The industrial scenario is changing rapidly, which can be primarily ascribed to technological advancements. Moreover, the expansion of the Industry 4.0 is resulting in the surging demand for automation in industries. The processes and operations in the industrial sector are getting more and more complex. As the population across the globe is increasing, the demand for enhanced productivity in industries is growing rapidly as well. Attributed to this, industries are making use of automated processes for making sure that consumer demand is met.
Owing to this, ultrasonic sensors are widely being utilized in industries. An electronic device that measures the distance of a targeted object by emitting ultrasonic sound waves is referred to as an ultrasonic sensor. The emitted sound waves convert the reflected sound into electrical signals. Since ultrasonic waves travel at a speed faster than the audible sound, the demand for ultrasonic sensors has been increasing in a number of industries.
Browse detailed report - Ultrasonic Sensor Market Analysis and Demand Forecast Report
According to a report by P&S Intelligence, the global ultrasonic sensor market is predicted to attain a revenue of $12.1 billion by 2030, increasing from $4.1 billion in 2019, exhibiting a 10.2% CAGR during the forecast period (2020–2030). Between the two types of ultrasonic sensors, the demand for proximity detection sensors was higher in 2019, owing to their growing usage in the food & beverages processing industries. Ultrasonic proximity sensors are further of two types, namely 2 point proximity switch and proximity sensor.
These devices have a number of applications, however, their demand for level measurement application was higher in the past. These devices are widely being utilized for detecting the level of water or fluids in various industries. Ultrasonic sensors are also utilized in cars for detecting fuel in tanks. Other than this, the demand for ultrasonic sensors is also expected to rise considerably for the object & pallet detection application, as their adoption in autonomous cars for detecting obstacles on the road is growing.
