The Global Ultrasonic Sensors Market Growth Accelerated By Rise In Factory Automation

https://www.coherentmarketinsights.com/market-insight/ultrasonic-sensors-market-5683
Ultrasonic Sensors Market



Ultrasonic sensors are used to detect, measure, and monitor distance in non-contact measurement applications across varied industries such as industrial manufacturing, healthcare, oil & gas, and automotive. Ultrasonic sensors help identify obstacles, measure thickness and gaps, position objects and monitor processes. Their non-contact sensing capability makes them ideal for applications where contact is not desired or not possible. With increasing factory automation and rising demand for non-contact sensing, the adoption of ultrasonic sensors is growing significantly.

The global Ultrasonic Sensors Market is estimated to be valued at US$ 5968.93 Mn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

The increasing adoption of Industry 4.0 and factory automation strategies across industries has fueled the demand for ultrasonic sensors significantly. Ultrasonic sensors help factories achieve centralized monitoring of production processes through non-contact sensing and facilitate efficiency. They allow real-time data collection from machines on the production floor which helps optimize processes. The ability of ultrasonic sensors to accurately monitor processes without any contact or risk of contamination makes them ideal for automated production environments. This is a key factor driving the growth of the ultrasonic sensors market. Implementation of ultrasonic sensors in robotic applications for obstacle detection, distance measurement and anti-collision functions has also augmented the market expansion.

Segment Analysis

The global ultrasonic sensors market is segmented by product type, technology, application and geography. By product type, the market is classified into proximity sensors, reflex sensors and through-beam sensors. Proximity sensors are expected to dominate the market during the forecast period. Proximity sensors account for more than 60% of market share owing to their extensive usage in industrial automation applications for presence detection, object location and distance measurements.

Key Takeaways

The global Ultrasonic Sensors Market Demand is expected to witness high growth during the forecast period of 2023-2030. The market size is projected to reach US$ 9968.93 Mn by 2030, registering a CAGR of 9.8% during the forecast period.

Regional Analysis

Asia Pacific region is projected to dominate the ultrasonic sensors market during the forecast period. Rapid industrialization and growth of the automotive industry in countries like China and India are driving the demand for ultrasonic sensors in the region. Technological advancements and declining sensor prices are increasing the adoption of ultrasonic sensors across various industrial applications in the region. Key players are expanding their production capacities to cater to the growing demand from Asia Pacific countries.

Key Players

Key players operating in the ultrasonic sensors market are 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.


Comments

Post a Comment

Popular posts from this blog

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is
Read more

Dairy Alternative Market Expected To Reach USD 26.01 Billion By 2023

Image
Dairy Alternative Market Market Overview: Dairy alternative products are gaining significant popularity due to their numerous advantages. These products are plant-based, making them suitable for individuals with lactose intolerance or those following a vegan diet. They offer similar nutritional benefits as traditional dairy products such as milk, cheese, and yogurt, while also addressing concerns related to animal welfare and environmental sustainability. The growing demand for dairy alternative products among health-conscious consumers is driving market growth. Market Key Trends: One key trend observed in the dairy alternative market is the increasing preference for plant-based milk substitutes. Plant-based milk alternatives such as almond milk, soy milk, and oat milk, among others, are gaining traction among consumers as a healthier and more sustainable option compared to traditional dairy milk. These plant-based milk alternatives offer various benefits such as being lactose-free, c
Read more

Antimicrobial Additives Market Growth Accelerated By Rising Demand From End-Use Industries

Image
Antimicrobial Additives Market Antimicrobial additives are extensively used in a wide range of end-use industries such as healthcare, packaging, food and beverage, construction, and automotive. These additives help protect various materials from microorganisms such as bacteria, viruses, etc. Some key applications of antimicrobial additives include packaging of food, medical devices, fabrics, flooring, coatings, etc. The ongoing COVID-19 pandemic has further increased the importance of hygiene and sanitation, driving demand for antimicrobial materials from various sectors. The global Antimicrobial Additives Market is estimated to be valued at US$ 3.47 Bn in 2024 and is expected to exhibit a CAGR of 25.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key drivers of the market's growth is the rising demand for antimicrobial additives from the packaging industry. Packaging manufacturers
Read more