Published Date: 3-Feb-2021
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According to a new report Asia Pacific Ultrasonic Sensors Market, published by KBV research, the Asia Pacific Ultrasonic Sensors Market would witness market growth of 10% CAGR during the forecast period (2020-2026).
The China market dominated the Asia Pacific Automotive Ultrasonic Sensors Market by Country in 2019, and would continue to be a dominant market till 2026. The Japan market is experiencing a CAGR of 8.6% during (2020 - 2026). Additionally, The India market is poised to grow at a CAGR of 9.9% during (2020 - 2026).
The Retro-reflective Sensor market dominated the South Korea Ultrasonic Sensors Market by Technology in 2019. The Through-beam Sensor market is expected to witness a CAGR of 10.3% during (2020 - 2026).
The Level Measurement market dominated the Malaysia Ultrasonic Sensors Market by Type in 2019, thereby, achieving a market value of $71 million by 2026. The Distance Measurement market is estimated to grow at a CAGR of 13.1% during (2020 - 2026). Additionally, The Obstacle Detection market would showcase a CAGR of 15% during (2020 - 2026).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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