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Ultrasound Sensors Market Size & Share, 2018 | Industry Trends Report

Ultrasound Sensors Industry 2018 Market Research Report

Report ID: MN17614515  |  Published: March 2017  |  No of Pages: 119
Format: Electronic (PDF)  |  Industry: Sensors  |  Publisher: QY Research

Global ultrasound sensors market is expected to witness a lucrative growth over the forecast period owing to the increasing applications of ultrasound in healthcare including renal denervation and sonography and rising demand for the least invasive process are the key drivers for this sector. The demand for least invasive process and surgeries is on a rise. These processes lead to lesser traumas to the patient and faster recovery than invasive procedures including open heart surgery. Increasing occurrence of chronic diseases and injuries related to tendons, joints, muscles, vessels and internal organs is anticipated to fuel the ultrasound sensors market over the next eight years. Cost efficiency and low adverse effects associated with the product is projected to increase the installation of ultrasound sensors over the upcoming years.

The ultrasound sensors market is expected to grow constantly on account of the increasing operational efficiency and demand for production. Ultrasonic sensors are used for object detection, distance measurement, liquid level measurement, pallet detection, and anti-collision detection. The various types of ultrasonic sensors broadly used across manufacturing utilities include ultrasonic through beam sensors, reflective sensors, and ultrasonic 2-point proximity switches. Ultrasonic sensors improve operational efficiency and improve safety standards. This is one of the major factors fuelling the demand for ultrasonic sensors worldwide.

The product segments for ultrasound market include acoustic microscopy and processing, ranging & detection, power, and imaging. Ranging & detection is further classified into motion sensors, non-contact sensors & flow measurement, ultrasound identification and ultrasonic range finding. Non-contact sensors are expected to experience lucrative growth over the upcoming years on account of the product’s efficiency and the easy to use functions. Imaging of an object is done in which resolution comparable to an optical image produced with 3GHZ sound waves. Segmentation of acoustic microscopy sector includes veterinary medicines and human medicines. Veterinary and human medicines are used for detection of soft tissues injuries, muscles, and internal organs. Power & processing segment is segmented into ultrasonic cleaning and biomedical application. Biomedical application is extensively used for dosage precautions. Applications characterizing particulates by techniques include transcranial pulsed ultrasound, ultrasound attenuation spectroscopy and by electro acoustic phenomena.

The growing need for vehicle safety worldwide is creating the demand for smart parking systems. Moreover, the changing government regulation in urban cities for smart traffic management is ensuring the demand for these systems. The growing need for smart parking systems is bolstering the demand for ultrasonic sensors. In addition, the geriatric population is resulting in the rising number of diagnosis of chronic diseases and in turn resulting in rising of healthcare costs globally. Healthcare institutes are eyeing for cost-efficient ways of offering healthcare services to patients. This has facilitated the development of wearable medical devices for primary detection and treatment of chronic diseases. On account of the above stated factors, the product demand is projected to experience stable growth throughout the forecast period.

The ultrasonic proximity sensors segment is observed to dominate the industry from the past few years on account of its accuracy and easy to use the facility. Increase in the demand of technologically advanced vehicle with blind spot detection, automated steering control, and parking assistance systems are expected to drive the market of ultrasonic sensors immensely. Europe is observed to dominate the industry owing to the bulk of product manufacturers present in the region. Asia Pacific is expected to be the second largest market for the product on account of large population.

North America ultrasound sensors market is observed to be dominating product market from the past few years on account of increasing demand for least invasive surgical process and the introduction of technologically advanced products. Asia Pacific ultrasound sensors market is projected to be the most lucrative market segments on account of rising patient awareness about ultrasonic treatments usage and increasing disposable income over the next eight years. The key ultrasound sensors market participants operating in the market include Omron, Blatek Inc., Migatron Corp., Maxbotix, Philips, Acuson, Rockwell Automation, Pepperl+Fuchs, Esaote and Vermon. Ultrasound sensors Market is highly competitive in nature.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Ultrasound Sensors in these regions, from 2013 to 2025 (forecast), covering
• United States
• EU
• China
• Japan
• South Korea
• Taiwan

Global Ultrasound Sensors market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Honeywell International
• Baumer
• Siemens
• Rockwell Automation
• Robert Bosch
• Omron
• Migatron Corp
• Vermon
• Maxbotix
• Pepperl+Fuchs
• Blatek Inc
• Acuson
• Esaote

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Beam Sensors
• Proximity Sensors
• Ultrasonic Retro-reflective Sensors

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Food and Beverages
• Military and Defense
• Automotive
• Healthcare
• Other

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