Stratview Research publishes a new report titled Automotive Ultrasonic Sensors Market which is segmented by Type (Proximity Detection and Range Measurement), by Vehicle Autonomy Type (Semi-Autonomous Vehicle and Fully-Autonomous Vehicle), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Application Type (Park Assist, Self-Parking, and Blind Spot Detection), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Saudi Arabia, Brazil, and Others]).

Market Insights

The global Automotive Ultrasonic Sensors Market  is likely to witness an impressive CAGR of 6.2% during the forecast period. The automotive ultrasonic sensors market is driven by strict government regulations regarding emission standards and safety. Additionally, rising vehicle production and increasing use of alternative fuel vehicles are propelling the growth of the market. 

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Key players active in the market –

The following are some of the key players in the AUTOMOTIVE ULTRASONIC SENSORS Market:

  • Aptiv PLC
  • Autoliv Inc.
  • Elmos Semiconductor AG
  • Honeywell International Inc.
  • Texas Instruments Inc.
  • First Sensor AG
  • Baumer Holding AG
  • Magna International Inc.

Global Automotive Ultrasonic Sensors Market Report Segments:

The Automotive Ultrasonic Sensors Market is segmented into the following categories:

 Application Type

Based on the application type, the market is segmented as park assist, self-parking, and blind spot detection. The self-parking segment is expected to dominate the market during the forecast period due to increased spending on completely autonomous vehicles for advanced driver-assistance systems (ADAS) and self-parking.

By Region

In terms of regions, Asia-Pacific is expected to remain the largest market for automotive ultrasonic sensors during the forecast period. The region is also estimated to grow at the fastest rate over the forecast period. China is expected to have the highest demand for advanced sensors and advanced driver-assistance systems (ADAS) in the coming years.

Why is this report beneficial?

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

It also offers –

  • Market Overview
  • Key Manufacturers Profiles
  • Market Analysis by Region
  • Market Segment by Type
  • Market Segment by Application
  • Raw Material and Supply Chain
  • Other Key Research Findings

All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.

Customization of the report –

At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.

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