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Pulished Date August, 2021
ID: 9973
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Ultrasonic Sensors Market Segmentation Global Ultrasonic Sensors Market, By Type (Ultrasonic Proximity Sensors, Ultrasonic Retro-Reflective Sensors, Ultrasonic Through Beam Sensors, Ultrasonic 2 Point Proximity Switches), By Application (Liquid Level Measurement, Object Detection, Distance Measurement, Anti Collision Detection, Pallet Detection, and Others), and By Industry (Automotive, Power and Oil & Gas, Chemical, Agriculture, Construction, Pulp & Paper, Material Handling, Food & Beverage, Medical & Healthcare, Aerospace & Defense, Metal working, Printing, Textile, and Others) Industry Forecast | 2021 to 2026

Pulished: August, 2021
ID: 9973
Pages: 175

Market Overview

The Global Ultrasonic Sensors Market is predicted to expand in a remarkable way over the envisioned period. It is also foreseen that the target market will get valued around US$ 9.09 Bn by 2027, garnering at a CAGR of 8.4% over the evaluated period of 2021 – 2027.

An ultrasonic sensor is a device that generates or can sense the ultrasound energy. These ultrasonic sensors are divided into three key categories, which include receivers, transmitters, and transceivers. Of these, receivers are for converting the ultrasound into electrical signals, transmitters are for converting the electrical signals into ultrasound, and a transceiver can transmit & also receive the ultrasound.

Globally, the usage of ultrasound for measuring the wind speeds, which is emerging as a major end-use for these ultrasonic sensors. This is one of the major factors that are extensively driving the growth of the global ultrasonic sensors market in recent times. Moreover, the growing need for these ultrasonic sensors for tracking objects & detecting their position that is of utmost importance in multiple industries is another major role that was the expansion of these sensor's applications, which is boosting the growth of the target market over the projection period.

Recent Developments

  • Rockwell Automation, Inc., a global company that is known for its industrial automation and digital transformation solutions, has announced that they have acquired the Kalypso, LP. which is a software delivery and consulting firm that is specialized in the digital evolution of industrial companies that was with a strong client base of life sciences, consumer products & industrial high-tech.
  • Siemens Gamesa, a major player in the ultrasonic sensors market, has acquired the Ria Blades factory of Senvion, a German wind turbine manufacturer that was under the ownership of Suzlon which is an India wind turbine manufacturer, in Portugal.

Drivers and Restraints of Ultrasonic Sensors Market

The growing demand for these ultrasonic sensors from the household equipment and devices owing to their need for these sensors is the major driver for the expansion of the Global Ultrasonic Sensors Market.

Moreover, the growth of the Global Ultrasonic Sensors Market owes to these sensors getting utilized for object detection, distance measurement, and anti-collision detection among a plethora of industries. Furthermore, the demand for ultrasound technologies from the chemicals industry is another factor that was boosting the growth of the target market.

However, factors such as the low response speed & accuracy when compared to optical sensors and the errors that are getting observed in the readings owing to the material’s density, consistency & material type are the major challenges that are restraining the growth of the Global Ultrasonic Sensors Market.

Market Segmentation of Ultrasonic Sensors Market

Based on the type Outlook, the global Ultrasonic Sensors market is segmented into Ultrasonic Proximity Sensors, Ultrasonic Retro-Reflective Sensors, Ultrasonic Through Beam Sensors, and Ultrasonic 2 Point Proximity Switch.

On the industry outlook, the global Ultrasonic Sensors market is segmented into Automotive, Power and Oil & Gas, Chemical, Agriculture, Construction, Pulp & paper, Material Handling, Food & Beverage, Medical & Healthcare, Aerospace & Defense, Metalworking, Printing, Textile, and Others.

On the application segmentation, the global Ultrasonic Sensors market is segmented as Liquid Level Measurement, Object Detection, Distance Measurement, Anti Collision Detection, Pallet Detection, and Others.

Ultrasonic Sensors Market Region wise analysis

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Europe held the significant share of the Global Ultrasonic Sensors Market. The major factor that was driving the growth of the target market in Europe is the presence of well-developed countries and the robust developments in the automotive & chemical sectors. Asia-Pacific Ultrasonic Sensors Market is the market that is expected to witness the fastest growth over the forecast period. The presence of the indestructible manufacturing sector and the economies like Japan & South Korea, that are technologically advanced are the key points that are contributing to the target markets share. The major factors that are specifically driving the growth of the Ultrasonic Sensors Market are the growing trends in the popularity of automation, the presence of this strong manufacturing sector, and the growing automotive sector. Thus, the target market in the Asia-Pacific region is the second-largest market, globally.

