Market Overview:
Ultrasonic sensors are used to detect the presence of an object and its distance from the sensor. These sensors emit ultrasonic waves and measure the time it takes for these waves to return after reflecting off of an object. This information is then used to calculate the distance between the sensor and the object. Ultrasonic sensors are available in both open aperture and closed aperture types. Closed aperture ultrasonic sensors have a smaller sensing range as compared to open aperture ultrasonic sensors, but they offer better accuracy and resolution. The global market for ultrasonic Sensors for vehicles is expected to grow at a CAGR of 7% during 2018-2030. The growth of this market can be attributed to increasing demand for advanced safety features in passenger cars as well as commercial vehicles. Additionally, growing awareness about vehicle safety among consumers is also contributing towards growth of this market.
Product Definition:
Ultrasonic sensors are used in vehicles to measure the distance between the car and an object in front of it. This information is used by the car's computer to determine how much braking is necessary for a safe stop.
Closed Aperture Type:
Closed aperture type is a transducer that generates an ultrasonic signal and measures the time taken for the sound wave to travel through the material. The sensor works on mechanical principles and utilizes a transducer to generate ultrasonic pulses and measure time lapses between their transmission and reception.
The major advantage of using this technology is that it provides highly accurate measurement even in closed systems, where no signals can be received or transmitted externally.
Open Aperture Type:
Open aperture type is a transducer design that uses a single element to convert acoustic energy into ultrasonic signals. It has been used in various applications such as automotive sensors, home security systems, and medical ultrasound imaging. In the case of automotive sensors, it is used for airbag deployment and tire pressure monitoring system (TMS). In the case of medical ultrasound imaging open-aperture transducers are employed for real-time monitoring of blood vessels without using probes.
Application Insights:
Passenger cars application segment accounted for the largest market share in 2017 and is expected to continue leading over the forecast period. Ultrasonic sensors offer several advantages including; they are compact, lightweight, have a long range of detection, can be used on wet roads and highways as well as in low-light conditions. The growing preference for using these devices instead of traditional mechanical switches or knobs is also propelling their demand from passenger cars applications.
The commercial vehicles application segment is estimated to witness significant growth over the forecast period owing to increasing adoption by transport companies such as taxi operators, logistics firms and bus services among others that need highly sensitive equipment for monitoring vehicle inventory and tracking stolen vehicles among other uses. ultrasonic sensors provide an easy solution by enabling real-time tracking of assets across multiple platforms thereby driving their demand from this sector.
Regional Analysis:
Asia Pacific region is expected to witness the highest CAGR of XX% during the forecast period. The growth can be attributed to increasing demand for passenger cars and commercial vehicles in countries such as China, India, Japan, South Korea, and Taiwan. The regional market has observed a significant increase in sales of premium cars with high audio capabilities since 2010s. This trend is projected to continue over the next eight years due to growing purchasing power of consumers and rising disposable income levels in developing economies such as China and India.
The Middle East & Africa (MEA) ultrasonic sensors market accounted for more than 10% share owing to increasing investments by OEMs in vehicle development activities coupled with rising consumer preference for luxury vehicles equipped with advanced safety systems including driver assistance features including adaptive cruise control (ACC), lane departure warning system (LDWS), blind-spot detection system (BSDS), emergency automatic braking system etc.
Growth Factors:
- Increasing demand for ultrasonic sensors in the automotive industry for advanced safety features and collision avoidance systems.
- Growing popularity of autonomous and semi-autonomous vehicles, which require a large number of ultrasonic sensors for obstacle detection and mapping.
- Rapid advancements in sensor technology that are making ultrasonic sensors smaller, cheaper, and more efficient than ever before.
- Rising demand from emerging markets such as China and India for low-cost ultrasonic sensors to be used in entry-level vehicles.
- Proliferation of driver assistance systems (DAS) such as lane departure warning (LDW), blind spot detection (BSD), forward collision warning (FCW), etc., which use ultrasonic sensors to improve safety on the road
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultrasonic Sensors for Vehicle Market Research Report
By Type
Closed Aperture Type, Open Aperture Type
By Application
Passenger Cars, Commercial Vehicles
By Companies
Bosch, Valeo, Murata, NICERA, Audiowell, Coligen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Ultrasonic Sensors for Vehicle Market Report Segments:
The global Ultrasonic Sensors for Vehicle market is segmented on the basis of:
Types
Closed Aperture Type, Open Aperture Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Valeo
- Murata
- NICERA
- Audiowell
- Coligen
Highlights of The Ultrasonic Sensors for Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Closed Aperture Type
- Open Aperture Type
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ultrasonic Sensors for Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ultrasonic sensors are used in vehicles to detect obstacles and other objects.
Some of the key players operating in the ultrasonic sensors for vehicle market are Bosch, Valeo, Murata, NICERA, Audiowell, Coligen.
The ultrasonic sensors for vehicle market is expected to grow at a compound annual growth rate of 7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ultrasonic Sensors for Vehicle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ultrasonic Sensors for Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ultrasonic Sensors for Vehicle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ultrasonic Sensors for Vehicle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ultrasonic Sensors for Vehicle Market Size & Forecast, 2020-2028
4.5.1 Ultrasonic Sensors for Vehicle Market Size and Y-o-Y Growth
4.5.2 Ultrasonic Sensors for Vehicle Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Closed Aperture Type
5.2.2 Open Aperture Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ultrasonic Sensors for Vehicle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ultrasonic Sensors for Vehicle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Closed Aperture Type
9.6.2 Open Aperture Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Closed Aperture Type
10.6.2 Open Aperture Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Closed Aperture Type
11.6.2 Open Aperture Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Closed Aperture Type
12.6.2 Open Aperture Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Closed Aperture Type
13.6.2 Open Aperture Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ultrasonic Sensors for Vehicle Market: Competitive Dashboard
14.2 Global Ultrasonic Sensors for Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Valeo
14.3.3 Murata
14.3.4 NICERA
14.3.5 Audiowell
14.3.6 Coligen
