How big is the Ultrasonic Sensors Market?

The Ultrasonic Sensors Market size is expected to reach USD 6.54 billion in 2024 and grow at a CAGR of 9.08% to reach USD 10.11 billion by 2029. Read More

What is the current Ultrasonic Sensors Market size?

In 2024, the Ultrasonic Sensors Market size is expected to reach USD 6.54 billion. Read More

Who are the key players in Ultrasonic Sensors Market?

Keyence Corporation, Pepperl+Fuchs AG, Honeywell International Inc., Baumer Ltd and Rockwell Automation are the major companies operating in the Ultrasonic Sensors Market. Read More

Which is the fastest growing region in Ultrasonic Sensors Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Ultrasonic Sensors Market?

In 2024, the North America accounts for the largest market share in Ultrasonic Sensors Market. Read More

What years does this Ultrasonic Sensors Market cover, and what was the market size in 2023?

In 2023, the Ultrasonic Sensors Market size was estimated at USD 5.95 billion. The report covers the Ultrasonic Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ultrasonic Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Ultrasonic Sensors Market Share

Statistics for the 2023 & 2024 Ultrasonic Sensors market share, created by Mordor Intelligence™ Industry Reports. Ultrasonic Sensors share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Ultrasonic Sensors Industry

The ultrasonic sensors market is highly competitive and fragmented. The players in the market are engaging in research to achieve a competitive edge by offering innovative products. Some of the key players in the market are Siemens AG, Pepperl+Fuchs, Honeywell International Inc., Baumer Ltd., Rockwell Automation, and Murata Manufacturing Co. Ltd.

In February 2023, PiL Sensoren GmbH customized a novel model variant of the proven sensor series P47. The high-precision ultrasonic sensors are predestined for basic applications like distance and level measurements in the measuring range of up to 5,000mm. They also provide reliable detection of even small objects due to their sound intensity.
In February 2022, Migatron Corp., a prominent USA ultrasonic sensor manufacturer, launched two new sensor models aimed at displacement measurement and proximity detection tasks for production line applications like high-speed counting, liquid level, and many other areas of process control.