Ultrasonic Sensors are one of the most common sensors used for industrial automation. They support process improvement, quality control and resource management, allowing for safe, efficient and economical production. It is a versatile, robust and reliable sensor that can be used in multiple application areas, including automotive, industrial automation, drones, grain bin sensing, water level sensing, robotic navigation, etc. As with any other non-contact sensing system, the accuracy of an ultrasonic sensor can be impacted by temperature and humidity. For example, a high-temperature environment could result in inaccurate readings that could lead to costly mistakes or equipment damage.

Market Dynamics:

The rising usage of ultrasonic sensor devices in automobiles for various applications, such as object detection and identification, level sensing in fuel tanks, and park assist systems is expected to propel growth of the global ultrasonic sensors market during the forecast period.

However, the limited detection range of these sensors is a major restraining factor expected to hamper growth of the global ultrasonic sensors market over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global ultrasonic sensors market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global ultrasonic sensors market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Keyence Corporation, Pepperl+Fuchs, Honeywell International Inc., Baumer Ltd., Rockwell Automation, Murata Manufacturing Co. Ltd., Omron Corporation, Sick AG, Banner Engineering, Baluff Inc., Robert Bosch GmbH, Qualcomm Incorporated, TDK Corporation, Sensata Technologies, and Denso Corporation.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global ultrasonic sensors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ultrasonic sensors market

Detailed Segmentation:

• Global Ultrasonic Sensors Market, By Technology
  • Bulk Piezoelectric Transducer
  • Micromachined Ultrasound Transducers (MUT)
• Global Ultrasonic Sensors Market, By End User Vertical
  • Automotive
  • Consumer
  • Industrial
  • Medical
  • Other End user Verticals
• Global Ultrasonic Sensors Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Keyence Corporation
  • Pepperl+Fuchs
  • Honeywell International Inc.
  • Baumer Ltd
  • Rockwell Automation
  • Murata Manufacturing Co. Ltd
  • Omron Corporation
  • Sick AG
  • Banner Engineering
  • Baluff Inc.
  • Robert Bosch GmbH
  • Qualcomm Incorporated
  • TDK Corporation
  • Sensata Technologies
  • Denso Corporation