Report Detail
North America Ultrasonic Sensor Market to 2027 - Regional Analysis and Forecasts by Type (Proximity Sensors, Retro- Reflective Sensors, Through Beam Sensors, Others); Application (Liquid Level Detection, Production Line, Distance Measurement, Others); Industry Vertical (Automotive, Food & Beverages, Medical, Oil & Gas, Industrial, and Others)
- RnM3876459 |
- 07 February, 2020 |
- Global |
- 135 Pages |
- The Insight Partners |
- Electronics & Semiconductor
Ultrasonic sensor market in North America is expected to grow from US$ 1.16 Bn in 2018 to US$ 2.20 Bn by the year 2027. This represents a CAGR of 7.3% from the year 2019 to 2027.
The manufacturing sector is rapidly expanding with increasing investments from various countries. This sector is likely to expand further by embracing technological advancements to enhance plant productivity, maintain the edge with customers, and gain competitive advantage. Developments in this sector are driven by economic growth worldwide. Also, the sector is witnessing a technological renaissance, which is changing the outlook, systems, and processes of the modern factory. In October 2018, the North American manufacturing sector registered purchasing managers’ index (PMI) of 52.4. The region is likely to continue with the strong PMI in the coming years as well, thus signifying a strong recovery of the manufacturing sector, increasing industrial advancements in the emerging economy of Mexico, and intensifying commodities prices. The growing manufacturing industry is expected to drive the growth of the ultrasonic sensor market.
In the recent past, the adoption of automation was low in nonautomotive industries compared to that in the automotive industry. The penetration of industrial automation is now gaining pace in these industries. With the increasing functionality of equipment such as industrial robots, this adoption is further anticipated to accelerate in the years to come. Moreover, developed markets, including the US and Japan, are at the forefront in terms of adopting automation technologies; however, there are still numerous opportunities available for the industrial market to grow further even in the developed markets. The overall growth of the industrial sector is attributed to the growing necessity of modernization and transformation in these markets, which is expected to support the growth of the ultrasonic sensor market. The technological revolution within factories is motivating the manufacturing industries to invest in emerging technologies to enhance the production cycle of products manufactured in the respective industries and productivity. The growing popularity of automation across various industries is expected to drive the growth of the ultrasonic sensor market.
The ultrasonic sensor market by application is segmented into the production line, liquid level detection, distance measurement, and others. The production line technology holds a significant share of the ultrasonic sensor market; however, the distance measurement is expected to grow at a significant rate. These sensors are essential for inventory management and process control industries. Companies such as Migatron, provide two types of level sensors, continuous level sensors, and point level sensors. Based on the application area, the sensor is used for liquid level measurement is needed. The point level sensors are used to locate a single liquid height at a determined level, whereas, continuous level sensors offer level monitoring of an entire system. Ultrasonic technology detects all materials majorly. Liquids such as milk, chemicals, lacquer, and others are controlled.
The overall North America ultrasonic sensor market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North America ultrasonic sensor market. It also provides an overview and forecast for the North America ultrasonic sensor market based on all the segmentation provided with respect to the North America region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America ultrasonic sensor industry. Some of the players present in the ultrasonic sensor market are Balluff Inc., Baumer Group, Honeywell International, Inc., Keyence Corporation, Migatron Corporation, Murata Manufacturing Co. Ltd, Omron Corporation, Pepperl+Fuchs AG, Rockwell Automation, Inc., Siemens AG, among others.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 North America Ultrasonic Sensor Market – By Type
- 1.3.2 North America Ultrasonic Sensor Market – By Application
- 1.3.3 North America Ultrasonic Sensor Market – By Industry Vertical
- 1.3.4 North America Ultrasonic Sensor Market – By Country
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. North America Ultrasonic Sensor Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinions
5. North America Ultrasonic Sensor Market – Key Market Dynamics
- 5.1 Key Drivers
- 5.1.1 Rapidly expanding manufacturing industry