And, after the Europe and Asia-Pacific regional markets, the North American Regional Ultrasonic Sensors Market is the third-largest geographic segment, globally. Major factors that are driving the growth of the ultrasonic sensors market in North America include the increase in the popularity of process automation, the presence of strong manufacturing and food & beverages sectors in the US and Canada. Additionally, the presence of the high number of ultrasonic sensor manufacturers and developers is a factor that is likely to be fuelling the growth of the Ultrasonic Sensors Market in North America during the outlook period.

Key Players of Ultrasonic Sensors Market

The key players of the Global Ultrasonic Sensors Market includes Baumer, Honeywell International Inc., Rockwell Automation, Inc., Siemens AG, Murata Manufacturing Co., Ltd., Microsonic GmbH, Migatron Corporation, Banner, Omron Corporation and Balluff GmbH

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Ultrasonic Sensors Market, By Type            

                    6.1.1 Ultrasonic Proximity Sensors        

                    6.1.2 Ultrasonic Retro-Reflective Sensors        

                    6.1.3 Ultrasonic Through Beam Sensors 

                    6.1.4 Ultrasonic 2 Point Proximity Switches      

                    6.1.5 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.6 Y-o-Y Growth Rate Analysis         

                    6.1.7 Market Attractiveness Index         

          6.2 Ultrasonic Sensors Market, By Application            

                    6.2.1 Liquid Level Measurement  

                    6.2.2 Object Detection      

                    6.2.3 Distance Measurement       

                    6.2.4 Anti Collision Detection      

                    6.2.5 Pallet Detection       

                    6.2.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.7 Y-o-Y Growth Rate Analysis         

                    6.2.8 Market Attractiveness Index         

          6.3 Ultrasonic Sensors Market, By Industry                 

                    6.3.1 Automotive    

                    6.3.2 Power and Oil & Gas

                    6.3.3 Chemical       

                    6.3.4 Agriculture     

                    6.3.5 Construction  

                    6.3.6 Pulp & Paper  

                    6.3.7 Material Handling     

                    6.3.8 Food & Beverage      

                    6.3.9 Medical & Healthcare

                    6.3.10 Aerospace & Defense       

                    6.3.11 Market Size Estimations & Forecasts (2019-2024)      

                    6.3.12 Y-o-Y Growth Rate Analysis       

                    6.3.13 Market Attractiveness Index       

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Application

                    7.2.4 By Industry    

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Application

                    7.3.4 By Industry    

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Application

                    7.4.4 By Industry    

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Application

                    7.5.4 By Industry    

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Application

                    7.6.4 By Industry    

8. Key Player Analysis                           

          8.1 Baumer            

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Honeywell International Inc.            

          8.3 Rockwell Automation, Inc                

          8.4 Siemens AG                

          8.5 Murata Manufacturing Co., Ltd                  

          8.6 Microsonic GmbH                 

          8.7 Migatron Corporation            

          8.8 Banner             

          8.9 Omron Corporation               

          8.10 Balluff GmbH            

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Ultrasonic Sensors Market By Region, From 2021-2026 ( USD Billion )
  2. Global Ultrasonic Sensors Market By Type, From 2021-2026 ( USD Billion )
  3. Global Ultrasonic Proximity Sensors Market By Region, From 2021-2026 ( USD Billion )
  4. Global Ultrasonic Retro-Reflective Sensors Market By Region, From 2021-2026 ( USD Billion )
  5. Global Ultrasonic Through Beam Sensors Market By Region, From 2021-2026 ( USD Billion )
  6. Global Ultrasonic 2 Point Proximity Switches Market By Region, From 2021-2026 ( USD Billion )
  7. Global Ultrasonic Sensors Market By Application, From 2021-2026 ( USD Billion )
  8. Global Liquid Level Measurement Market By Region, From 2021-2026 ( USD Billion )
  9. Global Object Detection Market By Region, From 2021-2026 ( USD Billion )
  10. Global Distance Measurement Market By Region, From 2021-2026 ( USD Billion )
  11. Global Anti Collision Detection Market By Region, From 2021-2026 ( USD Billion )
  12. Global Pallet Detection Market By Region, From 2021-2026 ( USD Billion )
  13. Global Ultrasonic Sensors Market By Industry, From 2021-2026 ( USD Billion )
  14. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  15. Global Power and Oil & Gas Market By Region, From 2021-2026 ( USD Billion )
  16. Global Chemical Market By Region, From 2021-2026 ( USD Billion )
  17. Global Agriculture Market By Region, From 2021-2026 ( USD Billion )
  18. Global Construction Market By Region, From 2021-2026 ( USD Billion )
  19. Global Pulp & Paper Market By Region, From 2021-2026 ( USD Billion )
  20. Global Material Handling Market By Region, From 2021-2026 ( USD Billion )
  21. Global Food & Beverage Market By Region, From 2021-2026 ( USD Billion )
  22. Global Medical & Healthcare Market By Region, From 2021-2026 ( USD Billion )
  23. Global Aerospace & Defense Market By Region, From 2021-2026 ( USD Billion )

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