The ultrasonic sensor market accounted to US$ 4.43 Bn in 2018 and is expected to grow at a CAGR of 8.4% during the forecast period 2019 – 2027, to account to US$ 9.09 Bn by 2027.
Geographically, the ultrasonic sensor market is segmented into North America, APAC, Europe, MEA, and SAM. Europe led the ultrasonic sensor market in 2018 with a significant market share, whereas the Asia Pacific is anticipated to be the fastest-growing region during the forecast period of 2019 to 2027. Europe has some well-developed countries, and the region has a strong automotive and chemical sector which is expected to drive the growth of the ultrasonic sensor market in the region. APAC has a strong manufacturing sector and some technologically advanced economies such as Japan and South Korea. The strong manufacturing sector, the growing popularity of automation, and strong automotive sector are the major factors that are expected to drive the growth of the ultrasonic sensor market in APAC.
APAC is the second-largest market in the ultrasonic sensor market. Apart from Europe and APAC, North America remains the third-largest geographic segment in the ultrasonic sensor market. In North America, growing popularity of process automation, strong manufacturing and food & beverages industry in countries such as the US and Canada, and presence of a large number of ultrasonic sensor manufacturers are some of the major factors that are expected to support the growth of ultrasonic sensor market in the region.
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Ultrasonic Sensor Market: Strategic Insights
Market Size Value in US$ 4.43 Billion in 2018 Market Size Value by US$ 9.09 Billion by 2027 Growth rate CAGR of 8.4% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Ultrasonic Sensor Market: Strategic Insights
| Market Size Value in | US$ 4.43 Billion in 2018 |
| Market Size Value by | US$ 9.09 Billion by 2027 |
| Growth rate | CAGR of 8.4% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Lucrative Regional Ultrasonic Sensor Market
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Market Insights
An upsurge in the adoption of industrial automation
The penetration of industrial automation is gaining pace in diverse industries other than automotive. In the recent past, the non-automotive industries were very underpenetrated in comparison to the automotive industry. This growth is attributed to the necessary modernization and transformation required in these markets. Developed markets, including China, the US, and Japan, have higher penetration; however, there is still a lot of opportunities available for the industrial market to grow further even in the developed markets. Due to aforesaid factors, the scenario of the ultrasonic sensor is growing exponentially and is projected to flourish worth more demand during the forecast period.
Significant investments in sensors for the agriculture sector
The development of a sensing system that extracts information from an ultrasonic sensor is rising, and this information would be used in a broad range of sensing operations within precision agriculture. Furthermore, the ultrasonic sensor saves on pesticides by locating tree gaps. Once these sensors are recognized, the spraying operation temporarily stops. This is expected to provide huge benefits to the companies providing this system and thus, positively impacting the ultrasonic sensor market.
Type Insights
The global ultrasonic sensor market by type is segmented into proximity sensors, retro-reflective sensors, through-beam sensors, and others. The through-beam sensors segment dominated the ultrasonic sensor market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027. The ultrasonic through-beam sensor exhibits the feature of a very powerful acoustic beam.
Application Insights
The ultrasonic sensor market by application is further segmented into liquid level detection, production line, distance measurement, and others. The production line of the ultrasonic sensor market dominated the application segment and is anticipated to continue its dominance throughout the forecast period from 2019 – 2027. The ultrasonic sensor in manufacturing units assists in streamlining the manufacturing processes.
Industry Vertical Insights
The ultrasonic sensor market by industry vertical is further segmented into automotive, food & beverages, medical, oil & gas, industrial, and others. The industrial segment of the ultrasonic sensor market dominated the industry vertical and is expected to continue its dominance throughout the forecast period of 2019 – 2027. The emergence of industry 4.0 is expected to provide ample growth opportunities for the ultrasonic sensor market.
Rest of Asia Pacific Ultrasonic Sensor Market by Industry Vertical
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The market initiative is observed to be the most adopted strategy in the global ultrasonic sensor market. Few of the recent market initiatives are listed below:
2019:Baumer opened a new production facility in North Macedonia. The facility is opened to address to ensure quick deliveries to the customers of Baumer across Europe. In May 2019, the new facility has commenced its sensor production.
