Press release
Ultrasonic Sensors Market Competitive Analysis, Future Prospects and Growth Forecast 2027: Keyence Corporation, Pepperl+Fuchs, Honeywell International Inc., Rockwell Automation,
Ultrasonic Sensors Market 2022-2027 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Ultrasonic Sensors Market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Ultrasonic Sensors Market all told its geographical and merchandise segments.The ultrasonic sensors market was valued at USD 1040.12 million in 2020 and is expected to reach a value of USD 2383.19 million by 2027, at a CAGR of 15.68%, during the forecast period (2020-2025).
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The Global Ultrasonic Sensors Market is highly competitive and consists of a number of Major Key Players are: Keyence Corporation, Pepperl+Fuchs, Honeywell International Inc., Baumer Ltd, Rockwell Automation, Murata Manufacturing Co. Ltd, Omron Corporation, Sick AG, Banner Engineering, Baluff Inc., Robert Bosch GmbH others.
Industry News:
- January 2019 - Pepperl+Fuchs released a low-temperature version of its popular L2 ultrasonic sensor, which is ready for use in cold storage and extremely cold regions of the world.
- November 2018 - New ultrasonic sensors from Baumer outperformed with robust housings and IO-link.The sensors for distance measurement and object detection are characterized by particularly robust design. The sensors sealed with PEEK films easily withstand even the toughest conditions, such as the IP 69 impermeability test.
Key Market Trends:
Automotive Industry to Create Huge Demand for Ultrasonic Sensors
- Ultrasonic devices offer several applications in automotive sensors, like parking assistance, safety alarms, collision avoidance, object detection, and automatic braking system. They play an important role in shaping the future of the next-generation driver assistance and self-driving systems.
- On-board sensing systems are being offered in advanced cars for a premium process. These systems rely on ultrasonic sensors for measuring relative distances of objects from the car. Long-range radar capabilities are being integrated with cruise control systems to avoid collisions between vehicles. These sensors are also being used for detection of distances on the rear end of the automobiles for parking assistance and braking control.
- Additionally, sensor vendors have been offering several variants of ultrasonic sensors with increased capabilities like open-structures, waterproofing, and external casing for reducing damage.
North America to Account for a Significant Share in the Market
- North America has been a traditional leader in the ultrasonic sensors market due to a number of factors. Market penetration is quite high in this sector and the presence of several automotive and manufacturing giants is a very crucial growth factor.
- Among the countries of North America, the United States holds most of the market share, while the Canadian market is estimated to grow faster than the US market. The health expenditure per capita in the United States is very high, greater than its developed counterparts in Europe.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/02285840206/ultrasonic-sensors-market-growth-trends-covid-19-impact-and-forecasts-2022-2027?Mode=Iris
The key insights of the Ultrasonic Sensors Market report:
The report provides key statistics on the market status of the Ultrasonic Sensors Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Ultrasonic Sensors Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Ultrasonic Sensors Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Ultrasonic Sensors Market Industry before evaluating its feasibility.
Finally, Ultrasonic Sensors Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Customization services available with the report:
-15% Free customization.
-Five Countries can be added as per your choice.
-Five Companies can add as per your choice.
-Free customization up to 40 hours.
-post-sales support for 1 year from the date of delivery.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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