Automotive Ultrasonic Technologies Market
Growth Factors of Automotive Ultrasonic Technologies Market
The Automotive Ultrasonic Technologies Market size was valued at USD 6.34 billion in 2022. The market is projected to grow from USD 6.80 billion in 2023 to USD 11.76 billion by 2030, exhibiting a CAGR of 8.1% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted global supply chains and production schedules, slowing down the car zone. However, as demand for electric powered motors (EVs) expanded in the direction of the quit of the pandemic, it caused greater adoption of ultrasonic technologies, in particular for protection functions like park help and collision avoidance. This shift towards EVs, mixed with a focal point on car automation and protection, boosted the market healing
A distinguished fashion in the automotive ultrasonic marketplace is the mixing of ultrasonic sensors with advanced motive force help systems (ADAS). These sensors are an increasing number of used for parking assistance, lane departure signals, and blind-spot detection. This fashion aligns with the broader push toward independent and linked motors, improving safety and using consolation
The upward thrust in parking concerns, specifically in city regions, is a prime driver for the automobile ultrasonic technology market. Ultrasonic sensors enable precise detection of limitations at some stage in parking, making them a vital function in modern automobiles. Additionally, the multiplied call for for IoT-based totally answers within the car industry is accelerating the deployment of such technology.
Comprehensive Analysis of Automotive Ultrasonic Technologies Market
The Automotive Ultrasonic Technologies Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by vehicle type, by application. By Vehicle Type include ICE ,Electric Vehicle. By Application include Parking Assistance System, Blind Spot Detection, Collision Avoidance System, Adaptive Cruise Control, Others.
The Europe location lead the Automotive Ultrasonic Technologies Market share percentage via benefitting a marketplace size of USD 2.04 billion European automotive manufacturers have been actively incorporating ultrasonic sensors to meet safety regulations and consumer demand for advanced driver assistance systems.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
In July 2023, Valeo, the global company of automotive era, opened a 2nd production line in Gujarat to fabricate ultrasonic sensors. The inauguration of this assembly line changed into presided over with the aid of Marc Vrecko, President of Valeo's Comfort and Driving Assistance Business Group.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 8.1% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Vehicle Type
ICE
- Passenger Vehicles
- Commercial Vehicles
By Application
Parking Assistance System
Blind Spot Detection
Collision Avoidance System
Adaptive Cruise Control
Others
By Geography
North America ( By Vehicle Type, By Application )
- U.S. ( By Vehicle Type )
- Canada ( By Vehicle Type )
- U.K. ( By Vehicle Type )
- Germany ( By Vehicle Type )
- France ( By Vehicle Type )
- Rest of Europe ( By Vehicle Type )
- China ( By Vehicle Type )
- India ( By Vehicle Type )
- Japan ( By Vehicle Type )
- South Korea ( By Vehicle Type )
- Rest of Asia Pacific ( By Vehicle Type )
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Mergers, Acquisitions and Partnerships
- 4.2. Porter’s Five Forces Analysis
- 4.3. Impact of COVID-19 on Automotive Ultrasonic Technologies Market
- 4.4. Key Industry Developments
- 5. Global Automotive Ultrasonic Technologies Market Analysis, Insights, and Forecast, 2019-2030
- 5.1. Key Findings / Definitions
- 5.2. Market Analysis, Insights, and Forecast – By Vehicle Type
- 5.2.1. ICE
- 5.2.1.1. Passenger Vehicles
- 5.2.1.2. Commercial Vehicles
- 5.2.2. Electric Vehicles
- 5.3. Market Analysis, Insights, and Forecast – By Application
- 5.3.1. Parking Assistance System
- 5.3.2. Blind Spot Detection
- 5.3.3. Collision Avoidance System
- 5.3.4. Adaptive Cruise Control
- 5.3.5. Others
- 5.4. Market Analysis, Insights, and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Rest of World
- 6. North America Automotive Ultrasonic Technologies Market Analysis, Insights, and Forecast, 2019-2030
- 6.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 6.1.1. ICE
- 6.1.1.1. Passenger Vehicles
- 6.1.1.2. Commercial Vehicles
- 6.1.2. Electric Vehicles
- 6.2. Market Analysis, Insights, and Forecast – By Application
- 6.2.1. Parking Assistance System
- 6.2.2. Blind Spot Detection
- 6.2.3. Collision Avoidance System
- 6.2.4. Adaptive Cruise Control
- 6.2.5. Others
- 6.3. Market Analysis, Insights, and Forecast – By Country
- 6.3.1. U.S.
- 6.3.1.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 6.3.2. Canada
- 6.3.2.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 7. Europe Automotive Ultrasonic Technologies Market Analysis, Insights, and Forecast, 2019-2030
- 7.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 7.1.1. ICE
- 7.1.1.1. Passenger Vehicles
- 7.1.1.2. Commercial Vehicles
- 7.1.2. Electric Vehicles
- 7.2. Market Analysis, Insights, and Forecast – By Application
- 7.2.1. Parking Assistance System
- 7.2.2. Blind Spot Detection
- 7.2.3. Collision Avoidance System
- 7.2.4. Adaptive Cruise Control
- 7.2.5. Others
- 7.3. Market Analysis, Insights, and Forecast – By Country
- 7.3.1. Germany
- 7.3.1.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 7.3.2. Italy
- 7.3.2.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 7.3.3. France
- 7.3.3.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 7.3.4. U.K.
