Global Ultrasonic Sensors Market to Reach $6.1 Billion by 2030
The global market for Ultrasonic Sensors estimated at US$4.3 Billion in the year 2022, is projected to reach a revised size of US$6.1 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Level Measurement, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$3.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Distance Measurement segment is readjusted to a revised 3.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 8% CAGR
The Ultrasonic Sensors market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.Select Competitors (Total 46 Featured) -
- Balluff GmbH
- Baumer (Singapore) Pte., Ltd.
- Branson Ultrasonics Corporation
- Cambridge Ultrasonics
- Crest Ultrasonics Corp.
- Hielscher USA, Inc.
- Honeywell International, Inc.
- Migatron Corp.
- Murata Manufacturing Co., Ltd.
- Pepperl+Fuchs GmbH
- Rockwell Automation, Inc.
- Senix Corp.
- Siemens AG
- Toposens GmbH
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Balluff GmbH
- Baumer (Singapore) Pte., Ltd.
- Branson Ultrasonics Corporation
- Cambridge Ultrasonics
- Crest Ultrasonics Corp.
- Hielscher USA, Inc.
- Honeywell International, Inc.
- Migatron Corp.
- Murata Manufacturing Co., Ltd.
- Pepperl+Fuchs GmbH
- Rockwell Automation, Inc.
- Senix Corp.
- Siemens AG
- Toposens GmbH
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 246 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 4.3 Billion |
Forecasted Market Value ( USD | $ 6.1 Billion |
Compound Annual Growth Rate | 4.5% |
Regions Covered | Global |