Skip to main content

Increasing Use of AMRs Fueling Ultrasonic Sensor Sales

Ultrasonic sensors are being increasingly used in the automotive industry in various applications such as park assistant systems, level sensing in fuel tanks, and object detection and identification. The wide application base of such sensors can be credited to their ability to calculate the distance of obstacles and monitor space while the vehicle is being parked.

Owing to the rising production of vehicles across the world, especially in developing countries, such as Thailand, Indonesia, and China, the requirement for ultrasonic sensors is escalating rapidly.In addition, the surging deployment of autonomous mobile robots (AMRs) in the automotive and oil and gas industries.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/ultrasonic-sensor-market/report-sample


Owing to the rising advancements in technology and soaring focus on enhancing operational capacity, efficiency, and productivity, will propel the ultrasonic sensors market. at a CAGR of 10.2% during 2020–2030. The market was valued at $4.1 billion in 2019 and it is expected to reach $12.1 billion revenue by 2030. Such sensors are integrated into AMRs for detecting obstacles and determining the distance between two objects.

Moreover, the escalating focus of the manufacturing sector on increasing their productivity will also amplify the production of ultrasonic sensors in the coming years. Manufacturing facilities use these sensors to measure water level in tanks and the distance, level, and diameter of the roll. Additionally, the production units also use such instruments for loop control. With the expansion of the industrial sector in developing countries, the usage of ultrasonic sensors will accelerate at a significant rate.

Comments

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog

Conversational AI Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

There are two ways in which conversational AI solutions are deployed, namely cloud and on-premises. Of these, the conversational AI solutions deployed through cloud recorded higher demand in 2018, and this deployment method is expected to remain more popular in the coming years. This is primarily attributed to the ballooning demand for scalability and easier maintenance features and 24*7 services offered by these solutions. Furthermore, many major companies are adopting cloud-based solutions for increasing their operational flexibility and reducing their operational costs. Coherent with these facts, the biggest phenomenon currently being observed in the conversational AI market is the mushrooming implementation of chatbots, as well as IVA, in various healthcare applications. Geographically, the highest demand for conversational AI market share has been witnessed in North America in the last few years, and the next few years will witness a similar situation. For instance, a Mahara

Battery Management System Market Size, Status, Top Players, Trends in Upcoming Years

The International Energy Association (IEA) predicts that the sale of battery electric vehicles (BEV) (trucks) and plug-in hybrid electric vehicles (PHEV) (trucks) will reach around 96,555 units and 107,571 units, respectively, by 2025. The organization also forecasts that the global stock of BEV cars and PHEV cars will reach 29,626,576 units and 16,335,941 units, respectively, by 2025. The surging electric vehicle (EV) sales will create an extensive requirement for battery management systems (BMSs) in the coming years, as batteries are the most important component of such vehicles. Besides, the surging use of rechargeable batteries in consumer electronic products is expected to drive the battery management system market at a vigorous CAGR of 15.0% during the forecast period (2021–2030).   The market revenue is expected to surge from $5,661.0 million in 2020 to $22,279.6 million by 2030. BMSs are installed in consumer electronics to control the operation of batteries and manage recharg