Ultrasonic Sensors Market is Anticipated to Grow At a CAGR of 12% During 2022-2030

The ultrasonic sensors market size is expected to grow from US$ 5,138.4 Mn in 2022 to ~US$ 13,241.8 Mn by 2030. Demand for ultrasonic sensors is anticipated to grow at a CAGR of 12% during 2022-30.

The ultrasonic sensors accounts for almost 12% market share of global sensors market. Ultrasonic sensors are used throughout many applications and industries, for object detection, distance measurement, liquid level measurement, and anti-collision detection among others.

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Important point: Ultrasonic sensor market

• The automotive industry is estimated to record a CAGR of 15.5% in the ultrasonic sensor market, and demand for collision prevention and distance measurement sensors is skyrocketing.

• The liquid level measurement segment will dominate in 2020, with a market share of 38.5%, followed by distance measurement and object detection.
• The through beam sensor segment is expected to grow 12% year-on-year due to features such as the powerful acoustic beam.
• The South Asian and Pacific ultrasound sensor markets are estimated to record a high CAGR as the healthcare sector demands better imaging technology.

Impact analysis of COVID-19 in the ultrasonic sensor market

The COVID-19 pandemic is affecting companies around the world. Severe blockades have disrupted the production of ultrasonic sensors as the raw material supply chain remains disrupted.

The situation remains serious, as the government still imposes physical distance norms for protection, but the supply chain is slowly normalizing.

However, the demand for ultrasonic sensors will take some time to choose due to the sluggish industry. Not only is it an important part of automation, it is also used in healthcare, a major revenue-generating sector. If car sales decline to zero, it is projected to have a huge impact on the market in the next few days. On the other hand, increasing awareness of smart homes and lighting solutions is expected to be a good precursor to the market.

 “Major players are partnering with players who offer innovative and differentiated products to different industries. Therefore, mergers, acquisitions and partnerships are market players to enhance their market presence. It is expected to be a consistent trend among the players. Players are focused on providing ultrasonic sensors that can withstand the harshest conditions, so the sensors can be used in harsh environments, “FMI analysts said. Says.

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Increasing adoption of ultrasonic sensors in medical applications

As these sensors are risk-free alternatives to radiography solutions and are alternatives to piezoelectric sensors, the demand for ultrasound sensors for medical applications is increasing. Ultrasonic sensors are widely used in medical applications because they can visualize the internal state of the human body without damaging it.

They are used for various medical tests, including the diagnosis of internal organs such as the kidneys, liver and gallbladder, and for tracking fetal growth and its health. Ultrasound sensors can be visualized in real time and are used for tissue biopsy sampling while locating target organs.

Ultrasound sensors are also used for close eye examination, heart diagnosis, and breast cancer examination to detect the presence of lumps under the breast. An ultrasound sensor is used to examine the uterus to detect physical abnormalities in the uterus. In addition, ultrasonic sensors help detect arteriosclerosis by checking intima thickness measurements, blood flow, and endothelial function tests.

The widespread use of these sensors in the healthcare field is projected to play an important role in offsetting long-term losses. The adoption of ultrasonic sensors in the medical field is estimated to increase 1.5 times from 2019 to 2020.

More valuable insights into the ultrasonic sensor market

FMI reports on the ultrasonic sensor market include types (proximity sensors, retroreflection sensors, through-beam sensors, etc.), applications (object detection, distance measurement, liquid level measurement, collision prevention detection, etc.), industry (automobiles, food and more). Evaluate opportunities in the ultrasonic sensor market for beverages, medicine, industry, oil and gas, etc.) and regions (North America, Latin America, Europe, East Asia, South Asia and the Pacific, Middle East and Africa).

Ultrasonic sensors are widely used in robotics because they are not affected by moisture, dust and dirt, and because light does not affect the sensor’s ability to detect, they are also used in dark environments. In addition, the use of robotics to avoid obstacles through real-time communication is expected to drive the market.