The ultrasonic sensor is an electronic device which detects moving or stationary objects by using ultrasonic waves. The distance is measured using the sensor transmitter to emit an ultrasound wave and to identify the target.
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Market size of the ultrasonic sensor
The global market size of ultrasonic sensor reached US$ 4 billion in 2018 and is expected to be around US$ 8 billion by 2025.
Market trends and developments in the ultrasonic sensor market
The higher precision of an ultrasonic sensor compared to an electromagnetic sensor increased the demand for an ultrasonic sensor. The high precision is achieved due to the high frequency and short wavelength ultrasonic processing, which results in high-resolution images and precise distance measurement.
In addition, the wide applications of the ultrasonic sensors make the decision process more efficient by providing greater measuring range, higher frequency, high sensitiveness and higher penetrations.
The growing adoption of these sensors in the manufacturing industries is one of the factors driving the market growth. The need for object sensing and its distances in several industries has increased the growth of ultrasonic sensors globally.
Ultrasonic sensors are widely used across many industries such as healthcare, petroleum, automotive, food and beverage, manufacturing, military and defence. Apart from this, the growing adoption of smart factories has also created a high demand in the market for ultrasonic sensors.
However, in comparison with optical sensors, the lower response speed and accuracy restrict the growth and adoption of the ultrasonic sensor. Additionally, errors due to material density, accuracy and material forms can be found in the readings. This serves as restrictions on the global market for ultrasonic sensors.