Fort Collins, Colorado, Sept. 06, 2023 (GLOBE NEWSWIRE) -- DataHorizzon Research Published a report titled, "Ultrasonic Sensors Market Size, Growth, Share, Statistics Report, By Type (Retro-Reflective Sensors, Proximity Sensors, Through Beam Sensors and others), By End-user Industry, By Application, By Region Forecasts, 2023-2032."
According to DataHorizzon Research, the ultrasonic sensors market size was valued at USD 4.8 billion in 2022 and is expected to have a market size of USD 11.6 billion in 2032 with a CAGR of 9.5%. The increasing popularity of self-driving vehicles is projected to impel the market demand. Also, the rising popularity of IoT devices has enabled more opportunities for the market. Ultrasonic sensors serve remarkably in the healthcare sector. Its typical use in medical applications is flow measurement and patient monitoring.
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Report Snapshot:
| Report Title | Ultrasonic Sensors Market |
| Market Size in 2022 | USD 4.8 billion |
| Market Size by 2032 | USD 11.6 billion |
| CAGR from 2023 to 2032 | 9.5% |
| Largest Market | North America |
| Forecast Period | 2023 to 2032 |
| Historic Period | 2021 |
| Base Year | 2022 |
| Report Scope & Coverage | Market Size, Market Estimations, Competitor Analysis, Trends and Growth Factors |
| By Type | Retro-Reflective Sensors, Proximity Sensors, Through Beam Sensors, and Others |
| By Application | Level Measurement, Distance Measurement, Obstacle detection, and Others |
| By End-user Industry | Consumer Electronics, Aerospace & Defense, Automotive, Healthcare and Others |
| Region | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. |
| Countries Covered | U.S., Canada, U.K., Germany, France, China, Japan, India, South Korea, Brazil, Mexico, UAE, Saudi Arabia, South Africa, among others |
| Major Market Players | Siemens, Rockwell Automation Inc., Omron Corporation, SICK AG, Balluff Inc., Baumer, Pepperl+Fuchs GmbH, Panasonic, Banner Engineering Corp., Hans Turck GmbH & Co. KG, Ifm electronic GmbH, Murata Manufacturing Co., Ltd.,etc. |
Regional Overview:
In terms of region, North America heavily dominates the market share attributed to the significant developments in the automation and robotics industry. Increase in the use of robots in the healthcare industry in the U.S. is one of the major drivers for the U.S. market. On the other hand, Asia Pacific is one of the second leading markets with a significant focus on producing consumer electronics, shifting trends in the manufacturing sector, and the adoption of automated devices in the automobile and healthcare industry.
Key Developments in the Industry:
- In June 2023, the University of California San Diego researchers published the latest study of its findings on wearable ultrasound sensors with capabilities that offer a non-invasive long-term treatment for deep tissues. According to the publication, this technology could be a breakthrough in deep tissue monitoring and completely refines the traditional methods of ultrasound monitoring. The researchers have developed a stretchable ultrasonic array that expedites 3D imaging of tissues up to four centimeters below the skin surface. The healthcare industry has broadly witnessed the use of compression elastography in the healthcare industry.
- In 2023, a Switzerland-based sensor expert company Baumer, set new standards in the sensor industry by producing a highly compact-sized ultrasonic sensor UR12. The device delivers an optimized sensor performance with a housing size mere 50 mm in length. It saves engineers more space in a confined system with cost-saving features. Further, it facilitates object detection, distance, and level measurement with precise output. At industrial levels, UR12 fully complies as an intelligent sensor solution in the automation industry. For instance, as a sensor solution, its application extends into battery manufacturing and detects the level and leakage of coolants in e-mobility charging stations.
- In May 2023, Valeo Product Group shared a media release about producing one million units of ultrasonic sensors in its Gujarat-based manufacturing plant. The company specializes in ADAS systems for cars, LIDARs, satellite-smart cameras, and ultrasonic sensors. These sensors detect obstacles, making driving and parking much safer and more convenient. According to the official statements, the company plans to expand localization in India and serve automotive needs in the Indian market.
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Ultrasonic Sensor Market Report Highlights:
- The global ultrasonic sensors market size was valued at USD 4.8 billion in 2022 and is projected to reach USD 11.6 billion at a CAGR of 9.5% by 2032.
- The growing popularity of self-driving cars and an increase in the deployment of IoT is projected to propel the demand in the forthcoming years.
- Ultrasonic sensors are widely deployed for applications such as robotics, quality control, and automated production lines.
- By type, the market is segmented as retro-reflective sensors, proximity sensors, through-beam sensors, and others. Retro-reflective sensors are the leading segment, attributing to its advantages.
- The market is segmented by end-use as consumer electronics, aerospace and defense, lithotripsy, ultrasonography, and echocardiography.
- By application, the market is segmented into distance measurement, level measurement, obstacle detection, and others.
- The market is segmented by region as North America, Latin America, Europe, Asia Pacific, Middle-East, and Africa. North America is the dominant market, while Asia Pacific is one of the fast-growing markets, attributing to the rapid adoption of automation.
- Some of the prominent players in the ultrasonic sensors market report are Siemens, Rockwell Automation Inc., Omron Corporation, Qualcomm, Pepperl+Fuchs GmbH, SICK AG, Panasonic, Balluff Inc., Baumer, Banner Engineering Corp., Hans Turck GmbH & Co. KG, Ifm Electronic GmbH, and Murata Manufacturing Co., Ltd.
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Ultrasonic Sensors Market Report Segmentation:
Ultrasonic Sensors Market, By Type (2023-2032)
- Retro-Reflective Sensors
- Proximity Sensors
- Through Beam Sensors
- Others
Ultrasonic Sensors Market, By Application (2023-2032)
- Level Measurement
- Distance Measurement
- Obstacle detection
- Others
Ultrasonic Sensors Market, By End-user (2023-2032)
- Consumer Electronics
- Aerospace & Defense
- Automotive
- Healthcare
- Others
Ultrasonic Sensors Market, By Region (2023-2032)
- North America
-
- U.S.
- Canada
- Europe
-
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
-
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
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