2018:Pepperl+Fuchs has presented a new UCC*-50GK ultrasonic sensor. This sensor is developed for distance measurement. The UCC*-50GK uses ultrasonic pulses to calculate the distance to the target and reports information with the help of one of three sensor outputs.
2018:Siemens presented a new compact level transmitter, named as Sitrans Probe LU240. Its ultrasonic level measurement Hart transmitter and rugged device offer reliable volume, level, and flow measurements. The Sitrans Probe LU240 has its application in food & beverage and chemical industries.
2017:Omron Corporation Acquired Microscan Systems, Inc. With this acquisition Microscan to the Omron Group, Omron focus on advancement of its interconnected, industrial Internet of Things (IoT), machine vision, and barcode scanning, solutions.
GLOBAL ULTRASONIC SENSOR MARKET SEGMENTATION
Global Ultrasonic Sensor Market - By Type
- Proximity Sensors
- Retro- Reflective Sensors
- Through Beam Sensors
- Others
Global Ultrasonic Sensor Market - By Application
- Liquid Level Detection
- Production Line
- Distance Measurement
- Others
Global Ultrasonic Sensor Market - By Industry Vertical
- Automotive
- Food & Beverage
- Medical
- Oil & Gas
- Industrial
- Others
Global Ultrasonic Sensor Market - By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- UK
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
South America
- Brazil
- Argentina
- Rest of South America (SAM)
Global Ultrasonic Sensor Market - Company Profiles
- Balluff GmbH
- Baumer Group
- Honeywell International, Inc.
- Keyence Corporation
- Migatron 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
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The growth of the ultrasonic sensor market in the Europe region is primarily driven by the growing automotive industry. The region is a leading producer of motor vehicles and several premium automotive manufacturers are based in the region. The ultrasonic sensors have wide applications in automobiles and automotive manufacturing plants. In addition, the presence of robust manufacturing, as well as the chemical industry in the European region, is forecasted to positively impact the growth of the ultrasonic market in the region.
Owing to the growing demand for intelligent and autonomous cars, the use of sensors is expected to increase at an unprecedented rate in the automotive industry in the coming years. In addition, the growing trend of ADAS to offset human errors is also anticipated to provide growth opportunities for the ultrasonic sensor market during the forecast period of 2019 to 2027.
The industrial sector dominated the ultrasonic sensor market in the year 2018. As versatility and reliability are the two major aspects of the industrial sector, the requirement of ultrasonic sensors to detect objects and measure distance is crucial in this sector. The emergence of industry 4.0 and the adoption of advanced technologies for factory automation are two other factors that are anticipated to drive the ultrasonic sensor market in the industrial sector.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Ultrasonic Sensor Market – By Type
1.3.2 Global Ultrasonic Sensor Market – By Application
1.3.3 Global Ultrasonic Sensor Market – By Industry Vertical
1.3.4 Global Ultrasonic Sensor Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Ultrasonic Sensor Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 APAC PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Ultrasonic Sensor Market – Key Market Dynamics
5.1 Key Market Driver
5.1.1 Rapid expansion in manufacturing industry would stimulate the demand for ultrasonic sensors
5.1.2 Rising adoption of industrial automation in diverse industries
5.2 Key Market Restraint
5.2.1 Availability of substitute products in the market
5.3 Key Market Opportunity
5.3.1 Soaring Demand for autonomous vehicles to stimulate the market growth
5.4 Future Trend
5.4.1 Implementation of ultrasonic sensors in agriculture sector
5.5 Impact Analysis of Drivers and Restraints
6. Ultrasonic Sensor Market – Global Market Analysis
6.1 Overview
6.2 Global Ultrasonic Sensor Market Revenue and Forecasts To 2027 (US$ Mn)
6.3 Market Positioning – Five Key Players
7. 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. 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. Ultrasonic Sensor Market Analysis– By Industry Vertical
9.1 Overview
9.2 Global 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. Ultrasonic Sensor Market - Geographical Analysis
10.1 Overview
10.2 North America Ultrasonic Sensor Market Revenue and Forecasts to 2027
10.2.1 North America Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.2 North America Ultrasonic Sensor Market Breakdown, By Type
10.2.3 North America Ultrasonic Sensor Market Breakdown, By Application
10.2.4 North America Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.2.5 North America Ultrasonic Sensor Market Breakdown, By Key Country
10.2.5.1 US Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.5.1.1 US Ultrasonic Sensor Market Breakdown, By Type
10.2.5.1.2 US Ultrasonic Sensor Market Breakdown, By Application
10.2.5.1.3 US Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.2.5.2 Canada Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.5.2.1 Canada Ultrasonic Sensor Market Breakdown, By Type
10.2.5.2.2 Canada Ultrasonic Sensor Market Breakdown, By Application
10.2.5.2.3 Canada Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.2.5.3 Mexico Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.5.3.1 Mexico Ultrasonic Sensor Market Breakdown, By Type
10.2.5.3.2 Mexico Ultrasonic Sensor Market Breakdown, By Application
10.2.5.3.3 Mexico Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.3 Europe Ultrasonic Sensor Market Revenue and Forecasts To 2027
10.3.1 Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.2 Europe Ultrasonic Sensor Market Breakdown, By Type
