Ultrasonic Technologies Market Size Booming to Touch USD 3.2 Billion by 2029

Ultrasonic Technologies Market

Ultrasonic technologies market is gaining traction because of the highly efficient in maintenance of systems and industrialization in emerging countries.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global ultrasonic technologies market size at USD 1,619.67 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global ultrasonic technologies market size to expand at an impressive CAGR of 10.2% reaching a value of USD 3,186.49 million by 2029. Expanding urbanization and the manufacturing industry are significant growth drivers for the global ultrasonic technologies market, particularly in developing countries, including India, China, and Brazil. Also, as a result of the ongoing growth in the oil & gas, chemical, healthcare, food & beverages, and automotive industries, manufacturers are considerably expanding their operations and driving the expansion of the industry as a whole.

Global Ultrasonic Technologies Market – Overview

Ultrasonic technology is the technique of transmitting digital data utilizing barely audible and inaudible sound waves. Alternatively, it is referred to as ultrasonic data transfer. Ultrasonic applications are often divided into two categories: low-intensity ultrasonic (also known as non-destructive or high-frequency ultrasound) and high-intensity ultrasonic (called low-frequency or power ultrasound). They include the use of ultrasound for cleaning, the control of drills & saws, the diagnosis & treatment of different diseases, defect detection & navigation systems, industrial control systems, flaw detection & cleaning, and for a variety of metalworking operations.

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Global Ultrasonic Technologies Market – By End-User Industry

Based on end-user industry, the global ultrasonic technologies market is segmented into food & beverages, automotive, healthcare, and others. The healthcare segment accounts for the highest market share in the global ultrasonic technologies market by end-user industry. Ultrasonic technology is often used to examine internal organs, tendons, muscles, joints, and other subcutaneous body structures to look for any potential disease or abnormalities. The technology is also used as an ultrasonic cleaner. Medical institutions may maintain the cleanliness and sterility of their high-tech instruments and gadgets with the help of ultrasonic cleaners. Medical ultrasonic cleaners swiftly and efficiently remove impurities and particles off part surfaces using high-frequency sound waves.

Impact of COVID-19 on Global Ultrasonic Technologies Market

The global ultrasonic technologies market registered boisterous growth post the COVID-19 pandemic period. Offices and factories had to provide a setting that enforced social segregation among employees and safe work procedures to stop the COVID-19 pandemic from spreading. The need to precisely measure distances between employees is drawing attention to several options based on ultrasonic sensor technology. Because of their superior precision compared to other wireless technologies, such as Bluetooth and Ultra-Wideband (UWB), ultrasonic sensors are the wireless technology most suited to contact tracking and social distancing.

Competitive Landscape

Major players operating in the global ultrasonic technologies market include Advanced Sonics, LLC, Crest Ultrasonics Corp., DPR Ultrasonic Technologies, Emerson Electric Co. (Branson), International Ultrasonic Technologies, Mosca GmbH, MS Industrie AG, Sonotronic Nagel GmbH, Telsonic AG, and Ultrasonic Technologies, Inc. These companies employ various strategies to further enhance their market share, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Ultrasonic Technologies Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Ultrasonic Technologies Marketand industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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