Global Ultrasonic Position Sensor Market Size, Share & Trends Analysis Report By Range, By Application (Automotive, Industrial, Healthcare, Consumer Electronics, Food & Beverages, Aerospace & Defense, and Others), By Regional Outlook and Forecast, 2024 - 2031
The Global Ultrasonic Position Sensor Market size is expected to reach $127.5 million by 2031, rising at a market growth of 3.3% CAGR during the forecast period.
The automotive industry's extensive implementation of ultrasonic sensors for advanced driver-assistance systems (ADAS), parking assistance, blind-spot detection, and collision avoidance functions is responsible for this accomplishment. Therefore, the automotive segment procured $25,320.91 thousand revenue in the market in 2023. The increasing demand for vehicle safety and automation technologies, coupled with regulatory mandates for enhanced safety standards in vehicles, drove substantial growth and revenue generation in the automotive segment of the market.
The demand for ultrasonic position sensors in the automotive industry is on the rise, predominantly due to their critical function in advanced driver-assistance systems (ADAS). These systems, designed to enhance vehicle safety and driver convenience, rely heavily on ultrasonic sensors' precise detection and measurement capabilities. With a growing emphasis on vehicle safety and regulatory requirements, the adoption of collision avoidance systems powered by ultrasonic sensors is expected to continue rising. Hence, all rising demand in the automotive industry will aid in the market's growth.
Moreover, amidst a multitude of processes, the industrial sector is currently experiencing a profound revolution characterized by the exponential acceleration of automation implementation. In industrial automation systems, ultrasonic position sensors are essential for monitoring and controlling various parameters. They enable precise positioning of actuators, valves, and other mechanical components in automated machinery and production lines. This level of precision is crucial for maintaining quality standards, minimizing errors, and maximizing productivity in industrial settings. Thus, all these factors will aid in the market's growth.
However, ultrasonic sensors, renowned for their reliability and precision in short to medium-range distance measurements, encounter challenges when tasked with longer-range applications. This limitation primarily stems from the physics of sound wave propagation, where the intensity and fidelity of ultrasonic signals tend to diminish as distances increase. As a result, the performance of ultrasonic sensors can become less accurate and less reliable in scenarios demanding precise measurements over extended distances, such as long-range object detection or large-scale industrial environments. This limitation can hinder their adoption and thus hamper the growth of the market.
Range Outlook
Based on range, the market is characterized by short, medium, and long. The short segment procured 34% revenue share in the market in 2023. The prevalence of this segment in practical applications that necessitate accurate distance measurements in close proximity is the reason for its dominance. Industries such as automotive (for parking assistance and obstacle detection), industrial automation (for proximity sensing and object detection), and consumer electronics (for gesture recognition and touchless interfaces) contributed significantly to the demand for short-range ultrasonic sensors, driving its revenue share to the top position.
Application Outlook
On the basis of application, the market is classified into automotive, industrial, consumer electronics, healthcare, food & beverages, aerospace & defense, and others. The industrial segment recorded 19% revenue share in the market in 2023. Manufacturing, logistics, material handling, and industrial automation rely on ultrasonic sensors for proximity sensing, object detection, level measurement, and automated positioning applications.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment garnered 36% revenue share in the market in 2023. The automotive, aerospace, healthcare, and industrial automation sectors, which are all substantial consumers of ultrasonic sensors, are among the key industries that contribute significantly to the success of the segment.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
List of Key Companies Profiled
- Rockwell Automation, Inc.
- Omron Corporation
- Balluff GmbH
- Baumer Holding AG
- Honeywell International, Inc.
- Murata Manufacturing Co., Ltd.
