Report Feature
The future of the global automotive ultrasonic sensor market looks promising with opportunities in park assist, self-parking, and blind spot detection applications. The global automotive ultrasonic sensor market is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow 5%-7% from 2021 to 2026. The major drivers for this market are rise in customer demand for safety and comfort in cars, research and development (R&D) activities in the field of autonomous vehicle, and rise in demand for advanced driver-assistance systems (ADAS) in semi-autonomous vehicles.
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The study includes trends and forecast for the global automotive ultrasonic sensor market by vehicle autonomy, type, vehicle type, application, and region as follows:
By Vehicle Autonomy [Value ($ Million) from 2015 to 2026]:
- Semi-Autonomous Vehicle
- Fully-Autonomous Vehicle
By Type [Value ($ Million) from 2015 to 2026]:
- OEM
- Aftermarket
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
- Passenger Car
- Commercial Vehicle
By Application [Value ($ Million) from 2015 to 2026]:
- Park Assist
- Self-Parking
- Blind Spot Detection
By Region [Value ($ Million) and Volume (Thousand Tons) from 2015 to 2026]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- APAC
- China
- India
- Japan
- ROW
- Middle East
- Brazil
Some of the automotive ultrasonic sensor companies profiled in this report include 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.
Lucintel forecasts that passenger car will remain the largest segment and it is also expected to witness the highest growth over the forecast period because of rising demand for safety features in passenger cars and increasing production of passenger cars globally.
Within the global automotive ultrasonic sensor market, the self-parking segment is expected to witness the highest growth over the forecast period due to increase in expenditure on fully autonomous vehicle for advanced driver-assistance system (ADAS and for self parking it receives the location information then these sensors allow the vehicle to exercise greater automatic control on steering, acceleration, and braking.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period. China is expected to register the highest demand for advanced sensors, and advanced driver-assistance system (ADAS) in the coming years. This is mainly due to the rapid increase in the technological innovations in autonomous vehicles in the country.
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Features of the Global Automotive Ultrasonic Sensor Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global automotive ultrasonic sensor market by vehicle autonomy (semi-autonomous vehicle, and fully-autonomous vehicle), type (OEM, and aftermarket), vehicle type (passenger car, and commercial vehicle), application (park assist, self-parking and blind spot detection), and region (North America, Europe, Asia Pacific, and the Rest of the World? Q.2 Which segments will grow at a faster pace and why? Q.3 Which region will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global automotive ultrasonic sensor market? Q.5 What are the business risks and threats to the global automotive ultrasonic sensor market? Q.6 What are emerging trends in this automotive ultrasonic sensor market and the reasons behind them? Q.7 What are some changing demands of customers in the automotive ultrasonic sensor market? Q.8 What are the new developments in the automotive ultrasonic sensor market? Which companies are leading these developments? Q.9 Who are the major players in the automotive ultrasonic sensor market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the automotive ultrasonic sensor market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the global automotive ultrasonic sensor market? |
| Key Features | Description |
| Base Year for Estimation | 2020 |
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Trend Period (Actual Estimates) |
2015-2020 |
| Forecast Period | 2021-2026 |
| Pages | More than 150 page |
| Market Representation / Units | Revenue in US $ Million |
| Regional Scope | North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil) |
| Report Coverage | Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
| Market Segments | Vehicle Autonomy (Semi-Autonomous Vehicle, And Fully-Autonomous Vehicle), Type (OEM, And Aftermarket), Vehicle Type (Passenger Car, And Commercial Vehicle), Application (Park Assist, Self-Parking And Blind Spot Detection) |
| Customization | 10% Customization without Any Additional Cost |
Table of Contents
1. Executive Summary
7.2 Emerging Trends in the Global Automotive Ultrasonic Sensor Market
4.1 Global Automotive Ultrasonic Sensor Market by Region
4.2.1 Market by Vehicle Type: Passenger Car, and Commercial Vehicle
4.2.2 Market by Vehicle Autonomy: Semi-Autonomous Vehicle, Fully-Autonomous Vehicle
4.2.3 Market by Type: OEM, and aftermarket
4.2.4 Market by Application: Park Assist, Self-Parking, Blind Spot Detection
4.2.5 The US Automotive Ultrasonic Sensor Market
4.2.6 Canadian Automotive Ultrasonic Sensor Market
4.2.7 Mexican Automotive Ultrasonic Sensor Market
4.3.1 Market by Vehicle Type: Passenger Car, and Commercial Vehicle
4.3.2 Market by Vehicle Autonomy: Semi-Autonomous Vehicle, Fully-Autonomous Vehicle
4.3.3 Market by Type: OEM, and aftermarket
4.3.4 Market by Application: Park Assist, Self-Parking, Blind Spot Detection
4.3.5 Automotive Ultrasonic Sensor Market of the United Kingdom
4.3.6 German Automotive Ultrasonic Sensor Market
4.4.1 Market by Vehicle Type: Passenger Car, and Commercial Vehicle
4.4.2 Market by Vehicle Autonomy: Semi-Autonomous Vehicle, Fully-Autonomous Vehicle
4.4.3 Market by Type: OEM, and aftermarket
4.4.4 Market by Application: Park Assist, Self-Parking, Blind Spot Detection
4.4.5 Chinese Automotive Ultrasonic Sensor Market
4.4.6 Japanese Automotive Ultrasonic Sensor Market
4.4.7 Indian Automotive Ultrasonic Sensor Market
4.5.1 Market by Vehicle Type: Passenger Car, and Commercial Vehicle
4.5.2 Market by Vehicle Autonomy: Semi-Autonomous Vehicle, Fully-Autonomous Vehicle
4.5.3 Market by Type: OEM, and aftermarket
4.5.4 Market by Application: Park Assist, Self-Parking, Blind Spot Detection
4.5.5 Middle Eastern Automotive Ultrasonic Sensor Market
4.5.6 Brazilian Automotive Ultrasonic Sensor Market
7.1.1 Growth Opportunities for the Global Automotive Ultrasonic Sensor Market by Vehicle Type
7.1.2 Growth Opportunities for the Global Automotive Ultrasonic Sensor Market by Vehicle Autonomy
7.1.3 Growth Opportunities for the Global Automotive Ultrasonic Sensor Market by
7.1.4 Growth Opportunities for the Global Automotive Ultrasonic Sensor Market by Application
7.1.5 Growth Opportunities for the Global Automotive Ultrasonic Sensor Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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