Ultrasonic Sensors Market (By Type: Level Measurement, Distance Measurement, Obstacle Detection, Others; By End-use: Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Industrial, Others; By Technology: Retro-reflective Sensor, Through-beam Sensor, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

Category : Semiconductor and Electronics | Published at : June-2021 | Delivery Format : PDF | Status: Published | Pages : 190

The global ultrasonic sensors market is expected to grow at a CAGR of around 8.5% from 2020 to 2027 and expected to reach the market value of around US$ 10.5 Bn by 2027.

Ultrasonic sensors are mostly used as proximity sensors. They can be found in self-parking technology and anti-collision safety systems in automobiles. In comparison to infrared (IR) sensors in proximity sensing applications, ultrasonic sensors are also used in robotic obstacle detection systems and manufacturing technology. Smoke, gas, and other airborne particles do not interfere with ultrasonic sensors as much (though the physical components are still affected by variables such as heat). Ultrasonic sensors are also used as level sensors in closed containers to detect, monitor, and regulate liquid levels (such as vats in chemical factories). Most notably, ultrasonic technology has allowed the medical industry to create images of internal organs, identify tumors, and monitor the health of babies in the womb.

Market Trend

Significant investment in ultrasonic sensors for the agriculture sector

The development of a sensing system that extracts information from an ultrasonic sensor is progressing, and this information would be used in a variety of sensing operations in precision agriculture. Furthermore, by detecting tree gaps, the ultrasonic sensor saves money on pesticides. When these sensors are detected, the spraying operation is temporarily halted. This is expected to provide significant benefits to the companies that provide this system, thereby positively influencing the ultrasonic sensor market.

Market Dynamics

The ultrasonic sensor industry is currently witnessing a surge in demand for autonomous mobile robots (AMRs). Adoption of AMRs is increasing year over year in the medical, oil and gas, electronics, and automotive industries, owing to rising technological developments and a growing emphasis on improving efficiency, operational capacity, and production output (YoY). Ultrasonic sensors are built into AMRs to detect obstacles and measure the distance between two objects. In 2019, Toposens GmbH, for example, developed an ultrasonic sensor for range perception in robotics and autonomous driving applications. Ultrasonic sensors are used in the manufacturing sector to measure water level in tanks, roll diameter, height, and distance, as well as loop control. The growing use of sensors in the manufacturing sector is a significant growth driver for the ultrasonic sensor market. Furthermore, rising industrial output in developing countries has increased demand for these sensors, particularly in level measurement applications. For example, industrial production in Turkey increased by nearly 3.4 percent year on year in September 2019. (YoY). The growing demand for industrial automation is a significant opportunity in the ultrasonic sensor market. Because of the Industry 4.0 initiative, there will be a significant demand for automation in a variety of industrial processes in the future. Furthermore, manufacturers are increasingly implementing automation solutions to improve efficiency and productivity while increasing revenue. Ultrasonic sensors are essential in industrial automation because they enable products to be automated and intelligent.

Market Segmentation

The global ultrasonic sensors market is segmented based on technology, type, and end-user. By technology, the market is segmented as a retro-reflective sensor, through-beam sensor, and others. Based on type, the market is segmented as level measurement, distance measurement, obstacle detection, and others. Further, by end-user, the market is segmented as consumer electronics, automotive, aerospace & defense, healthcare, industrial, and others.

Based on end-user, automotive industry holds lucrative opportunities from the past and is expected to continue similar trend till the forecast period

Ultrasonic devices have a wide range of applications in automotive sensors, including parking assistance, safety alarms, collision avoidance, object detection, and an automatic braking system. They have a significant impact on the future of next-generation driver assistance and self-driving systems.

In advanced cars, onboard sensing systems are available for a premium process. For measuring the relative distances of objects from the car, these systems rely on ultrasonic sensors. Long-range radar capabilities are being integrated with cruise control systems to prevent vehicle collisions. These sensors are also used to detect distances on the back end of vehicles for parking assistance and braking control. Furthermore, sensor vendors have been offering several variants of ultrasonic sensors with enhanced capabilities such as open structures, waterproofing, and external casing for damage reduction. As a result of the expected increase in ADAS systems in the future, ultrasonic sensors will see a proportional increase.

In terms of technology, the retro-reflective segment is expected to dominate the market in the coming years. Reduced maintenance costs, installation costs, and reliability in detecting transparent objects are the factors driving the segment's growth. Furthermore, retro-reflective sensors have simple optical axis adjustment and wiring, making them simple to deploy. Furthermore, the increasing use of retro-reflective systems in automobile throttle control and precision position measurement bodes well for segment growth.

Furthermore, by type, the obstacles detection segment will contribute to the segment's growth. This is due to the increasing use of these systems in automobile collision avoidance systems. Stringent government policies and regulations governing the installation of vehicle safety features such as collision avoidance systems and airbags have fueled the segment's growth prospects even further.

Regional Stance

North America holds the dominant market share for the global ultrasonic sensors market

Due to a variety of factors, North America has traditionally been a market leader in ultrasonic sensors. This sector has a high market penetration, and the presence of several automotive and manufacturing behemoths is a critical growth factor. The United States has the largest market share in North America, but the Canadian market is expected to grow faster than the US market. Ultrasonic sensors are widely used in various medical inspections, including prenatal examinations, where radiography cannot be used because they can visualize the internal condition of the human body without causing damage.

Furthermore, the growing demand for better surgical procedures among health-conscious citizens is propelling the market for ultrasonic sensors in this region.

Asia Pacific, on the other hand, is expected to grow at a rapid pace in the coming years due to rising demand for factory automation in the region's manufacturing sector. The rapid expansion of the region's automotive manufacturing industry is expected to drive demand for these systems even further.

Competitive Landscape

The prominent players involved in the global ultrasonic sensors market involve Balluff Inc., Banner Engineering Corp., Baumer, The Turck Group, Ifm electronic GmbH, Murata Manufacturing Co., Ltd., Pepperl+Fuchs SE, Sick AG, Siemens AG, and among others.

Market Segmentation

Market By Type

Level Measurement
Distance Measurement
Obstacle Detection

Market By End-use

Consumer Electronics
Aerospace & Defense

Market By Technology

Retro-reflective Sensor
Through-beam Sensor

Market By Geography

North America
•    U.S.
•    Canada

•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa

Frequently Asked Questions

Ultrasonic sensors market is expected to reach a market value of around US$ 10.5 Bn by 2027.

The ultrasonic sensors market is expected to grow at a CAGR of around 8.5% from 2020 to 2027.

Based on end-use, automotive segment is the leading segment in the overall market.

Significant investment in ultrasonic sensors for the agriculture sector is one of the prominent factors that drive the demand for ultrasonic sensors market.

Balluff Inc., Banner Engineering Corp., Baumer, The Turck Group, Ifm electronic GmbH, Murata Manufacturing Co., Ltd., Pepperl+Fuchs SE, Sick AG, Siemens AG, and among others.

North America is anticipated to grab the highest market share in the regional market

Asia Pacific is expected to be the fastest growing market in the forthcoming years

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