The ultrasonic sensors market size is expected to grow from USD 5,138.4 Million in 2022 to USD 13,241.8 Million by 2030. Demand for ultrasonic sensors is anticipated to grow at a CAGR of 12% during 2022 to 2030.
| Attribute | Details |
|---|---|
| 2022 Market Value | USD 5,138.4 million |
| 2030 Market Value | USD 13,241.8 million |
| CAGR% (2022 to 2030) | 12.0% |
| Share of Top 5 Market Players | 45% |
The ultrasonic sensors accounts for almost 12% market share of global sensors market. Ultrasonic sensors are used throughout many applications and industries, for object detection, distance measurement, liquid level measurement, and anti-collision detection among others.
Moreover, different types of ultrasonic sensors include drip-proof ultrasonic sensors, high-frequency ultrasonic sensors, and open structure ultrasonic sensors. Also, these sensors are primarily used as proximity sensors which are found in anti-collision safety system and automobile self-parking technology.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 8.7% |
| H1,2022 Projected (P) | 11.2% |
| H1,2022 Outlook (O) | 11.5% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 33 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 276 ↑ |
The ultrasonic sensors market is expanding as a result of the increasing use of ultrasonic sensors in a variety of industries for distance measurement, object detection, and pallet detection. It is anticipated that the market will benefit from the rising demand for these systems in the medical sector for echocardiograms and echo graphs.
As per Future Market Insights, an increase of 33 units in BPS values noticed in the ultrasonic sensors market in H1, 2022 – Outlook (O) over H1, 2022 Projected (P). For the non-destructive examination of objects, such as the inspection, quantitative testing, and health monitoring of historic buildings, ultrasonic sensors are used. In challenging conditions where optical sensors are useless, they are very helpful.
Moreover, compared to H1, 2021 (A), the ultrasonic sensors market increased by 233 BPS in H1 -2022. As per FMI, modern ultrasonic sensors are used in agriculture to measure crop height, look for pesticides, dust, and water levels for irrigation. Additionally, they are used in hazardous environments to detect high-pressure that emit ultrasonic sound.
The global ultrasonic sensors market was valued at USD 4,622.0 Million in 2021. Adoption of ultrasonic sensors is increasing in robotics to implement a real-time obstacle avoidance system for robot, so that robot can continuously detect the surrounding. Ultrasonic sensors are widely used in robotics as these sensors are not affected by moisture, dust, and dirt and are also used in a dark environment since the light does not affect the sensor’s detection ability.
Ultrasonic sensors are used in robotics to avoid the obstacle in their way, so that they can move toward the target area. Moreover, ultrasonic sensors are utilized to detect the large obstacle and to obtain information between the robot and obstacle.
Ultrasonic sensors also help robots for object detection, tracking an object, and detecting the position of object. The adoption of robots is increasing in various sectors including healthcare, logistics, manufacturing, and others.
In urban areas, increasing congested traffic results in large number of accidents at low speed. To improve the road safety and satisfy government regulations, automobile manufacturers are adding a range of diverse technologies that can help drivers to avoid accident while driving and for these ultrasonic sensor based advanced driver assistance system is used. ADAS improve comfort, energy efficiency and convenience.
Ultrasonic sensors detect the obstacle and warns the driver in advance of possible collision in a congested traffic environment. These sensors are placed on the front and rear bumpers so that it helps in determining the speed and distance through sound waves. It is generally used at low speed and at short distance for blind-spot detection and obstacle detection.
USA market is set to register exponential demand growth of ultrasonic sensors in the North America region with a CAGR of around 7.6% during 2022-30.
According to FMI analysis, in 2021, North America and Europe dominated the ultrasonic sensors market. Analysis suggests that the incremental $ opportunity for USA ultrasonic sensors market is estimated at USD 977.82 Million for 2022-2030. USA is offering the opportunity for revenue generation, owing to introduction of advanced technologies and increasing investment by companies in various sectors for smart production techniques and process automation.
The ultrasonic sensor in USA is estimated to grow approximately by 4.5% Y-o-Y from 2020 to 2021.
India market is set to register a noteworthy growth in the ultrasonic sensors industry after China, and market size is expected reach 4.3X by 2030. The Indian market is anticipated to create an absolute dollar opportunity of USD 600.7 Million during 2022-30.
In South Asia & Pacific, densely populated economy of India contributes approximately 15% towards global population as the pregnancy rates are increasing the demand of obstetric ultrasonic transducer in medical sector.
