DUBLIN, May 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Ultrasonic Sensor Market 2016-2020" report to their offering.
The global ultrasonic sensor market to grow at a CAGR of 14.33% during the period 2016-2020
The report covers the present scenario and the growth prospects of the global ultrasonic sensor market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of ultrasonic sensors to end-users. The report also includes a discussion of the key vendors operating in this market.
Ultrasonic sensors are transceivers that send and receive ultrasonic waves. They interpret the time taken by an echo to reflect back from an object using the speed of sound as the parameter. These sensors are quite immune to environmental influence, have the ability to detect almost any material, and are not affected by problematic surfaces. They can also meet diverse application requirements such as material handling, fill-level measurement, processing and hygiene detection in food and beverage processing, guiding mobile equipment in industrial scenarios, detection of doorways, medical devices, and gates and assisted parking in automobiles.
A key, noteworthy trend is the use of ultrasonic sensors in car braking systems. The ultrasonic automatic braking system is designed to avoid forward collision by disengaging the accelerator pedal. The ultrasonic sensor, which is placed on the front portion of a car, emits ultrasonic waves to determine the distance between the car and an obstacle after the receiver reads reflected waves. The servo motor, which automatically controls the car's braking system, is controlled by a peripheral interface controller on the basis of a detected pulse. This results in automatic disengagement of the accelerator pedal, reducing the chances of collision, as the vehicle will not accelerate even if the accelerator is pressed. Growing demand for road safety features in vehicles will lead to high demand for ultrasonic sensors during the forecast period.
According to the report, a key driver for market growth is the adoption of sensor technology in smart factories. With digitization in the industry, the demand for smart factories, along with technologies such as ultrasonic sensors and wireless networks, is rising. Smart factories reduce human involvement, product defects, machine downtime, and operational costs; enhance information sharing and operational control; and avoid major factory accidents. Industrial manufacturers tend to automate end-to-end processes using sensors, robots, wireless systems, enterprise software, and automation solutions. This helps them identify best industry practices, share information, retrieve data, and maintain documents.
Further, the report states that limited product variation among manufacturers can affect overall growth of the market.
- Honeywell International
- Rockwell Automation
Other prominent vendors
- APC International
- Banner Engineering
- BeStar Electronics Industry
- Murata Manufacturing
- Precision Acoustics
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/ptvjq8/global_ultrasonic
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SOURCE Research and Markets