Report Scope & Overview:
Automotive Ultrasonic Sensors Market Size was valued at USD 4.27 billion in 2022 and is expected to reach USD 7.02 billion by 2030 and grow at a CAGR of 6.4% over the forecast period 2023-2030.
An ultrasonic sensor uses ultrasonic sound waves to determine the distance between a target object and a transducer to send and receive ultrasonic pulses and monitor time lapses between transmission and reception. The growing use of ultrasonic sensors for item detection, distance measurement, and pallet detection, among other things, across numerous industries and sectors is propelling the market forward. Furthermore, because these sensors may be used to address a wide range of needs in the food and beverage industry, their popularity has skyrocketed in recent years.
Ultrasonic sensors produce shorter wavelengths than electromagnetic sensors because they use higher frequencies. This translates to improved picture processing resolution. As a result, these technologies are becoming more widely used in medical applications like radiography. These technologies are also utilized in autonomous mobile robots (AMRs) to detect obstacles and determine the distance between the vehicle and the nearest one. Ultrasonic sensors detect the distance to a nearby obstacle and assist in avoiding a collision.
Siemens will deploy ACUSON Sequoia in Sept 2020. It aids in the resolution of ultrasonic imaging industrial difficulties. The use of a Deep Abdominal Transducer, provides new updates on contrast-enhanced ultrasonography (DAX). It has a 40cm penetration range. It allows for higher-resolution photography at deeper depths while maintaining real-time performance.
Rising demand for AMRs in industries and sectors is expected to considerably enhance market growth.
Ultrasonic sensors are increasingly being used in a variety of sectors, which is propelling the market forward.
The use of ultrasonic sensors grows in the food and beverage industry.
The market's expansion could be hampered by a limited detecting range.
The limited detection range of ultrasonic sensors is a major barrier to the ultrasonic sensor market revenue.
The market's expansion is limited by the availability of replacement sensors.
The business is predicted to benefit from increased demand from the healthcare sector for a variety of applications.
Surveillance drones are becoming more popular.
The market is likely to benefit from a rise in the use of ultrasonic sensors in smart applications.
Limitations in detecting range could stifle industry expansion.
Ultrasonic sensors may be physically too deep for installation in the bumper due to the existence of the crash protection bar.
IMPACT OF COVID-19:
The COVID-19 epidemic has had a severe impact on the electronics and semiconductor industries. Due to a rise in COVID-19 instances, business and manufacturing units in numerous countries have been closed, and are expected to stay closed in 2021. Additionally, the partial or total lockdown has affected global supply networks, making it difficult for manufacturers to access customers. Although the overall production process has been harmed, the increased use of ultrasonic sensors in the healthcare business has bolstered worldwide ultrasonic sensor market trends.
The COVID-19 pandemic is causing devastation on the world economy and society. The outbreak's influence is expanding by the day, and it's having an impact on worldwide industry. The crisis is causing stock market instability, a drop in corporate confidence, a major slowdown in the supply chain, and an increase in panic among client segments.
KEY MARKET PLAYERS:
Balluff GmbH, Baumer Group, Hans Turck GmbH & Co. KG (Turck), Banner Engineering Corp., Honeywell International Inc., OMRON Corporation, Pepperl+Fuchs SE, Murata Manufacturing Co., Ltd, IIFM Electronics, Rockwell Automation, Inc., Siemens and Sick AG are some of the affluent competitors with significant market share in the Automotive Ultrasonic Sensors Market.
Market, By Type:
Based on the type segment, the global market has been divided into Level Measurement, Distance Measurement, Obstacle Detection, and Others. Due to the rising use of these systems in car accident-avoidance systems, the obstacle detection sector accounted for over 10% of the market share in 2020. Because of the growing need for level sensors for continuous level monitoring, the level measurement segment is expected to grow at a promising CAGR.
