Ultrasonic Sensors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Ultrasonic Sensors Market was valued at USD 4,350.7 billion in 2020 and is expected to reach a value of USD 8085.7 million by 2026, at a CAGR of 10.31%, during the forecast period (2021-2026). During the COVID-19 pandemic, offices and factories are being required to create an environment in which social distancing between workers and safe work practices are ensured to reduct the spread of the virus. Multiple solutions based on ultrasonic sensor technology are attracting attention as a means to accurately measure distances between workers. Ultrasonic sensors are poised the wireless technology best suited to enabling contact tracing and social distancing due to the high accuracy compared to other ranging technologies such as Bluetooth and Ultra Wide Band (UWB).

• 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.
• Ultrasonic sensors can effectively measure various parameters, such as distance, diameter, position, presence, and level of an object in a medium. The application of ultrasonic sensors can be broadly classified into - detection, measurement, and destruction of objects.
• Ultrasonic sensors can also be used for non-destructive evaluation of objects, including the inspection and quantitative testing of industrial structures and health monitoring of old buildings. They are particularly useful in complicated environments where optical sensors are unusable. They rely on non-contact methods of detection and measurement of objects in a medium.
• The growth drivers in this sector are - a steady increase in medical applications, reliability, cost-effectiveness, versatile functionality, and emerging solutions in diverse industrial implementations.
• Competition from other sensors such as lower response speed and accuracy in comparison with optical sensors and a dearth of manufacturing excellence hinder the market growth.

Scope of the Report

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.

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Key Market Trends

Automotive Industry to Create Huge Demand for Ultrasonic Sensors

• Ultrasonic devices offer several applications in automotive sensors, like parking assistance, safety alarms, collision avoidance, object detection, and automatic braking system. They play an important role in shaping the future of the next-generation driver assistance and self-driving systems.
• On-board sensing systems are being offered in advanced cars for a premium process. These systems rely on ultrasonic sensors for measuring relative distances of objects from the car. Long-range radar capabilities are being integrated with cruise control systems to avoid collisions between vehicles. These sensors are also being used for detection of distances on the rear end of the automobiles for parking assistance and braking control.
• Additionally, sensor vendors have been offering several variants of ultrasonic sensors with increased capabilities like open-structures, waterproofing, and external casing for reducing damage. Thus, with the expected hike in ADAS systems in the future, ultrasonic sensors will witness a proportional rise.

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