Global Ultrasonic Technologies Market Size Study & Forecast, By Application (Welding, Cleaning, Inspections, Others) By End-user Industry (Food & Beverage, Automotive, Healthcare, Others) By Sales Type (New Equipment Sales, Aftermarket Sales) and Regional

Global Ultrasonic Technologies Market Size Study & Forecast, By Application (Welding, Cleaning, Inspections, Others) By End-user Industry (Food & Beverage, Automotive, Healthcare, Others) By Sales Type (New Equipment Sales, Aftermarket Sales) and Regional Analysis, 2023-2030

Global Ultrasonic Technologies Market is valued at approximately USD 1662.78 million in 2022 and is anticipated to grow with a healthy growth rate of more than 10.9% over the forecast period 2023-2030. Ultrasonic Technologies refers to a broad category of technologies and applications that involve the use of ultrasonic waves. Ultrasonic waves are sound waves with frequencies higher than the upper limit of human hearing, typically above 20,000 hertz. Ultrasonic technologies find various applications in different industries due to their unique properties, including high-frequency vibrations and the ability to propagate through solids, liquids, and gases. The Ultrasonic Technologies market is expanding because of factors such as increasing demand for advanced driver assistance systems and the rising demand for industrial robotics. As a result, the demand for Ultrasonic Technologies has progressively increased in the global market during the forecast period 2023-2030.

Ultrasonic sensors are critical components of ADAS, particularly in collision avoidance systems. These sensors identify obstructions using ultrasonic waves and alert drivers with warnings or, in some circumstances, automated braking to avoid collisions. According to Statista, the global market for advanced driver assistance systems accounted for USD 27.29 billion in 2020 and is projected to reach up to USD 58.59 billion by the year 2028. Furthermore, governments and regulatory bodies are increasingly emphasizing the importance of safety features in vehicles. This has led to the implementation of regulations that encourage or mandate the incorporation of ADAS in vehicles. Another important factor that drives the Ultrasonic Technologies market is the increasing number of industrial robotics. Industrial robots equipped with ultrasonic sensors and actuators can perform tasks with a high level of precision and accuracy. Ultrasonic technologies allow robots to sense and adapt to variations in materials and conditions, ensuring consistent and reliable results in manufacturing processes. In addition, as per Statista, the Industrial Robotics Market is projected to reach approx. USD 9.31 billion by the year-end of 2024. Moreover, the rising focus on developing portable and handheld ultrasonic devices and advancements related to ultrasonic technologies is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high cost of ultrasonic devices and lack of operational expertise are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Ultrasonic Technologies Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the number of industrial robotics and expanding healthcare sector in the region. Ultrasonic technologies play a crucial role in medical imaging, such as ultrasound scans. With the expansion of the healthcare sector, there is an increased demand for advanced diagnostic tools. Ultrasonic imaging is non-invasive and provides real-time imaging, making it a preferred choice for various medical applications, including obstetrics, cardiology, and musculoskeletal imaging. The region’s dominant performance is anticipated to propel the overall demand for Ultrasonic Technologies. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as the upgradation of medical facilities in the region. Upgraded medical facilities often incorporate advanced imaging technologies, including ultrasonic devices. This allows for more accurate and detailed diagnostic procedures, contributing to better patient care and outcomes.

Major market players included in this report are:
Sonotronic Nagel GmbH
Advanced Sonics, LLC
DPR Ultrasonic Technologies
MS Industrie AG
Ultrasonic Technologies, Inc.
Mosca GmbH
Emerson Electric Co.
Crest Ultrasonics Corp.
International Ultrasonic Technologies
Telsonic AG

Recent Developments in the Market:
 In August 2023, GE HealthCare launched Vscan Air SL, a handheld, wireless ultrasound imaging system designed for quick cardiac and vascular assessments at the point of care, allowing physicians to accelerate diagnoses and treatment decisions. The latest addition to the Vscan product line, Vscan Air SL, incorporates GE HealthCare's proprietary SignalMax and XDclear technologies, which deliver high levels of penetration, resolution, and sensitivity in imaging performance with an industry-leading single crystal transducer technology.

Global Ultrasonic Technologies Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Application, End-user Industry, Sales Type, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Application
Welding
Cleaning
Inspections
Others

By End-user Industry
Food & Beverage
Automotive
Healthcare
Others

By Sales Type
New Equipment Sales
Aftermarket Sales

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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