Ultrasonic Motion Sensor Market
Ultrasonic Motion Sensor Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Ultrasonic Motion Sensor Market Size and Growth
The Ultrasonic Motion Sensor market is experiencing robust growth due to rising demand across various sectors like security and automation. In 2023, the market size is estimated at approximately $180 million, projected to expand at a CAGR of 10% over the next five years, driven by technological advancements and increased applications.
Companies Covered
(Covid 19 Impact Covered)
◍ Bosch Sensortec
◍ NXP Semiconductor
◍ STMicroelectronics
◍ Microchip Technology
◍ InvenSense
◍ Kionix
◍ Honeywell
◍ Murata
◍ Analog Devices
◍ Maxim Integrated
◍ Knowles
◍ KEMET
◍ MEMSIC
The Ultrasonic Motion Sensor Market features companies like Bosch Sensortec, NXP Semiconductor, and STMicroelectronics, which innovate sensor technology for applications in automotive, IoT, and consumer electronics. Their advancements drive market growth by enhancing product capabilities. Notable sales revenues include:
- Bosch Sensortec: Approximately $2 billion
- STMicroelectronics: Approx. $10 billion
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Market Segmentation
By Application
Industry Application
Automobile
Household Applicance
Others
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By Product
Proximity Detection
Ranging Measurement
$ 958.24 Million
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