Ultrasonic sensors are used to detect, measure, and monitor distance in non-contact measurement applications across varied industries such as industrial manufacturing, healthcare, oil & gas, and automotive. Ultrasonic sensors help identify obstacles, measure thickness and gaps, position objects and monitor processes. Their non-contact sensing capability makes them ideal for applications where contact is not desired or not possible. With increasing factory automation and rising demand for non-contact sensing, the adoption of ultrasonic sensors is growing significantly.
The global Ultrasonic Sensors Market is estimated to be valued at US$ 5968.93 Mn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The increasing adoption of Industry 4.0 and factory automation strategies across industries has fueled the demand for ultrasonic sensors significantly. Ultrasonic sensors help factories achieve centralized monitoring of production processes through non-contact sensing and facilitate efficiency. They allow real-time data collection from machines on the production floor which helps optimize processes. The ability of ultrasonic sensors to accurately monitor processes without any contact or risk of contamination makes them ideal for automated production environments. This is a key factor driving the growth of ultrasonic sensors market. Implementation of ultrasonic sensors in robotic applications for obstacle detection, distance measurement and anti-collision functions has also augmented the market expansion.
Segment Analysis
The global ultrasonic sensors market is segmented by product type, technology, application and geography. By product type, the market is classified into proximity sensors, reflex sensors and through-beam sensors. Proximity sensors are expected to dominate the market during the forecast period. Proximity sensors account for more than 60% of market share owing to their extensive usage in industrial automation applications for presence detection, object location and distance measurements.
Key Takeaways
The global Ultrasonic Sensors Market Demand is expected to witness high growth during the forecast period of 2023-2030. The market size is projected to reach US$ 9968.93 Mn by 2030, registering a CAGR of 9.8% during the forecast period.
Regional Analysis
Asia Pacific region is projected to dominate the ultrasonic sensors market during the forecast period. Rapid industrialization and growth of the automotive industry in countries like China and India are driving the demand for ultrasonic sensors in the region. Technological advancements and declining sensor prices are increasing the adoption of ultrasonic sensors across various industrial applications in the region. Key players are expanding their production capacities to cater to the growing demand from Asia Pacific countries.
Key Players
Key players operating in the ultrasonic sensors market are Keyence Corporation, Pepperl+Fuchs, Honeywell International Inc., Baumer Ltd., Rockwell Automation, Murata Manufacturing Co. Ltd., Omron Corporation, Sick AG, Banner Engineering, Baluff Inc., Robert Bosch GmbH.
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COVID-19 Impact Analysis on Ultrasonic Sensors Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the ultrasonic sensors market include Balluff Inc., Banner Engineering Corp., Baumer, Hans Turck GmbH & Co. KG, Ifm electronic GmbH, Murata Manufacturing Co., Ltd., Omron Corporation, Pepperl+Fuchs GmbH, SICK AG, and Siemens.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Ultrasonic Sensors Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/ultrasonic-sensors-market/download-sampleMarket DynamicsThe key factors driving ultrasonic sensor market are increasing implementation of industrial automation, increasing application of ultrasonic waves in the healthcare industry and considerable amount of investment for sensors in the agricultural industry.
Furthermore, extensive use of ultrasonic devices in the automotive industry is expected to boost demand for ultrasonic sensors, for instance, safety alarms, parking assistance, automatic brake system, and collision avoidance.
However, lower accuracy in comparison to other available optical sensors and lack of manufacturing expertise will restrain ultrasonic sensor market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
Ultrasonic sensors are used to improve the operational efficiency and provide additional safety in manufacturing facilities.
This is one of the major factors fueling the demand for ultrasonic sensors globally.The need for demand of automation and focus on improvement of production efficiency has increased across industries such as automotive, chemical, construction, and food and beverages among others.
Moreover, increasing demand for advanced features such as automatic steering controls, park assist system, blind spot detection and adaptive cruise control is also expected to have a positive impact on the demand for ultrasonic sensors globally.Request For Report Sample:https://www.trendsmarketresearch.com/report/sample/3573 The rising concern for driver safety has ensured the integration of antilock braking systems (ABS) in most of the vehicles.
In addition, the emerging concept of wearable medical devices is also aiding to the growth of the market.
These factors are driving the growth for the market during the forecast period.By types, the market is divided into ultrasonic proximity sensors, ultrasonic retro-reflective sensor, ultrasonic through beam sensor, ultrasonic 2 point proximity switches.
By industry the market is categorized into automotive, power and gas & oil, chemical, agriculture, construction, pulp and paper, material handling, food and beverage, medical and healthcare and aerospace and defense among others.
