The ultrasonic sensor market size was $4.1 billion in 2019, and it is expected to reach $12.1 billion by 2030, while progressing at a CAGR of 10.2% during 2020–2030. Geographically, the Asia-Pacific (APAC) region is expected to register the fastest growth in the coming years. This will be on account of the mushrooming demand for automation in industries, burgeoning population, and surging focus toward smart agriculture in the region, especially in India and China.

The ultrasonic sensor market size was $4.1 billion in 2019, and it is expected to reach $12.1 billion by 2030, while progressing at a CAGR of 10.2% during 2020–2030. Geographically, the Asia-Pacific (APAC) region is expected to register the fastest growth in the coming years. This will be on account of the mushrooming demand for automation in industries, burgeoning population, and surging focus toward smart agriculture in the region, especially in India and China.