ULTRASONIC SENSORS MARKET ANALYSIS

Regional Analysis

Global Ultrasonic Sensors Market: Regional Insights

Asia Pacific is expected to gain major share in the global ultrasonic sensors market during the forecast period. This is attributed to expansion of manufacturing facilities by automakers in the region. The presence of electronic product manufacturing industry and several automobile manufacturers in the region is strong. Moreover, governments of countries in Asia Pacific, such as Japan are focused on deployment of autonomous vehicles.

Furthermore, North America also anticipated to show substantial growth in the global ultrasonic sensors market during the forecast period. As the U.S. is one of the most technologically developed economy the use of ultrasonic sensors is naturally high in the region. Furthermore, presence of multiple MNCs in the region driving the investments in smart production and process automation. Moreover, Canada is witnessing rise in safety concerns along with increasing scope of an autonomous vehicle in the region. These factors are thus expected to boost growth of the global ultrasound sensors market in the region over the forecast future.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa