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Ultrasonic Displacement Sensor Market by Sensor Type (Contact, Non-contact), Component (Transducer, Amplifier, Electronic Components, Others), Transducer Type (Piezoelectric, Electrostatic, Magnetostrictive, Electromagnetic, and Others) and End-user (Industrial, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2025

SE191126

Pages: NA

Nov 2019

Ultrasonic Displacement Sensor Industry Forecast: 2025

The global Ultrasonic Displacement Sensor market size was valued at $ 2,627.65 million in 2018 and is projected to reach $ 4,736.67 million by 2025, registering a CAGR of 8.86% from 2018 to 2025. North America accounted for the highest share in 2018 and is anticipated to maintain its lead in the global Ultrasonic Displacement Sensor market throughout the forecast period. 

Ultrasonic Displacement Sensor systems are sensors which emit ultrasonic waves from the sensor head and receives the waves reflected off the target object. The distance is basically measured by detecting and calculating the time from the emission to receipt of the ultrasonic wave. These sensors can also be used for non-destructive evaluation of objects, such as quantitative testing, and inspection of industrial structures and health monitoring of old buildings. These sensors are more useful compare to optical sensors due to various reasons such as high accuracy rate, broad detection range and high speed. The ultrasonic displacements sensors rely on non-contact methods of measurement and detection of objects in a medium.

Factors such as Increasing demand from the industrial sector is driving the growth of ultrasonic displacement sensors market. In addition, the growing need for ultrasonic displacement sensors in the healthcare segment is anticipated boost the growth of the market over the forecast period. However, dominance of other form of sensors in the market and operational issues are expected to hinder the growth of the Ultrasonic displacement sensors. 

The global Ultrasonic Displacement Sensor market is segment based on Sensor Type, Component, Transducer Type, End-user and region. Based on Sensor Type, the market is divided into Contact, and Non-contact. Based on Component, it is bifurcated into Transducer, Amplifier, Electronic Components, Others. Based on Transducer Type, market is categorized as Piezoelectric, Electrostatic, Magnetostrictive, Electromagnetic, and Others. Based on End-user, the market is segregated into Industrial, Healthcare and Others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the Ultrasonic Displacement Sensor market include ABB, Siemens AG, Pepperl+Fuchs, Honeywell International Inc., Baumer Ltd, Rockwell Automation, Murata Manufacturing Co. Ltd, Omron Corporation, Sick AG, Banner Engineering and others holds major Ultrasonic Displacement Sensor market share.

Increasing demand from Industrial sector

Ultrasonic displacement sensors are basically used to detect objects and measure distance in industrial applications in which versatility and reliability are the key factors. For instance, Pepperl+Fuchs offers a wide variety of ultrasonic displacement sensors which feature benefits such as large measuring ranges of up to 10 m, adjustable sound beams, and minimal dead bands, among others in wide range of housing designs. This automatically helps to offer reliable and efficient solutions. Furthermore, the ultrasonic displacement sensors offer impressive functionality, measurements by transmitting high-frequency sound pulses which are completely inaudible to humans. The sensors operate according to a time-of-flight measurement, by which they measure the time between transmitting the sound waves and receiving the object reflection. The devices help objects to be detected and their distance from the sensor to be measured. Pepperl+Fuchs ultrasonic displacement sensors are equipped with integrated temperature compensation for reliable and accurate measurement. Hence, these ultrasonic displacement sensors are used drastically in industrial applications.

Growing demand of ultrasonic displacement sensors from the Healthcare segment

The smart healthcare systems use ultrasonic displacement sensor and IR proximity sensors in the hospitals and in other healthcare systems. Both these sensors are used for two different purposes and also to perform different functions as well. The healthcare system uses Arduino Uno for the connection of the sensors and the overall implementation of the system. The data gathered by the two sensors is sent to the server immediately. The ultrasonic displacement sensors are used drastically for gathering information regarding the patient.

Furthermore, with the changing society and lifestyle, humans are facing other problems such as increased lifestyle-related diseases and accelerating aging. Ultrasonic displacement sensors can be used to change an individual’s’ physical condition by applying the sensor to the body and turning the obtained biological information into visual images. The sensors have the ability to visualize the internal condition of the human body without damaging them. For instance, these sensors are used for tissue biopsy sampling or therapeutics while locating the target organ. Hence, the growing demand for ultrasonic displacement sensors in the healthcare segment is expected to boost the growth of the market over the forecast period.

Low reaction speed compared to other sensors

The reaction speed and precision in comparison with optical sensors is lower. These are some of the aspects which is restraining the development and implementation of ultrasonic displacement sensors across various sectors. However, ultrasonic displacement sensors are risk-free substitute to radiography solutions and economical alternative to piezoelectric sensors in the healthcare sector.

