Global Ultrasonic Motion Sensor Market, By Embedded Sensor (Mems Accelerometer, Mems Gyroscope, Mems Magnetometer, Sensor Combos), Function (Fully−Automatic, Semi−Automatic), Application (Consumer Electronics, Automotive Application, Industrial Application, Healthcare, Commercial, Residential, Aerospace and Defence) – Industry Trends and Forecast to 2029.
Ultrasonic Motion Sensor Market Analysis and Size
The growth of the ultrasonic motion sensor market is due to the increasing implementation of this sensor in medical point of care devices such as blood glucose meters and ultrasound machines. These ultrasonic motion sensors are highly incorporated in the medical imaging devices such as ultrasonography and radiography equipment. This equipment delivers images of internal body structures such as ligaments, tendons, bones, and many other internal organs in real-time. Moreover, numerous regional manufacturers are concentrating on incorporating ultrasonic motion sensor in their medical devices to address the increasing the market demand.
Data Bridge Market Research analyses that the ultrasonic motion sensor market was valued at USD 2,219.3 million in 2021 and is expected to reach USD 3,618.11 million by 2029, registering a CAGR of 6.30 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Ultrasonic Motion Sensor Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Embedded Sensor (Mems Accelerometer, Mems Gyroscope, Mems Magnetometer, Sensor Combos), Function (Fully−Automatic, Semi−Automatic), Application (Consumer Electronics, Automotive Application, Industrial Application, Healthcare, Commercial, Residential, Aerospace & Defence)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Microchip Technology, Inc. (U.S.), InvenSense (U.S.), Kionix, Inc (U.S.), Honeywell International, Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Analog Devices, Inc. (U.S.), Bosch Sensortec GmbH (Germany), Freescale Semiconductor (U.S.), STMicroelectronics (Switzerland), NXP Semiconductors (Japan), MEMSIC Semiconductor Co., Ltd. (U.S.), Kionix Inc, (U.S.), T.E. Connectivity (Switzerland), IFM Electronic gmbh (Germany), Sensata Technologies Inc, (U.S.), Safran Colibrys SA (Switzerland), Seiko Epson corporation (Japan), KVH Industries Inc, (U.S.), InnaLabs (Ireland), Qualtre (U.S.)
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Market Opportunities
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Market Definition
Ultrasonic motion sensor are electrical devices in which mainly used ultra-sound to detect the motion of the waves. In such a sensor a transmitter produces a sound of a frequency which is generally too high for the human ear to hear.
Ultrasonic Motion Sensor Market Dynamics
Drivers
- Rising demand for industrial application
Ultrasonic motion sensors play a vital role in machine automation and provide ample opportunities in the ultrasonic motion sensor market. Sensors provide updates about condition of machinery and equipment, provide information about the products during manufacturing, and help guide maintenance to decrease the downtime. These are the major factors that increase the demand for the ultrasonic motion sensor and are expected to increase the market's growth rate.
- Usage in robotics
Ultrasonic motion sensors are widely used in robotics to avoid the hurdle in their way, so that they can move toward their target area. Furthermore, ultrasonic motion sensors detect the large obstacle and get information between the obstacle and robot. Ultrasonic motion sensors also help robots track an object, object detect, and detect the position of object. The adoption of the robots is growing in several sectors including manufacturing, healthcare, logistics, and others which are expected to drive the growth rate of the market
Opportunities
- Increased penetration of automation technologies
Technological advancement is the major reason due to which increasing adoption of ultrasonic motion sensor because it easily detect the objects of any composition or color for distance measurement. This advance property promotes its recognition in process control operations in industrial sectors. It needs less maintenance, which upsurges their usage in material handling robots and automation equipment for distance measurement applications, which will create beneficial opportunities for market growth.
Moreover, growing number of applications from consumer electronic sector will also increase several opportunities that will lead to the growth of the ultrasonic motion sensor market in upcoming years.
Restraints/ Challenges
- Presence of low cost alternatives
The easy availability the substitute of ultrasonic motion sensor along with low cost and with limitations regarding the usage of accelerometer are acting as market restraints and obstruct the growth of the
Also, the negative impact of outbreak of COVID-19 on supply chain will also act as market restraint and further challenge the growth rate of the ultrasonic motion sensor market.
This ultrasonic motion sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ultrasonic motion sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Ultrasonic Motion Sensor Market
The manufacturing of ultrasonic motion sensors are increasing their local production capabilities of components and other products during the COVID-19 pandemic to decrease the dependence on other countries for the raw materials. The increasing acceptance of precision farming in evolving economies is creating long-term revenue opportunities for ultrasonic motion sensor manufacturers. The engineering and construction (AEC), ever-expanding architecture, industry is creating stable revenue streams for ultrasonic motion sensor manufacturers. Companies are using eventuality planning before unlocking incremental opportunities in new end-user industries and regions.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Ultrasonic Motion Sensor Market Scope
The ultrasonic motion sensor market is segmented on the basis of embedded sensor, function and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Embedded Sensor
- Mems Accelerometer
- Mems Gyroscope
- Mems Magnetometer
- Sensor Combos
Function
- Fully−Automatic
- Semi−Automatic
Application
- Consumer Electronics
- Automotive Application
- Industrial Application
- Healthcare
- Commercial
- Residential
- Aerospace & Defence
Ultrasonic Motion Sensor Market Regional Analysis/Insights
The ultrasonic motion sensor market is analysed and market size insights and trends are provided by country, embedded sensor, function and application as referenced above.
The countries covered in the ultrasonic motion sensor market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Europe dominates the ultrasonic motion sensor market in terms of revenue and market share during the forecast period. This is due to the growing applications in automotive industry along with the provision of funds from financers for the expansion of green infrastructure in this region.
During the projected period, Asia-Pacific is expected to be the fastest developing region due to adoption of wireless active sensors and internet of things in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ultrasonic Motion Sensor Market Share Analysis
The ultrasonic motion sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ultrasonic motion sensor market.
Some of the major players operating in the ultrasonic motion sensor market are:
- Microchip Technology, Inc. (U.S.)
- InvenSense (U.S.)
- Kionix, Inc (U.S.)
- Honeywell International, Inc. (U.S.)
- Murata Manufacturing Co., Ltd. (Japan)
- Analog Devices, Inc. (U.S.)
- Bosch Sensortec GmbH (Germany)
- Freescale Semiconductor (U.S.)
- STMicroelectronics (Switzerland)
- NXP Semiconductors (Japan)
- MEMSIC Semiconductor Co., Ltd. (U.S.)
- Kionix Inc, (U.S.)
- T.E. Connectivity (Switzerland)
- IFM Electronic gmbh (Germany)
- Sensata Technologies Inc, (U.S.)
- Safran Colibrys SA (Switzerland)
- Seiko Epson corporation (Japan)
- KVH Industries Inc, (U.S.)
- InnaLabs (Ireland)
- Qualtre (U.S.)
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