Global Ultrasonic Sensor Market size is projected to be valued $1,835 Million by 2025; with a CAGR of 17.6% from 2017 to 2025. An ultrasonic sensor is a device that uses sound waves with frequency higher than the human audible range to measure the distance to an object. They have the ability to detect any transparent objects as well as very complex shaped objects. Ultrasonic sensors follow three main physical principles such as the Doppler Effect, time of flight and the attenuation of sound waves. Ultrasonic sensors are widely used in various medical inspections owing to its ability of real time visualization.
Need for advanced features in vehicles and rise in demand from healthcare and pulp & paper industry are fueling the growth of the market. Moreover, increasing popularity of wearable medical devices and increasing need for automation across various industries is also boosting the growth of the market. However, ability to absorb sound by low-density materials and presence of other technologies may hinder the growth of the market. Furthermore, entry of new players to focus on emerging economies and increasing R&D for improve product offering would provide growth opportunities in the coming years.
The global ultrasonic sensor market is segmented based on the type, application, industry and geography. By type, it is segmented into ultrasonic through beam sensors, ultrasonic proximity sensors, ultrasonic reflective sensors and ultrasonic 2 point proximity switches. Application can be segmented into distance measurement, anti collision detection, liquid level measurement, object detection, pallet detection and others. Furthermore, industry is segmented into food & beverages, automotive, healthcare, aerospace & defense, oil & gas, chemicals, agriculture, pulp & paper, material handling, construction and others.
By geography, the ultrasonic sensor market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, France, Italy and others. Asia-Pacific covers China, South Korea, Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Key market players include Toshiba America Medical Systems, Inc., OMRON Corporation, Murata Manufacturing Co., Ltd., Honeywell International Inc., Rockwell Automation, Inc., GE Healthcare, Ltd., Branson Ultrasonic Corp., APC International Ltd., Siemens Ag, and Pepperl+Fuchs GmbH.
The report covers
Scope of the Global Ultrasonic Sensor Market
Industry Type Segments