- 5.1.2 Growing popularity of automation across various industries
- 5.2 Key Restraints
- 5.2.1 Availability of substitute sensor types
- 5.3 Key Opportunities
- 5.3.1 Growing popularity of autonomous vehicles
- 5.4 Future Trends
- 5.4.1 Growing deployment of ultrasonic sensors in agriculture sector
- 5.5 Impact Analysis of Drivers and Restraints
6. Ultrasonic Sensor Market – North America Market Analysis
- 6.1 Overview
- 6.2 North America Ultrasonic Sensor Market Revenue and Forecasts To 2027 (US$ Mn)
7. North America Ultrasonic Sensor Market Analysis – By Type
- 7.1 Overview
- 7.2 Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027
- 7.3 Proximity Sensors
- 7.3.1 Overview
- 7.3.2 Proximity Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
- 7.4 Retro- Reflective Sensors
- 7.4.1 Overview
- 7.4.2 Retro-Reflective Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
- 7.5 Through Beam Sensors
- 7.5.1 Overview
- 7.5.2 Through Beam Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others Market Forecast and Analysis
8. North America Ultrasonic Sensor Market Analysis – By Application
- 8.1 Overview
- 8.2 Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027
- 8.3 Liquid Level Detection
- 8.3.1 Overview
- 8.3.2 Liquid Level Detection Market Revenue and Forecasts to 2027 (US$ Mn)
- 8.4 Production Line
- 8.4.1 Overview
- 8.4.2 Production Line Market Revenue and Forecasts to 2027 (US$ Mn)
- 8.5 Distance Measurement
- 8.5.1 Overview
- 8.5.2 Distance Measurement Market Revenue and Forecasts to 2027 (US$ Mn)
- 8.6 Others
- 8.6.1 Overview
- 8.6.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Ultrasonic Sensor Market Analysis– By Industry Vertical
- 9.1 Overview
- 9.2 North America Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027
- 9.3 Food and Beverage
- 9.3.1 Overview
- 9.3.2 Food and Beverage Market Forecast and Analysis
- 9.4 Medical
- 9.4.1 Overview
- 9.4.2 Medical Market Forecast and Analysis
- 9.5 Automotive
- 9.5.1 Overview
- 9.5.2 Automotive Market Forecast and Analysis
- 9.6 Oil & Gas
- 9.6.1 Overview
- 9.6.2 Oil & Gas Market Forecast and Analysis
- 9.7 Industrial
- 9.7.1 Overview
- 9.7.2 Industrial Market Forecast and Analysis
- 9.8 Others
- 9.8.1 Overview
- 9.8.2 Others Market Forecast and Analysis
10. North America Ultrasonic Sensor Market – Country Analysis
- 10.1.1 North America Ultrasonic Sensor Market Breakdown, By Key Country
- 10.1.1.1 US Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
- 10.1.1.1.1 US Ultrasonic Sensor Market Breakdown, By Type
- 10.1.1.1.2 US Ultrasonic Sensor Market Breakdown, By Application
- 10.1.1.1.3 US Ultrasonic Sensor Market Breakdown, By Industry Vertical
- 10.1.1.2 Canada Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
- 10.1.1.2.1 Canada Ultrasonic Sensor Market Breakdown, By Type
- 10.1.1.2.2 Canada Ultrasonic Sensor Market Breakdown, By Application
- 10.1.1.2.3 Canada Ultrasonic Sensor Market Breakdown, By Industry Vertical
- 10.1.1.3 Mexico Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
- 10.1.1.3.1 Mexico Ultrasonic Sensor Market Breakdown, By Type
- 10.1.1.3.2 Mexico Ultrasonic Sensor Market Breakdown, By Application
- 10.1.1.3.3 Mexico Ultrasonic Sensor Market Breakdown, By Industry Vertical
11. Ultrasonic Sensor Market - Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 New Development
- 11.4 Merger and Acquisition
12. Company Profiles
- 12.1 Baumer Group
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Balluff GmbH
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Honeywell International Inc.
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Keyence Corporation
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Murata Manufacturing Co., Ltd.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Product and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Migatron Corporation
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Omron Corporation
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Pepperl+Fuchs AG
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Rockwell Automation, Inc.
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Siemens AG
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
Summary:
Get latest Market Research Reports on North America Ultrasonic Sensor . Industry analysis & Market Report on North America Ultrasonic Sensor is a syndicated market report, published as North America Ultrasonic Sensor Market to 2027 - Regional Analysis and Forecasts by Type (Proximity Sensors, Retro- Reflective Sensors, Through Beam Sensors, Others); Application (Liquid Level Detection, Production Line, Distance Measurement, Others); Industry Vertical (Automotive, Food & Beverages, Medical, Oil & Gas, Industrial, and Others). It is complete Research Study and Industry Analysis of North America Ultrasonic Sensor market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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