Ultrasonic Sensors Market: Through-Beam Segment Is Anticipated To Register A High CAGR Over The Forecast Period

 Ultrasonic Sensors Industry Overview

The global ultrasonic sensors market size is expected to reach USD 6.00 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.6% from 2021 to 2027. The increasing adoption of ultrasonic sensors in automobiles for applications such as parking assistance systems and Automated Driver Assistance Systems (ADAS) is expected to emerge as a major factor influencing the market growth. The increasing demand for ultrasonic sensors in factory automation is expected to provide lucrative opportunities to market players.

Ultrasonic sensors are extensively used in the Unusual Motion Detection (UMD) technology that continuously monitors a scene and detects and marks unusual events. Furthermore, vast advancements in ultrasonic sensors such as the usage of matched filters have made them more accurate and more suitable for use in flow measurement by utility companies. Rising demand across these applications is expected to drive market growth over the forecast period.

Emerging applications of ultrasonic sensors in waste management, such as the determination of the amount of material remaining in a bin, are also expected to favor market growth over the forecast period. Furthermore, increasing the adoption of these systems in the detection of cracks in railway tracks is expected to further propel the market growth. The market is also likely to benefit from the increasing usage of these systems in predictive maintenance for monitoring the friction and stress in rotating machinery drives.

 

As these systems are sensitive to high-frequency sound, they are often used for detecting distinctive sounds in the upper ultrasonic range emitted from machine friction and stress. The mounting number of COVID-19 cases globally has put health-related sources under immense pressure; as surgeons try to avoid the risk of exposing patients to possible COVID-19 infection during hospitalization, there has been a notable decrease in the number of surgeries globally. As a result, the demand for these systems across surgical applications has significantly lowered.

Nevertheless, the increasing demand for these systems in the measurement of wind speeds is expected to significantly impact market growth. Furthermore, there has been a notable increase in the adoption of these systems in the aerospace & defense sector for measuring fuel consumption and evaluating the performance of hydraulic fluids and lubricants. Moreover, several military organizations, including the U.S. Army Research Laboratory (ARL) and North Atlantic Treaty Organization (NATO), are emphasizing the development of ultrasonic sensors for the aerospace & defense sector. For instance, in May 2018, ARL and NATO established a partnership for the development of ultrasonic sensors that could be used in the aerospace & defense sector for applications such as navigation, target detection, and missile detection.

 

Ultrasonic Sensors Market Segmentation

Grand View Research has segmented the global ultrasonic sensor market based on technology, type, end-use, and region:

Based on the Technology Insights, the market is segmented into Retro-reflective Sensor, Through-beam Sensor, and Others.

  • The retro-reflective segment accounted for the 40% market share in 2020. This can be attributed to the advantages provided by these sensors, including reduced maintenance costs, installation costs, and reliability in detecting transparent objects. 

 

  • The through-beam segment is anticipated to register a high CAGR over the forecast period. This can be attributed to the increasing usage of these sensors in fill-level measurement applications in transparent containers. Furthermore, these sensors are extensively used in water & wastewater treatment plants for measuring the turbidity of water.

 

Based on the Type Insights, the market is segmented into Level Measurement, Distance Measurement, Obstacle Detection, and Others.

  • The obstacle detection segment accounted for over 10% of the market share in 2020 owing to the increasing usage of these systems in collision avoidance systems of automobiles. Stringent government policies and regulations related to the installation of vehicle safety features such as collision avoidance systems and airbags have further fueled the growth prospects of the segment.

 

  • The level measurement segment is anticipated to register a promising CAGR owing to the increasing demand for level sensors for continuous level monitoring in oil and gas, food and beverage, and water and wastewater infrastructure. The rising usage of level sensors for monitoring storage units and downstream processing plants has positively impacted demand across the oil and gas sector.

 

Based on the End-use Insights, the market is segmented into Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Industrial, and Others.

