The Global Mass Notification Systems Market is estimated to account for US$ 5,990.7 Mn in terms of value by the end of 2023. Ultrasonic Sensor is a type of sensor that uses sound waves to measure distance. It is a highly accurate, low-cost solution for detecting objects. Ultrasonic sensors are used for a variety of applications such as detecting objects and measuring distances. An ultrasonic sensor can handle a relatively large surface area but it is best suited for larger, more solid objects with flat surfaces that have a smooth surface. Objects with rough surfaces are not well suited for an ultrasonic sensor because of the acoustic characteristics of the material.
Global Mass Notification Systems Market: Drivers
Emergence of autonomous and connected vehicles is expected to propel growth of the global Mass Notification Systems Market during the forecast period. With increasing emergence of autonomous and connected vehicles, integration of ultrasonic sensors for measuring the distance between nearby objects and vehicle is becoming necessary in order to alert car systems as well as to prevent accidents. Thus, this factor is in turn anticipated to augment growth of the global Mass Notification Systems Market over the forecast period.
Global Mass Notification Systems Market: Opportunities
Rise in use of ultrasonic sensors in manufacturing sector is expected to offer several lucrative opportunities in the global Mass Notification Systems Market over the forecast period. Ultrasonic sensors are used in manufacturing sector in various applications such as liquid level control, high-speed object counting on a conveyor belt, robotic sensing, and box sorting scheme. Thus, the demand for ultrasonic sensors is increasing in the global manufacturing industry, creating multiple opportunities in the market.
Global Mass Notification Systems Market: Restraints
Sensitivity of ultrasonic sensors to changing temperature and need for skilled technicians is expected to hinder growth of the global Mass Notification Systems Market during the forecast period. Ultrasonic sensors are highly sensitive to change in environment such as airborne particles, temperature, air turbulence, and weight. This impacts the reaction of these sensors, which can further affect the accuracy of measurements. Moreover, operating these sensors when interfaced with any kind of controller including microcontrollers, it requires an experienced individual or programmer. Thus, these factors can impede adoption of ultrasonic sensors, which in turn is expected to hamper growth of the global Mass Notification Systems Market during the forecast period.
Covid-19 Impact Analysis:
The outbreak of coronavirus has impacted multiple industries. The global Mass Notification Systems Market is positively impacted by the COVID-19 pandemic. During this period, social distancing was an important preventative measure implemented by several governments to curb the virus spread. This further increased demand for ultrasonic sensors in applications for accurate distance measuring, exposure timing, too close warnings, as well as for tracking contact tracing. Thus production and sales in the market studied increased significantly, which in turn positively impacted the market growth.
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Key Takeaways:
The global Mass Notification Systems Market is expected to be value at US$ 5,990.7 Mn in 2023 and is forecast to reach a value of US$ 11,515.4 Mn by 2030 at a CAGR of 9.8% between 2022 and 2030.
Bulk Piezoelectric Transducer segment held dominant position in the global Mass Notification Systems Market in 2021, accounting for 89.6% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Mass Notification Systems Market Trends:
Increasing disposable incomes and adoption of smart homes in emerging countries is a growing trend in the global Mass Notification Systems Market. Due to the adoption of smart homes in these countries, the penetration of IoT devices is increasing rapidly, which is further fueling the demand for ultrasonic sensors. These IoT devices are widely used as motion sensors for detecting and monitoring the functioning of home appliances for ensuring safety and security. Thus, this trend is likely to boost growth of the global Mass Notification Systems Market during the forecast period.
With the rising deals and creation of vehicles combined with the expanded client uses, the car business is supposed to add to the amazing learning experiences for the Worldwide Mass Notification Systems Market internationally. For instance, the number of automobiles produced worldwide in 2021 was 80 million, up from 78 million in 2020.
Global Mass Notification Systems Market: Competitive Landscape
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
Global Mass Notification Systems Market: Recent Developments
In January 2021, Qualcomm Technologies, Inc., a semiconductor company, had launched a second-generation 3D Sonic Sensor with various enhancements over Generation 1. The 3D Sonic Sensor is an ultrasonic reader for fingerprints and it makes use of sound waves for scanning a fingerprint. This sensor is utilized mostly to deliver in-display security solution.