Market, By Technology:
The global market has been divided into Retro-reflective Sensor, Through-beam Sensor, and Others based on the technology segment. In 2020, the retro-reflective sector accounted for 40% of the market. This is due to the benefits afforded by these sensors to identify transparent objects with high accuracy. Retro-reflective sensors are very easy to use because they have a simple optical axis adjustment and wiring.
Market, By End-user:
Based on the end-user segment, the global market has been divided into Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Industrial, and Others. The automobile category will hold a 15% share of the market. Ultrasonic sensors are frequently employed in applications in the automotive industry. Because of the increased need for ultrasonography and ultrasonic scanning, the healthcare segment is expected to grow at the fastest rate over the forecast period.
Aerospace & Defense
Europe dominated the market with a 30 percent market share in 2020. Ultrasonic sensors help surgeons work with pinpoint accuracy in minimally invasive surgery. Countries like Germany and France, which are home to the world's largest video gaming networks, have seen a sharp surge in the usage of these systems in augmented reality and virtual reality devices in the region. Ultrasonic sensors are used to measure the distance to an item in augmented reality and virtual reality headsets for gaming consoles. Because of the increasing need for factory automation in the region's manufacturing sector, the Asia Pacific region is expected to grow at a promising CAGR over the projection period. The region's rapidly expanding car manufacturing industry is expected to drive demand for these systems even higher.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 4.27 Billion|
|Market Size by 2030||US$ 7.02 Billion|
|CAGR||CAGR of 6.4% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Level Measurement, Distance Measurement, Obstacle Detection, Others)
• by Technology (Retro-reflective Sensor, Through-beam Sensor, Others)
• by End-user (Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Industrial, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Balluff GmbH, Baumer Group, Hans Turck GmbH & Co. KG (Turck), Banner Engineering Corp., Honeywell International Inc., OMRON Corporation, Pepperl+Fuchs SE, Murata Manufacturing Co., Ltd, IIFM Electronics, Rockwell Automation, Inc., Siemens and Sick AG|
|Key Drivers||•Rising demand for AMRs in industries and sectors is expected to considerably enhance market growth.
•Ultrasonic sensors are increasingly being used in a variety of sectors, which is propelling the market forward.
|RESTRAINTS||•The market's expansion could be hampered by a limited detecting range.
•The limited detection range of ultrasonic sensors is a major barrier to the ultrasonic sensor market revenue.
An ultrasonic sensor uses ultrasonic sound waves to determine the distance between a target object and a transducer to send and receive ultrasonic pulses and monitor time lapses between transmission and reception.
Automotive Ultrasonic Sensors Market Size was valued at USD 4.27 billion in 2022.
The major players in market are Balluff GmbH, Baumer Group, Hans Turck GmbH & Co. KG (Turck), Banner Engineering Corp., Honeywell International Inc., OMRON Corporation, Pepperl+Fuchs SE, Murata Manufacturing Co., Ltd, IIFM Electronics, Rockwell Automation, Inc., Siemens and Sick AG, and others in the final report.
forecast period of Automotive Ultrasonic Sensors Market is 2022-2030.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Ultrasonic Sensors Market Segmentation, By Type
8.1 Level Measurement
8.2 Distance Measurement
8.3 Obstacle Detection
9. Global Automotive Ultrasonic Sensors Market Segmentation, By Technology
9.1 Retro-reflective Sensor
9.2 Through-beam Sensor
10. Global Automotive Ultrasonic Sensors Market Segmentation, By End-user
10.1 Consumer Electronics
10.3 Aerospace & Defense
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Balluff GmbH
12.3 Baumer Group
12.4 Hans Turck GmbH & Co. KG (Turck)
12.5 Banner Engineering Corp.
12.6 Honeywell International Inc.
12.7 OMRON Corporation
12.8 Pepperl+Fuchs SE
12.9 Murata Manufacturing Co., Ltd
12.10 IIFM Electronics
12.11 Rockwell Automation, Inc.
12.12 Sick AG
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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