Ultrasonic Sensor Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Ultrasonic Sensor Market
The ultrasonic sensor market size was valued at USD 5.18 billion in 2023, and the market is now projected to grow from USD 5.75 billion in 2024 to USD 15.59 billion by 2032, exhibiting a CAGR of 13.3% during the forecast period of 2024-2032.
COVID- 19 pandemic has tremendously affected the complete world. The rise in hospitalization costs, COVID-19 related deceases, lockdowns, and social distancing measures is mostly ascribed to the severe execution of these lockdowns and social isolation rules. Moreover, the demand for sensors is growing, mainly for use in cleansing bands. These bands are furnished with integrated UV light and proximity sensors which identify when a consumer's hand is close to an object and robotically disinfect it using an alcohol-based spray and UV light.
Ultrasonic sensors are operated across numerous sectors. In the health sector, they are used for ultrasonography. In the automotive industry, they play a role in sign recognition and car park support systems. Moreover, they are employed in thumbprint sensors, smart homes, smart robots, and consumer electronics. In industrial applications, ultrasonic sensors are used for harmless testing and automation tasks such as size, movement, and width estimations. Such wide-ranging uses of these sensors are estimated to enlarge the development worldwide which surges the ultrasonic sensor market growth.
The constant progressions in these products, combined with their integration for data collection, are projected to generate substantial business opportunities in the market during the projection period. These devices have sparked remarkable innovations, particularly when equipped with web capabilities, enabling powerful monitoring solutions through network-enabled gadgets.
Comprehensive Analysis of Ultrasonic Sensor Market
The market can be segmented in various ways depending on the focus of study such as by type, by industry and by application. Based on the application, the market is segmented into tank level monitoring, distance measurement, object detection, collision avoidance, and others. By type, the market is segmented into proximity detection, through-beam sensors, and retro-reflective sensors. Based on the industry, the market is segmented automotive, healthcare, industrial automation, consumer electronics, aerospace & defense, and others.
Asia Pacific region is dominating the ultrasonic sensor market share due to rising automotive industry and the growing demand for safety and advanced security systems. The growing investments in investigation and improvement activities for the development of advanced ultrasonic sensors and the growing demand for energy-efficient and biodegradable products are also motivating the growth of the market
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include Rockwell Automation, Inc. (U.S.), Ballauff Automation India Pvt. Ltd. (India), Banner Engineering Corp. (U.S.), Baumer (Switzerland), Hans Turck Gmbh & Co. KG (U.S.), Honeywell International Inc. (U.S.), Murata Manufacturing Co. Ltd. (Japan), Omron Corporation (Japan), Pepperl + Fuchs Pvt. Ltd. (Germany), SICK AG (Germany) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In August 2023, Siemens declared its acquisition of Heliox, a move targeted at boosting its helps in the fast-growing eTruck and eBus fast charging solutions segment. This acquisition augments Siemens' mobility charging portfolio, adding valuable solutions and products to its promptly growing mobility charging business.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 13.3% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Proximity Detection
Through-beam sensors
Retro-reflective sensors
By Application
Tank Level Monitoring
Distance Measurement
Object Detection
Collision Avoidance
Others (Positioning and Navigation, and others)
By Industry
Automotive
Healthcare
Industrial Automation
Consumer Electronics
Aerospace & Defense
Others (Oil & Gas, and others)
By Region
North America (By Type, By Application, By Industry, and By Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
South America (By Type, By Application, By Industry, and By Country)
Brazil (By Application)
Argentina (By Application)
Rest of South America
Europe (By Type, By Application, By Industry, and By Country)
Germany (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia (By Application)
Benelux (By Application)
Nordics (By Application)
Rest of Europe
Middle East & Africa (By Type, By Application, By Industry, and By Country)
Turkey (By Application)
Israel (By Application)
GCC (By Application)
South Africa (By Application)
North Africa (By Application)
Rest of the Middle East & Africa
Asia Pacific (By Type, By Application, By Industry, and By Country)
China (By Application)
India (By Application)
Japan (By Application)
South Korea (By Application)
ASEAN (By Application)
Oceania (By Application)
Rest of the Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of Generative AI
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Ultrasonic Sensor Key Players Market Share/Ranking, 2023
- 5. Global Ultrasonic Sensor Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Type (USD)
- 5.2.1. Proximity detection
- 5.2.2. Through beam sensors
- 5.2.3. Retro-reflective sensors
- 5.3. By Application (USD)
- 5.3.1. Tank Level Monitoring
- 5.3.2. Distance Measurement
- 5.3.3. Object Detection
- 5.3.4. Collision Avoidance
- 5.3.5. Others (Positioning and Navigation, etc.)
- 5.4. By Industry (USD)
- 5.4.1. Automotive
- 5.4.2. Healthcare
- 5.4.3. Industrial Automation
- 5.4.4. Consumer Electronics
- 5.4.5. Aerospace & Defense
- 5.4.6. Others (Oil & Gas, etc.)
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America Ultrasonic Sensor Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Type (USD)
- 6.2.1. Proximity detection
- 6.2.2. Through beam sensors
- 6.2.3. Retro-reflective sensors
- 6.3. By Application (USD)
- 6.3.1. Tank Level Monitoring
- 6.3.2. Distance Measurement
- 6.3.3. Object Detection
- 6.3.4. Collision Avoidance
- 6.3.5. Others (Positioning and Navigation, etc.)
