The Asia Pacific Ultrasonic Sensors Market would witness market growth of 10% CAGR during the forecast period (2020-2026). The ultrasonic sensor is a developing technology with notable growth potential. Ultrasonic sensors depend on the non-intrusive identification of target objects.
They are majorly established on three principles - amplitude attenuation, the Doppler shift, and time of flight. Ultrasonic sensors are majorly utilized in the automotive, industrial, healthcare, food, and electronics industry. Ultrasonic sensors are effectively calculated on different parameters, like distance, position, diameter, presence, and extend of an object in a medium. The application of ultrasonic sensors is widely divided into - measurement, detection, and destruction of objects.
The usage of ultrasound for the calculation of wind speeds has appeared as a main end-use for ultrasonic sensors. This factor has acted as an external driver of demand in the market for ultrasonic sensors in recent years. Moreover, tracking objects and identifying their position is a very important function in several industries. This factor has acted as a major driver for improving the growth of the market for ultrasonic sensors. Furthermore, the usage of ultrasonic sensors in the medical field has also played a crucial role in boosting demand in the market. Medical ultrasonography is a main area in the healthcare sector that has witnessed traction from multiple vendors. This factor has also made new avenues across the market for ultrasonic sensors in recent years.
The swift expansion of the region’s automotive manufacturing industry is expected to boost the demand for these systems. Ultrasonic sensors are utilized in consumer electronics like gaming consoles, cleaning robots, and smartphones. That resulted in the region’s rapid increase in the consumer electronics industry predicted to do well for the growth of the market in this region. Besides that, many companies that are operating in this region like Murata Manufacturing Co., Ltd., and TDK Corporation, have got government funding for the development of ultrasonic sensors.
Based on Technology, the market is segmented into Retro-reflective Sensor, Through-beam Sensor and Others. Based on Type, the market is segmented into Level Measurement, Distance Measurement, Obstacle Detection and Others. Based on End User, the market is segmented into Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Industrial and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Ultrasonic Sensors Market in Asia Pacific is expected to register a CAGR of 10% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Murata Manufacturing Co., Ltd., Rockwell Automation, Inc., Sick AG, Siemens AG, Baumer Holding AG, Balluff GmbH, IFM Electronics GmbH, Hans Turck GmbH & Co. KG, and Pepperl+Fuchs Group.
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