Industry Overview:

The latest report by IMARC Group, titled “Ultrasonic Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the ultrasonic sensor market size. The report also includes competitor and regional analysis, and contemporary advancements in the market.  The global ultrasonic sensors market size reached US$ 5,408 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 9,425 Million by 2028, exhibiting a growth rate (CAGR) of 9.1% during 2023-2028.

Ultrasonic sensors refer to devices that are generally used for measuring the distance of a targeted receding or approaching object. They are based on the principle of sound reflection and utilize ultrasonic waves that convert the emitted sound into an electrical signal. They are usually equipped with a transmitter that releases sound using piezoelectric crystals as well as a receiver that encounters the transmitted sound. As a result, they are extensively used for numerous applications across the healthcare, automotive, defense and aerospace industries. In comparison to infrared sensors, they are not affected by hindering factors, such as dust, smoke, light, vapor, mist and lint.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Growth:

The global market is primarily driven by the rising product demand in the healthcare industry. Coupled with significant growth in the healthcare infrastructure, this has propelled the market demand. This is also supported by the increasing deployment of ultrasonic sensors for determining tumors, producing images of internal organs and monitoring fetus health. Along with this, the rising manufacturing of vehicles with advanced features, including anti-collision safety systems and self-parking technology, has positively influenced the product sales. Moreover, the escalating utilization of ultrasonic sensors for hygiene detection across the food and beverage industry is driving the market growth.

Additionally, the widespread adoption of the product in manufacturing technology, material handling and robotic obstacle detection systems are providing an impetus to the market. Other factors, including continuous product innovations, the widespread integration of advanced technologies with the production processes, the escalating demand for liquid level detection systems in the oil and gas industry and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

• Balluff Gmbh
• Banner Engineering Corp.
• Baumer Holding AG
• Blatek Industries Inc.
• Keyence Corporation
• Murata Manufacturing Co. Ltd
• Omron Corporation
• Pepperl+Fuchs SE
• Qualcomm Incorporated
• Robert Bosch GmbH
• Rockwell Automation Inc.
• Sick Holding Gmbh
• TDK Corporation

Key Market Segmentation:

Technology:

• Retro-reflective Sensors
• Through-beam Sensors
• Others

 Type:

• Level Measurement
• Distance Measurement
• Obstacle Detection
• Others

 End User:

• Consumer Electronics
• Automotive
• Aerospace and Defense
• Healthcare
• Food and Beverages
• Industrial
• Others

Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Report Coverage: