About Ultrasonic Technologies
Ultrasonic technology offers and processes using the oscillating sound of tremendously high-frequency Ultrasonic waves are mechanical vibrations which are used to choose the structural integrity of materials. It is mostly used to determine thickness measurements, study metallurgy. It helps in the manufacturing industry with its superior performance. All the tasks performed with this ultrasonic method produce the best outcomes and are cost-effective.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Ultrasonic Technologies market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Advanced Sonic Processing Systems (United States), Airmar Technology Corp. (United States), Baumer Electric Ag (Switzerland), Branson Ultrasonic Corp. (United States), Cameron Measurement Systems (United States), GE Healthcare, Ltd. (United States), Siemens Ag (Germany), Tokyo Keiki, Inc. (Japan), Toshiba America Medical Systems, Inc. (United States) and Hitachi Medical Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Tokyo Keiki (Japan) and Yimei Dental Industry Co., Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Ultrasonic Technologies market by Type (Motor/Actuator Technology, Medical Technology, Processing Technology, Assembling Technology and Testing Technologies), Application (Food & Beverage, Pharmaceutical & Medical Devices, Paint & Pigments and Personal Care) and Region.
On the basis of geography, the market of Ultrasonic Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Usage, the sub-segment i.e. Ultrasonic Homogenizing will boost the Ultrasonic Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption in Healthcare Sector and Growing Use of Oscillating Sound Of Very High Frequency
Market Growth Drivers:
Fueling Usage in Manufacturing Process and Up Surging Demand Due To Application in Monitoring the Usage of Water
Challenges:
Increasing Issue Regarding Absorption Of Sound
Restraints:
Rising Environmental Concern
Opportunities:
Huge demand in Various End-User Industry and Technological Advancements in Ultrasonic Technology
Market Leaders and their expansionary development strategies
In September 23, 2021 – GE (NYSE:GE) has entered into an agreement to acquire BK Medical, a leader in advanced surgical visualization. The acquisition is expected to create value by further strengthening BK Medical, including through significant synergies with the benefit of GE’s technology and commercial scale.
In August 2023, Waygate Technologies, a Baker Hughes business and world leader in nondestructive testing (NDT) solutions for industrial inspection, introduced Krautkrämer SpotVision, a new phased array ultrasonic solution for spot weld inspection.Features of Krautkrämer SpotVision include the completely newly designed 2D matrix phased array probe. Its fluid-filled membrane adapts to uneven surfaces and the overall complex geometry of spot welds better than any other probe and ensures optimal acoustic coupling to the test specimen.
Key Target Audience
Government Sectors, Academic Institutions, Technology Integrators and Service Providers, Regulatory and Research Organizations, Research and Consulting Firms and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.