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Asia Pacific Ultrasonic Sensor Market Forecast 2027 By Type (Retro-reflective Sensor, Through-beam Sensor), By Application (Level Measurement, Obstacle Detection, Distance Measurement), By Industry Verticals (Automotive, Consumer Electronics, Industrial, Healthcare, Aerospace & Defense), Research Report, Country Outlook, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: January 2022 | Publisher: Graphical Research Report ID: GR2043 | Delivery : PDF  Request Free Sample

Asia Pacific Ultrasonic Sensor Market size crossed USD 1 billion in 2020 and is poised to expand at a CAGR of 11% from 2021 to 2027.

The market growth is credited to the rising adoption of ultrasonic sensors in industrial automation and robotics application. According to a press release issued by the International Federation of Robotics in October 2021, Asia accounted for 71% of the total industrial robots installed globally in FY2020. China's adoption of industrial robots has increased by 20% over the previous years. These industrial robots are heavily equipped with ultrasonic sensors supporting material handling, object detection, sorting, and pick & place application.

Asia Pacific Market, By Type

The through beam segment will record over 14% growth rate during the forecast period. The growth is driven by the numerous high-end features offered such as shorter response time, large transmission range, and accurate proximity sensing. It is used with both a receiver and transmitter to increase accuracy & precision by reducing error margin.

Several market players are extensively focusing on expanding their product portfolio to cater to the high market demand. For instance, in February 2021, CUI Group announced the addition of an ultrasonic sensor series to its product portfolio. The product line consists of through beam sensors with beam angles ranging from 75 to 80 degrees and distance ranging from 0.2 to 18 meters.

Asia Pacific Market, By Country

India ultrasonic sensor market will grow at 12% CAGR through 2027, attributed to the rising government initiatives and investment efforts to improve consumer electronics production and sales in the region. For instance, in September 2020, the Indian government launched the Production Linked Incentive (PLI) scheme. Under this scheme, the government will provide USD 23 billion to promote the establishment of manufacturing facilities for consumer durables and electronic devices in the country.

Competitive Industry Landscape

Companies involved in the market are Keyence, Honeywell International, Inc., Omron Corporation, Toposens Pepperl+Fuchs AG, Rockwell Automation, Inc., and several other players.

To maintain a competitive advantage, companies are boosting their investments in new acquisition & merger strategies. For instance, in November 2021, Toposens partnered with Infineon Technologies to develop 3D collision avoidance and obstacle systems for autonomous vehicles. The company will supply 3D ultrasonic sensors to allow the development of cost effective, robust, and accurate 3D vision for autonomous vehicles and robotics, whereas Infineon will offer MEMS technology-based microphones to detect sound waves to identify the position of 3D objects through ultrasounds.

Frequently Asked Question(FAQ) :

The market size for ultrasonic sensor in Asia Pacific was surpassed USD 1 billion in 2020 and is set to expand at a CAGR of 11% between 2021 and 2027 driven by the escalating product adoption in the field of industrial automation and robotics.
The market revenue from through beam sensors will register a growth rate of 14% through 2027 owing to various high-end features including large transmission range, shorter response time, and accurate proximity sensing.
The market size for ultrasonic sensor in India is estimated to expand at a CAGR of 12% by 2027 impelled by the increasing government initiatives and investment efforts for the improvement of consumer electronics production.
Leading players across the industry comprise Rockwell Automation, Inc., Keyence, Omron Corporation, Toposens Pepperl+Fuchs AG, Honeywell International, Inc., and others.

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