- Banner Engineering Corporation
- Hans Turck GmbH & Co. KG
- Pepperl + Fuchs Group
- Sick AG
By Range
- Medium
- Short
- Long
- Automotive
- Industrial
- Healthcare
- Consumer Electronics
- Food & Beverages
- Aerospace & Defense
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Ultrasonic Position Sensor Market, by Range
- 1.4.2 Global Ultrasonic Position Sensor Market, by Application
- 1.4.3 Global Ultrasonic Position Sensor Market, by Geography
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis – Global
- 4.1 Market Share Analysis, 2023
- 4.2 Strategies Deployed in Ultrasonic Position Sensor Market
- 4.3 Porter Five Forces Analysis
- Chapter 5. Global Ultrasonic Position Sensor Market, by Range
- 5.1 Global Medium Market, by Region
- 5.2 Global Short Market, by Region
- 5.3 Global Long Market, by Region
- Chapter 6. Global Ultrasonic Position Sensor Market, by Application
- 6.1 Global Automotive Market, by Region
- 6.2 Global Industrial Market, by Region
- 6.3 Global Healthcare Market, by Region
- 6.4 Global Consumer Electronics Market, by Region
- 6.5 Global Food & Beverages Market, by Region
- 6.6 Global Aerospace & Defense Market, by Region
- 6.7 Global Others Market, by Region
- Chapter 7. Global Ultrasonic Position Sensor Market, by Region
- 7.1 North America Ultrasonic Position Sensor Market
- 7.1.1 North America Ultrasonic Position Sensor Market, by Range
- 7.1.1.1 North America Medium Market, by Country
- 7.1.1.2 North America Short Market, by Country
- 7.1.1.3 North America Long Market, by Country
- 7.1.2 North America Ultrasonic Position Sensor Market, by Application
- 7.1.2.1 North America Automotive Market, by Country
- 7.1.2.2 North America Industrial Market, by Country
- 7.1.2.3 North America Healthcare Market, by Country
- 7.1.2.4 North America Consumer Electronics Market, by Country
- 7.1.2.5 North America Food & Beverages Market, by Country
- 7.1.2.6 North America Aerospace & Defense Market, by Country
- 7.1.2.7 North America Others Market, by Country
- 7.1.3 North America Ultrasonic Position Sensor Market, by Country
- 7.1.3.1 US Ultrasonic Position Sensor Market
- 7.1.3.1.1 US Ultrasonic Position Sensor Market, by Range
- 7.1.3.1.2 US Ultrasonic Position Sensor Market, by Application
- 7.1.3.2 Canada Ultrasonic Position Sensor Market
- 7.1.3.2.1 Canada Ultrasonic Position Sensor Market, by Range
- 7.1.3.2.2 Canada Ultrasonic Position Sensor Market, by Application
- 7.1.3.3 Mexico Ultrasonic Position Sensor Market
- 7.1.3.3.1 Mexico Ultrasonic Position Sensor Market, by Range
- 7.1.3.3.2 Mexico Ultrasonic Position Sensor Market, by Application
- 7.1.3.4 Rest of North America Ultrasonic Position Sensor Market
- 7.1.3.4.1 Rest of North America Ultrasonic Position Sensor Market, by Range
- 7.1.3.4.2 Rest of North America Ultrasonic Position Sensor Market, by Application
- 7.2 Europe Ultrasonic Position Sensor Market
- 7.2.1 Europe Ultrasonic Position Sensor Market, by Range
- 7.2.1.1 Europe Medium Market, by Country
- 7.2.1.2 Europe Short Market, by Country
- 7.2.1.3 Europe Long Market, by Country
- 7.2.2 Europe Ultrasonic Position Sensor Market, by Application
- 7.2.2.1 Europe Automotive Market, by Country
- 7.2.2.2 Europe Industrial Market, by Country
- 7.2.2.3 Europe Healthcare Market, by Country
- 7.2.2.4 Europe Consumer Electronics Market, by Country