  • The automotive segment accounted for a 15% share of the market in 2020. In the automotive industry, ultrasonic sensors are widely used in applications such as parking assistance and collision avoidance. Moreover, several companies, such as Pepperl+Fuchs GmbH, Omron Corporation, and Texas Instruments Incorporated, are focusing on the development of interfaces for these systems specific to automotive applications.

  • The healthcare segment is projected to register the highest CAGR over the forecast period, thanks to the rising demand for ultrasonography and ultrasonic scanning. Ultrasonic scanning uses ultrasonic waves to produce images of internal organs and tissues.

 

Ultrasonic Sensors Region Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Some of the key players operating in the market are Balluff Inc.; Banner Engineering Corp.; Baumer; Hans Turck GmbH & Co. KG; Ifm electronic GmbH; Murata Manufacturing Co., Ltd.; Omron Corporation; Pepperl+Fuchs GmbH; SICK AG; and Siemens. Extensive investments in R&D activities have enabled these companies to stay competitive in the market by developing new products. For instance, in August 2019, Pepperl+Fuchs GmbH launched the UB and UC range of ultrasonic sensors for multiple applications. Additionally, these sensors feature high noise immunity and multiplex capability.

Several other players are emphasizing partnerships, mergers, and acquisitions for staying competitive in the market. For instance, in December 2017, Omron Corporation completed the acquisition of Microscan Systems, Inc., a developer of ultrasonic sensors for consumer electronics applications. Furthermore, companies are focusing on the expansion of their production capacities via the development of new production facilities. For instance, in October 2019, Baumer opened a new production facility in North Macedonia, Balkans. The factory was aimed at ensuring quick deliveries to customers across Europe. Some of the prominent players in the ultrasonic sensors market include:

  • Balluff Inc.
  • Banner Engineering Corp.
  • Baumer
  • Hans Turck GmbH & Co. KG
  • Ifm electronic GmbH
  • Murata Manufacturing Co., Ltd.
  • Pepperl+Fuchs GmbH
  • SICK AG
  • Siemens

 

Order a free sample PDF of the Ultrasonic Sensors Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

 

Comments

Post a Comment

Popular posts from this blog

Global Outlook for Odometer Sensor Industry; Market Research Report 2021

Odometer Sensor Report by Material, Application, and Geography - Global Forecast to 2021 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom,Japan, South Korea and China). In this report, the global Odometer Sensor market is valued at USD XX million in 2017 and is projected to reach USD XX million by the end of 2021, growing at a CAGR of XX% during the period 2017 to 2021. Download Free Sample Report @ https://www.radiantinsights.com/research/global-odometer-sensor-market-report-and-forecast-to-2021/request-sample The report firstly introduced the Odometer Sensor basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including
Read more

Global Pressure Sensor Market: Industry Insights, Top Key Players Analysis, Business Strategies and Trend Evaluation Forecast by 2016-2021

A pressure sensor measures pressure, typically of gases or liquids. Pressure is an expression of the force required to stop a fluid from expanding, and is usually stated in terms of force per unit area. A pressure sensor usually acts as a transducer; it generates a signal as a function of the pressure imposed. For the purposes of this article, such a signal is electrical. Download Free Sample Report @ https://www.radiantinsights.com/research/global-pressure-sensor-market-outlook-2016-2021/request-sample This report provides detailed analysis of worldwide markets for Pressure Sensor from 2011-2015 and provides extensive market forecasts 2016-2021 by region/country and subsectors. It covers the key technological and market trends in the Pressure Sensor market and further lays out an analysis of the factors influencing the supply/demand for Pressure Sensor, and the opportunities/challenges faced by industry participants. It also acts as an essential tool to companies active across th
Read more

Innovations and Trends in the Window Treatment Market

  Window Treatment Industry Data Book | Forecast 2030 Window Treatment Industry Data Book - Blinds & Shades, Curtains and Shutters Market Grand View Research’s window treatment industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.   Access the Global Window Treatment Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies   Blinds And Shades Market Report Highlights North America is expected t
Read more