Sep 24 2015
The Global Ultrasonic Sensors market is expected to increase to $0.63 billion by 2018 at a CAGR of 15.78% over the period 2015-2020. Ultrasonic sensors are widely used in various medical inspections including prenatal examinations to which radiography cannot be applied.
The inclination of growth towards medical and industrial applications such as material handling, food & beverage and level measurement are the factors making the ultrasonic sensors market to grow lucratively.
Because of its ability of real time visualization, the sensors can also be used for tissue biopsy sampling or therapeutics while locating the target organ. Ultrasonic sensors are used for diagnosis of internal organs including liver, kidneys, pancreas and gallbladder or watching fetal growth and health condition of the pregnant women. Dominance of other technologies and dearth of manufacturing excellence are the factors hindering the growth of ultrasonic sensors market.
The Ultrasonic Sensors Market is segmented on the basis of Type (Ultrasonic Proximity Sensors, Ultrasonic Retro-Reflective Sensors, Ultrasonic Through Beam Sensors), Technology (Ultrasonic Medical Technology, Ultrasonic Processing Technology, Ultrasonic Testing Technology), Application (Automotive, Food and Beverage, Medical & Healthcare, Petroleum, Industrial and Others), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
This report describes a detailed study of the Porter's five forces analysis, market segments, major geographies, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis.
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of Ultrasonic Sensors Market. Some of the top companies mentioned in the report are Honeywell International (U.S.), Pepperl+Fuchs (Germany), Siemens Ag (Germany), Baumer Ltd (China), Rockwell Automation (US), and among others.
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