Automotive Ultrasonic Sensors Market Opportunities, And Top Key Players Analysis

Automotive Ultrasonic Sensors Market Size, Segments, Emerging
Technologies and Market Growth by Forecast to 2030
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The World Health Organization (WHO) estimates the annual mortality associated with road
accidents at 1.35 million at least. It is common knowledge that humans are themselves
responsible for most such mishaps, by over-speeding, not keeping their eyes on the road, or
talking on the phone while driving. This is why several countries in Europe and the two in
North America are mandating the installation of advanced driver assistance systems (ADAS)
that can aid the human drivers and reduce the likelihood of a road crash.
As per P&S Intelligence, the increasing focus on making roads and vehicles safer will help in
the growth of the automotive ultrasonic sensors market from $3,461.9 million in 2019 to
$6,096.2 million in 2030, at a 5.1% CAGR between 2020 and 2030. This is because several
types of ADASs, such as blind spot detection systems and self-parking systems, depend on
ultrasonic sensors to determine the distance between the vehicle and another object.
Moreover, with the increasing demand for self-driving vehicles with level 1, 2, and 3
autonomy, the installation of ultrasonic-sensor-driven ADAS is rising.
In this regard, a lot of countries are taking initiatives to allow for the functioning of semiautonomous
vehicles and encourage research, development, and testing activities for fully
autonomous vehicles, which are those with level 4 and 5 autonomy. For instance, the
Directorate General of Traffic (DGT) of Spain has allowed the operation of cars with up to
level 5 autonomy. Similarly, in 2017, 33 U.S. states implemented vehicle-autonomy-related
legislations, followed by 15 more the next year. Apart from implementing legislations,
governments are working with automakers and automotive technology vendors to get their
transportation infrastructure ready, which would fuel the demand for automotive ultrasonic
sensors.
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Similarly, automotive technology vendors, on their part, are making efforts to increase the
efficiency of these instruments. The biggest disadvantage with automotive ultrasonic sensors
currently is that they are not effective beyond a speed of 10 kilometers per hour. With the
demand for vehicles with higher speeds rising, extensive R&D is being conducted to make
these sensors functional at higher speeds. This is also important because on highways, people
generally drive at higher speeds, which is one of the biggest causes of road accidents.
This is one of the reasons ultrasonic sensors are majorly integrated in passenger cars. Further,
any new advancement in the automotive technology is first deployed in passenger cars, which
account for over 70% of the automobiles produced around the world. In the coming years, the
installation rate of ultrasonic sensors will rise rapidly in commercial cars, with the growing
demand for freight transportation services. Fleet owners are expected to purchase trucks and
buses with these instruments to improve their logistics and public transportation operations.
As a result of all these reasons and the immense government support for autonomous vehicles,
Europe has been the largest automotive ultrasonic sensors market for quite some time now. In
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addition, the continent is home to several luxury carmakers, including Volkswagen AG,
BMW AG, Fiat Chrysler Automobiles NV, Daimler AG, and Renault–Nissan–Mitsubishi
Alliance, who are introducing these instruments in their vehicles. In the years to come, the
installation of ultrasonic sensors will burgeon in Asia-Pacific (APAC), which is the largest
automotive producer in the world.
Thus, as autonomous vehicles become more popular and focus on road and automobile safety
increases, so will the demand for ultrasonic sensors.
Market Segmentation by Vehicle Autonomy
Semi-Autonomous Vehicle
o Level 1
o Level 2
o Level 3
Fully-Autonomous Vehicle
o Level 4
o Level 5
Market Segmentation by Vehicle Type
o
o
o
o
Passenger Car
Conventional fuel car
Alternative fuel car
Commercial Vehicle
Light commercial vehicle (LCV)
Medium and heavy commercial vehicle (M&HCV)
Market Segmentation by Type
Proximity Detection
Range Measurement
Market Segmentation by Application
Park Assist
Self-Parking
Blind Spot Detection (BSD)
Others
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Market Segmentation by Region
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o
o
o
o
o
o
o
o
o
o
o
o
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North America Automotive Ultrasonic Sensors Market
By vehicle autonomy
By vehicle type
By type
By application
By country – U.S. and Canada
Europe Automotive Ultrasonic Sensors Market
By vehicle autonomy
By vehicle type
By type
By application
By country – Germany, U.K., France, Italy, Spain, Netherlands, and Rest of Europe
Asia-Pacific (APAC) Automotive Ultrasonic Sensors Market
By vehicle autonomy
By vehicle type
By type
By application
By country – China, Japan, India, South Korea, and Rest of APAC
Latin America, Middle East, and Africa (LAMEA) Automotive Ultrasonic Sensors Market
By vehicle autonomy
By vehicle type
By type
By application
By country – Brazil, Mexico, South Africa, and Rest of LAMEA
This study covers
1. Historical and the present size of the Automotive Ultrasonic Sensors Market
2. Future potential of the market through its forecast for the period 2020– 2030
3. Historical and the present size of the market segments and understand their
comparative future potential
4. Potential of on-demand logistics services, so the market players make informed
decisions on the sales of their offerings
5. Competitive scenario of various market segments across key countries in several
regions for uncovering market opportunities for the stakeholders
6. Major players operating in the market and their service offerings
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