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Ultrasonic Sensors Market Size
- Report ID: GMI5048
- Published Date: Feb 2023
- Report Format: PDF
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 Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Ultrasonic Sensors 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: |
Frequently Asked Questions (FAQ) :
Ultrasonic Sensors Market Scope
