Ultrasonic Sensor Market 2019 Global Share, Size, Industry Growth, Emerging Technologies, New Applications, Financial Planning, Demand, Dynamics and Forecast 2023
Aug 12, 2019
Global Ultrasonic Sensor Market will surpass a valuation of USD 600 Mn by the year 2023 up from USD 356.4 Mn in 2017, reflecting a CAGR of 12.3%.
pune, India - August 12, 2019 /MarketersMedia/ —
Ultrasonic Sensor Market Synopsis:
Ultrasonic sensor is viewed as a revolutionary electronic equipment, which is used for measuring distance between two stationary or moving objects. Ultrasonic waves are used for measuring, which is highly accurate. Distance is measured by shooting ultrasonic waves on the target which is then reflect from it. The major application of ultrasonic sensors includes industries to identify hidden tracks, defects in metals and other materials, and water level detection. The factors contributing to the growth of ultrasonic sensors include the rising adoption of smart factories and industrial automation. Moreover, the reliability and high precision of ultrasonic sensors make them one of the widely adopted sensors.
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The growing popularity of ultrasonic sensor in various manufacturing verticals is one of major drivers of the market growth. These sensors a common in smart factories owing to their relevant and application specific features. These sensors are durable, accurate and credible. They are used in a wide range of sensor applications including measurement, and water level sensing among others. Some of the common applications of ultrasonic sensors are obstacle detection, water level detection and distance measurement.
Global Ultrasonic Sensor Market: Competitive Landscape
MRFR in its report has profiled some of the prominent market players, which include Pepperl+Fuchs GmbH (Germany), Murata Manufacturing Co. Ltd (Japan), Robert Bosch GmbH (Germany), Schneider Electric SE (France), Omron Corporation (Japan), Siemens AG (Germany), Honeywell International, Inc (US), Baumer Ltd (Italy), Rockwell Automation, Inc (US), MaxBotix Inc (US), Hexamite LTD (US), IFM Efector, Inc (US), TE Connectivity Ltd (Switzerland), Addison Electric, Inc. (US), Simtech Process Systems (US), Optical Scientific, Inc (US), Migatron Corporation (US), BeStar Technologies, Inc (US), Nex Flow Air Products Corp (Canada), Endress+Hauser (Switzerland), Judd Communication (US) and Jamieson Equipment Co., Inc (US).
Global Ultrasonic Sensor Market: Segmental Analysis
MRFR’s report includes a detailed segmental analysis of the market based on application and product.
On the basis of product, the market has been segmented into ultrasonic retro-reflective sensor, ultrasonic proximity sensor and ultrasonic through beam sensor. On the basis of application, the market has been segmented into distance measurement, object detection, anti-collision detection and liquid level measurement.
Global Ultrasonic Sensor Market: Regional Analysis
On the basis of region, the global ultrasonic sensor market has been segmented into Europe, Asia Pacific (APAC), North America and rest of the world (RoW) – the RoW section covers Africa, Latin America and the Middle East. For market players, Europe and Asia Pacific (APAC) has been highly attractive in revenue terms. Presence of a massive manufacturing sector in both the regions is one of the key factors driving the market growth. In Europe, Germany has a strong hold in ultrasonic sensor manufacturing while China remains the undisputed leader in ultrasonic sensor manufacturing in APAC. China accounts for a significant amount of the overall production of ultrasonic sensor worldwide. Demand for ultrasonic sensors has grown significantly in recent years owing to it growing application base. Ultrasonic sensor manufacturing in these countries is expected to remain strong during the forecast period, as manufacturers adopt advanced manufacturing technologies. In addition, integration of automation in facilities is gaining momentum, which is reflecting favourably on the ultrasonic manufacturing industry in these countries. Investment in upgrading manufacturing facilities and growing influence of manufacturing automation are some of trends governing the market development APAC and Europe. Apart from these two regions, the market is expected to witness a healthy growth in North America. The U.S. leads the market in North America in term of revenue. In addition, the market in North America is expected to witness a strong growth during the forecast period. Policy reforms and a renewed interest in domestic manufacturing is favouring the market growth in North America.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of Ultrasonic Sensors
5 Market Landscape
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
Continued….
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LIST OF TABLES
Table 1 Global Ultrasonic Sensors Market, By Product, 2018–2023
Table 2 Global Ultrasonic Sensors Market, By Application, 2018–2023
Table 3 Global Ultrasonic Sensors Market, By Region, 2018–2023
Table 4 North America: Ultrasonic Sensors Market, By Country, 2018–2023
Table 5 North America Ultrasonic Sensors, Market, By Product, 2018–2023
Continued….
LIST OF FIGURES
FIGURE 1 Global Ultrasonic Sensors Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Ultrasonic Sensors Market
FIGURE 4 Value Chain Of Global Ultrasonic Sensors Market
FIGURE 5 Share Of Global Ultrasonic Sensors Market In 2017, By Country (In %)
Continued….
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