Global Automotive Ultrasonic Radar Market Growth 2023-2029

Global Automotive Ultrasonic Radar Market Growth 2023-2029

The sensor is the eye of the car, throughout the driverless.At present, we are still in the phase of assisted driving and semi-automatic driving, the loading rate of ADAS is accelerating, and the market demand for automatic and intelligent parking, cameras, millimeter wave radar, night vision, ultrasonic radar and other sensors are entering a period of rapid growth.In the past few years, automotive ultrasonic sensors have been greatly developed. In 2018, the production of automotive ultrasonic sensors reached about 3.39 million. By 2025, the global production of automotive ultrasonic radar will reach about 6 million.Europe is the largest producer, followed by North America.In 2018, Europe produced about 29 percent of global production, North America about 24 percent, and Japan about 21 percent.In terms of the consumer market, Europe and China are the world's largest consumer markets. In 2018, Europe consumed 27% of global consumption, China about 25% of global consumption, and North America about 21% of global consumption.In terms of product types, the business modes of automotive ultrasonic sensors can be divided into OEM mode and AM mode. OEM mode refers to the mode of directly providing parts and accessories for the vehicle manufacturers, and AM mode refers to the mode of market sales for after-sales service market, that is, maintenance, replacement and upgrading of auto parts.OEM accounts for 85% of the market;From the perspective of product application, automotive ultrasonic sensors can be used in passenger cars and commercial vehicles, and passenger cars are the main application field.Major global automotive ultrasonic sensor companies include: Valeo, Bosch, Nicera, Murata, Audiowell, Coligen (China) Corp. and other multinational companies, which account for about 80% of the global market.Valeo accounts for about 30 per cent, with Bosch in second place.
LPI (LP Information)' newest research report, the “Automotive Ultrasonic Radar Industry Forecast” looks at past sales and reviews total world Automotive Ultrasonic Radar sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Ultrasonic Radar sales for 2023 through 2029. With Automotive Ultrasonic Radar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Ultrasonic Radar industry.
This Insight Report provides a comprehensive analysis of the global Automotive Ultrasonic Radar landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Ultrasonic Radar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Ultrasonic Radar market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Ultrasonic Radar and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Ultrasonic Radar.
The global Automotive Ultrasonic Radar market size is projected to grow from US$ 545.6 million in 2022 to US$ 946.9 million in 2029; it is expected to grow at a CAGR of 946.9 from 2023 to 2029.
Global Automotive Ultrasonic Radar key players include Valeo, Bosch, Nicera, etc. Global top three manufacturers hold a share over 65%.
Europe is the largest market, with a share about 30%, followed by China, and North America, both have a share about 40 percent.
In terms of product, OEM is the largest segment, with a share about 80%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Ultrasonic Radar market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
OEM
Aftermarket
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Valeo
Bosch
Nicera
Japan Murata
Audiowell Electronics(Guangdong)Co.,Ltd.
Coligen (China) Corp.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Ultrasonic Radar market?
What factors are driving Automotive Ultrasonic Radar market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Ultrasonic Radar market opportunities vary by end market size?
How does Automotive Ultrasonic Radar break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.