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.
INTRODUCTION
- Identify viable technology drivers through a comprehensive look at various platform technologies for ultrasound products and their markets.
- Obtain a complete understanding of the major ultrasound markets—industrial, medical, processing, and miscellaneous uses—from their basic principles to their applications.
- Discover feasible market opportunities by identifying high-growth applications in different areas, with a focus on the biggest and expanding markets.
- Focus on global industry development through an in-depth analysis of the major world markets for ultrasonic technologies and products, including forecasts for growth.
- Establish the essentials of the ultrasonic technologies and products market, including definitions, processes, and trends.
- Marketing managers to identify newer market opportunities and develop targeted promotion plans for the company’s ultrasonic products.
- Research and development professionals to stay on top of competitor initiatives and explore demand for various types of ultrasonic products and to develop new products and for newer applications
- Business development executives to understand the dynamics of the market and identify possible new markets.
- Information and research center librarians to provide market researchers and brand and product managers with the information they need to do their jobs more effectively.
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Report Highlights
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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.
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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.
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The transducers market segment is considered very mature, although new and innovative materials and new manufacturing techniques may be expected through continuing research.
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High-power and low-power industrial applications also are well established. Ultrasonic nondestructive testing, ultrasonic cleaning and ultrasonic welding all are major mature applications.
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