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According to market research study published by our report Company, the global automotive ultrasonic technologies market stood at around USD 1,108 million in 2020 and is projected to rise to a worth of USD 1,862 million by 2027 end, thereby garnering a CAGR of 7.7% during 2021-2027.
Along with R&D, new product launches, mergers and acquisitions, agreements, collaborations, partnerships, joint ventures, and the local improvement of basic competition operating within the market on a global and local scale, the studies also include major strategic trends.
Ultrasonic sensing is usually used for short-distance applications at low speeds, such as park assist, self-parking, and blind-spot detection.
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The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global automotive ultrasonic technologies market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the automotive ultrasonic technologies industry.
The automotive ultrasonic technologies market is segmented on the basis of type, application, vehicle type, and region. The automotive ultrasonic technologies market is segmented as below:
By type:
proximity sensing
distance measurement
By application:
parking assist
blind spot detection
others
By vehicle type:
passenger cars
commercial vehicles
electric vehicles
By region:
region
Asia Pacific
Europe
North America
Rest of the World (RoW)
The report has also analysed the competitive landscape of the global automotive ultrasonic technologies market with some of the key players being Aisin Corporation, Continental AG, DENSO Corporation, Elmos Semiconductor SE, Hyundai Mobis Co., Ltd., Magna International Inc., Murata Manufacturing Co., Ltd., Robert Bosch GmbH, TDK Corporation, Valeo S.A., among others.
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