The ultrasonic sensors market size is expected to grow from USD 5,138.4 Million in 2022 to USD 13,241.8 Million by 2030. Demand for ultrasonic sensors is anticipated to grow at a CAGR of 12% during 2022 to 2030.
| Attribute | Details |
|---|---|
| 2022 Market Value | USD 5,138.4 million |
| 2030 Market Value | USD 13,241.8 million |
| CAGR% (2022 to 2030) | 12.0% |
| Share of Top 5 Market Players | 45% |
The ultrasonic sensors accounts for almost 12% market share of global sensors market. Ultrasonic sensors are used throughout many applications and industries, for object detection, distance measurement, liquid level measurement, and anti-collision detection among others.
Moreover, different types of ultrasonic sensors include drip-proof ultrasonic sensors, high-frequency ultrasonic sensors, and open structure ultrasonic sensors. Also, these sensors are primarily used as proximity sensors which are found in anti-collision safety system and automobile self-parking technology.
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 8.7% |
| H1,2022 Projected (P) | 11.2% |
| H1,2022 Outlook (O) | 11.5% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 33 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 276 ↑ |
The ultrasonic sensors market is expanding as a result of the increasing use of ultrasonic sensors in a variety of industries for distance measurement, object detection, and pallet detection. It is anticipated that the market will benefit from the rising demand for these systems in the medical sector for echocardiograms and echo graphs.
As per Future Market Insights, an increase of 33 units in BPS values noticed in the ultrasonic sensors market in H1, 2022 – Outlook (O) over H1, 2022 Projected (P). For the non-destructive examination of objects, such as the inspection, quantitative testing, and health monitoring of historic buildings, ultrasonic sensors are used. In challenging conditions where optical sensors are useless, they are very helpful.
Moreover, compared to H1, 2021 (A), the ultrasonic sensors market increased by 233 BPS in H1 -2022. As per FMI, modern ultrasonic sensors are used in agriculture to measure crop height, look for pesticides, dust, and water levels for irrigation. Additionally, they are used in hazardous environments to detect high-pressure that emit ultrasonic sound.
The global ultrasonic sensors market was valued at USD 4,622.0 Million in 2021. Adoption of ultrasonic sensors is increasing in robotics to implement a real-time obstacle avoidance system for robot, so that robot can continuously detect the surrounding. Ultrasonic sensors are widely used in robotics as these sensors are not affected by moisture, dust, and dirt and are also used in a dark environment since the light does not affect the sensor’s detection ability.
Ultrasonic sensors are used in robotics to avoid the obstacle in their way, so that they can move toward the target area. Moreover, ultrasonic sensors are utilized to detect the large obstacle and to obtain information between the robot and obstacle.
Ultrasonic sensors also help robots for object detection, tracking an object, and detecting the position of object. The adoption of robots is increasing in various sectors including healthcare, logistics, manufacturing, and others.
In urban areas, increasing congested traffic results in large number of accidents at low speed. To improve the road safety and satisfy government regulations, automobile manufacturers are adding a range of diverse technologies that can help drivers to avoid accident while driving and for these ultrasonic sensor based advanced driver assistance system is used. ADAS improve comfort, energy efficiency and convenience.
Ultrasonic sensors detect the obstacle and warns the driver in advance of possible collision in a congested traffic environment. These sensors are placed on the front and rear bumpers so that it helps in determining the speed and distance through sound waves. It is generally used at low speed and at short distance for blind-spot detection and obstacle detection.
USA market is set to register exponential demand growth of ultrasonic sensors in the North America region with a CAGR of around 7.6% during 2022-30.
According to FMI analysis, in 2021, North America and Europe dominated the ultrasonic sensors market. Analysis suggests that the incremental $ opportunity for USA ultrasonic sensors market is estimated at USD 977.82 Million for 2022-2030. USA is offering the opportunity for revenue generation, owing to introduction of advanced technologies and increasing investment by companies in various sectors for smart production techniques and process automation.
The ultrasonic sensor in USA is estimated to grow approximately by 4.5% Y-o-Y from 2020 to 2021.
India market is set to register a noteworthy growth in the ultrasonic sensors industry after China, and market size is expected reach 4.3X by 2030. The Indian market is anticipated to create an absolute dollar opportunity of USD 600.7 Million during 2022-30.
In South Asia & Pacific, densely populated economy of India contributes approximately 15% towards global population as the pregnancy rates are increasing the demand of obstetric ultrasonic transducer in medical sector.
