Automotive Ultrasonic Sensors Market, by Type (Proximity Detection and Range Measurement), Vehicle Autonomy Type (Semi-Autonomous Vehicle and Fully-Autonomous Vehicle), Vehicle Type (Passenger Cars and Commercial Vehicles), Application Type (Park Assist, Self-Parking, and Blind Spot Detection), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Automotive Ultrasonic Sensors Market, by Type (Proximity Detection and Range Measurement), Vehicle Autonomy Type (Semi-Autonomous Vehicle and Fully-Autonomous Vehicle), Vehicle Type (Passenger Cars and Commercial Vehicles), Application Type ...
The automotive ultrasonic sensors market is likely to witness an impressive CAGR of 6.2% during the forecast period.
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.
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
Segment Analysis
Application Insights
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.
Regional Trends
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.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Automotive Ultrasonic Sensors Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Target Audience
Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-
Distributors
Suppliers
Manufacturers
Logistics organizations
Government bodies
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-
By Type:
Proximity Detection
Range Measurement
By Vehicle Autonomy Type:
Semi-autonomous vehicle
Fully-Autonomous Vehicle
By Vehicle Type:
Passenger Cars
Commercial Vehicles
By Application Type:
Park Assist
Self-Parking
Blind Spot Detection
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)
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.
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Company Profiling
Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking
Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances
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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.
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.
