According to the recent study the ultrasonic sensor market is projected to reach an estimated $3.9 billion by 2028 from $2.6 billion in 2023, at a CAGR of 8.5% from 2023 to 2028. Growth in this market is primarily driven by growing application of ultrasonic sensors in object detection, distance measurement, and pallet detection along with increasing incorporation of these sensors in automobiles to embrace advanced technologies, like collision avoidance and parking assistances.
A more than 150-page
report is developed to understand trends, opportunities and forecast in
ultrasonic sensor market by product type (proximity detection and ranging
measurement), application (object detection, liquid level measurement, distance
measurement, anti-collision detection, and others), end use industry (consumer
electronics, automotive, aerospace & defense, healthcare, industrial, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
Download sample report by clicking
on below link
https://www.lucintel.com/ultrasonic-sensor-market.aspx
“Proximity detection market is expected
to remain the largest segment during the forecast period.”
Based on product type,
the ultrasonic sensor market is segmented into proximity detection and ranging
measurement. Lucintel forecasts that the proximity detection market is expected
to remain the largest segment due to the extensive usage of these sensors in
the food and beverage industry and it also helps in counting hidden things and
monitoring tank levels.
“Within the ultrasonic sensor market, the automotive segment is
expected to remain the largest end use industry.”
Based on end use
industry the automotive segment is expected to witness the highest growth over
the forecast period due to the increasing demand of autonomous vehicles and
growing adoption of ultrasonic sensors in various applications, such as object
detection, parking assistance, collision avoidance, safety alarm, and automatic
braking systems.
“Asia pacific will dominate the ultrasonic sensor market in near
future.”
Asia Pacific will remain
the largest region due to rapid expansion of manufacturing sector and growing
automotive industry. This region is also experiencing growing demand for smart
farming equipment and consumer electronics, particularly in India.
Download Brochure of this report by clicking on https://www.lucintel.com/ultrasonic-sensor-market.aspx.
Major players of
ultrasonic sensor market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Keyence,
Pepperl+Fuchs AG, Honeywell, Baumer, and Rockwell Automation are among the
major ultrasonic sensor providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/ultrasonic-sensor-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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