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.
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 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Companies studied |
|
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.
- Proteomics: Technologies and Global Markets (BIO034G)
- Acrylic Coatings: Technologies, End Users and Global Markets (CHM105C)
- Halal Food Regional Market Analysis: Middle East and North Africa (FOD137A)
- Biologic Therapeutic Drugs: Technologies and Global Markets (BIO079F)
- Next-Generation Advanced Batteries: Global Markets (FCB062B)
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
-
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
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.
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.
Nondestructive Testing Equipment and Services: Ultrasonic, Radiographic, Eddy Current and Others
The global market for NDT equipment and services is estimated to increase from $31.3 billion in 2023 to reach $50.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.1% from 2023 through 2028.
Global Markets and Technologies for Inorganic Metal Finishing Processes
The global market for inorganic metal finishing technologies is estimated to increase from $93.3 billion in 2022 to reach $119.9 billion by 2027, at a compound annual growth rate (CAGR) of 5.1% from 2022 through 2027.
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
Global Markets for Emerging Medical Device Technologies
The global market for emerging medical devices is estimated to increase from $136.6 billion in 2024 to reach $223.9 billion by 2029, at a compound annual growth rate (CAGR) of 10.4% from 2024 through 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.
Single-Cell Genomics and Proteomics: Emerging Technologies and Markets
The global market for single-cell genomics and proteomics is expected to grow from $4.0 billion in 2024 to reach $9.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 17.6% from 2024 through 2029.
Global Lithium-ion Battery Market
The global market for lithium-ion battery (LIB) is expected to grow from $117.8 billion in 2024 and is projected to reach $221.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 13.5% during the forecast period of 2024 to 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