Moreover, due to rising awareness about ultrasonic treatments is increasing the demand of ultrasonic sensors in the region. Also, increasing awareness regarding smart agriculture is one of the major factor that is driving the growth of ultrasonic sensors market in the region.
The ultrasonic sensors in automotive sector is estimated to dominate the global sales of ultrasonic sensors, and expected to grow by 3.2X between 2022 & 2030. Moreover, automotive segment accounted the major market share of 21.7% in 2021.
Ultrasonic sensors are used as motion sensors in home automation systems. Sensor technology helps in solving many problems when it comes to protecting home from damage. Ultrasonic sensors help in improving convenience and performance while reducing energy consumptions. These sensors senses motion or presence of an object by obstructing the transmitted ultrasonic waves.
The sensors help in boosting energy savings through the heat, control of lights and other energy consumers. Ultrasonic sensors are used for turning the lights on and off with motion detection. Also, these sensors are in smart valve kit helps in detecting the water level in the tanks which prevents excessive damage due to flooding.
The medical industry accounted for around 21% market share in the global ultrasonic sensors market in 2021. The medical field has multiple applications of ultrasonic sensors which include lithotripsy, echocardiography, and ultrasonography.
The demand is increasing for ultrasonic sensors for medical applications as these sensors are risk-free substitute to radiography solutions and alternative to piezoelectric sensors. Ultrasonic sensors are widely used in medical applications as these sensors can visualize the internal condition of the human body without any damage.
Ultrasonic sensors are used for various medical inspection including diagnosis of internal body organs like kidneys, liver, gallbladder, and for watching the growth of fetus and health condition of a pregnant women. As the ultrasonic sensors have the ability of real-time visualization, it is used for tissue biopsy sampling while locating the target organ.
Ultrasonic sensors are also used for close examination of eyes, cardiac diagnosis, and also for breast cancer check-ups to detect the presence of lumps under the breast. For detecting any physical abnormality of the uterus, uterus examination is done by using ultrasonic sensors. Moreover, ultrasonic sensors also help in detecting arteriosclerosis by checking the intimal thickness measurement, blood flow and endothelial function test.
Adoption of push strategy has helped key players to increase flow of their product in the market and reach target customers. With capacity expansion, companies are looking forward to collaboration with global suppliers to ensure their global presence.
Key players in the ultrasonic sensors market are focusing on increasing their production capacity to meet the growing demand from OEM’s and commercial customers.
| Attribute | Details |
|---|---|
| Market value in 2021 | USD 4,622.0 million |
| Market CAGR 2017 to 2021 | 9.7% |
| Share of top 5 players | Around 45% |
| Forecast Period | 2022 to 2030 |
| Historical Data Available for | 2015 to 2021 |
| Market Analysis | USD Million for Value |
| Key regions covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and Middle East and Africa |
| Key countries covered | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Russia, China, India, Malaysia, Singapore, Australia, Japan, GCC countries, and South Africa |
| Key market segments covered | Type, Application, Industry, Region |
| Key companies profiled | Rockwell Automation; Siemens AG; Honeywell International; Balluff GmbH; Pepperl +Fuchs AG; Baumer Ltd; Murata Manufacturing Co, Ltd; Crest Ultrasonic; Omron Corporation; Blatek Inc; Keyence Corporation |
| Report coverage | Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives |
| Customization & pricing | Available upon request |
Table 01: Global Ultrasonic Sensors Market Size (US$ Mn) Forecast by Type, 2015-2030
Table 02: Global Ultrasonic Sensors Market Size (US$ Mn) Forecast by Application, 2015-2030
Table 03: Global Ultrasonic Sensors Market Size (US$ Mn) Forecast by Industry, 2015-2030
Table 04: Global Ultrasonic Sensors Market Size (US$ Mn) Forecast by Region, 2015-2030
Table 05: North America Ultrasonic Sensors Market Size (US$ Mn) Forecast by Type, 2015-2030
Table 06: North America Ultrasonic Sensors Market Size (US$ Mn) Forecast by Application, 2015-2030
Table 07: North America Ultrasonic Sensors Market Size (US$ Mn) Forecast by Industry, 2015-2030
Table 08: North America Ultrasonic Sensors Market Size (US$ Mn) Forecast by Country, 2015-2030
Table 09: Latin America Ultrasonic Sensors Market Size (US$ Mn) Forecast by Type, 2015-2030
Table 10: Latin America Ultrasonic Sensors Market Size (US$ Mn) Forecast by Application, 2015-2030
