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Global Automotive Ultrasonic Technologies Market to reach USD 3.19 billion by the end of 2030.

Global Automotive Ultrasonic Technologies Market Size study & Forecast, by Type (Proximity Detection, Range Measurement), by Application (Parking Assistance System, Blind Spot Detection, Others), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles) and Regional Analysis, 2023-2030

Product Code: ALTAMC-27655060
Publish Date: 10-01-2024
Page: 200

Global Automotive Ultrasonic Technologies Market is valued at approximately USD 1.66 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 2023-2030. Automotive ultrasonic technologies are the application of ultrasonic waves in the automotive industry for various purposes, predominantly in the development of Advanced Driver-Assistance Systems (ADAS) and other safety features. Ultrasonic sensors, which operate at frequencies beyond the range of human hearing, are employed to detect objects, measure distances, and assist in parking, collision avoidance, and blind-spot monitoring. These sensors emit ultrasonic waves that bounce off surrounding objects, and the returning signals are analyzed to determine the object’s distance and location. The Automotive Ultrasonic Technologies Market is expanding because of factors such as increasing demand for Advanced Driver-Assistance Systems (ADAS), the growing trend of autonomous and electric vehicles and rising vehicle production and sales.

The overall growth in global vehicle production and sales is a key driver for the Automotive Ultrasonic Technologies Market. As more vehicles are equipped with ultrasonic sensors as standard or optional features, the market for these technologies expands. The International Energy Agency estimates that there were more than 16.5 million electric vehicles in use worldwide in 2021, an increase of 61% is 10.2 million units in the year 2020. Moreover, according to the European Automobile Manufacturers Association, In the year 2022, around 85.4 million motor vehicles were produced worldwide which indicated an increase of 5.7% compared to the year 2021. Rising vehicle sales and production are driving the market growth. In addition, the increase in parking concerns across the globe and stringent government regulation on the adoption of automated systems are creating new opportunities for market growth. However, the high cost of Automotive Ultrasonic Technologies stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Automotive Ultrasonic Technologies Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to rising technological advancement, rising adoption of autonomous vehicles, and rising demand for connected vehicles in the region. Europe is expected to grow at the fastest rate over the forecast period, owing to factors such as rising vehicle production, rising demand for electric vehicles, and rising development of ADAS technologies in the region.

Major market player included in this report are:
Aisin Corporation
Continental AG
Denso Corporation
Hyundai Mobis Co. Ltd.
Magna International Inc
Murata Manufacturing Co. Ltd.
Robert Bosch GMBH
TDK Corp.
Elmos Semiconductor SE
Valeo SA.

Recent Developments in the Market:
Ø In July 2023, Valeo, a leading global automotive technology provider, inaugurated a second production line in Gujarat dedicated to the manufacturing of ultrasonic sensors. The opening of this assembly line was officiated by Marc Vrecko, President of Valeo’s Comfort and Driving Assistance Business Group.
Ø In June 2023, Murata Manufacturing Co., Ltd. introduced a ultrasonic sensor device specifically crafted for automotive purposes. Named the MA48CF15-7N, this sensor boasts outstanding sensitivity and rapid response times, housed within a hermetically sealed package to protect against liquid infiltration.

Global Automotive Ultrasonic Technologies Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Vehicle Type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Proximity Detection
Range Measurement