- 7.2.2.5 Europe Food & Beverages Market, by Country
- 7.2.2.6 Europe Aerospace & Defense Market, by Country
- 7.2.2.7 Europe Others Market, by Country
- 7.2.3 Europe Ultrasonic Position Sensor Market, by Country
- 7.2.3.1 Germany Ultrasonic Position Sensor Market
- 7.2.3.1.1 Germany Ultrasonic Position Sensor Market, by Range
- 7.2.3.1.2 Germany Ultrasonic Position Sensor Market, by Application
- 7.2.3.2 UK Ultrasonic Position Sensor Market
- 7.2.3.2.1 UK Ultrasonic Position Sensor Market, by Range
- 7.2.3.2.2 UK Ultrasonic Position Sensor Market, by Application
- 7.2.3.3 France Ultrasonic Position Sensor Market
- 7.2.3.3.1 France Ultrasonic Position Sensor Market, by Range
- 7.2.3.3.2 France Ultrasonic Position Sensor Market, by Application
- 7.2.3.4 Russia Ultrasonic Position Sensor Market
- 7.2.3.4.1 Russia Ultrasonic Position Sensor Market, by Range
- 7.2.3.4.2 Russia Ultrasonic Position Sensor Market, by Application
- 7.2.3.5 Spain Ultrasonic Position Sensor Market
- 7.2.3.5.1 Spain Ultrasonic Position Sensor Market, by Range
- 7.2.3.5.2 Spain Ultrasonic Position Sensor Market, by Application
- 7.2.3.6 Italy Ultrasonic Position Sensor Market
- 7.2.3.6.1 Italy Ultrasonic Position Sensor Market, by Range
- 7.2.3.6.2 Italy Ultrasonic Position Sensor Market, by Application
- 7.2.3.7 Rest of Europe Ultrasonic Position Sensor Market
- 7.2.3.7.1 Rest of Europe Ultrasonic Position Sensor Market, by Range
- 7.2.3.7.2 Rest of Europe Ultrasonic Position Sensor Market, by Application
- 7.3 Asia Pacific Ultrasonic Position Sensor Market
- 7.3.1 Asia Pacific Ultrasonic Position Sensor Market, by Range
- 7.3.1.1 Asia Pacific Medium Market, by Country
- 7.3.1.2 Asia Pacific Short Market, by Country
- 7.3.1.3 Asia Pacific Long Market, by Country
- 7.3.2 Asia Pacific Ultrasonic Position Sensor Market, by Application
- 7.3.2.1 Asia Pacific Automotive Market, by Country
- 7.3.2.2 Asia Pacific Industrial Market, by Country
- 7.3.2.3 Asia Pacific Healthcare Market, by Country
- 7.3.2.4 Asia Pacific Consumer Electronics Market, by Country
- 7.3.2.5 Asia Pacific Food & Beverages Market, by Country
- 7.3.2.6 Asia Pacific Aerospace & Defense Market, by Country
- 7.3.2.7 Asia Pacific Others Market, by Country
- 7.3.3 Asia Pacific Ultrasonic Position Sensor Market, by Country
- 7.3.3.1 China Ultrasonic Position Sensor Market
- 7.3.3.1.1 China Ultrasonic Position Sensor Market, by Range
- 7.3.3.1.2 China Ultrasonic Position Sensor Market, by Application
- 7.3.3.2 Japan Ultrasonic Position Sensor Market
- 7.3.3.2.1 Japan Ultrasonic Position Sensor Market, by Range
- 7.3.3.2.2 Japan Ultrasonic Position Sensor Market, by Application
- 7.3.3.3 India Ultrasonic Position Sensor Market
- 7.3.3.3.1 India Ultrasonic Position Sensor Market, by Range
- 7.3.3.3.2 India Ultrasonic Position Sensor Market, by Application
- 7.3.3.4 South Korea Ultrasonic Position Sensor Market
- 7.3.3.4.1 South Korea Ultrasonic Position Sensor Market, by Range
- 7.3.3.4.2 South Korea Ultrasonic Position Sensor Market, by Application
- 7.3.3.5 Singapore Ultrasonic Position Sensor Market
- 7.3.3.5.1 Singapore Ultrasonic Position Sensor Market, by Range
- 7.3.3.5.2 Singapore Ultrasonic Position Sensor Market, by Application
- 7.3.3.6 Malaysia Ultrasonic Position Sensor Market
- 7.3.3.6.1 Malaysia Ultrasonic Position Sensor Market, by Range
- 7.3.3.6.2 Malaysia Ultrasonic Position Sensor Market, by Application
