The ultrasonic sensor market in North America is projected to grow from USD 1.16 billion in 2018 to USD 2.20 billion by 2027, reflecting a compound annual growth rate (CAGR) of 7.3% from 2019 to 2027.
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Ultrasonic sensors operate by emitting ultrasonic waves and detecting their reflections from a target to measure distance. By calculating the time between wave emission and reception, these sensors determine the targetโs position accurately. They are widely used across various industries, including food and beverage, chemical, medical, automotive, agriculture, process control, and wastewater management. Common applications include conveyor belt systems, smart parking, vehicle detection in car washes, pallet detection with forklifts, medical diagnostics, liquid level sensing, trash level monitoring, and production lines.
Ultrasonic processing technology offers several advantages, such as process efficiency, low power consumption, cost-effectiveness, user-friendliness, adaptability to specific applications, and environmental safety. These factors contribute to consistent product quality and improved outcomes. Additionally, the growing adoption of automation and Industry 4.0 in manufacturing and other sectors is a key driver fueling the expansion of the ultrasonic sensor market.
Moreover, the use of sensors in autonomous vehicles and other vehicles with ADAS features to measure the range during parking is giving other opportunities to the automotive industry for growth. On the contrary, the availability of substitute products such as an optical sensor for measuring distance might act as an obstacle in the growth of the ultrasonic sensor market.
Currently, the US is dominating the ultrasonic sensor market in terms of installation, which in turn boosts the demand for the ultrasonic sensor market in the region. The country has a strong manufacturing sector, which accounts for ~11.15% of the GDP. Some of the significant US-based manufacturers include Exxon Mobil Corp, Apple, Inc., General Motors Co., and Chevron Corp, among others. The companies in the country are focusing on improving performance. They are moving towards new technologies such as AI, IIoT, machine-to-machine digital connectivity, and advanced automation, among others. Since the demand for ultrasonic sensors is high in the automotive and manufacturing sector, the presence of manufacturing and automotive giants in the country is expected to support the growth of the ultrasonic sensor market. The figure given below highlights the revenue share of Mexico in the North America ultrasonic sensor market in the forecast period:
North America Ultrasonic Sensor Strategic Insights
Strategic insights for the North America Ultrasonic Sensor provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Ultrasonic Sensor Report Scope
| Attribute | Details |
| Market Size (2018) | US$ 1.16 Billion |
| Market Size (2027) | US$ 2.20 Billion |
| Global CAGR (2019-2027) | 7.3% |
| Historical Data | 2016-2017 |
| Forecast Period | 2019-2027 |
| Segments Covered | By Type: Proximity Sensors, Retro-Reflective Sensors, Through Beam Sensors By Application: Liquid Level Detection, Production Line, Distance Measurement By Industry Vertical: Automotive, Food & Beverages, Medical, Oil & Gas, Industrial |
| Regions Covered | North America (US, Canada, Mexico) |
| Market Leaders | Balluff Inc., Baumer Group, Honeywell International, Inc., Migatron Corporation, Keyence Corporation, Murata Manufacturing Co. Ltd., Omron Corporation, Pepperl+Fuchs AG, Rockwell Automation, Inc., Siemens AG |
North America Ultrasonic Sensor Regional Insights
The geographic scope of the North America Ultrasonic Sensor refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Authorโs Bio
Akshay
Senior Market Research Expert at Business Market Insights
