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Ultrasonic Sensors Market Size
Ultrasonic Sensors Market size was worth more than USD 4.5 billion in 2022 and is anticipated to exhibit over 10% CAGR from 2023-2032. The increasing popularity of autonomous vehicles is expected to boost the demand for ultrasonic sensors.
The advent of connected and autonomous vehicles is necessitating the integration of ultrasonic sensors to measure the distance between the vehicle and nearby objects to alert car systems and prevent accidents. Moreover, the paradigm shift toward automotive IoT and the increasing dependence of V2X vehicles on ultrasonic sensor data to communicate road hazard warnings will complement the industry outlook.
Furthermore, the growing disposable incomes and the increasing adoption of smart homes across developing countries are resulting in rapid penetration of IoT devices, thus fuelling the demand for ultrasonic sensors. These devices are extensively used as motion sensors to detect and monitor the functioning of home appliances to ensure security and safety. The emergence of trends such as IoT home automation has also escalated the need for adequate safety features.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 4.5 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10% |
| 2032 Value Projection: | USD 12 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 530 |
| Segments covered: | Type, Structure Type, Application, Industrial Vertical |
| Growth Drivers: | |
| Pitfalls & Challenges: |
Concerns over short detection range may impede the adoption of ultrasonic sensors
Limited detection range of ultrasonic sensors is a major restraining factor impeding the ultrasonic sensors market growth. The speed of ultrasonic waves gradually declines from more than 20,000 Hz when traveling long distances, which results in audible waves. Therefore, ultrasonic sensors are not compatible with long-range detection requirements, thus impeding their application. However, the increasing use of these sensors in liquid manufacturing facilities to detect, monitor and regulate liquid levels to prevent losses in terms of quantity and quality during transportation within closed containers may help expand their use in different applications.
Ultrasonic Sensors Market Analysis
Retro-reflective sensors held more than 30% share of the ultrasonic sensors industry in 2022. Retro-reflective sensors are widely integrated into smartphones owing to their compact nature. The rapid penetration of smartphones and the increasing consumer interest in novel features such as fingerprint scanners will proliferate the demand for retro-reflective sensors. These sensors are also increasingly used in factory automation, metalworking, life science, and the automotive sector to detect small pallets of colored plastic while passing over a conveyor belt. Moreover, the ongoing R&D and innovation in the field of optoelectric and photoelectric sensors will accelerate the production of retro-reflective devices.
Ultrasonic sensors market size from the industrial segment is expected to record over 10% CAGR between 2023-2032. The growing focus on ultrasonic sensors for industrial use cases can be attributed to the emergence of smart factories, that are equipped with robots and advanced technologies to assist manufacturing operations. Ultrasonic sensors play a key role in the production of multiple products right from cars to chemicals for accurate measurement and detection of product movement.
Several governments are encouraging the adoption of smart solutions to adapt to the ongoing transition to Industry 4.0 and digitization. For instance, in May 2022, NASSCOM, the Government of Gujarat, COE-IoT & AI, Meity, and DST jointly launched the world’s first Smart Manufacturing Competency Centre (SMCC) in India to boost the adoption of smart manufacturing technologies.
In terms of revenue, the ultrasonic sensors market share from obstacle detection is estimated to reach USD 2 billion by the end of 2032. Obstacle detection systems play a crucial role in modern vehicles as they provide comprehensive insights into the surrounding roadblocks and dangers that could potentially damage the vehicle and the driver/passenger. The rising demand for ADAS in vehicles is expected to spur the adoption of ultrasonic sensors. Additionally, the extensive research focusing on the potential of ultrasonic sensors to facilitate navigation and obstacle detection for the visually impaired will enhance the industry growth.
Ultrasonic sensors market valuation from open-type ultrasonic sensors is poised to surpass USD 9 billion by 2032. The growing demand for open-type ultrasonic sensors can be accredited to their surging applications across homes. For instance, these devices find broad utility in motion controllers, automatic doors, vacuum cleaners, range finders, and burglar alarms. With growing disposable incomes and the shifting inclination toward luxury lifestyles, consumers are heavily investing on the modernization of home infrastructures. The increasing spending on home automation and smart technologies will also fuel the need for components such as open-type ultrasonic sensors.
Asia Pacific ultrasonic sensor market size is estimated to record USD 7 billion by 2032. The ongoing technological advancements and the increasing footprint of leading tech giants, such as Xiaomi and Xinhua in the region are expected to consolidate industry growth. The rapidly escalating manufacturing and industrial output across countries such as India and China will foster the substantial demand for ultrasonic sensors across APAC.
Ultrasonic Sensors Market Share
Some of the leading companies in the global ultrasonic sensor market include
- Rockwell Automation Inc.
- Murata Manufacturing Co. Ltd.
- Robert Bosch GmbH
- TE Connectivity Ltd
- Texas Instruments
- SCHNEIDER ELECTRIC SE
- TDK Corporation
These firms are focusing on product innovations and developments to create novel applications. For instance, in December 2022, Shenzhen Dianyingpu Technology Co., Ltd, a Chinese company launched a new non-contact ultrasonic level sensor, DS1603, capable of detecting the height of liquid through the reflection of ultrasonic waves.
Impact of the COVID-19 pandemic
The COVID-19 pandemic helped introduce novel applications of ultrasonic sensors. The dramatic surge in hospitalization rates as well as COVID-19-related mortality led to the imposition of stringent lockdowns and social distancing norms. Governments across the world turned to next-generation technologies to ensure the effective implementation of the new norms and restrictions. Ultrasonic range sensors thus gained significant momentum during the wake of the pandemic to maintain social distancing by measuring the distance between workers accurately. Furthermore, the emergence of IoT-enabled smart masks, automated sanitizer dispensers, and machine-learning-based non-contact patient monitoring empowered extensive R&D activities to discover novel ways to combat the pandemic influenced the industry growth.
The ultrasonic sensors market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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By Type
- Retro-reflective Sensor
- Through-beam Sensor
- Others
By Structure Type
- Open-type Ultrasonic Sensor
- Closed-type Ultrasonic Sensor
By Application
- Level Measurement
- Obstacle Detection
- Distance Measurement
- Others
By Industry Vertical
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Aerospace & Defense
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Latin America
- Mexico
- Brazil
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
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