Ultrasonics: Technologies and Global Markets
Report Highlights
The global ultrasonic equipment market should reach $158.2 billion by 2027 from $90.4 billion in 2022 at a compound annual growth rate (CAGR) of 11.8% for the forecast period of 2022 to 2027.
Report Includes
- 175 data tables and 15 additional tables
- An up-to-date overview and analysis of the global markets for ultrasonic products and technologies
- Analyses of the global market trends, with product sales data for 2021, estimates for 2022, 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the feasible market opportunities by identifying high-growth applications in different areas, with a focus on the largest and expanding markets
- Estimation of the actual market size for ultrasonic technologies and products, revenue forecast, and corresponding market share analysis segmented by product/equipment type, application, and region
- Assessment on the global industry development through an in-depth analysis of the major regional markets for ultrasonic technologies and products, including forecasts for growth
- Updated information on key market drivers and opportunities, industry shifts and regulations, and other demographic factors that will influence the demand in the coming years (2022-2027)
- Identification of viable technology drivers through a holistic review of various platform technologies for new and existing ultrasonic products and application markets
- Insight into the increasing investments on R&D activities, key technology issues, industry specific-challenges, major types of end-user markets, and COVID-19 impact on this market
- Discussion of the competitive landscape of major manufacturers and suppliers of various types of ultrasonic products, their research priorities, product portfolios, and market share analysis based on the segmental revenues
- Descriptive company profiles of the leading global players, including Accusonics Inc., Baker Hughes, Kistler-Morse, Newtech Ltd., Samsung Medison Co. Ltd. and TE Connectivity
Report Scope
In this report, the market has been segmented based on equipment type, applications and geography. The report provides an overview of the global ultrasonic equipment market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Revenue forecasts for this period are segmented based on equipment type, applications and geography. Market values have been estimated based on the total revenue of ultrasonic equipment providers.
The report covers the market for ultrasonic equipment with regard to the consumer base, across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for ultrasonic equipment in 2021 and provides projections for the expected market size through 2027.
The scope of the study includes ultrasonic equipment such as motors/actuators, medical equipment, processing equipment, assembling equipment, testing equipment, and ultrasonic flow meters and sensors. However, spares and consumables applicable to the ultrasonic equipment have been excluded from the study.
Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2021 |
| Forecast period considered | 2022-2027 |
| Base year market size | $81.1 billion |
| Market size forecast | $158.2 billion |
| Growth rate | CAGR of 11.8% from 2022 to 2027 |
| Units considered | $ Millions |
| Segments covered | Type, Region |
| Regions covered | North America, Europe, Asia-Pacific, South America, Rest of the World (RoW) |
| Countries covered | U.S., Canada, Mexico, Germany, U.K., Spain, France, Italy, Russia, Austria, the Netherlands, China, India, Japan, South Korea, Malaysia, Indonesia, and Taiwan, Brazil, and Rest of South American countries, Middle East, and Africa |
| Key Market Drivers |
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| Companies studied |
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Report Highlights
The global market for ultrasonic equipment should reach $54.5 billion by 2021 from $31.6 billion in 2016 at a compound annual growth rate (CAGR) of 11.5% from 2016 to 2021.
Report Includes
- An overview of the global markets for ultrasonics and related technologies and products
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021
- 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 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 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
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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.