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The Ultrasonic Sensors Market is Segmented by Type (Ultrasonic Proximity Sensors, Ultrasonic Retro-Reflective Sensors, Ultrasonic Through Beam Sensors), End-user Vertical (Automotive, Chemical & Petrochemical, Food & Beverage), and Geography.
Study Period:
2021-2026
Base Year:
2020
Fastest Growing Market:
North America
Largest Market:
North America
CAGR:
15.68 %
The ultrasonic sensors market was valued at USD 1040.12 million in 2020 and is expected to reach a value of USD 2383.19 million by 2026, at a CAGR of 15.68%, during the forecast period (2020-2025). The ultrasonic sensor is an emerging technology with significant growth potential. Ultrasonic sensors rely on non-intrusive detection of target objects. They are primarily based on three principles - the Doppler shift, amplitude attenuation, and time of flight. Ultrasonic sensors are being widely used in the automotive, healthcare, industrial, food, and electronics sector.
The basic working principle of ultrasonic sensors is based on echolocation. This involves the transmission of ultrasonic waves to the target object, which reflects it back to the source after receiving the initial wave. Ultrasonic sensors detect the exact position of the object by calculating the distance from the original source “echo”, generated by the object. Type of sensors such as thru beam, retro-reflective, diffusing and proximity sensors are considered under the scope of the market.
By Type | |
Ultrasonic Proximity Sensor | |
Ultrasonic Retro-reflective Sensor | |
Ultrasonic Through-beam Sensor | |
Other Types |
By End-user Vertical | |
Automotive | |
Chemical & Petrochemical | |
Food and Beverage | |
Pharmaceutical & Healthcare | |
Aerospace & Defense | |
Other End-user Verticals |
Geography | ||||||
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Rest of the World |
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The ultrasonic sensors market is highly concentrated, as ultrasonic sensors constitute only a fraction of the market share among the other variants of sensors. The rate of adoption for ultrasonic sensors is being affected by the presence of traditional types of sensors. Some of the key players in the market are Siemens AG, Pepperl+Fuchs, Honeywell International Inc., Baumer Ltd, Rockwell Automation, and Murata Manufacturing Co. Ltd.
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Offers Solutions for Diverse Industrial Applications
4.2.2 Reliability, Low Cost, and Versatility Driving the Market
4.2.3 Increasing Prominence of Non-destructive Testing
4.3 Market Restraints
4.3.1 Dominance of Other Forms of Sensors
4.3.2 Operational Issues Reported in Ultrasonic Sensors
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Ultrasonic Proximity Sensor
5.1.2 Ultrasonic Retro-reflective Sensor
5.1.3 Ultrasonic Through-beam Sensor
5.1.4 Other Types
5.2 By End-user Vertical
5.2.1 Automotive
5.2.2 Chemical & Petrochemical
5.2.3 Food and Beverage
5.2.4 Pharmaceutical & Healthcare
5.2.5 Aerospace & Defense
5.2.6 Other End-user Verticals
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Keyence Corporation
6.1.2 Pepperl+Fuchs
6.1.3 Honeywell International Inc.
6.1.4 Baumer Ltd
6.1.5 Rockwell Automation
6.1.6 Murata Manufacturing Co. Ltd
6.1.7 Omron Corporation
6.1.8 Sick AG
6.1.9 Banner Engineering
6.1.10 Baluff Inc.
6.1.11 Robert Bosch GmbH
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability