Ultrasonic Sensors Market - Industry Size, Share, Trend and Forecast 2026

1. 2016 – 2026 GLOBAL ULTRASONIC SENSORSMARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Ultrasonic Sensors An ultrasonic sensor is an instrument that measures the distance to an object using ultrasonic sound waves. An ultrasonic sensor uses a transducer to send and receive ultrasonic pulses that relay back information about an object's proximity. Market Segmentation Review Period 2016 – 2019 Base Year 2020 Estimated Year 2021 Forecast Period 2022 – 2026 Year Range TYPE • Retro-Reflective Sensors • Proximity Sensors • 2 Point Proximity Switches • Through beam Sensors REGION • Asia-Pacific • Europe • North America • South America • Middle East & Africa (MEA) APPLICATION • Liquid Level Detection • Distance Measurement • Object Detection • Loop Control • Diameter Measurement INDUSTRY VERTICAL • Food & Beverage • Medical • Automotive • Oil & Gas Industrial • Others

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13. RESEARCH METHODOLOGY

14. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in the global ultrasonic sensors market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global ultrasonic sensors market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers

15. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global ultrasonic sensorsmarket. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as rising demand from the automobile sector. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global ultrasonic sensorsmarket. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as ultrasonic sensors companies, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 ultrasonic sensors companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders in the global ultrasonic sensorsmarket to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.

16. Research Methodology • Respondents were asked about the current and future market growth rates, market shares by type, by application, by industry verticals, by company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares by type, by application, by industry verticals, by company and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of ultrasonic sensors markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global ultrasonic sensorsmarket, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis

17. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.

18. Industry Brief Increasing automation in the automotive sector is driving the growth in global ultrasonic sensors market in the forecast period, 2021-2026. According to TechSci Research report, “Ultrasonic Sensors Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026”, the global ultrasonic sensors market stood at USD3611.22 million in the year 2020 and is expected to grow with a CAGR of 4.79% in the forecast period on account of rapidly surging demands from the automotive industry. The rapidly increasing demands from the automotive industry like driverless cars and Advanced Driver Assistance System (ADAS) development are driving the growth of the global ultrasonic sensors market in the upcoming five years. Extended research and innovative product launches of technologically advanced devices and equipment are anticipated to push the growth of the global ultrasonic sensors market in the next five years. The evolution of robotics and the adoption of automation in different sectors to detect objects and measure distance is also aiding the growth of the global ultrasonic sensors market in the future five years. The global ultrasonic sensors market is segmented on the basis of type, application, industry verticals, and regional distribution. Based on type, the market is further fragmented into Retro-Reflective Sensors, Proximity Sensors, 2 Point Proximity Switches & Through-beam Sensors. Retro-Reflective Sensor is expected to register the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of its advantages. These sensors comprise an emitter and receiver in a single housing. The light produced by the emitter is reflected to the receiver with a reflector. The single housing design allows easy installation, wiring, and commissioning. Based on industry verticals, the market is segmented into Industrial, Healthcare, Automotive, Oil & Gas, Food & Beverage & Others. Industrial applications of ultrasonic sensors are expected to register the largest revenue shares and assert their dominance over the market in the upcoming five years. Increasing demand for automation in manufacturing and processing industries along with the increasing number of applications of ultrasonic sensors in different industries is anticipated to drive the growth of the global ultrasonic sensors market along with the growth of the sub-segment in the upcoming five years. Additionally, the implementation of ultrasonic sensors for level management and object detection in the food & beverage packaging industry and automobile industry, respectively, is expected to support the growth of the global ultrasonic sensors market in the next five years. Key market players in the global ultrasonic sensors market include: Siemens AG, Honeywell,Pepperl+Fuchs SE, Balluff Inc, Murata Manufacturing Co. Ltd., Baumer Ltd., Turck, Inc., OMRON Corporation, Rockwell Automation, Inc., TDX corporation Siemens AG is a German technology company focused on industry, infrastructure, transport, and healthcare. The company offers a wide selection of ultrasonic level measurement devices, from user-friendly and highly reliable transmitters, a broad portfolio of controllers, and a range of transducers. Murata Manufacturing Co. Ltd. is one of the leading manufacturers of ultrasonic sensors delivering innovative solutions for industrial process control and other industries. “The Asia Pacific region is anticipated to hold the largest revenue shares of the market and dominate the segment in the upcoming five years on account of rapidly increasing growth of the automobiles and other transport facilities. The increasing population of both countries is further expected to aid the growth of the market. China is the world’s largest population holding country and India is right after in its population count. Increasing demand for driverless automotive through government initiatives and related infrastructure construction is also supporting the market growth. New market players may focus on studying the consumer demands and extended research along with the smart product launches, thus aiding their brand establishment. North America is expected to register significant growth due to increasing electric and automatic vehicles as well as demand for ultrasonic sensors in the healthcare sector. Also, technological advancement in the food & beverages sector may influence the growth of the global ultrasonic sensors market in the upcoming five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

19. Sample Data - Snapshot Global Ultrasonic SensorsMarket Size, By Value (USD Million), 2016-2026F CAGR By Value CAGR By Value YY% XX% North America Ultrasonic Sensors Market Share, By Type, By Value, 2016–2026F United States Ultrasonic Sensors Market Share, By Application, By Value, 2016–2026F

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