USD 4.9 billion
Ultrasonic Sensor Market Size, Share, Growth Analysis, By Type(Retro-Reflective Sensors, Proximity Sensors, and Through Beam Sensors), By Application(Liquid Level Detection, Distance Measurement, Object Detection, Loop Control), By Industrial Verticals(Food and Beverages, Medical, Automotive, Oil and Gas), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20D2090 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
95
|Figures:
76
Ultrasonic Sensor Market Insights
Ultrasonic Sensor Market size was valued at USD 4.9 billion in 2021 and is poised to grow from USD 5.44 billion in 2022 to USD 12.64 billion by 2030, growing at a CAGR of 11.1% in the forecast period (2023-2030).
The global ultrasonic sensor market is anticipated to witness significant growth during the forecast period due to the increasing use of ultrasonic sensors in numerous industries. The healthcare sector, for example, is expected to create significant opportunities for ultrasonic sensors due to the growing demand for numerous applications, such as echocardiograms and echo graphs. One of the key areas where ultrasonic sensors are gaining traction is in the automotive industry. Connected and autonomous vehicles are necessitating the integration of ultrasonic sensors to measure the distance between the vehicle and nearby objects to alert car systems and prevent accidents. Additionally, ultrasonic sensors are being used in various applications for distance measurement in the material handling sectors. Ultrasonic sensors are widely used for non-contact detection of solid and liquid state objects. They provide relatively precise measurements, with errors usually within 1%. They have high measurement throughput and rapid refresh rates. Also, because they don't require uncommon materials, they are frequently relatively affordable. The outlook for the ultrasonic sensor market is positive and is expected to grow significantly due to the emergence of enhanced applications in high-growth sectors, such as healthcare, automotive, and machine handling. Ultrasonic sensors offer better price-performance than other forms of sensors by relying on economies of scale advantages.
While ultrasonic sensors have a variety of useful applications, there are also potential harmful effects associated with their use. One potentially concern is the effect of ultrasonic waves on living beings. High-frequency sound waves can cause discomfort, pain, or even permanent hearing loss in humans and animals. In particular, prolonged exposure to high-frequency sound waves can cause damage to the inner ear, resulting in hearing loss. While ultrasonic sensors are typically designed to emit sound waves at frequencies above the range of human hearing, there is still a risk of harm if the sensors are used improperly or if individuals are exposed to ultrasonic waves at close range for extended periods. Another potential issue is the effect of ultrasonic waves on sensitive electronic equipment. Some types of electronic devices can be disrupted or damaged by high-frequency sound waves, particularly if they are operating at frequencies close to the frequency of the ultrasonic waves. This can lead to malfunctions, data loss, or other problems that can be costly and disruptive.
In addition, ultrasonic sensors can pose a risk of false positives or false negatives, particularly in situations where there is a lot of ambient noise or interference. For example, if an ultrasonic sensor is used to detect the presence of an object in a noisy environment, it may be difficult to distinguish between the sound waves emitted by the sensor and other sources of noise. This can lead to inaccurate readings and false alarms, or failure to detect objects that are present.
US Ultrasonic Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Retro-Reflective Sensors
Fastest Growth
Growth Rate
11.1% CAGR
Global Ultrasonic Sensor Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Ultrasonic Sensor Market Segmental Analysis
Global Ultrasonic Sensor market is segmented by type and application and industry verticals. Based on type, the market can be segmented into Retro-Reflective Sensors, Proximity Sensors, and Through Beam Sensors. Based on application, the market can be segmented into Liquid Level Detection, Distance Measurement, Object Detection, Loop Control, and Diameter Measurement. Based on industry verticals, the Ultrasonic Sensor Market is segmented into Food and Beverages, Medical, Automotive, Oil and Gas, Industrial, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Ultrasonic Sensor Market Analysis by Type
By type, the market can be segmented into retro-reflective sensors, proximity sensors, and through-beam sensors. Retro-reflective sensors segment dominated the global market. These are a type of sensor that uses a reflective surface to detect the presence or absence of an object. These sensors are commonly used in industrial applications where it is necessary to detect the presence of an object even if it is not directly in the line of sight of the sensor. Retro-reflective sensors are known for their reliability, accuracy, and durability, which makes them ideal for use in harsh environments.
Proximity sensors segment is the fastest growing segment. These are used to detect the presence or absence of an object within a certain range. These sensors use a variety of technologies, including ultrasonic, magnetic, capacitive, and inductive, to detect objects. Proximity sensors are commonly used in automotive, aerospace, and manufacturing industries, where they play a critical role in ensuring safety and efficiency.
Ultrasonic Sensor Market Analysis by Application
By application, the market can be segmented into Liquid Level Detection, Distance Measurement, Object Detection, Loop Control, and Diameter Measurement. Liquid Level Detection segment dominated the global market, which involves the use of sensors to detect the level of liquid in tanks, vessels, or other containers. These sensors are commonly used in the chemical, oil and gas, and water treatment industries, where accurate and reliable liquid level monitoring is critical to ensure safe and efficient operations.
Distance Measurement segment is the fastest growing segment, which includes sensors used to measure the distance between two objects or surfaces. These sensors are widely used in manufacturing and automation applications, such as robotics, where precise distance measurement is required to ensure proper positioning and alignment of components.
Global Ultrasonic Sensor Market By Type, 2022 (%)
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Ultrasonic Sensor Market Regional Insights
North America has been one of the dominant regions in the ultrasonic sensors market, and it is expected to continue its dominance during the forecast period. The United States is the largest market for ultrasonic sensors in North America due to the increasing demand for ultrasonic sensors in various end-use industries such as automotive, healthcare, and oil and gas. The automotive industry has been a significant driver for the growth of market in North America. Ultrasonic sensors are used in driver assistance systems, parking assistance systems, and blind-spot detection systems, among others, in automobiles. The adoption of automation and IoT technologies in industries such as healthcare and manufacturing has been a key factor driving the growth of ultrasonic sensors in North America. The increasing demand for non-contact measurement systems in the healthcare industry has led to the adoption of ultrasonic sensors. Moreover, the growing demand for ultrasonic sensors in the oil and gas industry for pipeline inspection, leak detection, and flow measurement has also been a key driver of market growth.
On the other hand, the Asia-Pacific (APAC) region is one of the fastest-growing regions in terms of the adoption of ultrasonic sensors. This growth is driven by several factors, including the increasing use of automation and robotics in the manufacturing sector, the growing demand for non-contact sensors for various applications, and the increasing adoption of connected and autonomous vehicles. The manufacturing sector in APAC is rapidly expanding, particularly in countries such as China, Japan, and South Korea. The increasing use of automation and robotics in this sector is driving the demand for ultrasonic sensors for various applications, including distance measurement, object detection, and fill level measurement. The food and beverage industry in APAC is also a significant contributor to the growth of ultrasonic sensors, particularly for liquid level measurement in bottles and tanks. The adoption of connected and autonomous vehicles in APAC is also driving the growth of ultrasonic sensors. These sensors are used in these vehicles for distance measurement and object detection to ensure safety while driving. The increasing demand for these vehicles in countries such as China and Japan is driving the growth of the ultrasonic sensors market in APAC.
Global Ultrasonic Sensor Market By Geography, 2022-2030
- Largest
- Fastest
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Ultrasonic Sensor Market Dynamics
Ultrasonic Sensor Market Drivers
Increasing deployment of ultrasonic sensors in medical devices
- Ultrasonic sensors have become increasingly popular in the medical field due to their ability to provide high-resolution images and accurate measurements without exposing patients to harmful radiation. They are used in various medical devices, including ultrasound machines, blood flow monitors, and surgical instruments. The deployment of ultrasonic sensors has improved diagnostic accuracy and patient outcomes, making them an indispensable tool in modern medicine. Additionally, technological advancements have made these sensors smaller, more affordable, and more versatile, enabling their use in a wide range of applications. As a result, we can expect to see continued growth in the deployment of ultrasonic sensors in medical devices in the coming years.
Proliferation toward industrial automation and robots in the manufacturing sector
- The manufacturing sector has seen a significant proliferation towards industrial automation and robots in recent years. This shift towards automation and robotics is driven by the need to increase efficiency, reduce costs, and improve product quality. Industrial automation and robots enable manufacturers to streamline their operations, reduce labor costs, and enhance product consistency. Additionally, the use of automation and robots in manufacturing is becoming more cost-effective as the technology becomes more advanced and accessible. As a result, many manufacturing companies are investing in automation and robotics to stay competitive and meet the growing demand for high-quality products. This trend is likely to continue in the coming years, as automation and robotics continue to revolutionize the manufacturing sector.
Ultrasonic Sensor Market Restraints
Limited detection range of ultrasonic sensors
- Ultrasonic sensors are commonly used for object detection and distance measurement. However, they have a limitation in their detection range. This means that beyond a certain distance, the sensor will not be able to detect objects accurately. The limited detection range of ultrasonic sensors is due to the nature of sound waves, which disperse as they travel through the air. Additionally, other factors such as temperature, humidity, and air pressure can affect the accuracy of ultrasonic sensors. Therefore, it is important to consider the limitations of ultrasonic sensors when designing a system that relies on them for object detection.
