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.

 

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Grand View Research, Inc.

Phone: 1-415-349-0058

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