Table 11: Latin America Ultrasonic Sensors Market Size (US$ Mn) Forecast by Industry, 2015-2030
Table 12: Latin America Ultrasonic Sensors Market Size (US$ Mn) Forecast by Country, 2015-2030
Table 13: Europe Ultrasonic Sensors Market Size (US$ Mn) Forecast by Type, 2015-2030
Table 14: Europe Ultrasonic Sensors Market Size (US$ Mn) Forecast by Application, 2015-2030
Table 15: Europe Ultrasonic Sensors Market Size (US$ Mn) Forecast by Industry, 2015-2030
Table 16: Europe Ultrasonic Sensors Market Size (US$ Mn) Forecast by Country, 2015-2030
Table 17: East Asia Ultrasonic Sensors Market Size (US$ Mn) Forecast by Type, 2015-2030
Table 18: East Asia Ultrasonic Sensors Market Size (US$ Mn) Forecast by Application, 2015-2030
Table 19: East Asia Ultrasonic Sensors Market Size (US$ Mn) Forecast by Industry, 2015-2030
Table 20: East Asia Ultrasonic Sensors Market Size (US$ Mn) Forecast by Country, 2015-2030
Table 21: South Asia & Pacific Ultrasonic Sensors Market Size (US$ Mn) Forecast by Type, 2015-2030
Table 22: South Asia & Pacific Ultrasonic Sensors Market Size (US$ Mn) Forecast by Application, 2015-2030
Table 23: South Asia & Pacific Ultrasonic Sensors Market Size (US$ Mn) Forecast by Industry, 2015-2030
Table 24: South Asia & Pacific Ultrasonic Sensors Market Size (US$ Mn) Forecast by Country, 2015-2030
Table 25: Middle East & Africa Ultrasonic Sensors Market Size (US$ Mn) Forecast by Type, 2015-2030
Table 26: Middle East & Africa Ultrasonic Sensors Market Size (US$ Mn) Forecast by Application, 2015-2030
Table 27: Middle East & Africa Ultrasonic Sensors Market Size (US$ Mn) Forecast by Industry, 2015-2030
Table 28: Middle East & Africa Ultrasonic Sensors Market Size (US$ Mn) Forecast by Region, 2015-2030
Figure 01: Global Ultrasonic Sensors Market Value (US$ Mn), 2015-2021
Figure 02: Global Ultrasonic Sensors Market Value (US$ Mn), 2022-2030
Figure 03: Global Ultrasonic Sensors Market: Market Share Analysis by Type – 2022–2030
Figure 04: Global Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Type, 2022–2030
Figure 05: Global Ultrasonic Sensors Market: Market Attractiveness by Type
Figure 06: Global Ultrasonic Sensors Market: Market Share Analysis by Application – 2022–2030
Figure 07: Global Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Application, 2022–2030
Figure 08: Global Ultrasonic Sensors Market: Market Attractiveness by Application
Figure 09: Global Ultrasonic Sensors Market: Market Share Analysis by Industry – 2022–2030
Figure 10: Global Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Industry, 2022–2030
Figure 11: Global Ultrasonic Sensors Market: Market Attractiveness by Industry
Figure 12: Global Ultrasonic Sensors Market: Market Share Analysis by Region – 2022–2030
Figure 13: Global Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Region, 2022–2030
Figure 14: North America Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 15: Latin America Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 16: Europe Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 17: East Asia Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 18: South Asia & Pacific Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 19: Middle East & Africa Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 20: Global Ultrasonic Sensors Market: Market Attractiveness by Region
Figure 21: North America Ultrasonic Sensors Market Value (US$ Mn), 2015-2021
Figure 22: North America Ultrasonic Sensors Market Value (US$ Mn), 2022-2030
Figure 23: North America Ultrasonic Sensors Market: Market Share Analysis by Type – 2022–2030
Figure 24: North America Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Type, 2022–2030
Figure 25: North America Ultrasonic Sensors Market: Market Attractiveness by Type
Figure 26: North America Ultrasonic Sensors Market: Market Share Analysis by Application – 2022–2030
Figure 27: North America Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Application, 2022–2030
Figure 28: North America Ultrasonic Sensors Market: Market Attractiveness by Application
Figure 29: North America Ultrasonic Sensors Market: Market Share Analysis by Industry – 2022–2030
Figure 30: North America Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Industry, 2022–2030
Figure 31: North America Ultrasonic Sensors Market: Market Attractiveness by Industry
Figure 32: North America Ultrasonic Sensors Market: Market Share Analysis by Country – 2022–2030
Figure 33: North America Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Country, 2022–2030
Figure 34: U.S. Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 35: Canada Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 36: North America Ultrasonic Sensors Market: Market Attractiveness by Country
Figure 37: Latin America Ultrasonic Sensors Market Value (US$ Mn), 2015-2021
