Market analysis and forecast for ultrasonic sensors

ReportLinker has published a report to provide market research of ultrasonic sensors on global industry analysis, trend, size, share and forecast from 2015 to 2023.

The ultrasonic sensors are based on measuring the properties of acoustic waves and can be used for liquid level measurement, object detection, distance measurement, anti collision detection and pallet detection among others. Ultrasonic sensors are used to improve the operational efficiency and provide additional safety in manufacturing facilities. This is one of the major factors fueling the demand for ultrasonic sensors globally.

The need for demand of automation and focus on improvement of production efficiency has increased across industries such as automotive, chemical, construction, electronics, medicine and food and beverages among others. Moreover, increasing demand for advanced features such as automatic steering controls, park assist system, blind spot detection and adaptive cruise control is also expected to have a positive impact on the demand for ultrasonic sensors globally.

By types, the market is divided into ultrasonic proximity sensors, ultrasonic retro-reflective sensor, ultrasonic through beam sensor, ultrasonic 2 point proximity switches. By application the ultrasonic sensors market segmented into liquid level measurement, object detection, distance measurement, anti collision detection, pallet detection and others. By industry the market is categorized into automotive, power and gas & oil, chemical, agriculture, construction, pulp and paper, material handling, food and beverage, medical and healthcare and aerospace and defense among others.

In 2014, among the different types of ultrasonic sensor, the ultrasonic proximity sensors occupied the largest market share. However, the ultrasonic through beam sensors segment is anticipated to witness the fastest growth rate. The rapid growth of this segment is attributed to the increasing demand for microprocessor controllers and ability to detect fast moving objects in short range.
Among the different applications of ultrasonic sensors, the liquid level measurement sensor held the largest market share in 2014. Increasing use of liquid level measurement sensors for level surface detection, non contact level measurement and monitoring liquid level changes in tank among others is aiding to the growth of this segment.
Geographically, the Asia Pacific ultrasonic sensors market is predicted to experience the fastest growth from 2015 to 2023.The rapid expansion of production facility and the falling prices of the sensor components is fuelling the growth in this region.

The leading players in the market include Pepperl+Fuchs GmbH, Siemens AG, Murata Manufacturing Co., Ltd., Rockwell Automation Inc., Microsonic GmbH, Baumer Group, MaxBotix Inc., OMRON Corporation, Honeywell International Inc., Branson Ultrasonics Corporation, Gems Sensors & Controls, Senix Corporation and Crest Ultrasonics Corp. among others.

More information can be found at: ReportLinker.


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