Ultrasonic Technology Global Market Report 2023

The Ultrasonic Technology Global Market Report 2023, provides comprehensive information on the ultrasonic technology market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Ultrasonic Technology Global Market Report 2023, the market size is expected to grow from $1.86 billion in 2022 to $2.1 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global ultrasonic technology market is expected to grow to $3.3 billion in 2027 at a CAGR of 12.0%.

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The integration of artificial intelligence has emerged as a key trend gaining popularity in the ultrasonic technology market. Major companies operating in the ultrasonic technology sector are focused on incorporating artificial intelligence in ultrasonic devices to reinforce their position. For instance, in September 2020, GE Healthcare, a US-based manufacturing company launched an AI-based Women’s Health ultrasound system, Voluson SWIFT. The Voluson SWIFT incorporates Intelligent Ultrasound’s ScanNav Assist AI technology and includes SonoLyst, the world’s first fully integrated AI tool that recognizes the 20 views recommended by the International Society of Ultrasound in Obstetrics and Gynecology mid-trimester practice guidelines for fetal imaging.

The ultrasonic technology market is segmented:

1) By Type: Ultrasonic Proximity Sensor, Ultrasonic Retro-Reflective Sensor, Ultrasonic Through-Beam Sensor

2) By Technology: Ultrasonic Medical Technology, Ultrasonic Processing Technology, Ultrasonic Testing Technology

3) By Application: Welding, Cleaning, Inspections, Other Applications

4) By End User: Automotive, Food and beverage, Medical and healthcare, Aerospace and defense, Industrial, Other End Users

Asia-Pacific was the largest region in the ultrasonic technology market in 2022.

The table of contents in TBRC’s ultrasonic technology market report includes:

1. Executive Summary
2. Ultrasonic Technology Market Characteristics
3. Ultrasonic Technology Market Trends And Strategies
4. Ultrasonic Technology Market – Macro Economic Scenario
5. Ultrasonic Technology Market Size And Growth

 

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26. Africa Ultrasonic Technology Market
27. Ultrasonic Technology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ultrasonic Technology Market
29. Ultrasonic Technology Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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