Press release
Ultrasonic Sensors Market to Improves Operational Efficiency & the Safety Standards
Reflective sensors, ultrasonic through beam sensors and ultrasonic 2 point proximity switches are the various types of ultrasonic sensors. The usage of ultrasonic sensor improves operational efficiency and the safety standards. These are some of the major factors fueling the demand for ultrasonic sensors globally.
The ultrasonic sensors market is anticipated to experience a stable growth during the forecast period from 2015 to 2023. For better understanding of the market, the global ultrasonic sensors market has been categorized by type, application, and industry.
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By types, the market has been segmented into ultrasonic proximity sensor, ultrasonic through beam sensor, ultrasonic retro reflective sensor, and ultrasonic 2 point proximity switches. The application segment includes liquid level measurement, object detection, distance measurement, anti collisions detection and pallet detection among others.
On the basis of industry, the global ultrasonic sensors market can be bifurcated into automotive, power and oil & gas, chemical, agriculture, construction, pulp and paper, material handling, food and beverage, aerospace and defense, medical and healthcare, and others.
In addition, this report also provides the cross sectional analysis of all the above segments across different countries within the various regions such as North America, Asia Pacific, Europe and Rest of the World (RoW).
This report focuses on the current position of the global ultrasonic sensor market and provides a forecast from the period of 2015 to 2023. Furthermore, the report also highlights the current market synopsis and the driving factors that are predicted to have an impact on the future demand of ultrasonic sensor globally.
In addition, the various micro economic and macro-economic factors that are anticipated to affect the growth of global ultrasonic sensor market are also provided in this report.
Among the various types of ultrasonic sensors, the ultrasonic proximity sensors segment held the largest market with more than 40% market share in terms of revenue in 2014.
This report gives readers a comprehensive overview of the Ultrasonic Sensors Market. Browse through to unlock the hidden opportunities in this market:
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The ultrasonic through beam sensors segment is predicted to be the fastest growing market during the forecast period. Among the various industrial applications of global ultrasonic sensors, the power and oil & gas industry contribute the largest market share in 2014.
Globally, Europe occupied the largest market share of ultrasonic sensors market, accounting for more than 35% market share in 2014. Increasing application of these sensors for parking assistance, blind spot detection and automated steering control among others in automotive industry is boosting the demand of ultrasonic sensors in Europe. The ultrasonic sensors market of Europe is followed by Asia Pacific.
However, this region is anticipated to be the fastest growing market due to extensive use of ultrasonic sensors across various application segments such as automotive and power and oil & gas industry.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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