Ultrasonic sensors are widely used in various medical inspections including prenatal examinations to which radiography cannot be applied. The inclination of growth towards medical and industrial applications such as material handling, food & beverage and level measurement are the factors making the ultrasonic sensors market to grow lucratively.Global ultrasonic sensors market was estimated to be worth USD 559.86 million in 2016, and is forecasted to grow at a CAGR of 15.68%, to reach USD 1347.18 million by the end of 2023.
Because of its ability of real time visualization, the sensors can also be used for tissue biopsy sampling or therapeutics while locating the target organ. Ultrasonic sensors are used for diagnosis of internal organs including liver, kidneys, pancreas and gallbladder or watching fetal growth and health condition of the pregnant women. Dominance of other technologies and dearth of manufacturing excellence are the factors hindering the growth of ultrasonic sensors market.
The Ultrasonic Sensors Market is segmented on the basis of Type (Ultrasonic Proximity Sensors, Ultrasonic Retro-Reflective Sensors, Ultrasonic Through Beam Sensors), Technology (Ultrasonic Medical Technology, Ultrasonic Processing Technology, Ultrasonic Testing Technology), Application (Automotive, Food and Beverage, Medical & Healthcare, Petroleum, Industrial and Others), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
This report describes a detailed study of the Porter’s five forces analysis, market segments, major geographies, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis.
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of Ultrasonic Sensors Market. Some of the top companies mentioned in the report are Honeywell International (U.S.), Pepperl+Fuchs (Germany), Siemens Ag (Germany), Baumer Ltd (China), Rockwell Automation (US), and among others.
What the Report Offers
Market Definition for Ultrasonic Sensors Market along with identification of key drivers and restraints for the market.
Market analysis for the Global Ultrasonic Sensors Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the Global Ultrasonic Sensors Market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1.1 Key Study Deliverables
1.2 Key Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Applications of Ultrasonic Sensors Market
4.3 Factors Driving the Market
4.3.1 Increased Demand for Ultrasonic Sensors in the Medical Industry
4.3.2 Reliability, Low Cost, and Versatility
4.3.3 Offers Solutions for Most Diverse Industrial Applications
4.4 Factors Restraining the Market
4.4.1 Dominance of Other Forms of Sensors
4.4.2 Operational Issues Reported in Ultrasonic Sensors
4.4.3 Dearth of Manufacturing Excellence
4.5 Current Opportunities in the Market
4.6 Technology Snapshot
4.7 Industry Attractiveness - Porter’s Five Forces
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Competitive Rivalry Within the Industry
5. Ultrasonic Sensors Market Segmentation - by Type - Market Share, Forecast
5.1 Ultrasonic Proximity Sensors
5.2 Ultrasonic Retro-Reflective Sensors
5.3 Ultrasonic Through Beam Sensors
6. Ultrasonic Sensors Market Segmentation - by Technology - Market Share, Forecast
6.1 Ultrasonic Medical Technology
6.2 Ultrasonic Processing Technology
6.3 Ultrasonic Testing Technology
7. Ultrasonic Sensors Market Segmentation - by Application - Market Share, Forecast
7.2 Food & Beverage
7.3 Medical & Healthcare
7.6 Others (Mining)
8. Ultrasonic Sensors Market Segmentation - by Geography - Market Share, Forecast
8.1 North America
8.1.2 United States
8.2.3 United Kingdom
8.4 Rest of the World
9. Global Ultrasonic Sensors Market - Vendor Market Share Analysis
10. Competitive Intelligence - Company Profiles
10.1 Siemens Ag
10.3 Honeywell International Inc.
10.4 Hielscher Ultrasonics
10.5 Baumer Group
10.6 Crest Ultrasonics
10.7 Branson Ultrasonics (Division of Emerson Electric Company India Private Limited)
10.8 Rockwell Automation Inc.
10.9 Murata Manufacturing
11. Market Landscape
11.1 Competition Analysis
11.3 Geographical Footprint
12. Investment Analysis
12.1 Recent Mergers and Acquisitions
12.2 Investor Outlook
13. Future of Ultrasonic Sensors Market
- Siemens Ag
- Honeywell International Inc.
- Hielscher Ultrasonics
- Baumer Group
- Crest Ultrasonics
- Branson Ultrasonics (Division of Emerson Electric Company India Private Limited)
- Rockwell Automation Inc.
- Murata Manufacturing