• Blog
  • Automotive Ultrasonic Sensors Market Report

    Automotive Ultrasonic Sensors Market Report

    Automotive Ultrasonic Sensors Market Report
    Report code - SR1762 Delivery - 2 Weeks
    Get Free Sample |
    Automotive Ultrasonic Sensors Market Size, Share & Forecast | 2022-27
    See more...

    Market Insights

    Automotive Ultrasonic Sensors Market is likely to witness an impressive CAGR of 6.2% during the forecast period. The automotive ultrasonic sensors market is driven by strict government regulations regarding emission standards and safety. Additionally, rising vehicle production and increasing use of alternative fuel vehicles are propelling the growth of the market. The growing electrification of automobiles, as well as the extensive research and development (R&D) activities in the autonomous vehicle field, is expected to drive the market growth during the forecast period.

    Automotive Ultrasonic Sensors Market – Snapshot

    Growth

    6.2 % for the next five years

    Major Application Type

    Self-Parking

    Region with the highest demand

    Asia-Pacific

    Key Players

    Aptiv PLC, Autoliv Inc., Elmos Semiconductor AG, Honeywell International Inc., Texas Instruments Inc., First Sensor AG, Baumer Holding AG, Magna International Inc., TE Connectivity Ltd., Valeo SA, and TDK Corp

     

    Wish to Get a Free Sample? Click here.

    Market Segments' Analysis

    Automotive Ultrasonic Sensors Market Share: By Application Type

    Based on the application type, the market is segmented as park assist, self-parking, and blind spot detection. The self-parking segment is expected to dominate the market during the forecast period due to increased spending on completely autonomous vehicles for advanced driver-assistance systems (ADAS) and self-parking. These sensors enable the vehicle to have more automatic control over steering, acceleration, and braking.

    Automotive Ultrasonic Sensors Market Share: By Region

    In terms of regions, Asia-Pacific is expected to remain the largest market for automotive ultrasonic sensors during the forecast period. The region is also estimated to grow at the fastest rate over the forecast period. China is expected to have the highest demand for advanced sensors and advanced driver-assistance systems (ADAS) in the coming years. This surge in demand is primarily due to the country's rapid technological advancements in autonomous vehicles. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Market Scope & Segmentation

    An ultrasonic sensor is a speaker or microphone that generates or absorbs ultrasound. There's also a system in place to regulate emissions and reception. This type of sensor can be found in parking sensors. Ultrasound sensors were first employed to identify parking barriers in autos, but they are now being developed into an automated parking system. Sonar is used by parking sensors.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Automotive Ultrasonic Sensors Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The automotive ultrasonic sensors market is segmented into the following categories

    Automotive Ultrasonic Sensors Market Size, Share, & Forecast, by Type:

    • Proximity Detection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Range Measurement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Ultrasonic Sensors Market Size, Share, & Forecast, by Vehicle Autonomy Type:

    • Semi-Autonomous Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fully-Autonomous Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Ultrasonic Sensors Market Size, Share, & Forecast, by Vehicle Type:

    • Passenger Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Ultrasonic Sensors Market Size, Share, & Forecast, by Application Type:

    • Park Assist (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Self-Parking (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Blind Spot Detection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Ultrasonic Sensors Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Some of the key players in the automotive ultrasonic sensors market are-

    • Aptiv PLC
    • Autoliv Inc.
    • Elmos Semiconductor AG
    • Honeywell International Inc.
    • Texas Instruments Inc.
    • First Sensor AG
    • Baumer Holding AG
    • Magna International Inc.
    • TE Connectivity Ltd.
    • Valeo SA
    • TDK Corporation.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across Applications. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at 
    sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Automotive Ultrasonic Sensors Market is likely to witness an impressive CAGR of 6.2% during the forecast period.

    Some of the key players in the automotive ultrasonic sensors market are Aptiv PLC, Autoliv Inc., Elmos Semiconductor AG, Honeywell International Inc., Texas Instruments Inc., First Sensor AG, Baumer Holding AG, Magna International Inc., TE Connectivity Ltd., Valeo SA, and TDK Corporation.

    Asia-Pacific is expected to remain the largest market for automotive ultrasonic sensors during the forecast period.

    The self-parking segment is expected to dominate the market during the forecast period.

    Asia-Pacific is estimated to grow at the fastest rate over the forecast period.

    •   

      Why are We Class Apart?

      We Track Fast-Changing Market Dynamics for Clients

      Our Intelligence is Powered by Industry Voice

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      We Serve Companies Across the Value Chain

      Know High Growth Opportunities