Ultrasonic Technologies Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3906
Ultrasonic Technologies Market size is projected to show tremendous growth from 2019 to 2025 owing to its increasing use in the healthcare and industrial applications. Ultrasonic Technologies aids in alteration of process through the use of tremendously high frequency of sound.
The growing adoption of ultrasonic technologies across various industrial verticals is set to the augment the growth of the ultrasonic technologies market during the assessment period. Ultrasonic technologies are widely being used in the health care industry mainly for diagnosis and endoscopic surgeries. Moreover, the growing evolution in medical imagining technologies is anticipated to further argument the demand for ultrasonic technologies in the healthcare industry.
The increasing awareness about the efficiency of ultrasonic technologies has also paved its way into the industrial and manufacturing sectors. Some of the major industrial applications of ultrasonic technologies include welding, thermofixing, washing, embossing, and sealing among others. The growing automation in industrial process across the globe is set to substantially contribute to the growth of global ultrasonic technology market size in future. Furthermore, the growing innovation in the automotive industry is anticipated to create ample opportunities in the overall ultrasonic technologies market by 2025. The product is widely employed in safety alarms, parking assistance, automatic braking and object detection components in the automobile industry. However, high cost of installation and maintenance coupled with low awareness about ultrasonic technologies is are anticipated to be the major downside to the growth of the market.
In terms of product type, the global ultrasonic technologies market has been segmented into ultrasonic through beam sensor, ultrasonic proximity sensors, ultrasonic retro reflective sensor, and others. Among the aforementioned segments, ultrasonic proximity sensors are anticipated to generate substantial revenue gains throughout the forecast period. Ultrasonic proximity sensors are extensively used in detection of objects and distance measurement, packaging applications. The growing application of these sensors in manufacturing, automobile and food processing application will fuel the segment growth in future.
In terms of technology, the global ultrasonic technologies market has been segmented into ultrasonic medical technology, processing technology, ultrasonic testing technology and others. Among the aforementioned segments, ultrasonic medical technology was the dominant segment in 2018 and is projected to show the same trend throughout the assessment period. The growing healthcare industry across the globe will positively influence the segment growth by 2025.
Ultrasonic processing technology is likely show tremendous growth in forecast period. Ultrasonic processing is widely used in the food processing industry. This technology helps in ultrafiltration, reducing viscosity, extraction of function foods and others. The use of ultrasonic processing technology mainly in the dairy industry is likely to further propel the ultrasonic technologies market demand during the forecast period. Additionally, the growing demand for processed food across the globe will boost the segment demand in future.
In terms of end user industry, the global ultrasonic technologies market has been segmented into automotive, food & beverage, healthcare, aerospace, industrial, defense and others. Among the various end user segments, the healthcare segment was the leading segment in 2018 and is anticipated to continue leading throughout the review period. The growing investment research and development activities in the healthcare industry is projected to be the major factor driving for ultrasonic technologies market size in coming year.
Automotive industry is projected to grow at a considerable CAGR during the review period. The investment in the development of smart vehicles coupled with the penetration of various under the hood is shall add to the growth of the global market. Turn assists, cruise control systems, and parking assistance are some of the major application of ultrasonic technologies in automobiles.
Asia Pacific ultrasonic technologies market is projected to show a significant growth due to shifting manufacturing bases into the region coupled with the developing healthcare sector will positively contribute to the growth of the market size. North America and Europe are anticipated to show significant growth on account of developed automobile and healthcare industries in these regions.
Some of the major market players in ultrasonic technologies market Siemens, Airmar Technology, Advanced Sonic Processing Systems, Branson Ultrasonic Corp., Cameron Measurement Systems, Tokyo Keiki inc, Toshiba America Medical Systems, and GE Healthcare among others.
Ultrasonic Technologies Market, By Type, 2014-2025 (Tons) (USD Million)
- Ultrasonic Proximity Sensors
- Ultrasonic Retro Reflective Sensor
- Ultrasonic Through Beam Sensor
Ultrasonic Technologies Market, By Technology, 2014-2025 (Tons) (USD Million)
- Ultrasonic medical technology
- Processing technology
- Ultrasonic testing technology
Ultrasonic Technologies Market, By End-user, 2014-2025 (Tons) (USD Million)
- Food & beverage
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Siemens, Airmar Technology
- Advanced Sonic Processing Systems
- Branson Ultrasonic Corp
- Cameron Measurement Systems
- Tokyo Keiki inc,
- Toshiba America Medical Systems
- GE Healthcare
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