Ultrasonic Sensor Market Size To Reach $ 10.43 Billion By 2028, Automotive Segment To Secure Its Leading Position
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PORTLAND, OREGON, UNITED STATES, November 23, 2021 /EINPresswire.com/ – An ultrasonic sensor works on principles similar to those of a radar system. An ultrasonic sensor translates electrical energy into acoustic waves and vice versa. A microcontroller is used for communication, which sends a trigger signal to the ultrasonic sensor. Typically, the duty cycle of this trigger signal is 10 µS. An ultrasonic sensor produces bursts of ultrasonic waves and starts a timer. When an echo signal is received, the timer stops. The output of the ultrasonic sensor is a high pulse with a duration similar to the alteration of the time between the transmitted ultrasonic bursts and the received echo signal.
Allied Market Research published a report titled “Ultrasonic Sensors Market by product type (proximity detection and range measurement), application (level monitoring, anti-collision detection, distance measurement, object detection, loop control, robotic detection and others), end user (automotive, industrial , Consumer Electronics, Healthcare, Food & Beverage, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2028. According to a report, the global ultrasonic sensor market size was valued at $ 4.90 billion in 2020 and is expected to reach $ 10.43 billion by 2028, registering a CAGR of 11.10%. The Asia-Pacific region is expected to be the major contributor to the growth of the global market during the forecast period, followed by North America and Europe.
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The global ultrasonic sensors market is expected to witness significant growth during the forecast period. Factors such as the increasing use of ultrasonic sensors for object detection, pallet detection, and distance measurement across many industries are driving the growth of the ultrasonic sensors market. The product is also widely used in the food and beverage industry for various purposes such as material handling, processing and hygiene detection. However, the limitation of ultrasonic sensors such as limited detection range is a major constraint for the global ultrasonic sensor market. In addition, the growing demand from the healthcare industry for many applications, such as echocardiograms and ultrasound machines, is expected to create opportunities for the ultrasound sensor industry.
The report offers a detailed analysis of changing market dynamics, key segments, competitive landscape, value chain, major investment pockets and major investment feasibility. These data and statistics are useful for Ultrasonic Sensors market players, startups, stakeholders, and investors to gain useful insights and insights into the market and to adopt necessary strategies.
The report offers a detailed analysis of the major market players operating in the global Ultrasonic Sensors market. The major players analyzed in the report are Balluff GmbH, Banner Engineering Corp., Baumer Group, Hans Turck GmbH & Co. KG (Turck), Honeywell International Inc., Murata Manufacturing Co., Ltd, OMRON Corporation, Pepperl + Fuchs SE, Rockwell Automation, Inc. and Sick AG.
They have adopted various strategies such as new product launches, mergers and acquisitions, joint ventures, partnerships, expansion, collaborations and others to achieve sustainable growth and competitive advantage in international markets.
The research offers an in-depth analysis of the drivers, restraints, and opportunities of the global Ultrasonic Sensors Market. This information is useful in determining the driving forces, harnessing them and taking the necessary actions to achieve growth. In addition, market players, investors and new entrants can exploit new opportunities, explore market potential and gain competitive advantage.
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The report offers detailed segmentation of the global ultrasonic sensors market on the basis of type, applications, end users, and region. A detailed analysis of each segment and sub-segment is offered in the research using a tabular and graphical representation. This analysis is useful for determining which segments generate the most revenue and the fastest growth and for determining strategies for achieving sustainable growth.
The research provides a complete competitive scenario of each region of the Global Ultrasonic Sensors Market. The regions covered in the study include North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa). This information is useful for designing strategies and exploiting new opportunities in new markets. AMR also offers customization services for a particular region and segment on demand.
Main benefits for stakeholders
• This study includes an analytical description of the global Ultrasonic Sensors market size along with current global Ultrasonic Sensors market trends and future estimates to describe impending pockets of investment.
• The global ultrasonic sensor market analysis is determined to understand profitable trends to gain a stronger foothold.
• The report presents information related to the main drivers, constraints and opportunities with a detailed impact analysis.
• Ultrasonic Sensors market forecast is analyzed quantitatively from 2021 to 2028 to compare financial skills.
• Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the marketplace.
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Key market segments
By product type
• Proximity detection
• Range measurement
By application
• Level monitoring
• Anti-collision detection
• Distance measurement
• Object detection
• Loop control
• Robotic detection
• Others
By end user
• Automotive
• Industrial
• Consumer electronics
• Health care
• Food and drinks
• Aerospace and Defense
• Others
By region
• North America
o United States
o Canada
o Mexico
• Europe
o Germany
France
UK
Italy
o Russia
o Rest of Europe
• Asia Pacific
o China
Japan
India
o South Korea
o Australia and New Zealand
o Rest of Asia-Pacific
• LAMEA
Latin America
Middle East
Africa
About Us
Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of market research reports and business intelligence solutions. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
David Corréa
Allied analytics srl
[email protected]
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