10.3.3 Europe Ultrasonic Sensor Market Breakdown, By Application
10.3.4 Europe Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.3.5 Europe Ultrasonic Sensor Market Breakdown, By Key Country
10.3.5.1 Germany Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.5.1.1 Germany Ultrasonic Sensor Market Breakdown, By Type
10.3.5.1.2 Germany Ultrasonic Sensor Market Breakdown, By Application
10.3.5.1.3 Germany Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.3.5.2 France Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.5.2.1 France Ultrasonic Sensor Market Breakdown, By Type
10.3.5.2.2 France Ultrasonic Sensor Market Breakdown, By Application
10.3.5.2.3 France Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.3.5.3 Italy Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.5.3.1 Italy Ultrasonic Sensor Market Breakdown, By Type
10.3.5.3.2 Italy Ultrasonic Sensor Market Breakdown, By Application
10.3.5.3.3 Italy Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.3.5.4 UK Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.5.4.1 UK Ultrasonic Sensor Market Breakdown, By Type
10.3.5.4.2 UK Ultrasonic Sensor Market Breakdown, By Application
10.3.5.4.3 UK Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.3.5.5 Russia Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.5.5.1 Russia Ultrasonic Sensor Market Breakdown, By Type
10.3.5.5.2 Russia Ultrasonic Sensor Market Breakdown, By Application
10.3.5.5.3 Russia Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.3.5.6 Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.3.5.6.1 Rest of Europe Ultrasonic Sensor Market Breakdown, By Type
10.3.5.6.2 Rest of Europe Ultrasonic Sensor Market Breakdown, By Application
10.3.5.6.3 Rest of Europe Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.4 APAC Ultrasonic Sensor Market Revenue and Forecasts To 2027
10.4.1 APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.2 APAC Ultrasonic Sensor Market Breakdown, By Type
10.4.3 APAC Ultrasonic Sensor Market Breakdown, By Application
10.4.4 APAC Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.4.5 APAC Ultrasonic Sensor Market Breakdown, By Key Country
10.4.5.1 Australia Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.1.1 Australia Ultrasonic Sensor Market Breakdown, By Type
10.4.5.1.2 Australia Ultrasonic Sensor Market Breakdown, By Application
10.4.5.1.3 Australia Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.4.5.2 China Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.2.1 China Ultrasonic Sensor Market Breakdown, By Type
10.4.5.2.2 China Ultrasonic Sensor Market Breakdown, By Application
10.4.5.2.3 China Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.4.5.3 India Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.3.1 India Ultrasonic Sensor Market Breakdown, By Type
10.4.5.3.2 India Ultrasonic Sensor Market Breakdown, By Application
10.4.5.3.3 India Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.4.5.4 Japan Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.4.1 Japan Ultrasonic Sensor Market Breakdown, By Type
10.4.5.4.2 Japan Ultrasonic Sensor Market Breakdown, By Application
10.4.5.4.3 Japan Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.4.5.5 South Korea Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.5.1 South Korea Ultrasonic Sensor Market Breakdown, By Type
10.4.5.5.2 South Korea Ultrasonic Sensor Market Breakdown, By Application
10.4.5.5.3 South Korea Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.4.5.6 Rest of APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.6.1 Rest of APAC Ultrasonic Sensor Market Breakdown, By Type
10.4.5.6.2 Rest of APAC Ultrasonic Sensor Market Breakdown, By Application
10.4.5.6.3 Rest of APAC Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.5 Middle East and Africa Ultrasonic Sensor Market Revenue and Forecasts To 2027
10.5.1 MEA Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.2 MEA Ultrasonic Sensor Market Breakdown, By Type
10.5.3 MEA Ultrasonic Sensor Market Breakdown, By Application
10.5.4 MEA Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.5.5 MEA Ultrasonic Sensor Market Breakdown, By Key Country
10.5.5.1 South Africa Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.5.1.1 South Africa Ultrasonic Sensor Market Breakdown, By Type
10.5.5.1.2 South Africa Ultrasonic Sensor Market Breakdown, By Application
10.5.5.1.3 South Africa Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.5.5.2 Saudi Arabia Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.5.2.1 Saudi Arabia Ultrasonic Sensor Market Breakdown, By Type
10.5.5.2.2 Saudi Arabia Ultrasonic Sensor Market Breakdown, By Application
10.5.5.2.3 Saudi Arabia Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.5.5.3 UAE Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.5.3.1 UAE Ultrasonic Sensor Market Breakdown, By Type
10.5.5.3.2 UAE Ultrasonic Sensor Market Breakdown, By Application
10.5.5.3.3 UAE Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.5.5.4 Rest of MEA Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.5.4.1 Rest of MEA Ultrasonic Sensor Market Breakdown, By Type
10.5.5.4.2 Rest of MEA Ultrasonic Sensor Market Breakdown, By Application
10.5.5.4.3 Rest of MEA Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.6 South America Ultrasonic Sensor Market Revenue and Forecasts To 2027
10.6.1 South America Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.6.2 South America Ultrasonic Sensor Market Breakdown, By Type
10.6.3 South America Ultrasonic Sensor Market Breakdown, By Application
10.6.4 South America Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.6.5 South America Ultrasonic Sensor Market Breakdown, By Key Country
10.6.5.1 Brazil Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.6.5.1.1 Brazil Ultrasonic Sensor Market Breakdown, By Type
10.6.5.1.2 Brazil Ultrasonic Sensor Market Breakdown, By Application
