Ultrasound Sensors Market, By Technology [Piezoelectric, Capacitive, Micro-Electromechanical Systems (MEMS), and Others], By Application (Medical, Industrial, Automotive, and Others), and By Region Forecast to 2032
—
The ultrasound sensors market has experienced significant growth, with the market size reaching USD 4.8 billion in 2022 and projected to reach USD 10.9 billion by 2032, with a revenue CAGR of 9.5% during the forecast period. Factors driving this growth include the increasing demand for minimally invasive medical treatments, the rising incidence of chronic diseases, and the development of ultrasonic sensor technologies.
Furthermore, the use of ultrasonic sensors in industrial automation and robotics is expected to drive market revenue growth. The need for minimally invasive medical procedures is also a key factor driving revenue growth, as ultrasound sensors are widely used for the detection and treatment of various ailments, such as cancers, cardiovascular problems, and gastrointestinal issues. The increase in chronic diseases such as cancer, diabetes, and cardiovascular disorders has also led to a surge in demand for ultrasound sensors. Additionally, the elderly population’s growth worldwide has contributed to the need for ultrasound sensors as they are more susceptible to chronic illnesses.
The development of ultrasonic sensor technologies has significantly contributed to revenue growth. The advancements in ultrasound sensors have led to better imaging quality, greater accuracy, and shorter examination times. Portable ultrasound sensors have also increased access to medical treatment by making ultrasound technology available in isolated and undeveloped regions. The increasing use of ultrasonic sensors in robotics and industrial automation is expected to drive market revenue growth as they are used for object detection, distance measurement, and positioning.
Moreover, government programs that aim to increase the use of ultrasonic sensors in medical and industrial applications are also expected to drive market revenue growth. The Food and Drug Administration (FDA) in the United States has approved the use of ultrasound technology for breast cancer diagnosis, which is expected to increase the demand for ultrasound sensors in the medical sector.
Get a Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/sample-enquiry-form/6420
Segments Covered in the Report
This report provides a comprehensive analysis of the global ultrasound sensors market, with historical data and revenue growth forecasts presented at the global, regional, and country level. The report also analyzes market trends in each of the sub-segments from 2019 to 2032. The global ultrasound sensors market is segmented based on technology, application, and region.
In terms of technology, the market is divided into Piezoelectric, Capacitive, MEMS, and Others, with revenue forecasts presented for each segment. The market is further segmented by application into Medical, Industrial, Automotive, and Others, with revenue forecasts presented for each sub-segment.
The regional outlook for the ultrasound sensors market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. For each region, revenue forecasts are presented for the countries of the United States, Canada, Mexico, Germany, the United Kingdom, France, Italy, Spain, Sweden, BENELUX, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, South Africa, Israel, and Rest of MEA.
This segmentation allows for a detailed analysis of the ultrasound sensors market, providing valuable insights into the market’s trends and potential growth opportunities in each segment and region.
Access Full Report Description with Research Methodology and Table of Contents @ https://www.reportsanddata.com/report-detail/ultrasound-sensors-market
The following are notable strategic developments in the ultrasound sensors market:
- In 2021, Robert Bosch GmbH introduced an ultrasound sensor system specifically designed for the automotive industry. The system aims to provide precise distance measurements and object detection for Advanced Driver Assistance Systems (ADAS) and autonomous driving applications.
- Also in 2021, MTS Systems Corporation announced its acquisition of PCB Piezotronics, a top manufacturer of sensors and instrumentation for the automotive, aerospace, and industrial markets. The acquisition was made to expand MTS Systems’ product portfolio and customer base.
- Analogic Corporation, in 2020, announced the sale of its ultrasound business to BK Medical, a subsidiary of the Danish company, Ambu A/S. This was aimed at allowing Analogic to concentrate on its core business of medical imaging and security technology.
- In the same year, Honeywell International, Inc. launched a new range of ultrasound sensors for industrial applications. These sensors are designed to provide accurate distance measurements and object detection even in harsh environments like factories and warehouses.
- Furthermore, TE Connectivity acquired First Sensor AG, a leading manufacturer of sensors and sensing solutions for industrial and medical applications, in 2020. The acquisition aims to expand TE Connectivity’s product portfolio and customer base.
- Lastly, in 2021, MTS Systems Corporation released a new series of ultrasound sensors that can operate effectively in challenging environments, particularly for industrial and aerospace applications. The sensors are designed to provide accurate distance measurements and object detection.
Competitive Landscape:
The global ultrasound sensors market is home to several major companies, including Analogic Corporation, TE Connectivity, MTS Systems Corporation, Honeywell International Inc., BAE Systems, SensComp Inc., Maxbotix Inc., Panasonic Corporation, Robert Bosch GmbH, and NXP Semiconductors N.V. These companies are significant players in the market and are constantly striving to develop innovative ultrasound sensor technologies. They compete with each other through product development, partnerships, mergers and acquisitions, and expanding their global reach to gain a competitive edge in the market. The competition in the ultrasound sensors market is expected to intensify further with the increasing demand for ultrasound sensors in the medical, automotive, and industrial sectors.
Read More About: – Global Radio Frequency Coaxial Connector (RPC) Market to Reach USD 7.37 Billion by 2032, Fueled by Rising Demand for Wireless Communication Systems and Increased Usage Across End-use Sectors
About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problem provide our clients with the ability to secure an edge over their respective competitors.
Contact Info:
Name: John W
Email: Send Email
Organization: Reports and Data
Address: 40 Wall St. 28th floor New York City, NY 10005 United States
Phone: +1-212-710-1370
Website: https://www.reportsanddata.com/
Release ID: 89094793
