Ultrasonic Sensors Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Proximity Detection, Ranging Measurement), By Application (Distance Measurement, Anti-Collision Detection, Liquid Level Measurement, Object Detection, Others), By Industry Verticals (Automotive, Military and Defense, Oil and Gas, Food and Beverage, Material Handling, Others), And By Geography - Forecasts From 2023 To 2028

The ultrasonic sensors market was valued at US$1.789 billion in 2021 and is projected to expand at a CAGR of 11.43% over the forecast period to reach US$3.815 billion by 2028. 

This research study examines the ultrasonic sensors market based on various segments: type, application, industry vertical, and geography. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the ultrasonic sensors industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the ultrasonic sensors market. Moreover, the research study analyzes the overall regulatory framework of the ultrasonic sensors sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

Ultrasonic sensors market – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.

The scope and coverage of the ultrasonic sensors market report is as below:

• Ultrasonic sensors market data tables and charts
• Market outlook with sections on drivers, restraints, Porter’s, and industry value chain analysis
• Market assessment by the type into proximity detection and ranging measurement.
• Detailed market trends, analysis, and graphical representation by application into distance measurement, anti-collision detection, liquid level measurement, object detection, and others.
• In-depth analysis of the ultrasonic sensors market by industry vertical into automotive, military and defense, oil and gas, food and beverage, material handling, and others.
• A 360o view of the demand for ultrasonic sensors solutions/services across different geographies (North America, South America, Europe, Middle East and Africa, and Asia Pacific) with further breakdown for key countries within those regions.

Ultrasonic Sensors Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$1.789 billion
Market Size Value in 2028	US$3.815 billion
Growth Rate	CAGR of 11.43% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Application, Industry Vertical, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Balluff GmbH, Siemens Ag, Pepperl+Fuchs AG, Omron Corporation, Megatron Corporation, Keyence Corporation, Baumer Group, Banner Engineering Corp
Customization Scope	Free report customization with purchase

 

Different segments covered under the ultrasonic sensors market report are as below:

• By Type
  • Proximity Detection
  • Ranging Measurement
• By Application
  • Distance Measurement
  • Anti-Collision Detection
  • Liquid Level Measurement
  • Object Detection
  • Others
• By Industry Vertical
  • Automotive
  • Military and Defense
  • Oil and Gas
  • Food and Beverage
  • Material Handling
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. ULTRASONIC SENSORS MARKET, BY TYPE

5.1. Introduction

5.2. Proximity Detection

5.3. Ranging Measurement

6. ULTRASONIC SENSORS MARKET, BY APPLICATION

6.1. Introduction

6.2. Distance Measurement

6.3. Anti-Collision Detection

6.4. Liquid Level Measurement

6.5. Object Detection

6.6. Others

7. ULTRASONIC SENSORS MARKET, BY INDUSTRY VERTICAL

7.1. Introduction

7.2. Automotive

7.3. Military and Defense

7.4. Oil and Gas

7.5. Food and Beverage

7.6. Material Handling

7.7. Others

8. ULTRASONIC SENSORS MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Balluff GmbH

10.2. Siemens Ag

10.3. Pepperl+Fuchs AG

10.4. Omron Corporation

10.5. Megatron Corporation

10.6. Keyence Corporation

10.7. Baumer Group

10.8. Banner Engineering Corp

Balluff GmbH

Siemens Ag

Pepperl+Fuchs AG

Omron Corporation

Megatron Corporation

Keyence Corporation

Baumer Group

Banner Engineering Corp