Ultrasonic Sensor Market

29 Apr

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Ultrasonic Sensor Market Poised to Grow at a CAGR of 11.1% by 2024

  • By admin

  • January, 1970

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.

 

Get 15% discount for early purchase of global ultrasonic sensor market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1520

 

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

·         Distance Measurement

·         Object Detection

·         Liquid Level Measurement

·         Anti Collision Detection

·         Others

 

Global Ultrasonic Sensor Market by End Use Indutries         

·         Automotive

·         Power And Gas & Oil

·         Medical And Healthcare

·         Chemical

·         Agriculture

·         Construction

·         Others

 

Companies Profiled in the Report

·         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   

·         Others

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.