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European Ultrasonic Sensors Market revenue to reach $800 Mn by 2027
Published Date: 2022-01-13
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European Ultrasonic Sensors Market size is projected to cross USD 800 million by 2027, according to a latest forecast report by Graphical Research.
The integration of IoT technology into consumer electronics to remotely control home functions, maximize home security, and increase energy efficiency will propel the demand for ultrasonic sensors in smart home electronics. Also, the rising trend toward home automation systems, including lighting solutions, camera & security systems, automatic doors, will boost the market opportunities.
The increasing adoption of automated machinery and industrial robots is drive the market growth. Ultrasonic sensors offer low cost and high flexibility, increasing their demand in short-range applications such as industrial robots. These ultrasonic sensors are also integrated with video cameras and mm Wave radar to enhance the surrounding view capability in the manufacturing sector. Ultrasonic sensor detects the presence of obstacles, increasing their deployment in industrial robots to avoid collision and improve the material handling job without causing accidents.
Browse detailed statistical insights from the report, “Europe Ultrasonic Sensor Market Forecast 2027 By Industry Verticals (Automotive, Consumer Electronics, Industrial, Healthcare, Aerospace & Defense), By Type (Retro-reflective Sensor, Through-beam Sensor), By Application (Level Measurement, Obstacle Detection, Distance Measurement), 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) @
The impact of COVID-19 has resulted in the shutdown of various manufacturing plants and sites. The major auto manufacturers in the region, such as Volkswagen, Bugatti, and Audi, have announced the shutdown of their plants due to uncertainties in raw material supplies and a significant decrease in sales. This adversely affected the economic conditions of the region along with the declining production of vehicles. Ultrasonic sensors are used in several vehicular systems such as park assist, self-parking, blind-spot detection, and ADAS. The declining sales in the European automotive industry impacted the demand for ultrasonic sensors in the region for the first two quarters of 2021.
The level measurement segment will wetness over 10% CAGR during the forecast period. The ultrasonic sensors are widely used for level measurement applications in various manufacturing and production facilities. These sensors provide continuous, maintenance-free, and contactless level measurement of fluids, sludges, pastes, powders, and oils to course the bulk materials. The ultrasonic level sensors also help to identify the precise level of raw materials to improve and maintain the production quality.
The European 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:
Europe Market, By Type
- Retro-reflective Sensor
- Through-beam Sensor
Europe Market, By Application
- Level Measurement
- Obstacle Detection
- Distance Measurement
Europe Market, By Industry Verticals
- Consumer Electronics
- Aerospace & Defense
The above information has been provided for the following countries: