This report provides exclusive insights into the COVID-19 impact on the Ultrasonic Sensor Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Ultrasonic Sensor Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Ultrasonic Sensor Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on ultrasonic sensor market provides an in-depth analysis of segments and sub-segments in global as well as regional ultrasonic sensor market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional ultrasonic sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global ultrasonic sensor market. According to the report, the global ultrasonic sensor market is projected to grow at a CAGR of 11.1% over the forecast period of 2018-2024.
The ultrasonic sensor is a device designed for non-contact sensing of solid and liquid objects by using the ultrasonic technology. The ultrasonic sensors are majorly used for the distance measurements so they are also known as distance sensors. The ultrasonic senor device has both transmitter and receivers, the transmitters convert electrical signals into ultrasound, and receivers convert ultrasound into electrical signals. The ultrasonic sensors have various advantages including small size, good compatibility with other devices or controllers, high accuracy, inexpensive and easy to use as compared to the other sensors.
The ultrasonic sensors play a vital role in industrial automation as they are used in much industrial application such as Tank Level measurement and monitoring, Production Line sensing, Distance Measurement. In addition, they also provide Loop control, Liquid level control, Thread or wire break detection, Robotic sensing, automotive assembly and many other applications across various industries. Rapidly growing demand for industrial automation to improve the productivity, performance, and safety, drives the growth of ultrasonic sensors market worldwide.
In addition, the uses of ultrasonic sensors in the healthcare sector are rising very promptly. Medical imagining is the main application of ultrasonic sensors in the medical sector. Here, the ultrasonic sensor sends ultrasonic waves through the human body for generating visual images. This is the best alternative and cost-effective solution for radiography detection technology. The rapidly growing demand for ultrasonic sensors in the healthcare sector is likely to escalate the growth of ultrasonic sensor market. However, the availability of other substitute sensors may hamper the growth of ultrasonic sensors market. Moreover, the rapidly growing adoption of smart applications is projected to create new opportunities in the ultrasonic sensors market in upcoming years.
Geographically, North America holds the maximum market share in ultrasonic sensors market in 2017 and is expected to remain the largest region over the forecast period, 2018-2024. The presence of large manufacturing and automation industries in North America drives the growth of ultrasonic sensors market in this region. Furthermore re, the steady growth of the healthcare industry is likely to contribute to the growth of the ultrasonic sensor market.
The report on global ultrasonic sensor market covers segments such as types, application, and end use industries. On the basis of types, the global ultrasonic sensor market is categorized into ultrasonic proximity sensors, ultrasonic through beam sensor, ultrasonic retro-reflective sensor, and ultrasonic 2 point proximity switches. On the basis of application, the global ultrasonic sensor market is categorized into a distance measurement, object detection, liquid level measurement, anti-collision detection, and others. On the basis of enduse industries, the global ultrasonic sensor market is categorized into automotive, power and gas & oil, medical and healthcare, chemical, agriculture, construction, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of -.
The report provides profiles of the companies in the global ultrasonic sensor market such as Siemens AG, Rockwell Automation Inc., Pepperl+Fuchs GmbH, Murata Manufacturing Co., Ltd.,, OMRON Corporation, Honeywell International Inc., Texas Instruments Incorporated, First Sensor AG, AMETEK,, Inc and Others.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global ultrasonic sensor market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of ultrasonic sensor market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the ultrasonic sensor market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the ultrasonic sensor market to understand the present and future trends in this market and formulate their strategies accordingly.