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...