$1.46 Billion Ultrasonic Sensors Market - Forecasts from 2018 to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 5, 2018--The “Ultrasonic Sensors Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global ultrasonic sensors market is projected to witness a CAGR of 10.40% during the forecasted period to reach a total market size of US$1.465 billion by 2023, increasing from US$0.809 billion in 2017.
The ultrasonic sensors are used for object detection, distance measurement, anti-collision detection, liquid level measurement and pallet detection. These sensors meet diverse applications requirements such as material handling, processing and hygiene detection in food and beverages, guiding mobile equipment in industrial scenarios, and assisted parking in automobiles.
Growing awareness towards the safety and hygiene of food and strict regulations are the key driving factors driving the growth of this market. The rising adoption of automation in automotive and various others sectors will give a big boost to ultrasonic sensors market in the upcoming years. Further advancement in the accuracy of ultrasonic sensors will drive the market globally.
Global ultrasonic sensors market is segmented on by type, application, industry vertical, and by geography.
By Type:Proximity Detection Ranging Measurement
By Application:Distance Measurement Anti-Collision Detection Liquid Level Measurement Object Detection Others
By Industry Vertical sAutomotive Military and Defense Oil and Gas Food and Beverage Material Handling Others
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Ultrasonic Sensors Market Forecast By Type
6. Global Ultrasonic Sensors Market By Application
7. Global Ultrasonic Sensors Market Forecast By Industry Vertical
8. Global Ultrasonic Sensors Market Forecast By Geography
9. Competitive Intelligence
10. Company ProfilesSiemens AG Pepperl+Fuchs GmbH Honeywell International Inc. Murata Manufacturing Co., Ltd Rockwell Automation, Inc. Robert Bosch GmbH Baumer Ltd Schneider Electric MaxBotix Inc. OMRON Corporation
For more information about this report visit https://www.researchandmarkets.com/research/dw3f67/1_46_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180605006511/en/
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Related Topics:Sensors ,Acoustic Sensors
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SOURCE: Research and Markets
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PUB: 06/05/2018 02:09 PM/DISC: 06/05/2018 02:09 PM