automation, Inc., TDX corporation, Banner engineering, TE Connectivity, Texas Instruments |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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