The global ultrasonic technology market reached a value of nearly $1,882.1 million in 2022, having grown at a compound annual growth rate (CAGR) of 13.8% since 2017. The market is expected to grow from $1,882.1 million in 2022 to $3,445.1 million in 2027 at a rate of 12.9%. The market is then expected to grow at a CAGR of 15.5% from 2027 and reach $7,071.3 million in 2032.
Growth in the historic period resulted from the strong economic growth in emerging markets, growth in demand from the medical sector, growth in government initiatives and the rapid industrialization and growth in manufacturing industries. Factors that negatively affected growth in the historic period were impact of COVID-19 and the high cost of ultrasound systems.
Going forward, the increasing prevalence of chronic illness, the increasing aging population, the growth in the retail sector and the rising public concerns related to optimal food safety and quality will drive the growth. Factors that could hinder the growth of the ultrasonic technology market in the future include the lack of skilled technicians and the Russia-Ukraine war.
The ultrasonic technology market is segmented by type into ultrasonic proximity sensor, ultrasonic retro-reflective sensor, ultrasonic through-beam sensor and other types. The ultrasonic retro-reflective sensor market was the largest segment of the ultrasonic technology market segmented by type, accounting for 39.3% of the total in 2022. Going forward, the ultrasonic through-beam sensor segment is expected to be the fastest growing segment in the ultrasonic technology market segmented by type, at a CAGR of 14.0% during 2022-2027.
The ultrasonic technology market is segmented by technology into ultrasonic medical technology, ultrasonic processing technology, ultrasonic testing technology and other technologies. The ultrasonic testing technology market was the largest segment of the ultrasonic technology market segmented by technology, accounting for 35.0% of the total in 2022. Going forward, the ultrasonic medical technology segment is expected to be the fastest growing segment in the ultrasonic technology market segmented by technology, at a CAGR of 13.1% during 2022-2027.
The ultrasonic technology market is segmented by application into welding, cleaning, inspections and other applications. The welding market was the largest segment of the ultrasonic technology market segmented by application, accounting for 51.9% of the total in 2022. Going forward, the cleaning segment is expected to be the fastest growing segment in the ultrasonic technology market segmented by application, at a CAGR of 13.6% during 2022-2027.
The ultrasonic technology market is segmented by end user into automotive, food and beverage, medical and healthcare, aerospace and defense, industrial and other end users. The industrial market was the largest segment of the ultrasonic technology market segmented by end user, accounting for 29.9% of the total in 2022. Going forward, the medical and healthcare segment is expected to be the fastest growing segment in the ultrasonic technology market segmented by end user, at a CAGR of 13.6% during 2022-2027.
Asia Pacific was the largest region in the ultrasonic technology market, accounting for 38.2% of the total in 2022. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the ultrasonic technology market will be Asia Pacific and South America where growth will be at CAGRs of 14.3% and 14.0% respectively. These will be followed by the Middle East and Africa where the markets are expected to grow at CAGRs of 13.5% and 12.9% respectively.
The global ultrasonic technology market is concentrated, with large players operating in the market. The top ten competitors in the market made up to 48.94% of the total market in 2021. The market is expected to be change in near future with the adoption of acquisition and merger strategies by the players to enter and expand into newer geographies for sales of products and services. Emerson Eletric was the largest competitor with 13.77% of the market, followed by Siemens AG with 11.89%, Koninklijke Philips N.V. with 6.22%, Olympus Corporation with 4.80%, General Electric Company with 3.87%, Crest Ultrasonics Corp. with 2.38%, Honeywell International, Inc with 1.71%, Rockwell Automation Inc. with 1.68%, Pepperl+Fuchs AG with 1.41% and Omron Corporation with 1.20%.
The top opportunities in the ultrasonic technology market segmented by type will arise in the ultrasonic retro-reflective sensor segment, which will gain $573.4 million of global annual sales by 2027. The top opportunities in the ultrasonic technology market segmented by technology will arise in the ultrasonic testing technology segment, which will gain $553.3 million of global annual sales by 2027. The top opportunities in the ultrasonic technology market segmented by application will arise in the welding segment, which will gain $812.9 million of global annual sales by 2027. The top opportunities in the ultrasonic technology market segmented by end user will arise in the medical and healthcare segment, which will gain $470.3 million of global annual sales by 2027. The ultrasonic technology market size will gain the most in the USA at $400.1 million.
Market-trend-based strategies for the ultrasonic technology market include focus on use of artificial intelligence (AI), focus on 3D ultrasound technology, launch of compact portable ultrasound, increasing investments, product innovations and strategic partnerships and collaborations.
Player-adopted strategies in the ultrasonic technology market include focus on enhancing operational capabilities through the launch of new products, strengthening business activities through strategic collaborations and partnerships and expanding operational capabilities through strategic acquisitions.
