Ultrasonic Sensors Market by Type (Through Beam Sensors, Retro-Reflective Sensors, Proximity Sensors, and Others), Application (Distance Measurement, Level Measurement, Anti-collision Detection, Obstacle Detection, and Others), End-user (Healthcare, Automotive, Industrial, Aerospace & Defense, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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.
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According to the European Automobile Manufacturers Association, in 2022 around 85.4 million motor vehicles are manufactured all over the world, arise of 5.7% as compared to 2021.
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.
Attributes |
Details |
Report Title |
Ultrasonic Sensors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
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) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, MarketTrends, and Revenue Forecast |
Key Players Covered in the Report |
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. |
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.
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As per the recently published report, video games are expected to reach around USD 47.32 billion in 2023 and the number of users is projected to volume to 347.50m users by 2027.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ultrasonic Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ultrasonic Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ultrasonic Sensors Market - Supply Chain
4.5. Global Ultrasonic Sensors Market Forecast
4.5.1. Ultrasonic Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ultrasonic Sensors Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Ultrasonic Sensors Market Absolute $ Opportunity
5. Global Ultrasonic Sensors Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Ultrasonic Sensors Market Size and Volume Forecast by Types
5.3.1. Through Beam Sensors
5.3.2. Retro-Reflective Sensors
5.3.3. Proximity Sensors
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Ultrasonic Sensors Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Ultrasonic Sensors Market Size and Volume Forecast by Applications
6.3.1. Distance Measurement
6.3.2. Level Measurement
6.3.3. Anti-collision Detection
6.3.4. Obstacle Detection
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Ultrasonic Sensors Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Ultrasonic Sensors Market Size and Volume Forecast by End Users
7.3.1. Healthcare
7.3.2. Automotive
7.3.3. Industrial
7.3.4. Aerospace & Defense
7.3.5. Others
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Ultrasonic Sensors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ultrasonic Sensors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ultrasonic Sensors Demand Share Forecast, 2019-2026
9. North America Ultrasonic Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ultrasonic Sensors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ultrasonic Sensors Market Size and Volume Forecast by Types
9.4.1. Through Beam Sensors
9.4.2. Retro-Reflective Sensors
9.4.3. Proximity Sensors
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Ultrasonic Sensors Market Size and Volume Forecast by Applications
9.7.1. Distance Measurement
9.7.2. Level Measurement
9.7.3. Anti-collision Detection
9.7.4. Obstacle Detection
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Ultrasonic Sensors Market Size and Volume Forecast by End Users
9.10.1. Healthcare
9.10.2. Automotive
9.10.3. Industrial
9.10.4. Aerospace & Defense
9.10.5. Others
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Ultrasonic Sensors Demand Share Forecast, 2019-2026
10. Latin America Ultrasonic Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ultrasonic Sensors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ultrasonic Sensors Market Size and Volume Forecast by Types
10.4.1. Through Beam Sensors
10.4.2. Retro-Reflective Sensors
10.4.3. Proximity Sensors
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Ultrasonic Sensors Market Size and Volume Forecast by Applications
10.7.1. Distance Measurement
10.7.2. Level Measurement
10.7.3. Anti-collision Detection
10.7.4. Obstacle Detection
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Ultrasonic Sensors Market Size and Volume Forecast by End Users
10.10.1. Healthcare
10.10.2. Automotive
10.10.3. Industrial
10.10.4. Aerospace & Defense
10.10.5. Others
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Ultrasonic Sensors Demand Share Forecast, 2019-2026
11. Europe Ultrasonic Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ultrasonic Sensors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ultrasonic Sensors Market Size and Volume Forecast by Types
11.4.1. Through Beam Sensors
11.4.2. Retro-Reflective Sensors
11.4.3. Proximity Sensors
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Ultrasonic Sensors Market Size and Volume Forecast by Applications
11.7.1. Distance Measurement
11.7.2. Level Measurement
11.7.3. Anti-collision Detection
11.7.4. Obstacle Detection
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Ultrasonic Sensors Market Size and Volume Forecast by End Users
11.10.1. Healthcare
11.10.2. Automotive
11.10.3. Industrial
11.10.4. Aerospace & Defense
11.10.5. Others
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Ultrasonic Sensors Demand Share Forecast, 2019-2026
12. Asia Pacific Ultrasonic Sensors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ultrasonic Sensors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ultrasonic Sensors Market Size and Volume Forecast by Types
12.4.1. Through Beam Sensors
12.4.2. Retro-Reflective Sensors
12.4.3. Proximity Sensors
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Ultrasonic Sensors Market Size and Volume Forecast by Applications
12.7.1. Distance Measurement
12.7.2. Level Measurement
12.7.3. Anti-collision Detection
12.7.4. Obstacle Detection
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Ultrasonic Sensors Market Size and Volume Forecast by End Users
12.10.1. Healthcare
12.10.2. Automotive
12.10.3. Industrial
12.10.4. Aerospace & Defense
12.10.5. Others
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Ultrasonic Sensors Demand Share Forecast, 2019-2026
13. Middle East & Africa Ultrasonic Sensors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Ultrasonic Sensors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ultrasonic Sensors Market Size and Volume Forecast by Types
13.4.1. Through Beam Sensors
13.4.2. Retro-Reflective Sensors
13.4.3. Proximity Sensors
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Ultrasonic Sensors Market Size and Volume Forecast by Applications
13.7.1. Distance Measurement
13.7.2. Level Measurement
13.7.3. Anti-collision Detection
13.7.4. Obstacle Detection
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Ultrasonic Sensors Market Size and Volume Forecast by End Users
13.10.1. Healthcare
13.10.2. Automotive
13.10.3. Industrial
13.10.4. Aerospace & Defense
13.10.5. Others
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Ultrasonic Sensors Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Ultrasonic Sensors Market: Market Share Analysis
14.2. Ultrasonic Sensors Distributors and Customers
14.3. Ultrasonic Sensors Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. Texas Instruments Incorporated
14.4.2. TE Connectivity
14.4.3. TDK Corporation
14.4.4. Siemens
14.4.5. Schneider Electric
14.4.6. Rockwell Automation
14.4.7. Murata Manufacturing Co., Ltd.
14.4.8. KEYENCE CORPORATION
14.4.9. Honeywell International Inc.
14.4.10. Crest Ultrasonics Corp.
14.4.11. Blatek Industries, Inc.
14.4.12. Qualcomm Technologies, Inc
14.4.13. Balluff Automation India Pvt. Ltd.