10.6.5.1.3 Brazil Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.6.5.2 Argentina Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.6.5.2.1 Argentina Ultrasonic Sensor Market Breakdown, By Type
10.6.5.2.2 Argentina Ultrasonic Sensor Market Breakdown, By Application
10.6.5.2.3 Argentina Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.6.5.3 Rest of SAM Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.6.5.3.1 Rest of SAM Ultrasonic Sensor Market Breakdown, By Type
10.6.5.3.2 Rest of SAM Ultrasonic Sensor Market Breakdown, By Application
10.6.5.3.3 Rest of SAM 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. Global Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. North America Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 3. North America Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 4. North America Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 5. US Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 6. US Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 7. US Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 8. Canada Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 9. Canada Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 10. Canada Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 11. Mexico Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 12. Mexico Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 13. Mexico Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 14. Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 15. Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 16. Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 17. Germany Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 18. Germany Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 19. Germany Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 20. France Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 21. France Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 22. France Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 23. Italy Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 24. Italy Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 25. Italy Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 26. UK Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 27. UK Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 28. UK Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 29. Russia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 30. Russia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 31. Russia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 32. Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 33. Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 34. Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 35. APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 36. APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 37. APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 38. Australia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 39. Australia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 40. Australia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 41. China Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 42. China Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 43. China Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 44. India Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 45. India Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 46. India Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 47. Japan Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 48. Japan Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 49. Japan Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 50. South Korea Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 51. South Korea Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 52. South Korea Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 53. Rest of APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 54. Rest of APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 55. Rest of APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 56. MEA Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 57. MEA Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 58. MEA Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 59. South Africa Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 60. South Africa Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 61. South Africa Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 62. Saudi Arabia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 63. Saudi Arabia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 64. Saudi Arabia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 65. UAE Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 66. UAE Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 67. UAE Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 68. Rest of MEA Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 69. Rest of MEA Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 70. Rest of MEA Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 71. South America Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 72. South America Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 73. South America Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 74. Brazil Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 75. Brazil Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 76. Brazil Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 77. Argentina Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 78. Argentina Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 79. Argentina Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 80. Rest of SAM Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 81. Rest of SAM Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 82. Rest of SAM Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 83. Glossary of Terms, Ultrasonic Sensor Market
LIST OF FIGURES
