Global Ultrasonic Technology Market Overview And Prospects – Includes Ultrasonic Technology Market Growth
Learn about the global ultrasonic technology market through The Business Research Company, which provides information on ultrasonic technology market size, ultrasonic technology market drivers and restraints, ultrasonic technology market players, the COVID-19 impact on the ultrasonic technology market, and more.
The global ultrasonic technology market size is expected to grow from $1.64 billion in 2021 to $1.85 billion in 2022 at a compound annual growth rate (CAGR) of 12.8%. The global ultrasonic technologies market size is expected to grow to $2.83 billion in 2026 at a CAGR of 11.2%.
The growing demand from the medical sector is expected to propel the growth of the ultrasonic technology market going forward.
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The ultrasonic technology market consists of sales of ultrasonic technologies by entities (organizations, sole traders, and partnerships) that are used to detect objects and measure distances. Ultrasonic technology is the technique of transmitting digital data utilizing barely audible and inaudible sound waves.
Global Ultrasonic Technology Market Segments Include:
By Type: Ultrasonic Proximity Sensor, Ultrasonic Retro-Reflective Sensor, Ultrasonic Through-Beam Sensor
By Technology: Ultrasonic Medical Technology, Ultrasonic Processing Technology, Ultrasonic Testing Technology
By Application: Welding, Cleaning, Inspections, Others
By End-User: Automotive, Food and Beverage, Medical and Healthcare, Aerospace and Defense, Industrial, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the ultrasonic technology market in 2021.
The integration of artificial intelligence has emerged as a key trend gaining popularity in the ultrasonic technology market. Major companies operating in the ultrasonic technology sector are focused on incorporating artificial intelligence in ultrasonic devices to reinforce their position.
Major Market Players: GE Healthcare, Philips, Olympus Corporation, Siemens Healthineers, Hitachi, Canon Medical, Carestream, Mindray Medical, Samsung Electronics, Fujifilm, Esaote, Boston Scientific, Crest Group, Tokyo Keiki, Baumer Electric, Branson Ultrasonic, Cameron Measurement Systems, DPR Ultrasonic Technologies, and MS Industries AG.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Ultrasonic Technology Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides ultrasonic technology market overviews, analyzes and forecasts market size, share, ultrasonic technology market players, ultrasonic technology market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s ultrasonic technology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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