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Ultrasonic Sensors Market - By Type (Retro-reflective Sensor, Through-beam Sensor), By Structure Type (Open-type Ultrasonic Sensor, Closed-type Ultrasonic Sensor), By Application, Industry Verticals & Global Forecast, 2023-2032

  • Report ID: GMI5048
  • Published Date: Feb 2023
  • Report Format: PDF

Ultrasonic Sensors Market Size

Ultrasonic Sensors Market size was worth more than USD 4.5 billion in 2022 and is anticipated to exhibit over 10% CAGR from 2023-2032. The increasing popularity of autonomous vehicles is expected to boost the demand for ultrasonic sensors.
 

Ultrasonic Sensors Market

To understand key trends  

The advent of connected and autonomous vehicles is necessitating the integration of ultrasonic sensors to measure the distance between the vehicle and nearby objects to alert car systems and prevent accidents. Moreover, the paradigm shift toward automotive IoT and the increasing dependence of V2X vehicles on ultrasonic sensor data to communicate road hazard warnings will complement the industry outlook.
 

Furthermore, the growing disposable incomes and the increasing adoption of smart homes across developing countries are resulting in rapid penetration of IoT devices, thus fuelling the demand for ultrasonic sensors. These devices are extensively used as motion sensors to detect and monitor the functioning of home appliances to ensure security and safety. The emergence of trends such as IoT home automation has also escalated the need for adequate safety features.

Concerns over short detection range may impede the adoption of ultrasonic sensors

Limited detection range of ultrasonic sensors is a major restraining factor impeding the ultrasonic sensors market growth. The speed of ultrasonic waves gradually declines from more than 20,000 Hz when traveling long distances, which results in audible waves. Therefore, ultrasonic sensors are not compatible with long-range detection requirements, thus impeding their application. However, the increasing use of these sensors in liquid manufacturing facilities to detect, monitor and regulate liquid levels to prevent losses in terms of quantity and quality during transportation within closed containers may help expand their use in different applications.
 

Ultrasonic Sensors Market Analysis

Global Ultrasonic Sensors Market Volume Share  By Type

To understand key trends  

Retro-reflective sensors held more than 30% share of the ultrasonic sensors industry in 2022. Retro-reflective sensors are widely integrated into smartphones owing to their compact nature. The rapid penetration of smartphones and the increasing consumer interest in novel features such as fingerprint scanners will proliferate the demand for retro-reflective sensors. These sensors are also increasingly used in factory automation, metalworking, life science, and the automotive sector to detect small pallets of colored plastic while passing over a conveyor belt. Moreover, the ongoing R&D and innovation in the field of optoelectric and photoelectric sensors will accelerate the production of retro-reflective devices.
 

 

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Market size for ultrasonic sensors was worth more than USD 4.5 billion in 2022 and is anticipated to exhibit over 10% CAGR from 2023-2032.
Retro-reflective sensors held over 30% share of the ultrasonic sensors industry in 2022 owing to expanding application scope in factory automation, life science, electronics, and the automotive sector.
Asia Pacific ultrasonic sensors market size is projected to reach USD 7 billion by 2032 driven by the increasing industrial and manufacturing output.
Rockwell Automation Inc., Robert Bosch GmbH, TE Connectivity Ltd, Texas Instruments, SCHNEIDER ELECTRIC SE, and TDK Corporation are some of the major manufacturers of ultrasound sensors.

Ultrasonic Sensors Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 21
  • Tables & Figures: 530
  • Countries covered: 18
  • Pages: 300
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