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Manufacturing

Ultrasonics: Technologies and Global Markets

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REPORT HIGHLIGHTS

  • The global market for ultrasonic equipment in 2010 was nearly $16.4 billion and is estimated at $17.5 in 2011 and $27.7 billion in 2016.  The compound annual growth rate (CAGR) for the 5-year period from 2011 to 2016 will be 9.6%.  
  • Technology covering ultrasonic motors and actuators tops the market with a compound annual growth rate (CAGR) of 11.4%. This sector is estimated at $7 billion for 2011 and is expected to reach $12 billion in 2016.
  • Use of ultrasonics in medical equipment is also increasing and is expected to have a compound annual growth rate (CAGR) of 9.5% over the 5-year forecast period. This sector is estimated at $6.1 billion for 2011 and is expected to reach $9.6 billion in 2016.

SUMMARY FIGURE
GLOBAL ULTRASONIC MARKET, 2009-2016
($ MILLIONS)
Source: BCC Research