Lucintel Forecasts Ultrasonic Sensor Market to Reach $3.9 Billion by 2028

Lucintel’s latest market report analyzed that ultrasonic sensor provides attractive opportunities in the consumer electronics, automotive, aerospace & defense, healthcare, and industrial industries. The ultrasonic sensor market is expected to reach $3.9 billion by 2028 with a CAGR of 8.5%. In this market, proximity detection is the largest segment by product type, whereas automotive is largest by end use industry.

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Based on product type, the ultrasonic sensor market is segmented into proximity detection and ranging measurement. The proximity detection segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the extensive usage of these sensors in the food and beverage industry and it also helps in counting hidden things and monitoring tank levels.

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The Ultrasonic Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering ultrasonic sensor include Keyence, Pepperl+Fuchs AG, Honeywell, Baumer, and Rockwell Automation.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056

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