SNS Insider Black Friday Offer
Automotive Ultrasonic Sensors Market

Automotive Ultrasonic Sensors Market Size, Share and Segmentation 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), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1608 | June 2022 | Region: Global | 130 Pages

Report Scope & Overview:

Automotive Ultrasonic Sensors Market Size was valued at USD 4.02 billion in 2021 and is expected to reach USD 6.20 billion by 2028 and grow at a CAGR of 6.4% over the forecast period 2022-2028.

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.

Automotive Ultrasonic Sensors Market Revenue Graph

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.

MARKET DYNAMICS: 

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.

  • The use of ultrasonic sensors grows in the food and beverage industry.

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.

  • The market's expansion is limited by the availability of replacement sensors.

OPPORTUNITIES: 

  • 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.

CHALLENGES: 

  • 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 ESTIMATION: 

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.

MARKET SEGMENTATION:

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

Automotive Ultrasonic Sensors Market Segment Chart

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

Automotive Ultrasonic Sensors Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.02 Billion
Market Size by 2028 US$ 6.20  Billion
CAGR CAGR of 6.4% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

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

8.4 Others

 

9. Global Automotive Ultrasonic Sensors Market Segmentation, By Technology

9.1 Retro-reflective Sensor

9.2 Through-beam Sensor

9.3 Others

 

10. Global Automotive Ultrasonic Sensors Market Segmentation, By End-user

10.1 Consumer Electronics

10.2 Automotive

10.3 Aerospace & Defense

10.4 Healthcare

10.5 Industrial

10.6 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Siemens,

12.1.1 Financial

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

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.