- 7.3.3.7 Rest of Asia Pacific Ultrasonic Position Sensor Market
- 7.3.3.7.1 Rest of Asia Pacific Ultrasonic Position Sensor Market, by Range
- 7.3.3.7.2 Rest of Asia Pacific Ultrasonic Position Sensor Market, by Application
- 7.4 LAMEA Ultrasonic Position Sensor Market
- 7.4.1 LAMEA Ultrasonic Position Sensor Market, by Range
- 7.4.1.1 LAMEA Medium Market, by Country
- 7.4.1.2 LAMEA Short Market, by Country
- 7.4.1.3 LAMEA Long Market, by Country
- 7.4.2 LAMEA Ultrasonic Position Sensor Market, by Application
- 7.4.2.1 LAMEA Automotive Market, by Country
- 7.4.2.2 LAMEA Industrial Market, by Country
- 7.4.2.3 LAMEA Healthcare Market, by Country
- 7.4.2.4 LAMEA Consumer Electronics Market, by Country
- 7.4.2.5 LAMEA Food & Beverages Market, by Country
- 7.4.2.6 LAMEA Aerospace & Defense Market, by Country
- 7.4.2.7 LAMEA Others Market, by Country
- 7.4.3 LAMEA Ultrasonic Position Sensor Market, by Country
- 7.4.3.1 Brazil Ultrasonic Position Sensor Market
- 7.4.3.1.1 Brazil Ultrasonic Position Sensor Market, by Range
- 7.4.3.1.2 Brazil Ultrasonic Position Sensor Market, by Application
- 7.4.3.2 Argentina Ultrasonic Position Sensor Market
- 7.4.3.2.1 Argentina Ultrasonic Position Sensor Market, by Range
- 7.4.3.2.2 Argentina Ultrasonic Position Sensor Market, by Application
- 7.4.3.3 UAE Ultrasonic Position Sensor Market
- 7.4.3.3.1 UAE Ultrasonic Position Sensor Market, by Range
- 7.4.3.3.2 UAE Ultrasonic Position Sensor Market, by Application
- 7.4.3.4 Saudi Arabia Ultrasonic Position Sensor Market
- 7.4.3.4.1 Saudi Arabia Ultrasonic Position Sensor Market, by Range
- 7.4.3.4.2 Saudi Arabia Ultrasonic Position Sensor Market, by Application
- 7.4.3.5 South Africa Ultrasonic Position Sensor Market
- 7.4.3.5.1 South Africa Ultrasonic Position Sensor Market, by Range
- 7.4.3.5.2 South Africa Ultrasonic Position Sensor Market, by Application
- 7.4.3.6 Nigeria Ultrasonic Position Sensor Market
- 7.4.3.6.1 Nigeria Ultrasonic Position Sensor Market, by Range
- 7.4.3.6.2 Nigeria Ultrasonic Position Sensor Market, by Application
- 7.4.3.7 Rest of LAMEA Ultrasonic Position Sensor Market
- 7.4.3.7.1 Rest of LAMEA Ultrasonic Position Sensor Market, by Range
- 7.4.3.7.2 Rest of LAMEA Ultrasonic Position Sensor Market, by Application
- Chapter 8. Company Profiles
- 8.1 Rockwell Automation, Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.6 SWOT Analysis
- 8.2 Omron Corporation
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Product Launches and Product Expansions:
- 8.2.6 SWOT Analysis
- 8.3 Balluff GmbH
- 8.3.1 Company Overview
- 8.3.2 SWOT Analysis
- 8.4 Baumer Holding AG
- 8.4.1 Company Overview
- 8.4.2 SWOT Analysis
- 8.5 Honeywell International, Inc.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.4.1 Acquisitions and Mergers:
- 8.5.5 SWOT Analysis
- 8.6 Murata Manufacturing Co., Ltd.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.7 Banner Engineering Corporation
- 8.7.1 Company Overview
- 8.7.2 SWOT Analysis
- 8.8 Hans Turck GmbH & Co. KG
- 8.8.1 Company Overview
- 8.9 Pepperl + Fuchs Group
- 8.9.1 Company Overview
- 8.9.2 SWOT Analysis
- 8.10. Sick AG
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expense
- 8.10.5 SWOT Analysis
- Chapter 9. Winning Imperatives of Ultrasonic Position Sensor Market
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