North America Ultrasonic Sensors Market By Technology (Retro-reflective Sensor, Through-beam Sensor and Others), By Type (Level Measurement, Distance Measurement, Obstacle Detection and Others), By End User (Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Industrial and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
The North America Ultrasonic Sensors Market would witness market growth of 9.3% CAGR during the forecast period (2020-2026).
Ultrasonic sensors calculate the distance of the target object by using the ultrasonic sound waves in which a transducer helps in sending and receiving ultrasonic pulses and measure time lapses between their transmission and reception. The market growth is directed by the growing use of ultrasonic sensors for object detection, pallet detection, distance measurement among others, over the different industries and sectors. Moreover, these sensors fulfil a wide range of requirements like material handling, processing, and hygiene identification in the food and beverage industry, their demand has expanded notably in recent years. Furthermore, the rising demand for the systems in the medical industry, on the account of the applications like echocardiograms and echo graphs, is estimated to propel the market in near future.
Non-invasive diagnosis has always been an important factor referred to the ongoing outcome-based care trend in the healthcare sector. Ultrasonic sensors delivering real-time visual analysis is monetizing over the rising instances of intricate medical conditions like cardiovascular disease, orthopedic, and cranial nerve disease that is necessary for non-invasive detection and measurement before diagnosis. The most important medical ultrasonography is the obstetric ultrasound, imaging the fetuses of pregnant women. Ultrasonic sensors determine the echoes from radio or sound waves to measure the attributes of the subject, therefore apart from healthcare, it has been utilized in several sectors like automotive, F&B, and agriculture.
The increasing demand for industrial applications, includes inventory control systems, precision robotics, and unmanned aerial vehicles, has affected the growth of the market. There has been a notable increase in the application of these systems for level identification in biogas plants, which impacted the market growth in a positive way. Although, there are some shortcomings like limited detection range that will restrict the market growth.
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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments covered in the Report:
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