Europe Ultrasonic Sensor Market to 2027 - Regional Analysis and Forecasts by Type (Proximity Sensors, Retro- Reflective Sensors, Through Beam Sensors, Others); Application (Liquid Level Detection, Production Line, Distance Measurement, Others); Industry Vertical (Automotive, Food & Beverages, Medical, Oil & Gas, Industrial, and Others)
Ultrasonic sensor market in Europe is expected to grow from US$ 1.44 Bn in 2018 to US$ 2.78 Bn by the year 2027. This represents a CAGR of 7.6% from the year 2019 to 2027.
The rapid expansion of the global manufacturing sector and rising adoption of automation in diverse range of industries are among the prime factors driving the ultrasonic sensor market growth. However, the availability of substitute sensor types for measuring distance hinders the ultrasonic sensor market growth. The automakers are observing substantial demand for smart devices in their vehicles. This has led them to continuously focus on innovating, designing, and developing autonomous cars that have already attracted a fair percentage of customers in major automotive manufacturing countries. Owing to the inclination toward smart and autonomous cars, sensors are expected to become an integral part of the innovations in the automotive industry in the coming years. This demand for advanced sensor technologies is mainly attributed to the need for optimizing vehicle safety and performance. The growth trajectory of fully autonomous cars is largely anticipated to depend upon several parameters, such as technological improvements, consumer preference for fully automated cars, fair pricing, and the ability of the suppliers and OEMs to address the critical concerns related to the safety of the vehicles. Attributing to these parameters, automotive and semiconductor industry players are continually focusing on improving technologies, negotiating prices of raw materials, and integrating the cars with robust technologies. This factor is expected to trigger the growth of the ultrasonic sensor providers in the coming years.
The ultrasonic sensors have a broad range of applications. The Europe ultrasonic sensor market based on applications is segmented into liquid level detection, production line, distance measurement, and others. The ample benefits provided by the ultrasonic sensor to manufacturing, process, and other industries make it's suitable for a spectrum of applications. The production line segment led the ultrasonic sensor market and is anticipated to continue its dominance during the forecast period. The ultrasonic sensor in manufacturing units assists in streamlining the manufacturing processes. These sensors are applied to the regular processes to have automated process control in the factories. By integrating sensors into factory floors, it would help the manufacturing companies to maximize efficiency via accurate measurement and control.
Currently, the Germany is dominating the ultrasonic sensor market in terms of installation, which in turn boosts the demand for the ultrasonic sensor market in the region. Germany is one of the significant manufacturing locations across the world. The major industries in Germany include chemicals, metals, pharmaceuticals, textiles, and plastic goods, among others. Germany is one of the leading producers of premium cars in the world, and several major car manufacturing companies are located in the country, including Volkswagen, BMW AG, Audi, and Skoda, among others. As per the data available on the International Organization of Motor Vehicle Manufacturers, Germany produced ~5.12 Mn cars in the year 2018. The demand for ultrasonic sensors in vehicles and automotive is high. Therefore, the presence of a strong automotive sector in the country is expected to drive the growth of the ultrasonic sensor market. The figure given below highlights the revenue share of Mexico in the Europe ultrasonic sensor market in the forecast period:
Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
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EUROPE Ultrasonic Sensor MARKET - SEGMENTATION
Europe Ultrasonic Sensor Market – By Technology
- Stereo Vision
- Time-of-Flight
- Structured Light
Europe Ultrasonic Sensor Market – By End-user Vertical
- Healthcare
- Aerospace
- Industrial
- Automotive
- Consumer Electronics
- Others
Europe Ultrasonic Sensor Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Ultrasonic Sensor Market -Companies Mentioned
- Balluff Inc.
- Baumer Group
- Honeywell International, Inc.,
- Keyence Corporation
- Migatron Corporation
- Murata Manufacturing Co. Ltd.
- Omron Corporation
- Pepperl+Fuchs AG
- Rockwell Automation, Inc.
