Global Ultrasound Transducer Market: By Technology: Ultrasonic Medical Technology, Ultrasonic Processing Technology, Ultrasonic Testing Technology; By Type: Ultrasonic Proximity Sensor, Ultrasonic Retro-reflective Sensor, Ultrasonic Through-beam Sensor; By End-Use: Automotive, Food and Beverage, Medical and Healthcare, Aerospace & Defense, Industrial; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Supply and Demand (2015-2019); Supply and Demand Forecast (2020-2025); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Events and Developments

Global Ultrasound Transducer Market Key Insights:

Market Outlook

The global ultrasound transducer market stood at a value of USD 3.7 billion in 2019 and is projected to grow at a CAGR of 3.9% over the forecast period of 2020-2025. Ultrasound transducers are used in diagnostic, surgical treatments, and non-invasive processes, including lithotripsy. Primary diagnostic purposes of these instruments include maternity, cardiovascular, abdominal, cerebrovascular, gynaecological, and urological examinations, as well as breast, tiny tissue parts, paediatric, and operational examinations.

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Properties and Applications

The ultrasound transducer market can be divided on the basis of segments like type, end-use, and technology.

The industry can be divided on the basis of its type as ultrasonic proximity sensor, ultrasonic retro-reflective sensor, and ultrasonic through-beam sensor. The industry can be broadly divided based on its end-use segments into:

• Automotive
• Food and Beverage
• Medical and Healthcare
• Aerospace and Defence
• Industrial

The industry can be classified on the basis of its technology as ultrasonic medical technology, ultrasonic processing technology, and ultrasonic testing technology.

The EMR report looks into the regional ultrasound transducer markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

The ultrasound transducer market owes its growth to factors like the increasing prevalence of cardiovascular, respiratory, and abdominal disorders, growing mergers and acquisitions, and the growing number of product launches. The growing use of ultrasound machines in medical imaging of different circumstances and the introduction of developed transducers are some of the critical drivers of the industry. The high cost of the ultrasound product is the only constraint of ultrasound transducer market.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global ultrasound transducer market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Siemens AG (OTCMKTS: SIEGY)
• Honeywell International Inc.
• Rockwell Automation, Inc.
• Murata Manufacturing Co. Ltd
• Omron Corporation
• Sick AG 
• Banner Engineering Corp.

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.

Key Questions Answered in the Report:

• How has the global ultrasound transducer market performed in the previous years (2015-2019)?
• What is the forecast assessment of the market for 2020-2025?
• What are the major drivers for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major price indicators of the global industry?
• What are the major demand indicators of the global industry?
• Who are the key manufacturers of ultrasonic proximity sensor, ultrasonic retro-reflective sensor, and ultrasonic through-beam sensor in the industry globally?
• What is the degree of competition in the global industry?
• What are the major events and developments taking place within the industry globally?

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