Figure 38: Latin America Ultrasonic Sensors Market Value (US$ Mn), 2022-2030
Figure 39: Latin America Ultrasonic Sensors Market: Market Share Analysis by Type – 2022–2030
Figure 40: Latin America Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Type, 2022–2030
Figure 41: Latin America Ultrasonic Sensors Market: Market Attractiveness by Type
Figure 42: Latin America Ultrasonic Sensors Market: Market Share Analysis by Application – 2022–2030
Figure 43: Latin America Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Application, 2022–2030
Figure 44: Latin America Ultrasonic Sensors Market: Market Attractiveness by Application
Figure 45: Latin America Ultrasonic Sensors Market: Market Share Analysis by Industry – 2022–2030
Figure 46: Latin America Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Industry, 2022–2030
Figure 47: Latin America Ultrasonic Sensors Market: Market Attractiveness by Industry
Figure 48: Latin America Ultrasonic Sensors Market: Market Share Analysis by Country – 2022–2030
Figure 49: Latin America Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Country, 2022–2030
Figure 50: Brazil Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 51: Mexico Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 52: Rest of Latin America Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 53: Latin America Ultrasonic Sensors Market: Market Attractiveness by Country
Figure 54: Europe Ultrasonic Sensors Market Value (US$ Mn), 2015-2021
Figure 55: Europe Ultrasonic Sensors Market Value (US$ Mn), 2022-2030
Figure 56: Europe Ultrasonic Sensors Market: Market Share Analysis by Type – 2022–2030
Figure 57: Europe Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Type, 2022–2030
Figure 58: Europe Ultrasonic Sensors Market: Market Attractiveness by Type
Figure 59: Europe Ultrasonic Sensors Market: Market Share Analysis by Application – 2022–2030
Figure 60: Europe Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Application, 2022–2030
Figure 61: Europe Ultrasonic Sensors Market: Market Attractiveness by Application
Figure 62: Europe Ultrasonic Sensors Market: Market Share Analysis by Industry – 2022–2030
Figure 63: Europe Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Industry, 2022–2030
Figure 64: Europe Ultrasonic Sensors Market: Market Attractiveness by Industry
Figure 65: Europe Ultrasonic Sensors Market: Market Share Analysis by Country – 2022–2030
Figure 66: Europe Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Country, 2022–2030
Figure 67: Germany Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 68: France Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 69: Italy Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 70: Spain Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 71: U.K. Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 72: Benelux Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 73: Russia Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 74: Rest of Europe Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 75: Europe Ultrasonic Sensors Market: Market Attractiveness by Country
Figure 76: East Asia Ultrasonic Sensors Market Value (US$ Mn), 2015-2021
Figure 77: East Asia Ultrasonic Sensors Market Value (US$ Mn), 2022-2030
Figure 78: East Asia Ultrasonic Sensors Market: Market Share Analysis by Type – 2022–2030
Figure 79: East Asia Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Type, 2022–2030
Figure 80: East Asia Ultrasonic Sensors Market: Market Attractiveness by Type
Figure 81: East Asia Ultrasonic Sensors Market: Market Share Analysis by Application – 2022–2030
Figure 82: East Asia Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Application, 2022–2030
Figure 83: East Asia Ultrasonic Sensors Market: Market Attractiveness by Application
Figure 84: East Asia Ultrasonic Sensors Market: Market Share Analysis by Industry – 2022–2030
Figure 85: East Asia Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Industry, 2022–2030
Figure 86: East Asia Ultrasonic Sensors Market: Market Attractiveness by Industry
Figure 87: East Asia Ultrasonic Sensors Market: Market Share Analysis by Country – 2022–2030
Figure 88: East Asia Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Country, 2022–2030
Figure 89: China Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 90: Japan Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 91: South Korea Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 92: East Asia Ultrasonic Sensors Market: Market Attractiveness by Country
Figure 93: South Asia & Pacific Ultrasonic Sensors Market Value (US$ Mn), 2015-2021
Figure 94: South Asia & Pacific Ultrasonic Sensors Market Value (US$ Mn), 2022-2030
Figure 95: South Asia & Pacific Ultrasonic Sensors Market: Market Share Analysis by Type – 2022–2030
Figure 96: South Asia & Pacific Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Type, 2022–2030
