ICT Industry Reports

  Increasing automation in the automotive sector is driving the growth in global ultrasonic sensors market in the forecast period, 2021-2026. According to TechSci Research report, “ Ultrasonic Sensors Market  - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026”,  the global ultrasonic sensors market stood at USD3611.22 million in the year 2020 and is expected to grow with a CAGR of 4.79% in the forecast period on account of rapidly surging demands from the automotive industry. The rapidly increasing demands from the automotive industry like driverless cars and Advanced Driver Assistance System (ADAS) development are driving the growth of the global ultrasonic sensors market in the upcoming five years. Extended research and innovative product launches of technologically advanced devices and equipment are anticipated to push the growth of the global ultrasonic sensors market in the next five years. The evolution of robotics and the adopt...

According to TechSci Research, Global ultrasonic sensors market is expected to reach USD4771.09 million by 2026, growing at a CAGR of 4.79% owing to the rising demand from the automobile sector. The increasing healthcare industry is also catalyzing the demand for ultrasonic sensors due to its applications in various procedures such as ultrasound, sonography and renal denervation. The increasing urbanization, increased motor vehicle production, rising demand for vehicle electrification is also driving the demand for ultrasonic sensors. Automotive Sector Demands Driving Market Growth In recent years, there has been a significant increase in the demand for ultrasonic sensors. The electrification of vehicles has increased the usage opportunities of ultrasonic sensors in the automotive sector. The potential use of ultrasonic sensors in driverless cars for features such as collision detection, parking assistance, etc., is expected to drive the demand for ultrasonic sensors in the automotive...