The Ultrasonic Sensors Market is projected to experience significant growth, with an anticipated increase from US$ 5,138.4 million in 2022 to approximately US$ 13,241.8 million by 2030. This expansion is forecasted to occur at a Compound Annual Growth Rate (CAGR) of 12.0% during the period from 2022 to 2030.
Ultrasonic sensors find extensive application in robotics as these sensors are not affected by moisture, dust, and dirt and are also used in a dark environment. They play a pivotal role in obstacle avoidance and real-time communication systems, contributing to the growth of the robotics market.
Ultrasonic sensors are used in robotics to avoid obstacles in their way so that they can move toward the target area. Moreover, ultrasonic sensors are utilized to detect the large obstacle and to obtain information between the robot and the obstacle. They help robots with object detection, tracking an object, and detecting the position of an object to avoid collision and ensure the task is carried out without any hindrance.
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Key Takeaways: Ultrasonic Sensors Market:
- The automotive industry is estimated to register a CAGR of 15.5% in the ultrasonic sensors market Demand for anti-collision and distance measurement sensors soars
- Liquid level measurement segment to dominate in 2020 with a market share of 38.5% followed by distance measurement and object detection
- Through-beam sensors segment is expected to witness a growth of 12% Y-o-Y with features such as powerful acoustic beam
- The South Asia & Pacific ultrasonic sensors market is estimated to register a high CAGR as the healthcare sector demands better imaging technologies
Increasing Adoption of Ultrasonic Sensors in Medical Applications:
The demand for ultrasonic sensors for medical applications is increasing as these sensors are risk-free substitutes for radiography solutions and alternatives to piezoelectric sensors. Ultrasonic sensors are widely used in medical applications as these sensors can visualize the internal condition of the human body without any damage.
They are used for various medical inspections including diagnosis of internal body organs like kidneys, liver, and gallbladder, and for tracking the growth of a fetus and its health condition. As the ultrasonic sensors have the ability of real-time visualization, they are used for tissue biopsy sampling while locating the target organ.
Ultrasonic sensors are also used for close examination of eyes, cardiac diagnosis, and also for breast cancer check-ups to detect the presence of lumps under the breast. For detecting any physical abnormality of the uterus, a uterus examination is done by using ultrasonic sensors. Moreover, ultrasonic sensors also help in detecting arteriosclerosis by checking the intimal thickness measurement, blood flow, and endothelial function test.
The extensive usage of these sensors in the healthcare segment is projected to play an important part in offsetting the losses in the long term. The adoption of ultrasonic sensors in the medical field is estimated to grow by 1.5X from 2019 to 2020.
Key Companies in the Ultrasonic Sensors Market:
- Rockwell Automation
- Siemens AG
- Honeywell International
- Balluff GmbH
- Pepperl +Fuchs AG
- Baumer Ltd
- Murata Manufacturing Co, Ltd
- Crest Ultrasonic
- Omron Corporation
- Blatek Inc,
- Keyence Corporation
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Ultrasonic Sensors Market Segmentation:
By Type:
- Proximity Sensors
- Retro-reflective Sensors
- Through Beam Sensors
- Others
By Application:
- Object Detection
- Distance Measurement
- Liquid Level Measurement
- Anti-collision Detection
- Others
By Industry:
- Automotive
- Medical
- Oil & Gas
- Industrial
- Food & Beverages
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa
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