According to a recent study from market research firm Graphical Research, the North America ultrasonic sensor market size is projected to reach a valuation US$ 1 billion by 2027.
North America ultrasonic sensor market share is expected to grow at a commendable rate due to the rising demand for home automation technologies and IoT devices. Since ultrasonic sensors are capable of improving the convenience and performance of equipment while consuming lesser energy, they are being highly used in different types of monitoring and smart home devices.
The trends augmenting the regional market size during the forecast period of 2021-2027 are discussed below:
High use of ultrasonic sensors in medical devices:
Ultrasonic sensors are being widely used in a variety of medical devices, such as blood glucose meters and ultrasound machines. These sensors are also finding robust applications in medical imaging devices, including ultrasonography and radiography equipment to get real-time and high-quality images of bones, tendons, ligaments, and other internal organs.
In March 2021, Health Canada authorized the use of the Ultrasonic Surgical System, a new device developed by Misonix. This device contains an ultrasonic sensor that can improve the efficiency and accuracy needed during neurosurgery, spine surgery, wound care treatments, and laparoscopic surgeries, thereby boosting the demand for ultrasonic sensors.
Ultrasonic sensors find robust applications in level measurement:
North America ultrasonic sensor market size from the level measurement applications is estimated to showcase 13% CAGR through 2027. One of the major reasons behind this is the growing oil & gas sector in the region.
Ultrasonic sensors play a vital role in supervising the level of oil and gas kept in the storage units of refineries and processing plants. Moreover, the public and private sector organizations are increasing their investments in the oil & gas sector to promote its growth, which will further bolster the use of ultrasonic sensors.
Demand for retro-reflective sensors rises:
North America ultrasonic sensor market size from retro-reflective ultrasonic sensors will record 12.5% CAGR over 2021-2027. There are many advantages of using retro-reflective ultrasonic sensors, which include ease of deployment, user-friendly optical axis, reduced installation costs, and low maintenance, among others. These sensors play a major role in advanced technologies like parking assistance systems, which will fuel their use.
U.S. ultrasonic sensors market share increases significantly:
The U.S. ultrasonic sensors market size may observe 13.5% CAGR through 2027 as the use of Unmanned Aerial Vehicles (UAVs) and surveillance drones is growing in the country. According to a press release published by the Federal Aviation Administration (FAA) in April 2021, around 1.1 million UAVs and drones were operational in the U.S.
The UAVs are equipped with ultrasonic sensors that can be extensively used for applications, such as surveillance, distance measurement, mapping, inspection, and delivery. In addition, the country is seeing a strong surge in the number of e-commerce platforms, thereby propelling the adoption of ultrasonic sensors.
North America ultrasonic sensor market outlook will be positively impacted by the growing need for innovative technologies among residential and commercial end-users. Well-known organizations, such as Pepperl+Fuchs AG, Balluff, Inc., Honeywell International, Inc., Baumer Group, and Murata Manufacturing Co. Ltd., among many others, are engaged in the production of through beam and retro-reflective ultrasonic sensors for aerospace & defense, healthcare, automotive, consumer electronics, and industrial sectors. The sensors will witness a wide range of applications in obstacle detection and level & distance measurements.
Source: https://www.graphicalresearch.com/industry-insights/2042/north-america-ultrasonic-sensor-market
