P&S Intelligence credits the increasing focus on road safety as a key factor to propel the ultrasonic sensor market size from $4.1 billion in 2019 to $12.1 billion by 2030, at a healthy 10.2% CAGR during 2020–2030 (forecast period). This is because parking assist and objection detection ADASs emit ultrasound, or ultrasonic waves, which is sound with a frequency higher than 20 kilohertz (kHz), and then wait for the sensor to detect the waves, as they rebound from nearby objects. The time difference between the emission of the wave and its detection by the ultrasonic sensor gives an idea of the distance between two objects. Under the application segment, the ultrasonic sensor market is categorized into distance measurement, level measurement, loop control, object & pallet detection, diameter measurement, and others. Moreover, the demand for smart farming equipment is growing on account of the booming regional population. Get the Sample Copy of this Report @ https://www.psmarketr...