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Ultrasonic Sensor Market Competitive Landscape
The global ultrasonic sensor market is moderately fragmented due to the presence of numerous regional and global players. These companies are focusing on product innovation, collaborations, and partnerships to strengthen their market position. Additionally, they are also investing in research and development activities to develop cost-effective and efficient ultrasonic sensors for different applications. With the increasing demand for ultrasonic sensors in various industries, such as automotive, healthcare, and manufacturing, companies are expanding their product portfolio to meet the growing demand. However, the market is also witnessing the entry of new players, which is intensifying the competition further. To stay competitive, companies are also adopting strategies such as mergers and acquisitions to expand their geographic reach and gain a larger market share.
Ultrasonic Sensor Market Top Player’s Company Profiles
- Pepperl+Fuchs AG
- Honeywell International Inc.
- Rockwell Automation, Inc.
- Siemens AG
- Baumer Group
- Murata Manufacturing Co. Ltd.
- Banner Engineering Corp.
- Senix Corporation
- Balluff GmbH
- Microsonic GmbH
- MaxBotix Inc.
- OMRON Corporation
- Migatron Corporation
- Endress+Hauser AG
- Massa Products Corporation
- Migatron Corporation
- Fargo Controls, Inc.
- B+B SmartWorx (Advantech)
- Hans Turck GmbH & Co. KG
- Carlo Gavazzi Holding AG
Ultrasonic Sensor Market Recent Developments
- In January 2023, Honeywell International Inc. is planning to launch a new range of ultrasonic sensors for the automotive industry. The new sensors will be designed to improve the safety and performance of autonomous vehicles, providing accurate and reliable distance measurements for collision avoidance and navigation systems.
- In July 2022, Siemens AG launched a new ultrasonic flowmeter for the water industry. The new device uses ultrasonic sensors to measure the flow rate of liquids in pipes, providing accurate and reliable data for water management systems.
- In March 2022, Texas Instruments Incorporated introduced a new family of ultrasonic sensing solutions for applications in automotive, industrial, and consumer markets. The new devices are designed to offer high accuracy, low power consumption, and small size.
- In February 2022, Rockwell Automation, Inc. announced the acquisition of Swiss ultrasonic sensor company, OptoForce. This acquisition will enable Rockwell Automation to expand its sensing and automation capabilities in the manufacturing sector.
- In September 2021, Analog Devices, Inc. introduced a new family of high-precision, low-power ultrasonic sensing solutions for applications in industrial process control, fluid level monitoring, and gas flow metering.
Ultrasonic Sensor Key Market Trends
- One of the latest trends in the market is adoption of ultrasonic sensors which concerns over their short detection range. Despite their ability to accurately measure distances and detect objects, the limited range of ultrasonic sensors can be a hindrance in certain applications. This has led to hesitation in their adoption in industries such as autonomous vehicles and drones, where longer detection ranges are necessary for safe and efficient operation. To address this issue, researchers and manufacturers are exploring ways to increase the range of ultrasonic sensors through technological advancements and alternative sensor configurations. The successful development of ultrasonic sensors with extended ranges could potentially boost their adoption and expand their applications across various industries.
Ultrasonic Sensor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Accroding to our global ultrasonic sensor market analysis, the market is expected to witness significant growth during the forecast period due to the increasing adoption of these sensors across numerous industries. Ultrasonic sensors are widely used for object detection, pallet detection, and distance measurement, among other applications. They are commonly used in the food and beverages industry, healthcare sector, automotive industry, and machine handling, among others. The emergence of enhanced applications in these high-growth sectors, along with the fingerprint-based application that is gaining traction in consumer products, is expected to drive the growth of the market. While the market outlook is positive, certain limitations of ultrasonic sensors such as their limited detection range may hinder the growth of the market. However, manufacturers are continuously striving to improve their products by developing ultrasonic sensors with additional capabilities such as open structures, waterproofing, and external casing to reduce damage. Additionally, the increasing adoption of ultrasonic sensors in ADAS systems in the future is expected to further drive the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 4.9 billion |
| Market size value in 2030 | USD 12.64 billion |
| Growth Rate | 11.1% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ultrasonic Sensor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ultrasonic Sensor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ultrasonic Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ultrasonic Sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ultrasonic Sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ultrasonic Sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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