Figure 1. Ultrasonic Sensor Market Segmentation
Figure 2. Ultrasonic Sensor Market Segmentation - Geography
Figure 3. Global Ultrasonic Sensor Market Overview
Figure 4. Through beam sensors type held the largest share in global ultrasonic sensor market in 2018
Figure 5. Production line application segment held the largest share in global ultrasonic sensor market in 2018
Figure 6. Industrial industry vertical represented the largest share in global ultrasonic sensor market in 2018
Figure 7. Europe held the largest share in global ultrasonic sensor market in 2018
Figure 8. Global Ultrasonic Sensor Market, By Geography ($Mn)
Figure 9. Global Ultrasonic Sensor Market, Industry Landscape
Figure 10. North America – PEST Analysis
Figure 11. Europe PEST Analysis
Figure 12. APAC PEST Analysis
Figure 13. Middle East & Africa PEST Analysis
Figure 14. South America PEST Analysis
Figure 15. Ultrasonic Sensor Market- Ecosystem Analysis
Figure 16. Ultrasonic Sensor Market Impact Analysis of Drivers and Restraints
Figure 17. Global Ultrasonic Sensor Market
Figure 18. Global Ultrasonic Sensor Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 19. Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027 (%)
Figure 20. Global Proximity Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Global Retro-Reflective Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Global Through Beam Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Global Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027 (%)
Figure 25. Global Liquid Level Detection Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Global Production Line Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. Global Distance Measurement Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Global Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Global Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
Figure 30. Global Food and Beverage Market Revenue And Forecasts To 2027(US$ Mn)
Figure 31. Global Medical Market Revenue And Forecasts To 2027(US$ Mn)
Figure 32. Global Automotive Market Revenue And Forecasts To 2027(US$ Mn)
Figure 33. Global Oil & Gas Market Revenue And Forecasts To 2027(US$ Mn)
Figure 34. Global Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 35. Global Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 36. Ultrasonic Sensor Market, Global Breakdown, by Regions, 2018 & 2027 (%)
Figure 37. North America Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 38. North America Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027 (%)
Figure 39. North America Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027 (%)
Figure 40. North America Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
Figure 41. North America Ultrasonic Sensor Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 42. US Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 43. Canada Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 44. Mexico Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 45. Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 46. Europe Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027 (%)
Figure 47. Europe Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027 (%)
Figure 48. Europe Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
Figure 49. Europe Ultrasonic Sensor Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 50. Germany Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 51. France Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 52. Italy Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 53. UK Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 54. Russia Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 55. Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 56. APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 57. APAC Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027 (%)
Figure 58. APAC Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027 (%)
Figure 59. APAC Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
Figure 60. APAC Ultrasonic Sensor Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 61. Australia Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 62. China Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 63. India Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 64. Japan Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 65. South Korea Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 66. Rest of APAC Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 67. MEA Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 68. MEA Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027 (%)
Figure 69. MEA Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027 (%)
Figure 70. MEA Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
Figure 71. MEA Ultrasonic Sensor Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 72. South Africa Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 73. Saudi Arabia Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 74. UAE Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 75. Rest of MEA Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 76. South America Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 77. South America Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027 (%)
Figure 78. South America Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027 (%)
Figure 79. South America Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
Figure 80. South America Ultrasonic Sensor Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 81. Brazil Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 82. Argentina Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 83. Rest of SAM Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies
- Balluff GmbH
- Baumer Group
- Honeywell International, Inc.
- Keyence Corporation
- Migatron 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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