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Ultrasonic Technologies Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2024 – 2032

  • Report ID: GMI3906

Ultrasonic Technologies Market Size 

Ultrasonic Technologies Market is anticipated to witness healthy growth during 2024 to 2032, due to increased usage in various industries, particularly in food processing. They enable for the evaluation of the physical and chemical properties of food, and offers benefits such as low energy consumption, cost-effectiveness, versatility in both liquid and solid food processing, and ease of use compared to other methods.

These technologies find application in non-destructive testing, imaging, industrial cleaning, and food processing, among others. Innovations in the healthcare sector is estimated to be one of the major factors driving the ultrasonic technologies industry outlook. There are developments in ultrasonic sensors and related technologies. Moreover, noteworthy advancements in the automotive and food processing industries will support major manufacturers of ultrasonic technologies to expand their business footprint worldwide.

Ultrasonic Technologies Market Trends

One prominent trend is the integration of artificial intelligence (AI) and machine learning algorithms into ultrasonic devices, enabling more precise and efficient data analysis for applications such as medical imaging, non-destructive testing, and quality control in manufacturing processes. Additionally, there's a growing focus on developing portable and handheld ultrasonic devices, facilitating on-the-go and point-of-care diagnostics in healthcare settings, as well as enhancing mobility and flexibility in industrial inspection tasks. Furthermore, the emergence of novel materials and transducer designs is driving improvements in sensitivity, resolution, and penetration depth of ultrasonic technologies, expanding their capabilities and applications across diverse industries. As R&D efforts continue to accelerate, collaborations between technology developers, researchers, and end-users are crucial in harnessing the full potential of ultrasonic technologies, thus shaping the market outlook.  

Ultrasonic Technologies Market Analysis 

As per end-use, the ultrasonic technologies industry share from the healthcare segment is expected to see significant growth until 2032, driven by the increasing use of ultrasound for new applications in the medical field. For example, shock wave lithotripsy uses focused ultrasound waves to break up calcium-based growth and kidney stones in the body. Ultrasonic techniques are also in high demand for dental scaling for periodontal therapy, which will drive the market growth. In 2020, GE Healthcare introduced a new generation of ultrasound systems that use AI to help radiologists and sonographers identify and diagnose a range of conditions more accurately and efficiently. 

The ultrasonic proximity sensor segment is projected to observe remarkable growth through 2032. These sensors can be used in various ways and are popular in automation and manufacturing industries. Additionally, they use sound frequencies between 25 to 50 kHz and are also utilized in packaging applications. In March 2023, German sensor pioneer Pepperl+Fuchs announced that it would use ultrasonic sensor technology for CAN-based applications in mobile machines.

Asia Pacific ultrasonic technologies market will gain remarkable momentum during the forecast period, attributed to the increasing use of these technologies by government agencies across the region. Furthermore, expanding the healthcare sector and upgradation of medical facilities would open new application scope for ultrasonic technologies, creating a lucrative avenue the market players in APAC.

Ultrasonic Technologies Market Share 

Some of the leading companies in the ultrasonic technologies industry include:

  • Advanced Sonic Processing Systems
  • Branson Ultrasonic Corp.
  • Toshiba America Medical Systems
  • Siemens
  • GE Healthcare
  • Tokyo Keiki Inc.
  • Cameron Measurement Systems

These companies are implementing strategic measures such as mergers, acquisitions, product developments, partnerships, and collaborations to maintain their market position.

Ultrasonic Technologies Industry News

  • In September 2021, GE Healthcare entered into an agreement to acquire BK Medical, an ultrasound innovation company.
  • In August 2023, Waygate Technologies, a Baker Hughes company specializing in nondestructive testing (NDT) solutions, introduced the Krautkrämer RotoArray comPAct. This portable roller probe enables manual phased array (PA) ultrasonic inspection of large-scale composite materials.

What Information does this report contain?

Historical data coverage: 2018 to 2023; Growth Projections: 2024 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Suraj Gujar

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