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Global Ultrasonic Sensor Market Report 2020-2030 - Surging Demand for Industrial Automation Presents Tremendous OpportunitiesDUBLIN, May 22, 2020 /PRNewswire/ -- The "Ultrasonic Sensor Market Research Report: By Type, Application, End-user - Global Industry Share, Growth Analysis, Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. As a result of the growing demand from the manufacturing sector and mushrooming incorporation of ultrasonic sensors in automobiles, the market for these instruments is expected to witness massive advance during the forecast period (2020-2030), with a CAGR of 10.2%. At this rate, the global ultrasonic sensor market is predicted to increase in value from $4.1 billion in 2019 to $12.1 billion by 2030. The biggest trend being witnessed in the ultrasonic sensor market is the rising demand for autonomous mobile robots (AMRs). AMRs are experiencing a rapidly increasing demand from various industries, such as medical electronics, automotive, and oil & gas, primarily on account of the rising technological advancements and the strong focus toward high productivity, augmented operational capacity, and improved efficiency. Ultrasonic sensors are widely used in AMRs for obstacle detection and computing the distance between two objects. Geographically, the Asia-Pacific (APAC) region accounted for the largest share, in terms of revenue, in the ultrasonic sensor market, in 2019. It is also expected to record the fastest growth in the market during the forecast period. The main factors resulting in APAC's leading share and swift advance in the market are the increasing automobile production and booming industrial manufacturing sector in the region, especially in countries such as India, China, and Thailand. Hence, the progress of the automobile production and industrial manufacturing sector, especially in the emerging economies, will lead to the consistent growth of the market. Key Topics Covered Chapter 1. Research Background 1.1 Research Objectives 1.2 Market Definition 1.3 Research Scope 1.3.1 Market Segmentation by Type 1.3.2 Market Segmentation by Application 1.3.3 Market Segmentation by End-user 1.3.4 Market Segmentation by Geography 1.3.5 Analysis Period 1.3.6 Market Data Reporting Unit 1.3.6.1 Value 1.3.6.2 Volume 1.4 Key Stakeholders Chapter 2. Research Methodology Chapter 3. Executive Summary Chapter 4. Introduction 4.1 Definition of Market Segments 4.1.1 by Type 4.1.1.1 Range Measurement 4.1.1.1.1 Through Beam Sensor 4.1.1.1.2 Retro-Reflective Sensor 4.1.1.2 Proximity Detection 4.1.1.2.1 Proximity Sensor 4.1.1.2.2 2 Point Proximity Switch 4.1.2 by Application 4.1.2.1 Level Measurement 4.1.2.2 Distance Measurement 4.1.2.3 Object & Pallet Detection 4.1.2.4 Loop Control 4.1.2.5 Diameter Measurement 4.1.2.6 Others 4.1.3 by End-user 4.1.3.1 Food & Beverage 4.1.3.2 Automotive 4.1.3.3 Healthcare 4.1.3.4 Industrial 4.1.3.5 Agriculture 4.1.3.6 Others 4.2 Value Chain Analysis 4.3 Market Dynamics 4.3.1 Trends 4.3.1.1 Increasing Demand for Autonomous Mobile Robots 4.3.2 Drivers 4.3.2.1 Growing Demand from Manufacturing Industries 4.3.2.2 Increasing Use of Ultrasonic Sensors in Automobiles 4.3.2.3 Impact Analysis of Drivers on Market Forecast 4.3.3 Restraints 4.3.3.1 Operational Issues 4.3.3.2 Impact Analysis of Restraints on Market Forecast 4.3.4 Opportunities 4.3.4.1 Surging Demand for Industrial Automation 4.4 Porter's Five Forces Analysis Chapter 5. Global Market Size and Forecast 5.1 By Type 5.1.1 Range Measurement Ultrasonic Sensor Market, By Type 5.1.2 Proximity Detection Ultrasonic Sensor Market, By Type 5.2 By Application 5.3 By End-user 5.4 By Region Chapter 6. North America Market Size and Forecast Chapter 7. Europe Market Size and Forecast Chapter 8. APAC Market Size and Forecast Chapter 9. LATAM Market Size and Forecast Chapter 10. MEA Market Size and Forecast Chapter 11. Competitive Landscape 11.1 List of Market Players and Their Offerings 11.2 Competitive Analysis of Key Players 11.3 Competitive Benchmarking of Key Players 11.4 Strategic Developments of Market Players 11.4.1 Mergers and Acquisitions 11.4.2 Product Launches 11.4.3 Partnerships Chapter 12. Company Profiles 12.1 Honeywell International Inc. 12.1.1 Business Overview 12.1.2 Product & Service Offerings 12.1.3 Key Financial Summary 12.2 OMRON Corporation 12.3 SICK AG 12.4 KEYENCE Corporation 12.5 Balluff GmbH 12.6 IFM Electronic GmbH 12.7 Pepperl+Fuchs AG 12.8 Rockwell Automation Inc. 12.9 Siemens AG 12.10 Banner Engineering Corporation 12.11 Baumer Holding AG For more information about this report visit https://www.researchandmarkets.com/r/i5jubb Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-ultrasonic-sensor-market-report-2020-2030---surging-demand-for-industrial-automation-presents-tremendous-opportunities-301064212.html SOURCE Research and Markets |