Ultrasonic sensor market in Asia-Pacific is expected to grow from US$ 1.30 Bn in 2018 to US$ 3.03 Bn by the year 2027. This represents a CAGR of 9.9% from the year 2019 to 2027.
The ultrasonic sensors measure distance through ultrasonic waves. The sensor head releases an ultrasonic wave and accepts the wave reflected back from a target. These sensors measure the distance to the target by calculating the time between emission and reception. The ultrasonic sensors are broadly used in diverse industries, including food & beverage, chemical, medical, automotive, agriculture, process, wastewater management, and more. These sensors have their application in a conveyor belt, smart parking, vehicle detection for car washes, pallet detection with forklifts, diagnosis, liquid level sensing, trash level monitoring, production lines, and others.
Moreover, owing to the features of these sensors, the scope of the ultrasonic sensors in the manufacturing sector is rising. The positive outlook of the global manufacturing sector is driving the adoption of the ultrasonic sensors in the process lines of manufacturing units. China, Japan, India, and South Korea, are some of the prominent countries of manufacturing industries in which the demand for ultrasonic sensors is expected to grow.
Currently, China is dominating the ultrasonic sensor market in terms of installation, which in turn boosts the demand for the ultrasonic sensor market in the region. China is the largest manufacturer in the world, with the presence of several diverse industries. Also, the county has a robust automotive sector and is the largest producer of automobile vehicles around the globe. The country houses some of the major automotive manufacturers such as Geely and SAIC Motor. The demand for ultrasonic sensors is high in the automotive sector due to the application of ultrasonic sensors in vehicles and production lines. Therefore, the presence of a strong automotive industry is expected to support the growth of the ultrasonic sensor market in China. The figure given below highlights the revenue share of Rest of Asia-Pacific in the Asia-Pacific ultrasonic sensor market in the forecast period:
Rest of Asia-Pacific Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
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ASIA-PACIFIC Ultrasonic Sensor MARKET - SEGMENTATION
Asia-Pacific Ultrasonic Sensor Market – By Technology
- Stereo Vision
- Time-of-Flight
- Structured Light
Asia-Pacific Ultrasonic Sensor Market – By End-user Vertical
- Healthcare
- Aerospace
- Industrial
- Automotive
- Consumer Electronics
- Others
Asia-Pacific Ultrasonic Sensor Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia-Pacific Ultrasonic Sensor Market -Companies Mentioned
- Balluff Inc.
- Baumer Group
- Robert Bosch GmbH
- Honeywell International, Inc.,
- Keyence Corporation
- Murata Manufacturing Co. Ltd.
- Omron Corporation
- Pepperl+Fuchs AG
- Rockwell Automation, Inc.
- Siemens AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific Ultrasonic Sensor Market – By Type
1.3.2 Asia-Pacific Ultrasonic Sensor Market – By Application
1.3.3 Asia-Pacific Ultrasonic Sensor Market – By Industry Vertical
1.3.4 Asia-Pacific Ultrasonic Sensor Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific Ultrasonic Sensor Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia-Pacific Ultrasonic Sensor Market – Key Market Dynamics
5.1 Key Drivers
5.1.1 Rapidly growing manufacturing industry in the region
5.1.2 Increasing demand of automation across different industry verticals
5.2 Key Restraints
5.2.1 Availability of substitute sensor types
5.3 Key Opportunities
5.3.1 Soaring Demand for Autonomous Vehicles
5.4 Future Trends
5.4.1 Implementation of ultrasonic sensors in agriculture sector
5.5 Impact Analysis of Drivers and Restraints
6. Ultrasonic Sensor Market – Asia-Pacific Market Analysis
6.1 Overview
6.2 Asia-Pacific Ultrasonic Sensor Market Revenue and Forecasts To 2027 (US$ Mn)
7. Asia-Pacific Ultrasonic Sensor Market Analysis – By Type
7.1 Overview
7.2 Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027
7.3 Proximity Sensors
7.3.1 Overview
7.3.2 Proximity Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Retro- Reflective Sensors
7.4.1 Overview
7.4.2 Retro-Reflective Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Through Beam Sensors
7.5.1 Overview
7.5.2 Through Beam Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Forecast and Analysis
8. Asia-Pacific Ultrasonic Sensor Market Analysis – By Application
8.1 Overview
8.2 Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027
8.3 Liquid Level Detection
8.3.1 Overview
8.3.2 Liquid Level Detection Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Production Line
8.4.1 Overview
8.4.2 Production Line Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Distance Measurement
8.5.1 Overview
8.5.2 Distance Measurement Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Asia-Pacific Ultrasonic Sensor Market Analysis – By Industry Vertical
9.1 Overview
9.2 Asia-Pacific Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027
9.3 Food and Beverage
9.3.1 Overview
9.3.2 Food and Beverage Market Forecast and Analysis
9.4 Medical
9.4.1 Overview
9.4.2 Medical Market Forecast and Analysis
9.5 Automotive
9.5.1 Overview
9.5.2 Automotive Market Forecast and Analysis
9.6 Oil & Gas
9.6.1 Overview
9.6.2 Oil & Gas Market Forecast and Analysis
9.7 Industrial
9.7.1 Overview
9.7.2 Industrial Market Forecast and Analysis
9.8 Others
9.8.1 Overview
9.8.2 Others Market Forecast and Analysis
10. Asia-Pacific Ultrasonic Sensor Market – Country Analysis
10.1.1 APAC Ultrasonic Sensor Market Breakdown, By Key Country
10.1.1.1 Australia Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.1.1 Australia Ultrasonic Sensor Market Breakdown, By Type
10.1.1.1.2 Australia Ultrasonic Sensor Market Breakdown, By Application
10.1.1.1.3 Australia Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.1.1.2 China Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.2.1 China Ultrasonic Sensor Market Breakdown, By Type
10.1.1.2.2 China Ultrasonic Sensor Market Breakdown, By Application
10.1.1.2.3 China Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.1.1.3 India Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.3.1 India Ultrasonic Sensor Market Breakdown, By Type
