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Ultrasonic Sensors Market Share

Report ID: GMI5048
Published Date: Feb 2023
Report Format: PDF

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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.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Market size for ultrasonic sensors was worth more than USD 4.5 billion in 2022 and is anticipated to exhibit over 10% CAGR from 2023-2032.

Retro-reflective sensors held over 30% share of the ultrasonic sensors industry in 2022 owing to expanding application scope in factory automation, life science, electronics, and the automotive sector.

Asia Pacific ultrasonic sensors market size is projected to reach USD 7 billion by 2032 driven by the increasing industrial and manufacturing output.

Rockwell Automation Inc., Robert Bosch GmbH, TE Connectivity Ltd, Texas Instruments, SCHNEIDER ELECTRIC SE, and TDK Corporation are some of the major manufacturers of ultrasound sensors.