By Application:
Parking Assistance System
Blind Spot Detection
Others

By Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Automotive Ultrasonic Technologies Market, by Region, 2020-2030 (USD Billion)
1.2.2. Automotive Ultrasonic Technologies Market, by Type, 2020-2030 (USD Billion)
1.2.3. Automotive Ultrasonic Technologies Market, by Application, 2020-2030 (USD Billion)
1.2.4. Automotive Ultrasonic Technologies Market, by Vehicle Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Ultrasonic Technologies Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Ultrasonic Technologies Market Dynamics
3.1. Automotive Ultrasonic Technologies Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for Advanced Driver-Assistance Systems (ADAS)
3.1.1.2. Growing trend of autonomous and electric vehicles
3.1.1.3. Rising vehicle production and sales
3.1.2. Market Challenges
3.1.2.1. High Cost of Automotive Ultrasonic Technologies
3.1.3. Market Opportunities
3.1.3.1. Increase in parking concern across the globe
3.1.3.2. Stringent government regulation on adoption of automotive system
Chapter 4. Global Automotive Ultrasonic Technologies Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Ultrasonic Technologies Market, by Type
5.1. Market Snapshot
5.2. Global Automotive Ultrasonic Technologies Market by Type, Performance – Potential Analysis
5.3. Global Automotive Ultrasonic Technologies Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Automotive Ultrasonic Technologies Market, Sub Segment Analysis
5.4.1. Proximity Detection
5.4.2. Range Measurement
Chapter 6. Global Automotive Ultrasonic Technologies Market, by Application
6.1. Market Snapshot
6.2. Global Automotive Ultrasonic Technologies Market by Application, Performance – Potential Analysis
6.3. Global Automotive Ultrasonic Technologies Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Automotive Ultrasonic Technologies Market, Sub Segment Analysis
6.4.1. Parking Assistance System
6.4.2. Blind Spot Detection
6.4.3. Others
Chapter 7. Global Automotive Ultrasonic Technologies Market, by Vehicle Type
7.1. Market Snapshot
7.2. Global Automotive Ultrasonic Technologies Market by Vehicle Type, Performance – Potential Analysis
7.3. Global Automotive Ultrasonic Technologies Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
7.4. Automotive Ultrasonic Technologies Market, Sub Segment Analysis
7.4.1. Passenger Cars
7.4.2. Light Commercial Vehicles
7.4.3. Heavy Commercial Vehicles
7.4.4. Electric Vehicles
Chapter 8. Global Automotive Ultrasonic Technologies Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Automotive Ultrasonic Technologies Market, Regional Market Snapshot
8.4. North America Automotive Ultrasonic Technologies Market
8.4.1. U.S. Automotive Ultrasonic Technologies Market
8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
8.4.1.3. Vehicle Type breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Automotive Ultrasonic Technologies Market
8.5. Europe Automotive Ultrasonic Technologies Market Snapshot
8.5.1. U.K. Automotive Ultrasonic Technologies Market
8.5.2. Germany Automotive Ultrasonic Technologies Market
8.5.3. France Automotive Ultrasonic Technologies Market
8.5.4. Spain Automotive Ultrasonic Technologies Market
8.5.5. Italy Automotive Ultrasonic Technologies Market
8.5.6. Rest of Europe Automotive Ultrasonic Technologies Market
8.6. Asia-Pacific Automotive Ultrasonic Technologies Market Snapshot
8.6.1. China Automotive Ultrasonic Technologies Market
8.6.2. India Automotive Ultrasonic Technologies Market
8.6.3. Japan Automotive Ultrasonic Technologies Market
8.6.4. Australia Automotive Ultrasonic Technologies Market
8.6.5. South Korea Automotive Ultrasonic Technologies Market
8.6.6. Rest of Asia Pacific Automotive Ultrasonic Technologies Market
8.7. Latin America Automotive Ultrasonic Technologies Market Snapshot
8.7.1. Brazil Automotive Ultrasonic Technologies Market
8.7.2. Mexico Automotive Ultrasonic Technologies Market
8.8. Middle East & Africa Automotive Ultrasonic Technologies Market
8.8.1. Saudi Arabia Automotive Ultrasonic Technologies Market
8.8.2. South Africa Automotive Ultrasonic Technologies Market
8.8.3. Rest of Middle East & Africa Automotive Ultrasonic Technologies Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Aisin Corporation
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Continental AG
9.3.3. Denso Corporation
9.3.4. Hyundai Mobis Co. Ltd.
9.3.5. Magna International Inc.
9.3.6. Murata Manufacturing Co. Ltd.
9.3.7. Robert Bosch GMBH
9.3.8. TDK Corp.
9.3.9. Elmos Semiconductor SE
9.3.10. Valeo SA.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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