To take advantage of the opportunities, the publisher recommends the ultrasonic technology companies to focus on 3D ultrasound technology, focus on compact portable ultrasound, product innovations, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing application areas and focus on fast-growing end-users.
Table of Contents
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Ultrasonic Technology Market Definition And Segmentations
6.4. Market Segmentation By Type
6.4.1. Ultrasonic Proximity Sensor
6.4.2. Ultrasonic Retro-Reflective Sensor
6.4.3. Ultrasonic Through-Beam Sensor
6.4.4. Other Types
6.5. Market Segmentation By Technology
6.5.1. Ultrasonic Medical Technology
6.5.2. Ultrasonic Processing Technology
6.5.3. Ultrasonic Testing Technology
6.5.4. Other Technologies
6.6. Market Segmentation By Application
6.6.1. Welding
6.6.2. Cleaning
6.6.3. Inspections
6.6.4. Other Applications
6.7. Market Segmentation By End User
6.7.1. Automotive
6.7.2. Food And Beverage
6.7.3. Medical And Healthcare
6.7.4. Aerospace And Defense
6.7.5. Industrial
6.7.6. Other End Users
7. Major Market Trends
7.1. Use Of Artificial Intelligence (AI)
7.2. Focus On 3D Ultrasound Technology
7.3. Launch Of Compact Portable Ultrasound
7.4. Increasing Investments
7.5. Product Innovations
7.6. Strategic Partnerships And Collaborations
8. Global Market Size and Growth
8.1. Market Size
8.2. Historic Market Growth, 2017 - 2022, Value ($ Million)
8.2.1. Market Drivers 2017 - 2022
8.2.2. Market Restraints 2017 - 2022
8.3. Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
8.3.1. Market Drivers 2022 - 2027
8.3.2. Market Restraints 2022 - 2027
9. Global Ultrasonic Technology Market Segmentation
9.1. Global Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.2. Global Ultrasonic Technology Market, Segmentation By Technology, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.3. Global Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.4. Global Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10. Ultrasonic Technology Market, Regional and Country Analysis
10.1. Global Ultrasonic Technology Market, By Region, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10.2. Global Ultrasonic Technology Market, By Country, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11. Asia-Pacific Market
11.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory Bodies
11.2.7. Major Associations
11.2.8. Taxes Levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.4. Asia-Pacific Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.5. Asia-Pacific Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.6. Asia-Pacific Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.7. Asia-Pacific Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.8. Asia-Pacific Ultrasonic Technology Market: Country Analysis
11.9. China Market
11.10. Summary
11.11. Market Overview
11.11.1. Country Information
11.11.2. Market Information
11.11.3. Background Information
11.11.4. Government Initiatives
11.11.5. Regulations
11.11.6. Regulatory Bodies
11.11.7. Major Associations
11.11.8. Taxes Levied
11.11.9. Corporate tax structure
11.11.10. Investments
11.11.11. Major Companies
11.12. China Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.13. China Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.14. China Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.15. China Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.16. China Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.17. India Market
11.18. India Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.19. India Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.20. India Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.21. India Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.22. India Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.23. Japan Market
11.24. Japan Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.25. Japan Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.26. Japan Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.27. Japan Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.28. Japan Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.29. Australia Market
11.30. Australia Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.31. Australia Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.32. Australia Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.33. Australia Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.34. Australia Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.35. Indonesia Market
11.36. Indonesia Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.37. Indonesia Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.38. Indonesia Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.39. Indonesia Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.40. Indonesia Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.41. South Korea Market
11.42. South Korea Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.43. South Korea Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.44. South Korea Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.45. South Korea Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.46. South Korea Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory Bodies
12.2.7. Major Associations
12.2.8. Taxes Levied
12.2.9. Corporate tax structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.4. Western Europe Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.5. Western Europe Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.6. Western Europe Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.7. Western Europe Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.8. Western Europe Ultrasonic Technology Market: Country Analysis
12.9. UK Market
12.10. UK Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.11. UK Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.12. UK Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.13. UK Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.14. UK Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.15. Germany Market
12.16. Germany Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.17. Germany Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.18. Germany Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.19. Germany Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.20. Germany Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.21. France Market
12.22. France Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.23. France Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.24. France Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.25. France Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.26. France Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13. Eastern Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Major Associations
13.2.8. Taxes Levied
13.2.9. Corporate Tax Structure
13.2.10. Investments
13.2.11. Major Companies
13.3. Eastern Europe Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.4. Eastern Europe Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.5. Eastern Europe Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.6. Eastern Europe Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.7. Eastern Europe Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.8. Eastern Europe Ultrasonic Technology Market: Country Analysis
13.9. Russia Market
13.10. Russia Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.11. Russia Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.12. Russia Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.13. Russia Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.14. Russia Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Major Associations
14.2.8. Taxes Levied
14.2.9. Corporate Tax Structure
14.2.10. Investments
14.2.11. Major Companies
14.3. North America Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.4. North America Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.5. North America Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.6. North America Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.7. North America Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.8. North America Ultrasonic Technology Market: Country Analysis
14.9. USA Market
14.10. Summary
14.11. Market Overview
14.11.1. Country Information
14.11.2. Market Information
14.11.3. Background Information
14.11.4. Government Initiatives
14.11.5. Regulations
14.11.6. Regulatory Bodies
14.11.7. Major Associations
14.11.8. Taxes Levied
14.11.9. Corporate Tax Structure
14.11.10. Investments
14.11.11. Major Companies
14.12. USA Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.13. USA Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.14. USA Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.15. USA Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.16. USA Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Regulatory Bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.4. South America Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.5. South America Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.6. South America Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.7. South America Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.8. South America Ultrasonic Technology Market: Country Analysis
15.9. Brazil Market
15.10. Brazil Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.11. Brazil Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.12. Brazil Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.13. Brazil Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.14. Brazil Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
16.4. Middle East Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
16.5. Middle East Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.6. Middle East Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.7. Middle East Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background Information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Association
17.2.8. Taxes Levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Ultrasonic Technology Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
17.4. Africa Ultrasonic Technology Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
17.5. Africa Ultrasonic Technology Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.6. Africa Ultrasonic Technology Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.7. Africa Ultrasonic Technology Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
