Report Highlights
The global ultrasonic market reached nearly $21.5 billion in 2013. This market is expected to grow to nearly $26.6 billion in 2015 and $45.2 billion in 2020 with a compound annual growth rate (CAGR) of 11.2% over the five-year period from 2015 to 2020.
Report Includes
- An overview of the global market for ultrasonics and related technologies and products.
- Analyses of global market trends, with data from 2013, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Identification of viable technology drivers through a comprehensive look at various platform technologies for new and existing ultrasound products and application markets
- An evaluation of ultrasonic market opportunities to help develop targeted promotion plans
- Information on market player initiatives attempting to meet market demand for various types of ultrasonic products
- Profiles of major companies in the industry.
Report Scope
The report has been prepared in a simple format that can be easily understood with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for various types of ultrasonic technologies and products with reasons given for variations in the growth of the industry in certain regions.
Analyst Credentials
The analyst of this report is a mechanical engineer with more than 40 years experience in designing factory layouts and setting up factories. He has set up factories for the production of weighing machines and dynamic balancing machines in India and has experience in the design, production and servicing of the above equipment. He was Senior Vice President of M/S Schenck Avery Ltd., an Indo-German joint venture, and set up the electronics department for manufacturing various types of electronic weighing and dynamic balancing equipment. He has authored several technology market research reports for BCC Research.
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%.
Report Highlights
- The global market for ultrasonics increased from $10.8 billion in 2007 to an estimated $12.4 billion by the end of 2008. It should reach $18.8 billion by 2013, a compound annual growth rate (CAGR) of 8.7%.
- The market segment for technology covering ultrasonic motors and flowmeters will have the highest growth rate of any segment, with a CAGR of 11.4% over the study period.
- The CAGR for ultrasonic flow-meters is expected to be 9.1% over the study period, from 2008 to the end of 2013.
Report Highlights
-
The U.S. ultrasonics market in 2003 stands at $3.5 billion and is projected to rise at an average annual growth rate (AAGR) of 8.5%, to reach $5.35 billion by 2008.
-
Medical ultrasonics, the largest market segment, will see the fastest growth, experiencing an AAGR of 9.8%. New companies are being formed to exploit the technology in the areas of surgical ultrasonics and the nonsurgical therapeutic segments.
-
The transducers market segment is considered very mature, although new and innovative materials and new manufacturing techniques may be expected through continuing research.
-
High-power and low-power industrial applications also are well established. Ultrasonic nondestructive testing, ultrasonic cleaning and ultrasonic welding all are major mature applications.
Related Reports
The Dental Market: Techniques, Equipment & Materials
The total U.S. dental market reached $12.7 billion in 2010. It is expected to reach $13 billion in 2011 and it will further grow to $14.4 billion by 2016 at a compound annual growth rate (CAGR) of 2.0%.
Ultrasonics: Technologies and Global Markets
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%.
Fetal Monitoring, Diagnostics and Predictive Tests
The global market for fetal monitoring, diagnostics, and predictive tests reached approximately $6.2 billion in 2010. The market is expected to rise at a compound annual growth rate (CAGR) of 4.4% and reach approximately $8 billion by 2016.
Recent Reports
Heat Pumps: Global Markets to 2030
The global market for heat pumps was valued at $88.4 billion in 2024 and is estimated to increase from $93.2 billion in 2025 to reach $134.8 billion by 2030, at a compound annual growth rate (CAGR) of 7.7% from 2025 through 2030.
2024 Manufacturing Research Review
This 2024 Research Review of manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
Physical Vapor Deposition (PVD): Global Markets
The global physical vapor deposition (PVD) market is expected to grow from $22.8 billion in 2024 to $33.1 billion by 2029, at a compound annual growth rate (CAGR) of 7.7% from 2024 through 2029.
2023 Manufacturing Research Review
Global manufacturing industry is growing at a healthy rate over year on year and contributing to the global GDP New technologies like automation, 3D printing and surge in automobile and electronics production has elevated the manufacturing industry up to a higher level.
Water Heater: Global Markets
The global market for water heaters is estimated to increase from $23.7 billion in 2023 to reach $32.1 billion by 2029, at a compound annual growth rate (CAGR) of 5.2% from 2024 through 2029.
Top Trending Reports
Carbon Capture, Utilization & Storage Technologies
The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.
Global Diabetic Care Devices Market
The global market for diabetes monitoring devices is expected to grow from $16.6 billion in 2024 to $26.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.1% from 2024 through 2029.
2024 Semiconductor Manufacturing Research Review
This 2024 Research Review of the Semiconductor Manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
Generative AI: Global Markets
The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.
2024 Medical Devices Research Review
The medical device industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years These devices treat and diagnose a multitude of patient conditions and work much better than drugs.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More