Global Ultrasonic Sensor Market to grow at a CAGR of 14.33% during Forecast 2016-2020

Albany, NY, Feb 02, 2017: 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.

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 market is divided into the following segments based on geography:
- Americas
- APAC
- Europe

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

Key vendors
- Baumer
- Honeywell International
- Pepperl+Fuchs
- Rockwell Automation
- Siemens

Other prominent vendors
- Acuson
- APC International
- Balluff
- Blatek
- Banner Engineering
- BeStar Electronics Industry
- Esaote
- GE
- KEYENCE
- Maxbotix
- Microsonic
- Migatron
- Murata Manufacturing
- Omron
- Philips
- Precision Acoustics
- Vermon

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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?

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