One of the key reasons fuelling the expansion of this market is the rising demand for ultrasonic transducers across a range of end-use industries. Additionally, this market is expanding because of the increasing use of these devices in numerous applications, including level and measurement, non-destructive testing (NDT), industrial process control, and others. A favorable environment for the expansion of this market is anticipated to be created throughout the course of the forecast period by the rising popularity of robots across a variety of industries, including the automotive, aerospace, and healthcare sectors.
The need for industrial ultrasonic transducers is being driven by the requirement for quality control across numerous sectors. These tools are employed in non-destructive testing (NDT) procedures to find different types of flaws in materials. The market for industrial ultrasonic transducers is also being driven by the increase in quality control regulations. One of the biggest markets for industrial ultrasonic transducers is the automotive industry. These gadgets are utilized in automotive applications including the detection of cylinder misfires and engine knocks, among others. During the forecast period, the market for industrial ultrasonic transducers is anticipated to be driven by the increased demand for passenger automobiles and commercial vehicles. Another significant user of industrial ultrasonic transducers is the healthcare sector. These tools are employed in medical imaging procedures like computed tomography (CT), ultrasound, and X-ray.
The industrial ultrasonic transducer is a very effective and adaptable tool that has a variety of uses. Some of the main advantages of employing this tool include the industrial ultrasonic transducer's ability to deliver precise measurements, which makes it the perfect option for usage in demanding situations. Numerous applications, including level and measurement, NDT, industrial process management, and others, are possible for the device. The transducer's robust and robust design guarantees long-term dependability and performance. The tool is simple to use.
Devices that produce and detect high-frequency sound waves, typically in the 20 kHz to 10 MHz range, are known as industrial ultrasonic transducers. Numerous industrial applications, including level and flow measurement, non-destructive testing (NDT), production process control, etc., make substantial use of ultrasonic transducers.
The industrial ultrasonic transducer market is predicted to reach USD 1,294.5 million by 2031, growing at a CAGR of 6.72%.
One of the key reasons hindering the expansion of this market is the high price of these gadgets. Additionally, the lack of knowledge about these devices among small and medium-sized businesses (SMEs) is impeding the expansion of this industry. However, market participants should benefit in the upcoming years from the growing use of these devices in the automobile industry.
Olympus Corporation, GE Measurement & Control Solutions, Sonatest Ltd., Dandong Dongfang Measurement & Control Technology Co. Ltd., Branson Ultrasonics Corporation, Ransonic laboratories Limited, and Telsonic AG are some of the major companies in the global Industrial Ultrasonic Transducer market. To preserve their position in the market, these players are concentrating on strategic development such as product innovation, partnership, and collaboration.
The Contact Transducer type to generate maximum revenue
During the projection period, the Contact Transducer segment is anticipated to develop at the greatest CAGR. Numerous industries, including automotive, aerospace & defense, among others, use this sort of transducer.
The manufacturing process control application to be most lucrative
The manufacturing process control market is anticipated to grow at a notable CAGR of nearly 7% during the forecast period. The global market for industrial ultrasonic transducers is growing as a result of the process industries' growing requirement for sensors and controls. Additionally, over the past few years, an increase in factory automation has been observed globally; this is expected to support the growth of this market.
North American region to render Adequate Financing Avenues
During the anticipated period, the industrial ultrasonic transducer market is anticipated to grow at the fastest rate in North America. This is mainly because there are so many notable manufacturers nearby. The expansion of this local industry is predicted to be significantly impacted by the US and Canada. After Europe and South America, the Asia Pacific area is anticipated to be the second-largest market for industrial ultrasonic transducers. This regional market is expanding as a result of increasing demand from numerous end-use sectors, including automotive, aerospace & defence, and electrical & electronics, among others.
The automotive and transportation category to dominate the market
Due to an increase in demand for non-destructive testing of automotive parts, the automotive and transportation category is anticipated to develop at the highest CAGR during the projection period. In the automotive industry, ultrasonic transducers are utilized for a variety of tasks including welding inspection and measuring material thickness. In addition, these transducers are employed in the cooling system and fuel tank leak detection in vehicle assembly lines. Due to the usage of ultrasound imaging techniques in numerous medical applications, including cancer detection and treatment, cardiology, obstetrics and gynecology (OBGYN), and others, the healthcare sector is anticipated to develop at the second-fastest rate over the projection period.
COVID-19 Impact and Market Status
The COVID-19 pandemic epidemic has had a significant negative impact on demand for industrial ultrasonic transducers across numerous industries. One of the key application sectors of this market is the automotive sector, and as a result of the tight limitations implemented by many governments across the world, car manufacturing ceased, which had an impact on the global need for industrial ultrasonic transducers. In addition, several end-use industries have restricted or stopped all of their operations in an effort to stop the virus's spread, which has further restrained the development of this industry. However, the market is anticipated to restore its lost impetus over the course of the projected year as a result of the gradual relaxing of shutdown restrictions and the restart of commercial activity across a number of industries.
Latest Innovations in the Global Industrial Ultrasonic Transducer Market: A Snapshot
• Toposens and Infineon Technologies AG have formed a partnership to implement 3D obstacle identification and collision avoidance in autonomous systems using Toposens' unique 3D ultrasonic technology. The Munich-based sensor maker produces 3D ultrasonic sensors called ECHO ONE DK that combine sound, computer vision, and cutting-edge algorithms to enable reliable, affordable, and accurate 3D vision for use in consumer electronics, robotics, and autonomous driving.
• The leading US ultrasonic sensor company, Migatron Corp., introduced two new sensor models in February 2022 that are intended for proximity detection and displacement measurement tasks for production line applications like high-speed counting, liquid level, and numerous other areas of process control.
Industrial Ultrasonic Transducer Market Scope
|Revenue forecast in 2031
|USD 1,294.5 million
|CAGR of 6.72 % during 2021-2031
|by Type, By Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Olympus Corporation, GE Measurement & Control Solutions, Sonatest Ltd., Dandong Dongfang Measurement & Control Technology Co. Ltd., Branson Ultrasonics Corporation, Ransonic laboratories Limited, and Telsonic AG
Key Segments of the Global Industrial Ultrasonic Transducer Market
Type Overview, 2021-2031 (USD Billion)
- Contact Transducer
- Dual Element Transducer
- Immersion Transducer
- Shear Wave Transducer
- Delay Line Transducer
Application Overview, 2021-2031 (USD Billion)
- Level and Measurement
- Production Process Control
End-Use Overview, 2021-2031 (USD Billion)
- Food and Beverage
- Medical and Healthcare
- Aerospace and Defence
Regional Overview, 2021-2031 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa
- South Africa