- 7.3.4.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 7.3.5. Rest of Europe
- 7.3.5.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 8. Asia Pacific Automotive Ultrasonic Technologies Market Analysis, Insights, and Forecast, 2019-2030
- 8.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 8.1.1. ICE
- 8.1.1.1. Passenger Vehicles
- 8.1.1.2. Commercial Vehicles
- 8.1.2. Electric Vehicles
- 8.2. Market Analysis, Insights, and Forecast – By Application
- 8.2.1. Parking Assistance System
- 8.2.2. Blind Spot Detection
- 8.2.3. Collision Avoidance System
- 8.2.4. Adaptive Cruise Control
- 8.2.5. Others
- 8.3. Market Analysis, Insights, and Forecast – By Country
- 8.3.1. China
- 8.3.1.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 8.3.2. Japan
- 8.3.2.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 8.3.3. India
- 8.3.3.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 8.3.4. South Korea
- 8.3.4.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 8.3.5. Rest of Asia Pacific
- 8.3.5.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 9. Rest of World Automotive Ultrasonic Technologies Market Analysis, Insights, and Forecast, 2019-2030
- 9.1. Market Analysis, Insights, and Forecast – By Vehicle Type
- 9.1.1. ICE
- 9.1.1.1. Passenger Vehicles
- 9.1.1.2. Commercial Vehicles
- 9.1.2. Electric Vehicles
- 9.2. Market Analysis, Insights, and Forecast – By Application
- 9.2.1. Parking Assistance System
- 9.2.2. Blind Spot Detection
- 9.2.3. Collision Avoidance System
- 9.2.4. Adaptive Cruise Control
- 9.2.5. Others
- 10. Competitive Analysis
- 10.1. Global Market Ranking Analysis (2022)
- 10.2. Competition Dashboard
- 10.3. Company Profiles
- 10.3.1. Continental AG (Germany)
- 10.3.1.1. Overview
- 10.3.1.2. Products & Components
- 10.3.1.3. SWOT Analysis
- 10.3.1.4. Recent Developments
- 10.3.1.5. Strategies
- 10.3.1.6. Financials (Based on Availability)
- 10.3.2. Texas Instruments Incorporated (U.S.)
- 10.3.2.1. Overview
- 10.3.2.2. Products & Components
- 10.3.2.3. SWOT Analysis
- 10.3.2.4. Recent Developments
- 10.3.2.5. Strategies
- 10.3.2.6. Financials (Based on Availability)
- 10.3.3. Murata Manufacturing Co., Ltd (Japan)
- 10.3.3.1. Overview
- 10.3.3.2. Products & Components
- 10.3.3.3. SWOT Analysis
- 10.3.3.4. Recent Developments
- 10.3.3.5. Strategies
- 10.3.3.6. Financials (Based on Availability)
- 10.3.4. AG Electronics (India)
- 10.3.4.1. Overview
- 10.3.4.2. Products & Components
- 10.3.4.3. SWOT Analysis
- 10.3.4.4. Recent Developments
- 10.3.4.5. Strategies
- 10.3.4.6. Financials (Based on Availability)
- 10.3.5. Robert Bosch GmbH (Germany)
- 10.3.5.1. Overview
- 10.3.5.2. Products & Components
- 10.3.5.3. SWOT Analysis
- 10.3.5.4. Recent Developments
- 10.3.5.5. Strategies
- 10.3.5.6. Financials (Based on Availability)
- 10.3.6. Magna International Inc (Canada)
- 10.3.6.1. Overview
- 10.3.6.2. Products & Components
- 10.3.6.3. SWOT Analysis
- 10.3.6.4. Recent Developments
- 10.3.6.5. Strategies
- 10.3.6.6. Financials (Based on Availability)
- 10.3.7. Elmos Semiconductor SE (Germany)
- 10.3.7.1. Overview
- 10.3.7.2. Products & Components
- 10.3.7.3. SWOT Analysis
- 10.3.7.4. Recent Developments
- 10.3.7.5. Strategies
- 10.3.7.6. Financials (Based on Availability)
- 10.3.8. TDK Electronics (Germany)
- 10.3.8.1. Overview
- 10.3.8.2. Products & Components
- 10.3.8.3. SWOT Analysis
- 10.3.8.4. Recent Developments
- 10.3.8.5. Strategies
- 10.3.8.6. Financials (Based on Availability)
- 10.3.9. VALEO (France)
- 10.3.9.1. Overview
- 10.3.9.2. Products & Components
- 10.3.9.3. SWOT Analysis
- 10.3.9.4. Recent Developments
- 10.3.9.5. Strategies
- 10.3.9.6. Financials (Based on Availability)
- 10.3.10. MInpin (China)
- 10.3.10.1. Overview
- 10.3.10.2. Products & Components
- 10.3.10.3. SWOT Analysis
- 10.3.10.4. Recent Developments
- 10.3.10.5. Strategies
- 10.3.10.6. Financials (Based on Availability)
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