The global ultrasonic sensors market size was valued at USD 3.7 Billion in 2022 and is likely to reach USD 8 Billion by 2031, expanding at a CAGR of 9.4% during the forecast period, 2023–2031. The market growth is attributed to the increasing applications of these sensors in healthcare and the automotive industry.
High demand for ultrasonic sensors in the automotive and healthcare sectors is expected to fuel the market. These sensors have several applications in the automotive industry such as safety alarms, object detection, parking assistance, collision avoidance, and automatic barking system. They are widely used in situations with low visibility of objects during changeable weather. The rising demand for vehicles with next-generation technology and sensors is projected to propel the ultrasonic sensors market.
Ultrasonic sensors are used in healthcare to detect diseases and bone defects. Rising prevalence of chronic diseases and injuries to joints, muscles, tendons, and internal organs is expected to boost the demand for these sensors. Further, the growing use of medical and smart wearable devices, and the combination of technology for heart rate monitoring, pressure sensors, and temperature sensing is expected to boost the market.
The market report finds that the COVID-19 pandemic has affected the market, owing to the strict lockdown imposed by the governments. Several key players have faced problems in delivering systems, during the pandemic which affected their sales and revenues. The expanding usage of unmanned aerial vehicles for applications such as delivering essential products and activity monitoring propelled the market during and post the pandemic.
With the growing implementation of safety measures, several government authorities are emphasizing the usage of unmanned aerial vehicles for sterilizing railway stations, hospitals, and bus stops, whichis expected to drive the market in the coming years.
Impact of Artificial Intelligence on Ultrasonic Sensors Market
Artificial Intelligence is expected to propel the ultrasonic sensors market in the coming years. Several sensors aid AI robots to identify an object, detecting its size, and determining its distance. Machine learning (ML) is an application of AI, for which applications are expanding in different industries.
In the future, ML and ultrasonic sensors are likely tobe able to monitor more complex assets, possibly saving thousands of hours in downtime and completely improving maintenance routines.
Integration of AI technology with ultrasonic sensors has significant scope in the medical industry, especially in the treatment and medical observation of pregnant women. AI systems provide quick reading of complex images including MRIs and CT scans.
Automated image diagnosis systems enable doctors to get better and speedier performance, leading to improved diagnosis of disease. These factors are likely to have a considerable impact on the market.
Ultrasonic Sensors Market Dynamics
Major Drivers
Increasing demand for ultrasonic sensors in medical applications is expected to boost the market. Ultrasonic sensor systems adoption is increasing in the medical sector, as it is a risk-free alternative to radiography solutions and a substitute for piezoelectric sensors. These systems can picture the internal condition of the human body without any damage. It is used for treating pregnant women to observe the growth of the fetus and its health condition.
Rising demand for semi-autonomous vehicles is expected to boost the ultrasonic sensors market. These sensors are a key part of advanced driver assistance systems (ADAS). They are applicable in detecting blind spots and self-parking. While the car is in reverse gear or moving slowly, these sensors alert the driver about the obstacles in front or behind the car.
Such growing integration of sensor technology for improving driving and car-using experience is fueling the application of ultrasonic sensors in the automotive industry. Growing demand for autonomous mobile robots is anticipated to drive the ultrasonic sensors market.
Increasing technological advancements and the rising emphasis on improving operational capacity, efficiency, and production outputare driving the demand for ultrasonic sensors ystems.This system is integrated into autonomous mobile robots (AMRs) to detect obstacles and determine the distance between two objects. Applications of such robots in various industrial sectors for transportation and logistics are likely to support the market in the coming years.
Existing Restraints
Concerns over the limited detection range of sensors are expected to hamper the ultrasonic sensors market. These sensors have a maximum range of 10 meters and the speed of ultrasonic wavesreduces up to 20,000 Hz, especially while traveling long distances, which results in audible waves. The humidity and the ambient temperature affect the detection range of the ultrasonic signal, which limits their applications and can hamper the market.
Emerging Opportunities
Increasing research and development activities for the deployment of ultrasonic sensors in different industrial applications is expected to create lucrative opportunities for the market players. Several researchers aim to improve the efficiency of these sensors for smartphones, electric vehicles, and other battery products, which is likely to boost the market in the coming years. For instance,
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On November 20, 2020, a European project called “Spartacus” was launched. This project aims to provide fast charging and long stability of performance, not only for electric vehicles (EVs) but also for smartphones and other battery products. Spartacus aims to lessen the charging time by up to 20%, without negotiating battery reliability and service life, by using advanced sensors and cell management systems.
Scope of Ultrasonic Sensors Market Report
The market report includes an assessment of the market trends, marketsegments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Ultrasonic Sensors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Through Beam Sensors, Retro-Reflective Sensors, Proximity Sensors, and Others), Application (Distance Measurement, Level Measurement, Anti-collision Detection, Obstacle Detection,and Others), and End-user (Healthcare, Automotive, Industrial, Aerospace & Defense, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, MarketTrends, and Revenue Forecast
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Key Players Covered in the Report
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Texas Instruments Incorporated; TE Connectivity; TDK Corporation; Siemens; Schneider Electric; Rockwell Automation; Murata Manufacturing Co., Ltd.; KEYENCE CORPORATION; Honeywell International Inc.; Crest Ultrasonics Corp.; Blatek Industries, Inc.; Qualcomm Technologies, Inc; and Balluff Automation India Pvt. Ltd.
