Ultrasonic Sensor Market Driven by Smart Factories' Sensor Technology Demand to See 14.33% CAGR to 2020

08 May, 2016, 22:00 ET from Sandler Research

PUNE, India, May 9, 2016 /PRNewswire/ --

According to the 2016 ultrasonic sensor market report, a key driver for market growth is the adoption of sensor technology in smart factories - with digitization across industries, 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.

Complete report on ultrasonic sensor market spread across 59 pages, analyzing 5 major companies and providing 27 data exhibits is now available at http://www.sandlerresearch.org/global-ultrasonic-sensor-market-2016-2020.html.

The analysts forecast global ultrasonic sensor market to grow at a CAGR of 14.33% during the period 2016-2020. An analyst said 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.

Global Ultrasonic Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The ultrasonic sensor market report also includes a discussion of the key vendors operating in this market. This 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.

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.

Key players in the global ultrasonic sensor market: Baumer, Honeywell International, Pepperl+Fuchs, Rockwell Automation, and Siemens. Other prominent vendors in the market are: Acuson, APC International, Balluff, Blatek, Banner Engineering, BeStar Electronics Industry, Esaote, GE, KEYENCE, Maxbotix, Microsonic, Migatron, Murata Manufacturing, Omron, Philips, Precision Acoustics, and Vermon. Order a copy of Global Ultrasonic Sensor Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=53988.

Further, the ultrasonic sensor market report states that limited product variation among manufacturers can affect overall growth of the market.

Another related report is Global Sensor Module for Automotive Market 2016-2020, which forecasts global sensor module market in the automotive sector to grow at a CAGR of 6.08% during the period 2016-2020. To calculate the market size, it considers revenue generated from the sales of sensor modules to original equipment manufacturers (OEMs) and automotive manufacturers. Key players in the global sensor module market in the automotive sector: Continental AG, Delphi Automotive plc, DENSO Corp., Infineon Technologies AG, and NXP Semiconductors. Other prominent vendors in the market are: First Sensor, Heraeus Sensor Technology, National Instruments, and SHINYEI Technology. Browse complete report @ http://www.sandlerresearch.org/global-sensor-module-for-automotive-market-2016-2020.html .

Explore other new reports on Semiconductor & Electronics Market @ http://www.sandlerresearch.org/market-research/semiconductor-electronics.

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