Market Overview:
The global phased array ultrasonic transducer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of chronic diseases. In addition, technological advancements in ultrasound systems are also contributing to the growth of this market. Based on type, the global phased array ultrasonic transducer market is segmented into linear array, area array, and ring array. Linear arrays are expected to account for the largest share of this market in 2018 owing to their high accuracy and ability to image large areas simultaneously. Area arrays are projected to grow at the highest CAGR during the forecast period due their ability cover a large area with a single probe and reduced scanning time as compared with linear arrays. Based on application, hospitals accounted for majority share of this market in 2017 owing higher adoption rates across various regions coupled with growing number of surgical procedures performed annually worldwide .
Product Definition:
A phased array ultrasonic transducer is a type of ultrasonic transducer that uses multiple elements to create a beam of ultrasound waves. The waves are created by dividing the emitted ultrasound signal into many individual signals, which are then sent to the individual elements. The signals are then recombined and focused into a single beam. This allows for more flexibility in terms of where the ultrasound can be directed.
Linear Array:
Linear array is a type of phased array transducer. It's an electronic device that consists of a set of linear arms, each with its own control electrode and microphone. The electrical signal received by the microphone causes the arms to vibrate in sequence, and the vibration waves are amplified and sent back to where it started. Linear arrays are used for sound amplification in stadiums or for creating illusory sounds (sonic boom).
Area Array:
An area array is a collection of ultrasound transducers, which are used to generate the ultrasonic waves in a particular region. The ultrasonic transducers work on the principle of piezoelectricity. They convert electrical energy into sound waves and then back again into an electrical signal. These areas arrays are widely used in various industries such as food & beverages, automotive, medical devices and so on due to their features such as high efficiency and compact size etc.
Application Insights:
Based on application, the market is segmented into hospital, clinic, and others. The other applications include food processing plants, chemical plants for cleaning and inspection as well as for maintenance of equipment. The use of ULT in these applications has increased significantly over the past few years owing to their benefits such as compactness and low power consumption.
The hospital segment dominated the global market in 2017 due to a high demand for ultrasound devices that provide accurate diagnosis at reduced costs with enhanced quality of care. Ultrasound imaging offers rapid visual assessment that aids clinicians in making decisions regarding treatment procedures or surgeries during pregnancy or post-surgical recovery period thus driving its demand at hospitals across the world.
Regional Analysis:
North America dominated the global phased array ultrasonic transducer market in 2017. The presence of key players, favorable reimbursement scenario, and high adoption rate for technologically advanced medical devices are some of the major factors responsible for its large share. Moreover, increasing healthcare expenditure coupled with rising patient awareness levels is expected to drive demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to untapped opportunities in this region along with a rise in investment by leading companies due to low manufacturing cost and skilled labor availability at economical costs.
The Middle East & Africa region also presents significant potential for industry expansion as most of these systems are imported from developed regions such as North America.
Growth Factors:
- Increasing demand for phased array ultrasonic transducers in medical applications
- Growing popularity of phased array ultrasonic transducers in nondestructive testing and evaluation (NDT&E) applications
- Rising demand for phased array ultrasonic transducers from the automotive industry
- Proliferation of new technologies that are based on phased array ultrasonic transducer systems
- Growing number of research and development activities focused on the development of novel phased array ultrasonic transducer systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Phased Array Ultrasonic Transducer Market Research Report
By Type
Linear Array, Area Array, Ring Array
By Application
Hospital, Clinic, Others
By Companies
Samsung, Fujifilm, Broadsound, BK Ultrasound, Vermon NDT, Nisshinbo Holdings, Mindray Medical International, Esaote
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Phased Array Ultrasonic Transducer Market Report Segments:
The global Phased Array Ultrasonic Transducer market is segmented on the basis of:
Types
Linear Array, Area Array, Ring Array
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Samsung
- Fujifilm
- Broadsound
- BK Ultrasound
- Vermon NDT
- Nisshinbo Holdings
- Mindray Medical International
- Esaote
Highlights of The Phased Array Ultrasonic Transducer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Linear Array
- Area Array
- Ring Array
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Phased Array Ultrasonic Transducer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A phased array ultrasonic transducer is a type of acoustic transducer that uses arrays of microphones to convert sound waves into electrical signals. These signals are then processed and converted back into sound waves, which are sent out through the transducer's speaker. This technology is used in a variety of applications, including medical diagnostics and industrial inspection.
Some of the key players operating in the phased array ultrasonic transducer market are Samsung, Fujifilm, Broadsound, BK Ultrasound, Vermon NDT, Nisshinbo Holdings, Mindray Medical International, Esaote.
The phased array ultrasonic transducer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Phased Array Ultrasonic Transducer Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Phased Array Ultrasonic Transducer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Phased Array Ultrasonic Transducer Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Phased Array Ultrasonic Transducer Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Phased Array Ultrasonic Transducer Market Size & Forecast, 2020-2028 4.5.1 Phased Array Ultrasonic Transducer Market Size and Y-o-Y Growth 4.5.2 Phased Array Ultrasonic Transducer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Linear Array
5.2.2 Area Array
5.2.3 Ring Array
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Phased Array Ultrasonic Transducer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Phased Array Ultrasonic Transducer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Linear Array
9.6.2 Area Array
9.6.3 Ring Array
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Linear Array
10.6.2 Area Array
10.6.3 Ring Array
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Linear Array
11.6.2 Area Array
11.6.3 Ring Array
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Linear Array
12.6.2 Area Array
12.6.3 Ring Array
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Linear Array
13.6.2 Area Array
13.6.3 Ring Array
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Phased Array Ultrasonic Transducer Market: Competitive Dashboard
14.2 Global Phased Array Ultrasonic Transducer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung
14.3.2 Fujifilm
14.3.3 Broadsound
14.3.4 BK Ultrasound
14.3.5 Vermon NDT
14.3.6 Nisshinbo Holdings
14.3.7 Mindray Medical International
14.3.8 Esaote