North America to dominate

North American region is the market leader in the ultrasonic displacement sensors market due to various reasons. The market penetration is quite high in this region due to presence of several healthcare giants is a very crucial growth factor. The health expenditure per capita in the U.S. is higher compared to other countries. The rising demand for better surgical procedures by health-conscious citizens is driving the market for ultrasonic displacement sensors in this region.

Key Benefits for Stakeholders

  • This study presents the analytical depiction of the global Ultrasonic Displacement Sensor market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2019 to 2025 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.

Key Market Segments

By Sensor Type

  • Contact
  • Non-contact

By Component

  • Transducer 
  • Amplifier
  • Electronic Components 
  • Others

By Transducer Type

  • Piezoelectric
  • Electrostatic
  • Magnetostrictive
  • Electromagnetic
  • Others

By End-user

  • Industrial
  • Healthcare 
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Market evolution
3.3. Porter’s five forces analysis
3.4. Value Chain/Supply Chain Analysis
3.5. Market dynamics

3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.5.4 Challenges

3.6  PEST Analysis
3.7. Emerging trends: Ultrasonic displacement sensors market

CHAPTER 4: ULTRASONIC DISPLACEMENT SENSOR MARKET, BY SENSOR TYPE

4.1. Overview
4.2. Contact

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Non-contact

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

CHAPTER 5: ULTRASONIC DISPLACEMENT SENSOR MARKET, BY COMPONENT

5.1. Overview
5.2. Transducer

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Amplifier

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Electronic Components

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

5.5. Others

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country

CHAPTER 6: ULTRASONIC DISPLACEMENT SENSOR MARKET, BY TRANSDUCER TYPE

6.1. Overview
6.2. Piezoelectric

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. Electrostatic

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

6.4. Magnetostrictive

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country

6.5. Electromagnetic

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country

6.6. Others

6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis, by country

CHAPTER 7: ULTRASONIC DISPLACEMENT SENSOR MARKET, BY END USER

7.1. Overview
7.2. Industrial

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis, by country

7.3. Healthcare

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis, by country

7.4. Others

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis, by country

CHAPTER 8: ULTRASONIC DISPLACEMENT SENSOR MARKET, BY REGION

8.1. Overview
8.2. North America

8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by sensor type
8.2.3. Market size and forecast, by components
8.2.4. Market size and forecast, by transducer type
8.2.5. Market size and forecast, by end user
8.2.6. Market analysis by country

8.2.7.1. U.S.

8.2.7.1.1. Market size and forecast, by component
8.2.7.1.2. Market size and forecast, by sensor type
8.2.7.1.3. Market size and forecast, by transducer type
8.2.7.1.4. Market size and forecast, by end user

8.2.7.2.  Canada

8.2.7.2.1. Market size and forecast, by component
8.2.7.2.2. Market size and forecast, by sensor type
8.2.7.2.3. Market size and forecast, by transducer type
8.2.7.2.4. Market size and forecast, by end user

8.3. Europe

8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by component
8.3.3. Market size and forecast, by sensor type
8.3.4. Market size and forecast, by transducer type
8.3.5. Market size and forecast, by end user
8.3.7. Market analysis by country

8.3.7.1. Germany

8.3.7.1.1. Market size and forecast, by component
8.3.7.1.2. Market size and forecast, by sensor type
8.3.7.1.3. Market size and forecast, by transducer type
8.3.7.1.4. Market size and forecast, by end user

8.3.7.2. France

8.3.7.2.1. Market size and forecast, by component
8.3.7.2.2. Market size and forecast, by sensor type
8.3.7.2.3. Market size and forecast, by transducer type
8.3.7.2.4. Market size and forecast, by end user

8.3.7.3. UK

8.3.7.3.1. Market size and forecast, by component
8.3.7.3.2. Market size and forecast, by sensor type
8.3.7.3.3. Market size and forecast, by transducer type
8.3.7.3.4. Market size and forecast, by end user

8.3.7.4. Italy

8.3.7.4.1. Market size and forecast, by component
8.3.7.4.2. Market size and forecast, by sensor type
8.3.7.4.3. Market size and forecast, by transducer type
8.3.7.4.4. Market size and forecast, by end user

8.3.7.5. Spain

8.3.7.5.1. Market size and forecast, by component
8.3.7.5.2. Market size and forecast, by sensor type
8.3.7.5.3. Market size and forecast, by transducer type
8.3.7.5.4. Market size and forecast, by end user

8.3.7.6. Rest of Europe

8.3.7.6.1. Market size and forecast, by component
8.3.7.6.2. Market size and forecast, by sensor type
8.3.7.6.3. Market size and forecast, by transducer type
8.3.7.6.4. Market size and forecast, by end user

