Ultrasonic Sensors Market Expected to Reach US$1.67 bn by 2023 - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-2023

ResearchMoz added Latest Research Report titled " Ultrasonic Sensors Market Expected to Reach US$1.67 bn by 2023 " to it's Large Report database.

The Ultrasonic Sensors are used for liquid level measurement, object detection, distance measurement, anti collision detection and pallet detection among others. Ultrasonic sensors are used to improve the operational efficiency and provide additional safety in manufacturing facilities. This is one of the major factors fueling the demand for ultrasonic sensors globally.

The need for demand of automation and focus on improvement of production efficiency has increased across industries such as automotive, chemical, construction, and food and beverages among others. Moreover, increasing demand for advanced features such as automatic steering controls, park assist system, blind spot detection and adaptive cruise control is also expected to have a positive impact on the demand for ultrasonic sensors globally.

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The rising concern for driver safety has ensured the integration of antilock braking systems (ABS) in most of the vehicles. Moreover, the ultrasonic sensors are used to control steering, acceleration and braking while parking the vehicle. In addition, the ultrasonic sensors also gather location information of the vehicle. In addition, the emerging concept of wearable medical devices is also aiding to the growth of the market. The wearable medical devices are embedded with various types of sensors such as ultrasonic, temperature, heart rate sensors and pressure sensors among others. The ultrasonic sensors can be used to visualize the internal parts of the human body without causing any negative impact. These factors are driving the growth for the market during the forecast period.

By types, the market is divided into ultrasonic proximity sensors, ultrasonic retro-reflective sensor, ultrasonic through beam sensor, ultrasonic 2 point proximity switches. On the basis of application the ultrasonic sensors market segmented into liquid level measurement, object detection, distance measurement, anti collision detection, pallet detection and others. By industry the market is categorized into automotive, power and gas & oil, chemical, agriculture, construction, pulp and paper, material handling, food and beverage, medical and healthcare and aerospace and defense among others. Moreover, the report also provides cross sectional analysis of all the above segments across different countries within different regions such as North America, Asia Pacific, Europe and Rest of the World.

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Table of Content

Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
3.2 Value Chain analysis
3.3 Original Equipment Manufacturers (OEMs)
3.4 Assemblers
3.5 Integrators
3.6 Distribution Channel
3.7 Market Dynamics
3.7.1Market Drivers
3.7.1.1Increasing installation of urban traffic driving aid system
3.7.1.2Rising demand in healthcare sector
3.7.1.3Growing China automotive sensors market
3.7.2Market Restraints
3.7.2.1Shrinking after sales service
3.7.3Market Opportunities
3.7.3.1Ongoing technological advancements tdevelop advanced ultrasonic sensors
3.8 Porter’s five forces analysis
3.8.1Bargaining power of suppliers
3.8.2Bargaining power of buyers
3.8.3Threat from substitutes

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