As per report titled ‘Ultrasonic Sensors Market Size, By Type, By Application (Level Measurement, Obstacle Detection, Distance Measurement), Industry Verticals (Automotive, Consumer Electronics, Industrial, Healthcare, Aerospace & Defense), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, global ultrasonic sensors market is expected to register a healthy growth rate during 2021-2027.
 

Surging demand for autonomous safety systems in vehicles, rising penetration of automation and robots in manufacturing sector, and escalating adoption of smart home and IoT devices are promulgating the global ultrasonic sensors market growth. Moreover, increasing integration of ultrasonic sensing technology in medical devices and consumer electronics are adding momentum to the overall industry expansion, claims the study.
 

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For the uninitiated, an ultrasonic sensor is utilized for measuring the distance between an object by using ultrasonic sound waves. These sensors are generally used as proximity sensors in automobile self-parking technology and anti-collision safety systems. In the chemical sector, they serve as level sensors for monitoring and regulating liquid levels in containers.
 

Based on application segment, global ultrasonic sensors industry is split into obstacle detection, level measurement, distance measurement, and others. Among these, the others segment is slated to register 12.5% CAGR through 2027, creditable to growing adoption of ultrasonic senor in loop control and diameter measurement applications for industrial machineries.
 

In terms of industry verticals, global ultrasonic sensors market size from consumer electronics segment is touted to record 9.5% CAGR through 2027, largely driven by continuous innovations to implement ultrasonic sensing technology in smartphones. Meanwhile, the healthcare segment is anticipated to gain considerable traction owing to increasing installations of mHealth applications in smartphones.
 

From a geographical perspective, North America, Latin America, Middle East & Africa, Asia Pacific, and Europe are the key regional contributors to the industry growth. Among these, Middle East & Africa region is predicted to expand at 5.5% CAGR through 2027, fueled by growing penetration of automation technologies in oil refineries.
 

With respective to the competitive arena, key players influencing the global ultrasonic sensors industry trends are TTI Inc., TE Connectivity Ltd., TDK Corp., Sick AG, Senix, Schneider Electric SE, Rockwell Automation Inc., Robert Bosch GmbH, Pepperl+Fuchs AG, Omron Corp., Murata Manufacturing Co. Ltd., Migatron Corp., Microsonic GmbH, Keyence Corp., Ifm Electronic, Hella KGaA Hueck & Co., Hans Turck GmbH & Co. KG, Gems Sensors Inc., Datalogic S.p.A, Baumer Ltd., Banner Engineering Corp., and Balluff Inc.