8.4. Asia-Pacific

8.4.1. Key market trends, growth factors and opportunities
8.4.2. Market size and forecast, by component
8.4.3. Market size and forecast, by sensor type
8.4.4. Market size and forecast, by transducer type
8.4.5. Market size and forecast, by end user
8.4.7. Market analysis by country

8.4.7.1. Japan

8.4.7.1.1. Market size and forecast, by component
8.4.7.1.2. Market size and forecast, by sensor type
8.4.7.1.3. Market size and forecast, by transducer type
8.4.7.1.4. Market size and forecast, by end user

8.4.7.2. China

8.4.7.2.1. Market size and forecast, by component
8.4.7.2.2. Market size and forecast, by sensor type
8.4.7.2.3. Market size and forecast, by transducer type
8.4.7.2.4. Market size and forecast, by end user

8.4.7.3. Australia

8.4.7.3.1. Market size and forecast, by component
8.4.7.3.2. Market size and forecast, by sensor type
8.4.7.3.3. Market size and forecast, by transducer type
8.4.7.3.4. Market size and forecast, by end user

8.4.7.4. India

8.4.7.4.1. Market size and forecast, by component
8.4.7.4.2. Market size and forecast, by sensor type
8.4.7.4.3. Market size and forecast, by transducer type
8.4.7.4.4. Market size and forecast, by end user

8.4.7.5. South Korea

8.4.7.5.1. Market size and forecast, by component
8.4.7.5.2. Market size and forecast, by sensor type
8.4.7.5.3. Market size and forecast, by transducer type
8.4.7.5.4. Market size and forecast, by end user

8.4.7.6. Rest of Asia-Pacific

8.4.7.6.1. Market size and forecast, by component
8.4.7.6.2. Market size and forecast, by sensor type
8.4.7.6.3. Market size and forecast, by transducer type
8.4.7.6.4. Market size and forecast, by end user

8.5. LAMEA

8.5.1. Key market trends, growth factors and opportunities
8.5.2. Market size and forecast, by component
8.5.3. Market size and forecast, by sensor type
8.5.4. Market size and forecast, by transducer type
8.5.5. Market size and forecast, by end user

8.5.7.1. Latin America

8.5.7.1.1. Market size and forecast, by component
8.5.7.1.2. Market size and forecast, by sensor type
8.5.7.1.3. Market size and forecast, by transducer type
8.5.7.1.4. Market size and forecast, by end user

8.5.7.2. Middle East

8.5.7.2.1. Market size and forecast, by component
8.5.7.2.2. Market size and forecast, by sensor type
8.5.7.2.3. Market size and forecast, by transducer type
8.5.7.2.4. Market size and forecast, by end user

8.5.7.3. Africa

8.5.7.3.1. Market size and forecast, by component
8.5.7.3.2. Market size and forecast, by sensor type
8.5.7.3.3. Market size and forecast, by transducer type
8.5.7.3.4. Market size and forecast, by end user

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Market Share Analysis, 2018
9.2. Competitive Dashboard
9.3. KEY DEVELOPMENTS

9.3.1. New product launches
9.3.2. Partnership
9.3.3. Collaboration
9.3.4. Acquisition
9.3.5. Agreement
9.3.6. Product development
9.3.7. Business Expansion

9.4. Top Winning Strategies

CHAPTER 10: COMPANY PROFILE

10.1. ABB

10.1.1. Company overview
10.1.2. Financials
10.1.3. Product portfolio
10.1.4. Key strategic moves and developments

10.2. Siemens AG 
10.3.  Pepperl+Fuchs
10.4   Honeywell International Inc.
10.5   Baumer Ltd
10.6  Rockwell Automation
10.7 Murata Manufacturing Co. Ltd
10.8  Omron Corporation
10.9 Sick AG
10.10 Banner Engineering

As per industry experts, the ultrasonic displacement sensor market is expected to grow at a stable rate over the forecast period. The ultrasonic displacement sensors emit ultrasonic waves from the sensor head and receives the waves reflected off the target object. Ultrasonic displacement sensors delivers real-time visual analysis for capitalizing over the increasing instances of intricate medical situations such as cranial nerve disease, cardiovascular disease, and orthopedic which requires non-invasive detection and measurement before diagnosis. One of the foremost medical ultrasonography is the obstetric ultrasound, picturing of fetuses of pregnant women.

Factors such as Increasing demand from the industrial sector is driving the growth of ultrasonic displacement sensors market. In addition, the growing need for ultrasonic displacement sensors in the healthcare segment is anticipated boost the growth of the market over the forecast period. However, dominance of other form of sensors in the market and operational issues are expected to hinder the growth of the Ultrasonic displacement sensors.

Among the analyzed regions, currently, North America is the highest revenue contributor, and is expected to maintain the lead during the forecast period, followed by Europe, North America, and LAMEA.
 

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