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Ultrasonic Sensors Market Segment Insights
Type Segment Analysis
Based on type, the ultrasonic sensors market is divided into through beam sensors, retro-reflective sensors, proximity sensors, and others. The retro-reflective sensors segment is expected to expand at a significant pace during the projection period, due to the several benefits offered by these sensors, including reliability in identifying transparent objects and low installation and maintenance costs.
The retro-reflective sensor is similar to proximity sensors. Retro-reflective sensor is a photoelectric sensor, that uses the disruption of a reflected light beam to detect objects. Several market key players are focusing on partnerships for the development of retro-reflective sensors.
The through beam sensors segment is anticipated to hold a key share of the market in the coming years, owing to the increasing usage of through beam sensor devices in fill-level measurements in transparent containers.
The applications of through beam sensors are increasing in several end-user industries such as aerospace, automotive, healthcare, and others. In these sectors, these sensors are used for precise and reliable object detection and positioning.
Application Segment Analysis
On the basis of capacity, the global market is segregated into distance measurement, level measurement, anti-collision detection, obstacle detection, and others. The obstacle detection segment is projected to register a considerable CAGR during the forecast period, due to the increasing usage of systems in collision avoidance in automobiles.
This system uses ultrasonic sensors that are mounted on both the front and rear bumpers. These sensors measure the distance between the car and surrounding blocks directly around the front or rear bumpers.
The level measurement segment is projected to account for a key market share in the coming years, due to the growing demand for level sensors for constant level monitoring in food & beverage, oil & gas, water & wastewater infrastructure, and others. The level sensors are commonly used for storage units and downstream processing plants, which streamlines several measurement applications in the oil and gas industry.
End-user Segment Analysis
Based on end-user, the ultrasonic sensors market is segmented into healthcare, automotive, industrial, aerospace & defense, and others. The automotive segment is expected to register a robust growth rate during the forecast period, as it is widely used in parking assistance and collision avoidance.
Several market players are focusing on the development of systems in automotive applications, which is increasing the usage of ultrasonic sensors in the industry.
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On January 26, 2023, Murata Manufacturing Co., Ltd., announced a new ultrasonic sensor device planned for development in automotive applications. The MA48CF15-7N is placedin a hermetically-sealed package to keep it safe against liquid ingress, with rapid responsiveness and high sensitivity.
The healthcare segment is projected to hold a large market share in the coming years, due to the increasing demand for ultrasonic scanning and ultrasonography. Ultrasonic scanning systems are utilized for precise and automatic data retrieval and emission into images. It uses high-frequency sound waves to make an image of an individual's internal body structures.
Demand for ultrasonic sensors is increasing in ultrasonic surgical instruments, which is expected to boost the segment in the market. Ultrasonic surgical instruments convert an ultrasonic signal into a mechanical vibration, with the help of these sensors.
Regional Analysis
In terms of region, the global ultrasonic sensors market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the increasing demand for consumer electronics and automotive products and high demand for factory automation in the manufacturing sector.
Rising applications of sensors in the industrial sector such as level measurement and distance measurement are expected to drive the market in the region. Further, the boost in investments inresearch & development activities for the development of advanced technologies using ultrasonic sensors is expected to support the market. Growing demand for eco-friendly and energy-efficient products is also anticipated to boost the market in the region.
The market in Europe is anticipated to expand at a rapid pace in the coming years, due to the high demand for minimally invasive surgeries. Ultrasonic sensors enable surgeons to operate with high precision in minimally invasive surgical procedures.
In European countries such as Germany and France, ultrasonic sensor systems are widely used for video game networks and augmented and virtual reality headsets, which further propels their demand in the region’s market.
Segments
The global ultrasonicsensors market has been segmented on the basis of
Type
- Through Beam Sensors
- Retro-Reflective Sensors
- Proximity Sensors
- Others
Application
- Distance Measurement
- Level Measurement
- Anti-collision Detection
- Obstacle Detection
- Others
End-user
- Healthcare
- Automotive
- Industrial
- Aerospace & Defense
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Texas Instruments Incorporated
- TE Connectivity
- TDK Corporation
- Siemens
- Schneider Electric
- Rockwell Automation
- Murata Manufacturing Co., Ltd.
- KEYENCE CORPORATION
- Honeywell International Inc.
- Crest Ultrasonics Corp.
- Blatek Industries, Inc.
- Qualcomm Technologies, Inc
- Balluff Automation India Pvt. Ltd.
Competitive Landscape
Key players competing in the global ultrasonic sensors market are Texas Instruments Incorporated; TE Connectivity; TDK Corporation; Siemens; Schneider Electric; Rockwell Automation; Murata Manufacturing Co., Ltd.; KEYENCE CORPORATION; Honeywell International Inc.; Crest Ultrasonics Corp.; Blatek Industries, Inc.; Qualcomm Technologies, Inc; and Balluff Automation India Pvt. Ltd.
These key players adopt various strategies including mergers, acquisitions, collaboration, partnerships, product launches, and production expansion to expand their consumer base globally.
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In December 2022, Shenzhen Dianyingpu Technology Co., Ltd. launched DS1603, a non-contact ultrasonic level sensor. This sensor uses the concept of reflection of ultrasonic waves in liquid to identify the height of the liquid.
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In January 2021, Qualcomm Technologies, Inc launched Qualcomm 3D Sonic Sensor Gen2. It provides a better experience by using technological developments and acoustics to scan 3D features such as valleys, ridges, and others.
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