- 6.4. By Industry (USD)
- 6.4.1. Automotive
- 6.4.2. Healthcare
- 6.4.3. Industrial Automation
- 6.4.4. Consumer Electronics
- 6.4.5. Aerospace & Defense
- 6.4.6. Others (Oil & Gas, etc.)
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.1.1. By Application
- 6.5.2. Canada
- 6.5.2.1. By Application
- 6.5.3. Mexico
- 6.5.3.1. By Application
- 7. South America Ultrasonic Sensor Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Type (USD)
- 7.2.1. Proximity detection
- 7.2.2. Through beam sensors
- 7.2.3. Retro-reflective sensors
- 7.3. By Application (USD)
- 7.3.1. Tank Level Monitoring
- 7.3.2. Distance Measurement
- 7.3.3. Object Detection
- 7.3.4. Collision Avoidance
- 7.3.5. Others (Positioning and Navigation, etc.)
- 7.4. By Industry (USD)
- 7.4.1. Automotive
- 7.4.2. Healthcare
- 7.4.3. Industrial Automation
- 7.4.4. Consumer Electronics
- 7.4.5. Aerospace & Defense
- 7.4.6. Others (Oil & Gas, etc.)
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.1.1. By Application
- 7.5.2. Argentina
- 7.5.2.1. By Application
- 7.5.3. Rest of South America
- 8. Europe Ultrasonic Sensor Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Type (USD)
- 8.2.1. Proximity detection
- 8.2.2. Through beam sensors
- 8.2.3. Retro-reflective sensors
- 8.3. By Application (USD)
- 8.3.1. Tank Level Monitoring
- 8.3.2. Distance Measurement
- 8.3.3. Object Detection
- 8.3.4. Collision Avoidance
- 8.3.5. Others (Positioning and Navigation, etc.)
- 8.4. By Industry (USD)
- 8.4.1. Automotive
- 8.4.2. Healthcare
- 8.4.3. Industrial Automation
- 8.4.4. Consumer Electronics
- 8.4.5. Aerospace & Defense
- 8.4.6. Others (Oil & Gas, etc.)
- 8.5. By Country (USD)
- 8.5.1. United Kingdom
- 8.5.1.1. By Application
- 8.5.2. Germany
- 8.5.2.1. By Application
- 8.5.3. France
- 8.5.3.1. By Application
- 8.5.4. Italy
- 8.5.4.1. By Application
- 8.5.5. Spain
- 8.5.5.1. By Application
- 8.5.6. Russia
- 8.5.6.1. By Application
- 8.5.7. Benelux
- 8.5.7.1. By Application
- 8.5.8. Nordics
- 8.5.8.1. By Application
- 8.5.9. Rest of Europe
- 9. Middle East & Africa Ultrasonic Sensor Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Type (USD)
- 9.2.1. Proximity detection
- 9.2.2. Through beam sensors
- 9.2.3. Retro-reflective sensors
- 9.3. By Application (USD)
- 9.3.1. Tank Level Monitoring
- 9.3.2. Distance Measurement
- 9.3.3. Object Detection
- 9.3.4. Collision Avoidance
- 9.3.5. Others (Positioning and Navigation, etc.)
- 9.4. By Industry (USD)
- 9.4.1. Automotive
- 9.4.2. Healthcare
- 9.4.3. Industrial Automation
- 9.4.4. Consumer Electronics
- 9.4.5. Aerospace & Defense
- 9.4.6. Others (Oil & Gas, etc.)
- 9.5. By Country (USD)
- 9.5.1. Turkey
- 9.5.1.1. By Application
- 9.5.2. Israel
- 9.5.2.1. By Application
- 9.5.3. GCC
- 9.5.3.1. By Application
- 9.5.4. North Africa
- 9.5.4.1. By Application
- 9.5.5. South Africa
- 9.5.5.1. By Application
- 9.5.6. Rest of MEA
- 10. Asia Pacific Ultrasonic Sensor Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Type (USD)
- 10.2.1. Proximity detection
- 10.2.2. Through beam sensors
- 10.2.3. Retro-reflective sensors
- 10.3. By Application (USD)
- 10.3.1. Tank Level Monitoring
- 10.3.2. Distance Measurement
- 10.3.3. Object Detection
- 10.3.4. Collision Avoidance
- 10.3.5. Others (Positioning and Navigation, etc.)
- 10.4. By Industry (USD)
- 10.4.1. Automotive
- 10.4.2. Healthcare
- 10.4.3. Industrial Automation
- 10.4.4. Consumer Electronics
- 10.4.5. Aerospace & Defense
- 10.4.6. Others (Oil & Gas, etc.)
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.1.1. By Application
- 10.5.2. India
- 10.5.2.1. By Application
- 10.5.3. Japan
- 10.5.3.1. By Application
- 10.5.4. South Korea
- 10.5.4.1. By Application
- 10.5.5. ASEAN
- 10.5.5.1. By Application
- 10.5.6. Oceania
- 10.5.6.1. By Application
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Rockwell Automation, Inc.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Ballauff Automation India Pvt. Ltd.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Banner Engineering Corp.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Baumer
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Hans Turck Gmbh & Co. KG
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Honeywell International Inc.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Murata Manufacturing Co. Ltd.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Omron Corporation
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Pepperl + Fuchs Pvt. Ltd.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. SICK AG
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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