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Global Ultrasonic Sensors Market is Estimated to Reach $1,835 Million by 2025, Says Accurize Market

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Global ultrasonic sensors market report published by Accurize Market Research forecast that the global market is expected to reach $1,835 Million by 2025; growing at a CAGR of 17.6% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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The upsurge in demand from healthcare and pulp & paper industry across the globe to drive the growth of the market

Need for advanced features in vehicles, rise in demand from healthcare and pulp & paper industry fuel the demand for the global ultrasonic sensors market. Moreover, increasing the popularity of wearable medical devices and increasing the need for automation across various industries also boost the growth of the market.

Market Segmentation

The global ultrasonic sensors market has been bifurcated on the basis of type, application, industry, and geography. The type segment is categorized as ultrasonic through-beam sensors, ultrasonic proximity sensors, ultrasonic reflective sensors, and ultrasonic 2 point proximity switches. Further, the applications segment includes distance measurement, anti-collision detection, liquid level measurement, object detection, pallet detection, and others. The industry is further categorized into food & beverages, automotive, chemicals, healthcare, aerospace & defense, oil & gas, agriculture, pulp & paper, material handling, construction, and others.

By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers the U.K., Germany, France, Italy, and others. Asia-Pacific covers China, South Korea, Japan, and others. Rest of the World (RoW) covers South America, the Middle East, and Africa.

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 “Ultrasonic proximity sensors accounted for the largest market share in the type segment”, says Accurize

By type, the ultrasonic proximity sensors segment accounted for the largest market share in 2017whereas ultrasonic through-beam sensors are expected to dominate the market with the highest CAGR during the forecast period 2017-2025. Liquid level measurement accounted for the highest market share in 2017.

“Pulp and paper industry accounted for the largest market share in the industry segment”, says Accurize

By industry segment, pulp and paper industry are expected to dominate the industry segment during the forecast period 2017-2025, owing to its ability to analyze their mechanical properties to determine the quality of the paper.

“Europe dominated the global market with the highest market share over the forecast period”, says Accurize

In 2017, Europe accounted for the largest share of the market, owing to the rising need for intelligent parking assist systems and the enhancement of new car safety assessment standards. Asia Pacific is anticipated to dominate the market with the fastest CAGR during the forecast period, owing to the increase in production, automation and decreasing prices of sensor components.

Top players in the market

The key market players include Rockwell Automation, Inc., Toshiba America Medical Systems, Inc., OMRON Corporation, Murata Manufacturing Co., Ltd., Honeywell International Inc., GE Healthcare, Ltd., Branson Ultrasonic Corp., APC International Ltd., Siemens Ag, and Pepperl+Fuchs GmbH among others.

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