Dublin, Nov. 10, 2021 (GLOBE NEWSWIRE) -- The "Ultrasonic Sensor Market Share, Size & Growth, By Type (Proximity Detection, Ranging Measurement), By Application (Distance Measurement, Object Detection, Liquid Level Measurement, Anti-Collision Detection, Others), By End Use, And By Region, Forecast To 2028" report has been added to ResearchAndMarkets.com's offering.
The global ultrasonic sensor market size is expected to reach USD 6,454.2 Million in 2028, and register a CAGR of 6.2% during the forecast period.
Increasing number of ultrasound applications in healthcare sector, and growing demand for minimally-invasive procedures are among the major factors driving market growth. Minimally-invasive procedures offer advantages including lesser strains and faster recovery-time.
Increasing demand for smart medical wearable, and increasing use of combination of various technologies for monitoring heart rate, sensing temperature, etc. is resulting in high consumption of ultrasonic sensors, thereby boosting market growth.
Some Key Findings From the Report:
- Among the type segments, the proximity sensor segment accounted for major share in terms of revenue in 2020, is expected to register a robust revenue CAGR during the forecast period.
- Among the application segments, the distance measurement segment accounted for major revenue share in 2020, followed closely by the liquid-level measurement segment. The liquid-level measurement segment is also expected to register a robust revenue CAGR during the forecast period.
- Among the end-use segments, the medical and healthcare segment is expected to register the highest revenue growth rate during the forecast period. The automotive segment accounted for considerable revenue share in the global market in 2020.
- North America market accounted for the largest revenue share in the global market in 2020, due to various factors such as well-established end-use industries, high demand for advanced technologies, and strong presence of manufacturing units of various industrial verticals in countries in the region.
- The Asia Pacific market accounted for the second-largest revenue share in the global market in 2020.
- Companies profiled in the market report include some of the participants in the ultrasonic sensor market include Branson Ultrasonic Corp., Honeywell International Inc., Toshiba America Medical Systems, Inc., OMRON Corporation, Murata Manufacturing Co. Ltd., APC International Ltd., Siemens Ag, Rockwell Automation Inc., G.E. Healthcare, Ltd., and Pepperl+Fuchs GmbH. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
Reasons to Buy the Report
- A robust analysis and estimation of the Ultrasonic Sensor Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Ultrasonic Sensor Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Key Topics Covered:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 - 2028
Chapter 3. Indicative Metrics
Chapter 4. Ultrasonic Sensor Market Segmentation & Impact Analysis
4.1. Ultrasonic Sensor Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand from the food & beverage industry
4.2.2.2. Reliability and cost-effectiveness
4.2.3. Market restraints analysis
4.2.3.1. Evolution of other alternate sensing technologies and inadequate manufacturing quality of the sensors.
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Chapter 5. Ultrasonic Sensor Market By Application Insights & Trends
5.1. Application Dynamics & Market Share, 2021 & 2028
5.2. Object Detection
5.2.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
5.2.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
5.3. Liquid Level Measurement
5.3.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
5.3.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
5.4. Distance Measurement
5.4.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
5.4.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
5.5. Anti-Collision Detection
5.5.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
5.5.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
5.6. Others
5.6.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
5.6.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
Chapter 6. Ultrasonic Sensor Market By Type Insights & Trends
6.1. Type Dynamics & Market Share, 2021 & 2028
6.2. Proximity Detection
6.2.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
6.2.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
6.3. Ranging Measurement
6.3.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
6.3.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
Chapter 7. Ultrasonic Sensor Market By End User Insights & Trends
7.1. End User Dynamics & Market Share, 2021 & 2028
7.2. Automotive
7.2.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
7.2.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
7.3. Medical and Healthcare
7.3.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
7.3.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
7.4. Chemical
7.4.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
7.4.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
7.5. Construction
7.5.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
7.5.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
7.6. Others
7.6.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Thousand Units)
7.6.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) (Thousand Units)
Chapter 8. Ultrasonic Sensor Market By Regional Outlook
Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. Branson Ultrasonic Corp.,
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Honeywell International Inc
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Toshiba America Medical Systems, Inc
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. OMRON Corporation
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Murata Manufacturing Co., Ltd
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
10.6. APC International Ltd
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Technology Insights
10.6.4. Strategic Initiatives
10.7. Siemens Ag
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Technology Insights
10.7.4. Strategic Initiatives
10.8. Rockwell Automation, Inc
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Technology Insights
10.8.4. Strategic Initiatives
10.9. GE Healthcare, Ltd
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Technology Insights
10.9.4. Strategic Initiatives
10.10. Pepperl+Fuchs GmbH
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Technology Insights
10.10.4. Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/9wk7im