10.1.1.3.2 India Ultrasonic Sensor Market Breakdown, By Application
10.1.1.3.3 India Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.1.1.4 Japan Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.4.1 Japan Ultrasonic Sensor Market Breakdown, By Type
10.1.1.4.2 Japan Ultrasonic Sensor Market Breakdown, By Application
10.1.1.4.3 Japan Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.1.1.5 South Korea Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.5.1 South Korea Ultrasonic Sensor Market Breakdown, By Type
10.1.1.5.2 South Korea Ultrasonic Sensor Market Breakdown, By Application
10.1.1.5.3 South Korea Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.1.1.6 Rest of APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.6.1 Rest of APAC Ultrasonic Sensor Market Breakdown, By Type
10.1.1.6.2 Rest of APAC Ultrasonic Sensor Market Breakdown, By Application
10.1.1.6.3 Rest of APAC Ultrasonic Sensor Market Breakdown, By Industry Vertical
11. Ultrasonic Sensor Market - Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Baumer Group
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Balluff GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Honeywell International Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Keyence Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Murata Manufacturing Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Product and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Migatron Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Omron Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Pepperl+Fuchs AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Rockwell Automation, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Siemens AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Asia-Pacific Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 3. APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 4. APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 5. Australia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 6. Australia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 7. Australia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 8. China Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 9. China Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 10. China Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 11. India Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 12. India Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 13. India Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 14. Japan Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 15. Japan Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 16. Japan Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 17. South Korea Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 18. South Korea Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 19. South Korea Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 20. Rest of APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 21. Rest of APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 22. Rest of APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 23. Glossary of Terms, Ultrasonic Sensor Market
LIST OF FIGURES
Figure 1. Asia-Pacific Ultrasonic Sensor Market Segmentation
Figure 2. Asia-Pacific Ultrasonic Sensor Market Segmentation – Country
Figure 3. Asia-Pacific Ultrasonic Sensor Market Overview
Figure 4. Through beam sensors type held the largest share in Asia-Pacific ultrasonic sensor market in 2018
Figure 5. Production line application segment held the largest share in Asia-Pacific ultrasonic sensor market in 2018
Figure 6. Industrial segment represented the largest share in Asia-Pacific ultrasonic sensor market in 2018
Figure 7. Asia-Pacific Ultrasonic Sensor Market, Industry Landscape
Figure 8. APAC PEST Analysis
Figure 9. Ultrasonic Sensor Market- Ecosystem Analysis
Figure 10. Ultrasonic Sensor Market Driver and Restraints – Impact Analysis
Figure 11. Asia-Pacific Ultrasonic Sensor Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 12. Asia-Pacific Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027 (%)
Figure 13. Asia-Pacific Proximity Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Asia-Pacific Retro-Reflective Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Asia-Pacific Through Beam Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Asia-Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Asia-Pacific Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027 (%)
Figure 18. Asia-Pacific Liquid Level Detection Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Asia-Pacific Production Line Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Asia-Pacific Distance Measurement Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Asia-Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Asia-Pacific Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
Figure 23. Asia-Pacific Food and Beverage Market Revenue And Forecasts To 2027(US$ Mn)
Figure 24. Asia-Pacific Medical Market Revenue And Forecasts To 2027(US$ Mn)
Figure 25. Asia-Pacific Automotive Market Revenue And Forecasts To 2027(US$ Mn)
Figure 26. Asia-Pacific Oil & Gas Market Revenue And Forecasts To 2027(US$ Mn)
Figure 27. Asia-Pacific Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Asia-Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. APAC Ultrasonic Sensor Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 30. Australia Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 31. China Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. India Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 33. Japan Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 34. South Korea Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 35. Rest of APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies - Asia Pacific Ultrasonic Sensor Market
- Balluff Inc.
- Baumer Group
- Robert Bosch GmbH
- Honeywell International, Inc.
- Keyence Corporation
- Murata Manufacturing Co. Ltd.
- Omron Corporation
- Pepperl+Fuchs AG
- Rockwell Automation, Inc.
- Siemens AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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