Moreover, due to rising awareness about ultrasonic treatments is increasing the demand of ultrasonic sensors in the region. Also, increasing awareness regarding smart agriculture is one of the major factor that is driving the growth of ultrasonic sensors market in the region.
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The ultrasonic sensors in automotive sector is estimated to dominate the global sales of ultrasonic sensors, and expected to grow by 3.2X between 2022 & 2030. Moreover, automotive segment accounted the major market share of 21.7% in 2021.
Ultrasonic sensors are used as motion sensors in home automation systems. Sensor technology helps in solving many problems when it comes to protecting home from damage. Ultrasonic sensors help in improving convenience and performance while reducing energy consumptions. These sensors senses motion or presence of an object by obstructing the transmitted ultrasonic waves.
The sensors help in boosting energy savings through the heat, control of lights and other energy consumers. Ultrasonic sensors are used for turning the lights on and off with motion detection. Also, these sensors are in smart valve kit helps in detecting the water level in the tanks which prevents excessive damage due to flooding.
The medical industry accounted for around 21% market share in the global ultrasonic sensors market in 2021. The medical field has multiple applications of ultrasonic sensors which include lithotripsy, echocardiography, and ultrasonography.
The demand is increasing for ultrasonic sensors for medical applications as these sensors are risk-free substitute to radiography solutions and alternative to piezoelectric sensors. Ultrasonic sensors are widely used in medical applications as these sensors can visualize the internal condition of the human body without any damage.
Ultrasonic sensors are used for various medical inspection including diagnosis of internal body organs like kidneys, liver, gallbladder, and for watching the growth of fetus and health condition of a pregnant women. As the ultrasonic sensors have the ability of real-time visualization, it is used for tissue biopsy sampling while locating the target organ.
Ultrasonic sensors are also used for close examination of eyes, cardiac diagnosis, and also for breast cancer check-ups to detect the presence of lumps under the breast. For detecting any physical abnormality of the uterus, uterus examination is done by using ultrasonic sensors. Moreover, ultrasonic sensors also help in detecting arteriosclerosis by checking the intimal thickness measurement, blood flow and endothelial function test.
Adoption of push strategy has helped key players to increase flow of their product in the market and reach target customers. With capacity expansion, companies are looking forward to collaboration with global suppliers to ensure their global presence.
Key players in the ultrasonic sensors market are focusing on increasing their production capacity to meet the growing demand from OEM’s and commercial customers.
| Attribute | Details |
|---|---|
| Market value in 2021 | USD 4,622.0 million |
| Market CAGR 2017 to 2021 | 9.7% |
| Share of top 5 players | Around 45% |
| Forecast Period | 2022 to 2030 |
| Historical Data Available for | 2015 to 2021 |
| Market Analysis | USD Million for Value |
| Key regions covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and Middle East and Africa |
| Key countries covered | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Russia, China, India, Malaysia, Singapore, Australia, Japan, GCC countries, and South Africa |
| Key market segments covered | Type, Application, Industry, Region |
| Key companies profiled | Rockwell Automation; Siemens AG; Honeywell International; Balluff GmbH; Pepperl +Fuchs AG; Baumer Ltd; Murata Manufacturing Co, Ltd; Crest Ultrasonic; Omron Corporation; Blatek Inc; Keyence Corporation |
| Report coverage | Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives |
| Customization & pricing | Available upon request |
The global ultrasonic sensors market is valued at around USD 1,249.7 Million in 2021.
Demand of ultrasonic sensors is increasing for vehicle parking coupled with increasing adoption of ultrasonic sensors in robotics are some of the factors driving the growth of ultrasonic sensors market.
From 2015 to 2021, demand for ultrasonic sensors increased at a CAGR of around 9.7%.
The ultrasonic sensors market is projected to increase at 12% CAGR and is projected to be valued at around USD 13,241.8 Million by 2030.
Germany, the USA, Japan, China, and India are major demand countries for ultrasonic sensors.
| Market Share (2023) | USD 88.1 billion |
|---|---|
| Market Share (2033) | USD 153.0 billion |
| Market CAGR (2023 to 2033) | 5.7% |
| Projected Forecast Value (2023) | USD 5,378.4 million |
|---|---|
| Projected Forecast Value (2033) | USD 10,222.9 million |
| CAGR (2023 to 2033) | 6.6% |
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