Figure 97: South Asia & Pacific Ultrasonic Sensors Market: Market Attractiveness by Type
Figure 98: South Asia & Pacific Ultrasonic Sensors Market: Market Share Analysis by Application – 2022–2030
Figure 99: South Asia & Pacific Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Application, 2022–2030
Figure 100: South Asia & Pacific Ultrasonic Sensors Market: Market Attractiveness by Application
Figure 101: South Asia & Pacific Ultrasonic Sensors Market: Market Share Analysis by Industry – 2022–2030
Figure 102 South Asia & Pacific Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Industry, 2022–2030
Figure 103: South Asia & Pacific Ultrasonic Sensors Market: Market Attractiveness by Industry
Figure 104: South Asia & Pacific Ultrasonic Sensors Market: Market Share Analysis by Country – 2022–2030
Figure 105: South Asia & Pacific Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Country, 2022–2030
Figure 106: India Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 107: Thailand Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 108: Malaysia Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 109: Indonesia Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 110: Australia & New Zealand. Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 111: Rest of South Asia & Pacific Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 112: South Asia & Pacific Ultrasonic Sensors Market: Market Attractiveness by Country
Figure 113: Middle East & Africa Ultrasonic Sensors Market Value (US$ Mn), 2015-2021
Figure 114: Middle East & Africa Ultrasonic Sensors Market Value (US$ Mn), 2022-2030
Figure 115: Middle East & Africa Ultrasonic Sensors Market: Market Share Analysis by Type – 2022–2030
Figure 116: Middle East & Africa Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Type, 2022–2030
Figure 117: Middle East & Africa Ultrasonic Sensors Market: Market Attractiveness by Type
Figure 118: Middle East & Africa Ultrasonic Sensors Market: Market Share Analysis by Application – 2022–2030
Figure 119: Middle East & Africa Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Application, 2022–2030
Figure 120: Middle East & Africa Ultrasonic Sensors Market: Market Attractiveness by Application
Figure 121: Middle East & Africa Ultrasonic Sensors Market: Market Share Analysis by Industry – 2022–2030
Figure 122: Middle East & Africa Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Industry, 2022–2030
Figure 123: Middle East & Africa Ultrasonic Sensors Market: Market Attractiveness by Industry
Figure 124: Middle East & Africa Ultrasonic Sensors Market: Market Share Analysis by Region – 2022–2030
Figure 125: Middle East & Africa Ultrasonic Sensors Market: Y-o-Y Growth Comparison by Region, 2022–2030
Figure 126: GCC Countries Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 127: Turkey Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 128: South Africa Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 129: Rest of MEA Ultrasonic Sensors Market Absolute $ Opportunity (US$ Mn), 2015 – 2030
Figure 130: Middle East & Africa Ultrasonic Sensors Market: Market Attractiveness by Region
Figure 131: U.S. Ultrasonic Sensors Market Analysis
Figure 132: Canada Ultrasonic Sensors Market Analysis
Figure 133: Mexico Ultrasonic Sensors Market Analysis
Figure 134: Brazil Ultrasonic Sensors Market Analysis
Figure 135: Germany Ultrasonic Sensors Market Analysis
Figure 136: Italy Ultrasonic Sensors Market Analysis
Figure 137: France Ultrasonic Sensors Market Analysis
Figure 138: U.K. Ultrasonic Sensors Market Analysis
Figure 139: Spain Ultrasonic Sensors Market Analysis
Figure 140: BENELUX Ultrasonic Sensors Market Analysis
Figure 141: Russia Ultrasonic Sensors Market Analysis
Figure 142: China Ultrasonic Sensors Market Analysis
Figure 143: Japan Ultrasonic Sensors Market Analysis
Figure 144: South Korea Ultrasonic Sensors Market Analysis
Figure 145: India Ultrasonic Sensors Market Analysis
Figure 146: ASEAN Ultrasonic Sensors Market Analysis
Figure 147: Australia and New Zealand Ultrasonic Sensors Market Analysis
Figure 148: GCC Countries Ultrasonic Sensors Market Analysis
Figure 149: Turkey Ultrasonic Sensors Market Analysis
Figure 150: South Africa Ultrasonic Sensors Market Analysis
The global ultrasonic sensors market is valued at around USD 1,249.7 Million in 2021.
Demand of ultrasonic sensors is increasing for vehicle parking coupled with increasing adoption of ultrasonic sensors in robotics are some of the factors driving the growth of ultrasonic sensors market.
From 2015 to 2021, demand for ultrasonic sensors increased at a CAGR of around 9.7%.
The ultrasonic sensors market is projected to increase at 12% CAGR and is projected to be valued at around USD 13,241.8 Million by 2030.
Germany, the USA, Japan, China, and India are major demand countries for ultrasonic sensors.
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