18. Competitive Landscape And Company Profiles
18.1. Company Profiles
18.2. Emerson Electric Company
18.2.1. Company Overview
18.2.2. Products And Services
18.2.3. Business Strategy
18.2.4. Financial Overview
18.3. Siemens AG
18.3.1. Company Overview
18.3.2. Products And Services
18.3.3. Business Strategy
18.3.4. Financial Overview
18.4. Koninklijke Philips N.V.
18.4.1. Company Overview
18.4.2. Products And Services
18.4.3. Business Strategy
18.4.4. Financial Overview
18.5. Olympus Corporation
18.5.1. Company Overview
18.5.2. Products And Services
18.5.3. Business Strategy
18.5.4. Financial Overview
18.6. General Electric Company
18.6.1. Company Overview
18.6.2. Products And Services
18.6.3. Business Strategy
18.6.4. Financial Overview
19. Key Mergers and Acquisitions
19.1. Probo Medical Completes Acquisition Of National Ultrasound Inc
19.2. Telsonic AG Acquired Leading Edge Engineering
19.3. GE Healthcare Acquired Caption Health
19.4. GE Healthcare Acquired BK Medical
19.5. Bioventus Acquired Misonix
19.6. Miloptic Acquired Automation Industries Corporation (AIC)
19.7. Pepperl+Fuchs Acquired The USI Ultrasonic Safety Sensor From Mayser Gmbh & Co. KG
19.8. Fujifilm Acquired The Diagnostic Imaging Business Of Hitachi
20. Opportunities And Strategies
20.1. Global Ultrasonic Technology Market In 2027 - Countries Offering Most New Opportunities
20.2. Global Ultrasonic Technology Market In 2027 - Segments Offering Most New Opportunities
20.3. Global Ultrasonic Technology Market In 2027 - Growth Strategies
20.3.1. Market Trend Based Strategies
20.3.2. Competitor Strategies
21. Ultrasonic Technology Market, Conclusions And Recommendations
21.1. Conclusions
21.2. Recommendations
21.2.1. Product
21.2.2. Place
21.2.3. Price
21.2.4. Promotion
21.2.5. People
22. Appendix
22.1. Market Data Sources
22.2. Research Methodology
22.3. Currencies
22.4. About the Publisher
22.5. Copyright and Disclaimer
Executive Summary
Ultrasonic Technology Global Market Opportunities and Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global ultrasonic technology market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for ultrasonic technology? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The ultrasonic technology market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider ultrasonic technology market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions, and explanations about the ultrasonic technology market.
- Key Trends - Highlights the major trends shaping the global ultrasonic technology market. This section also highlights likely future developments in the market.
- Global Market Size and Growth - Global historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - Historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values and growth and market share comparison by region.
- Market Segmentation - Contains the market values (2017-2032) and analysis for each segment by type, by technology, by application, and by end user in the market.
- Regional Market Size and Growth - Regional market size (2022), historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for ultrasonic technology providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Type: Ultrasonic Proximity Sensor; Ultrasonic Retro-Reflective Sensor; Ultrasonic Through-Beam Sensor; Other Types2) By Technology: Ultrasonic Medical Technology; Ultrasonic Processing Technology; Ultrasonic Testing Technology; Other Technologies
3) By Application: Welding; Cleaning; Inspections; Other Applications
4) By End User: Automotive; Food and Beverage; Medical and Healthcare; Aerospace and Defense; Industrial; Other End Users
Companies Mentioned: Emerson Eletric; Siemens AG; Koninklijke Philips N.V.; Olympus Corporation; General Electric Company
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; ultrasonic technology indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Emerson Eletric
- Siemens AG
- Koninklijke Philips N.V.
- Olympus Corporation
- General Electric Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 309 |
| Published | August 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1882.1 Million |
| Forecasted Market Value ( USD | $ 7071.3 Million |
| Compound Annual Growth Rate | 14.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