- Siemens AG
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Ultrasonic Sensor Market – By Type
1.3.2 Europe Ultrasonic Sensor Market – By Application
1.3.3 Europe Ultrasonic Sensor Market – By Industry Vertical
1.3.4 Europe Ultrasonic Sensor Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Ultrasonic Sensor Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Ultrasonic Sensor Market – Key Market Dynamics
5.1 Key Drivers
5.1.1 Rising adoption of automation in diverse industries
5.2 Key Restraints
5.2.1 Adoption of substitute sensors with higher efficiency might hinder the growth of ultrasonic sensor market
5.3 Key Opportunities
5.3.1 Increasing popularity of autonomous vehicles
5.4 Future Trends
5.4.1 Applications of ultrasonic sensors in agriculture sector
5.5 Impact Analysis of Drivers and Restraints
6. Ultrasonic Sensor Market – Europe Market Analysis
6.1 Overview
6.2 Europe Ultrasonic Sensor Market Revenue and Forecasts To 2027 (US$ Mn)
7. Europe Ultrasonic Sensor Market Analysis – By Type
7.1 Overview
7.2 Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027
7.3 Proximity Sensors
7.3.1 Overview
7.3.2 Proximity Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Retro- Reflective Sensors
7.4.1 Overview
7.4.2 Retro-Reflective Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Through Beam Sensors
7.5.1 Overview
7.5.2 Through Beam Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Forecast and Analysis
8. Europe Ultrasonic Sensor Market Analysis – By Application
8.1 Overview
8.2 Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027
8.3 Liquid Level Detection
8.3.1 Overview
8.3.2 Liquid Level Detection Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Production Line
8.4.1 Overview
8.4.2 Production Line Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Distance Measurement
8.5.1 Overview
8.5.2 Distance Measurement Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Europe Ultrasonic Sensor Market Analysis – By Industry Vertical
9.1 Overview
9.2 Europe Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027
9.3 Food and Beverage
9.3.1 Overview
9.3.2 Food and Beverage Market Forecast and Analysis
9.4 Medical
9.4.1 Overview
9.4.2 Medical Market Forecast and Analysis
9.5 Automotive
9.5.1 Overview
9.5.2 Automotive Market Forecast and Analysis
9.6 Oil & Gas
9.6.1 Overview
9.6.2 Oil & Gas Market Forecast and Analysis
9.7 Industrial
9.7.1 Overview
9.7.2 Industrial Market Forecast and Analysis
9.8 Others
9.8.1 Overview
9.8.2 Others Market Forecast and Analysis
10. Europe Ultrasonic Sensor Market – Country Analysis
10.1.1 Europe Ultrasonic Sensor Market Breakdown, By Key Country
10.1.1.1 Germany Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.1.1 Germany Ultrasonic Sensor Market Breakdown, By Type
10.1.1.1.2 Germany Ultrasonic Sensor Market Breakdown, By Application
10.1.1.1.3 Germany Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.1.1.2 France Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.2.1 France Ultrasonic Sensor Market Breakdown, By Type
10.1.1.2.2 France Ultrasonic Sensor Market Breakdown, By Application
10.1.1.2.3 France Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.1.1.3 Italy Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.3.1 Italy Ultrasonic Sensor Market Breakdown, By Type
10.1.1.3.2 Italy Ultrasonic Sensor Market Breakdown, By Application
10.1.1.3.3 Italy Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.1.1.4 UK Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.4.1 UK Ultrasonic Sensor Market Breakdown, By Type
10.1.1.4.2 UK Ultrasonic Sensor Market Breakdown, By Application
10.1.1.4.3 UK Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.1.1.5 Russia Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.5.1 Russia Ultrasonic Sensor Market Breakdown, By Type
10.1.1.5.2 Russia Ultrasonic Sensor Market Breakdown, By Application
10.1.1.5.3 Russia Ultrasonic Sensor Market Breakdown, By Industry Vertical
10.1.1.6 Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.6.1 Rest of Europe Ultrasonic Sensor Market Breakdown, By Type
10.1.1.6.2 Rest of Europe Ultrasonic Sensor Market Breakdown, By Application
10.1.1.6.3 Rest of Europe Ultrasonic Sensor Market Breakdown, By Industry Vertical
11. Ultrasonic Sensor Market - Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Baumer Group
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Balluff GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Robert Bosch GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Honeywell International Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Keyence Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Murata Manufacturing Co., Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Product and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Omron Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Pepperl+Fuchs AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Rockwell Automation, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Siemens AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 3. Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 4. Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 5. Germany Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 6. Germany Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 7. Germany Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 8. France Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 9. France Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 10. France Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 11. Italy Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 12. Italy Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 13. Italy Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 14. UK Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 15. UK Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 16. UK Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 17. Russia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 18. Russia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 19. Russia Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 20. Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 21. Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 22. Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 – By Industry Vertical (US$ Mn)
Table 23. Glossary of Terms, Ultrasonic Sensor Market
LIST OF FIGURES
Figure 1. Europe Ultrasonic Sensor Market Segmentation
Figure 2. Europe Ultrasonic Sensor Market Segmentation – Country
Figure 3. Europe Ultrasonic Sensor Market Overview
Figure 4. Through beam sensors type held the largest share in Europe ultrasonic sensor market in 2018
Figure 5. Production line application segment held the largest share in Europe ultrasonic sensor market in 2018
Figure 6. Industrial segment represented the largest share in Europe ultrasonic sensor market in 2018
Figure 7. Europe Ultrasonic Sensor Market, Industry Landscape
Figure 8. Europe PEST Analysis
Figure 9. Ultrasonic Sensor Market- Ecosystem Analysis
Figure 10. Europe Ultrasonic Sensor Market Driver and Restraints – Impact Analysis
Figure 11. Europe Ultrasonic Sensor Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 12. Europe Ultrasonic Sensor Market Breakdown, By Type, 2018 & 2027 (%)
Figure 13. Europe Proximity Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Europe Retro-Reflective Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Europe Through Beam Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Europe Ultrasonic Sensor Market Breakdown, By Application, 2018 & 2027 (%)
Figure 18. Europe Liquid Level Detection Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Europe Production Line Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Europe Distance Measurement Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Europe Ultrasonic Sensor Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
Figure 23. Europe Food and Beverage Market Revenue And Forecasts To 2027(US$ Mn)
Figure 24. Europe Medical Market Revenue And Forecasts To 2027(US$ Mn)
Figure 25. Europe Automotive Market Revenue And Forecasts To 2027(US$ Mn)
Figure 26. Europe Oil & Gas Market Revenue And Forecasts To 2027(US$ Mn)
Figure 27. Europe Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Europe Ultrasonic Sensor Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 30. Germany Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 31. France Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. Italy Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 33. UK Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 34. Russia Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 35. Rest of Europe Ultrasonic Sensor Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies - Europe Ultrasonic Sensor Market
- Balluff Inc.
- Baumer Group
- Robert Bosch GmbH
- Honeywell International, Inc.
- Keyence Corporation
- Murata Manufacturing Co. Ltd.
- Omron Corporation
- Pepperl+Fuchs AG
- Rockwell Automation, Inc.
- Siemens AG
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