According to a new market report by Lucintel, the future of the global ultrasonic sensor market looks promising with opportunities in the automotive, food & beverage, healthcare, oil & gas, and industrial industries. The global ultrasonic sensor market is expected to grow with a CAGR of 11% from 2020 to 2025. The major growth drivers for this market are high demand for minimal invasive procedures and increasing demand for industrial automation to improve productivity, performance, and safety.
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In this market, proximity sensor, retro- reflective sensor, and through beam sensor, are the major types of ultrasonic sensor. Lucintel forecasts that proximity sensor will remain the largest sensor type segment over the forecast period due to increasing use of ultrasonic proximity sensor in various food & beverage processing applications.
Within this market, the object & pallet detection application segment is expected to witness the highest growth over the forecast period due to rising demand for obstacle detection in driverless cars.
North America will remain the largest region over the forecast period due to growth of the healthcare and automotive industries.
Migatron Corp., Omron, Blatek Inc., Maxbotix, Philips, Vermon, Pepperl+Fuchs, Rockwell Automation, Esaote, and Acuson are among the major manufacturers of the global ultrasonic sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ultrasonic sensor market by sensor type, application, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Ultrasonic Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global ultrasonic sensor market by sensor type, application, end use industry, and region as follows:
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Proximity Sensor
Retro- Reflective Sensor
Through Beam Sensor
Others
By Application [$M shipment analysis for 2014 – 2025]:
Level Measurement
Distance Measurement
Diameter Measurement
Object & Pallet Detection
Others
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Automotive
Food & Beverage
Oil & Gas
Healthcare
Industrial
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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