Ultrasonic Sensor Market Poised to Grow at a CAGR of 11.1% by 2024
Infinium Global Research has added a new report on Ultrasonic Sensor Market. The
report presents analysis of global as well as regional markets of ultrasonic
sensor market over the period of 2016 to 2024.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 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 compare to the other sensors.
The ultrasonic sensors plays
vital role in the industrial automation as they are used in many industrial
application such as Tank Level measurement and monitoring, Production Line
sensing, Distance Measurement. In addition, they are 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 the safety, drives the growth of ultrasonic sensors market
worldwide. In addition, the uses of ultrasonic sensors in healthcare sector is
rising very promptly. The medical imagining is the main application of
ultrasonic sensors in the medical sector. Here, ultrasonic sensor send
ultrasonic waves through the human body for generating visual images. This is
the best alternative and the cost effective solution for the radiography
detection technology. The rapidly growing demand of ultrasonic sensors in the
healthcare sector is likely to escalate the growth of ultrasonic sensor market.
However, availability of other substitute sensors may hamper the growth of
ultrasonic sensors market. Moreover, 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 the North America drives the growth of ultrasonic
sensors market in this region. Furthermore, steady growth of healthcare
industry is likely to contribute in the growth of ultrasonic sensor market. Moreover,
the growth matrix presented by Infinium Global Research identifies the key
investment markets in the near future, this will not only help the companies to
understand the competitive position in the global ultrasonic sensor market but
also make strategic decisions to capture the most lucrative markets in the near
future. The market size is presented in terms of value for the historic year
2016 and estimated for forecast period of 2018-2024.
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The recent report identified that North America dominated the
global ultrasonic sensor market over the last couple of years, while emerging
markets of Asia-Pacific and Latin America are anticipated to contribute
significantly to the growth in the ultrasonic sensor market worldwide.
The report segments the global ultrasonic sensor market on the
basis of Types, Application and End use indutries.
Global Ultrasonic Sensor Market by Types
Ultrasonic Proximity Sensors
Ultrasonic Through Beam Sensor
Ultrasonic Retro-reflective Sensor
Ultrasonic 2 Point Proximity Switches
Global Ultrasonic Sensor Market by Application
Liquid Level Measurement
Anti Collision Detection
Global Ultrasonic Sensor Market by End Use
Power And Gas & Oil
Medical And Healthcare
Companies Profiled in the Report
Rockwell Automation Inc.
Murata Manufacturing Co., Ltd.,
Honeywell International Inc.
Texas Instruments Incorporated
First Sensor AG
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