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APAC Ultrasonic Sensors Market revenue to hit $2.5 Bn by 2027
Published Date: 2022-01-13
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APAC Ultrasonic Sensors Market size is expected to surpass USD 2.5 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is due to its rising adoption in smart consumer devices such as smartphones, laptops, tablets, and others. These devices are retrofitted with ultrasonic sensors in order to take advantage of biometric sensing technology for security applications. Several electronic companies, such as Samsung and Xiaomi, are integrating these sensors to support fingerprint detection, facial recognition, and biometrics. For instance, in January 2021, Qualcomm announced the launch of a 3D ultrasonic fingerprint sensor used as in-display sensor. It offers a large sensing area and faster processing capability to unlock smartphones. Samsung is also integrating these sensors into its Galaxy Note 21 series.
The obstacle detection segment will observe around 9.5% CAGR through 2027, credited to the rising adoption of automated safety systems in autonomous vehicles such as parking assistance, obstacle detection, and collision avoidance. The ultrasonic sensor detects surrounding obstructions and helps to avoid collisions with them. Major automakers, such as Tesla, Audi, among others, are focusing on integrating technically advanced ultrasonic sensors to meet the growing safety demand from the automotive industry. For instance, in May 2021, Tesla announced that the newly released Model 3 and Y will include 12 ultrasonic sensors. This will allow the car's autopilot system to navigate the lanes and detect obstacles as well as nearby vehicles.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
South Korea ultrasonic sensors market is set to expand at over 10.5% growth rate during the forecast period, attributed to the rising government initiatives to promote AI-based robots for surveillance systems. For instance, in June 2021, the South Korean government announced an investment of USD 2.5 million through Defense Acquisition Program Administration (DAPA) to employ moving robots as a part of AI surveillance systems in defense areas. The robot system will search for movement on rail tracks near the North Korean border. Using high-resolution cameras and ultrasonic sensors, the machines will be able to detect and track moving objects. Such initiatives will add lucrative advantages for the deployment of ultrasonic sensors in the military & defense sector.
The APAC ultrasonic sensors market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Type
- Retro-reflective sensor
- Through-beam sensor
Asia Pacific Market, By Application
- Level measurement
- Obstacle detection
- Distance measurement
Asia Pacific Market, By Industry Vertical
- Consumer electronics
- Aerospace & defense
The above information has been provided for the following countries:
- Asia Pacific
- South Korea