Global Ultrasonic Position Sensor Market Growth 2019-2024

Ultrasonic Position Sensor (also called Ultrasonic Sensor) is a device that can measure the distance to an object by using sound waves. It measures distance by sending out a sound wave at a specific frequency and listening for that sound wave to bounce back. By recording the elapsed time between the sound wave being generated and the sound wave bouncing back, it is possible to calculate the distance between the sonar sensor and the object.
EU has the largest global export quantity and manufacturers in Ultrasonic Position Sensor market, while the United States is the second sales volume market for Ultrasonic Position Sensor in 2016.
In the industry, PEPPERL+FUCHS profits most in 2016 and recent years, while Schneider Electric and Microsonic ranked 2 and 3.The market share of them is 32.38%, 17.33% and 11.53% in 2016.The gap of market share is keep on enlarged due to different strategy.
Nowadays, there are two mainly types of Ultrasonic Position Sensor, including Discrete Ultrasonic Position Sensor and Continuous Ultrasonic Position Sensor. And Continuous Ultrasonic Position Sensor is the main type for Ultrasonic Position Sensor, and the Continuous Ultrasonic Position Sensor reached a sales volume of approximately 908.98 K Unit in 2016, with 67.37% of global sales volume.

According to this study, over the next five years the Ultrasonic Position Sensor market will register a 14.6% CAGR in terms of revenue, the global market size will reach US$ 1100 million by 2024, from US$ 490 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Ultrasonic Position Sensor business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Ultrasonic Position Sensor market by product type, application, key manufacturers and key regions and countries.

This study considers the Ultrasonic Position Sensor value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Discrete Ultrasonic Position Sensor
Continuous Ultrasonic Position Sensor
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Industrial
Healthcare
Food & Beverage
Automotive
Others (Petroleum, Military, etc.)

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Pepperl+Fuchs
Schneider Electric
Microsonic
Sick AG
TURCK
Baumer
Ifm Electronic
Rockwell Automation
Balluff
Eaton
Keyence
Omron Corporation
GARLO GAVAZZI
MaxBotix Inc.
Warner Electric (Altra)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Ultrasonic Position Sensor consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Ultrasonic Position Sensor market by identifying its various subsegments.
Focuses on the key global Ultrasonic Position Sensor manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Ultrasonic Position Sensor with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Ultrasonic Position Sensor submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.