The global Ultrasonic Sensors market is expected to grow at a moderate rate during the forecast period. Factors such as a steady increase in medical applications, consistency, cost-effectiveness, adaptable functionality, and evolving solutions in varied industrial applications are contributing to the growth of this market across the globe.
Moreover, increasing demand of ultrasonic sensors in healthcare sector is likely to boost market growth significantly. The ultrasonic sensors has numerous application echocardiograms and echo graphs. However, limitation of ultrasonic sensors are likely to restrain the market growth.
Covid-19 Impact on Ultrasonic Sensors Market:
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industry. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the growth of the overall sector. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Ultrasonic Sensors Market Segment Overview
Based on type, the market is segmented into Through-beam Sensor, Retro-reflective Sensor and Others. The Retro-reflective Sensor segment dominated the global market in 2020, and also expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed due to rising adoption in automotive applications.
Based on application, the market is segmented into Distance Measurement, Level Measurement, Obstacle Detection, and Others. The Obstacle Detection segment accounted for over 11% the global market in 2020 and also expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed due to the increasing usage of these systems in collision avoidance systems of automobiles.
Based on Industry Vertical, the global Ultrasonic Sensors market is segmented into Consumer Electronics, Healthcare, Automotive, Aerospace & Defense, and Others. The Aerospace & defense segment dominated the global market in 2020 however, the consumer electronics segment is expected to grow at the highest CAGR during the forecast period.
Market Analysis, Insights, and Forecast – By Type
· Through-beam Sensor
· Retro-reflective Sensor
· Others
Market Analysis, Insights, and Forecast – By Application
· Distance Measurement
· Level Measurement
· Obstacle Detection
· Others
Market Analysis, Insights and Forecast – By Industry Vertical
· Consumer Electronics
· Healthcare
· Automotive
· Aerospace & Defense
· Others
Ultrasonic Sensors Market Regional Overview
Region-wise, North America dominated the global Ultrasonic Sensors market due to presence of several automotive and manufacturing giants. However, Asia-Pacific market is anticipated to foresee significant growth and projected to be one of the fastest-growing regions in the global market. The CAGR id also driven by driven by rising government efforts to fuel the manufacturing sector in China, South Korea, India, Japan, among others.
Ultrasonic Sensors Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Ultrasonic Sensors Market Competitor overview
Some key developments and strategies adopted by manufacturers in Ultrasonic Sensors are highlighted below.
· In Feb 2020 Robert Bosch GmbH invested USD 20 million in UltraSense system which is a start-up in San Jose, California, for the 3D ultrasonic sensor developed to detect touch through any type of material and thickness virtually to turn surfaces into intersurfaces.
Ultrasonic Sensors Market, Key Players
· Robert Bosch GmbH
· Omron Corporation
· HELLA GmbH & Co. KGaA
· Migatron Corporation
· Baumer Ltd
· Rockwell Automation Inc.
· Balluff Inc.
· Schneider Electric SE
· Datalogic S.p.A.
· TE Connectivity Ltd
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Ultrasonic Sensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Through-beam Sensor
- 5.2.2. Retro-reflective Sensor
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Distance Measurement
- 5.3.2. Level Measurement
- 5.3.3. Obstacle Detection
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 5.4.1. Consumer Electronics
- 5.4.2. Healthcare
- 5.4.3. Automotive
- 5.4.4. Aerospace & Defense
- 5.4.5. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Ultrasonic Sensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Through-beam Sensor
- 6.2.2. Retro-reflective Sensor
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Distance Measurement
- 6.3.2. Level Measurement
- 6.3.3. Obstacle Detection
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 6.4.1. Consumer Electronics
- 6.4.2. Healthcare
- 6.4.3. Automotive
- 6.4.4. Aerospace & Defense
- 6.4.5. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Ultrasonic Sensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Through-beam Sensor
- 7.2.2. Retro-reflective Sensor
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Distance Measurement
- 7.3.2. Level Measurement
- 7.3.3. Obstacle Detection
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 7.4.1. Consumer Electronics
- 7.4.2. Healthcare
- 7.4.3. Automotive
- 7.4.4. Aerospace & Defense
- 7.4.5. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Ultrasonic Sensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Through-beam Sensor
- 8.2.2. Retro-reflective Sensor
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Distance Measurement
- 8.3.2. Level Measurement
- 8.3.3. Obstacle Detection
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 8.4.1. Consumer Electronics
- 8.4.2. Healthcare
- 8.4.3. Automotive
- 8.4.4. Aerospace & Defense
- 8.4.5. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Ultrasonic Sensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Through-beam Sensor
- 9.2.2. Retro-reflective Sensor
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Distance Measurement
- 9.3.2. Level Measurement
- 9.3.3. Obstacle Detection
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 9.4.1. Consumer Electronics
- 9.4.2. Healthcare
- 9.4.3. Automotive
- 9.4.4. Aerospace & Defense
- 9.4.5. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2020
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Robert Bosch GmbH
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Omron Corporation
- 10.6. HELLA GmbH & Co. KGaA
- 10.7. Migatron Corporation
- 10.8. Baumer Ltd
- 10.9. Rockwell Automation Inc.
- 10.10. Balluff Inc.
- 10.11. Schneider Electric SE
- 10.12. Datalogic S.p.A.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
