About This Report

Automotive Ultrasonic Technologies Market, by Type (Proximity Detection, and Range Measurement), by Application (Blind Spot Detection, Park Assist, and Others), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Electric Vehicles), and by Region (North America, South America, Europe, Asia Pacific, The Middle East and Africa) - Size, Share, COVID Impact Analysis, Growth, Outlook, and Opportunity Analysis, 2020 - 2028

The term "automotive ultrasonic technologies" refers to the use of ultrasonic waves in a variety of automotive-related applications. High-frequency sound waves, also known as ultrasonic waves occur beyond the 20 kHz threshold of human hearing. Ultrasonic technology is utilised in the automotive sector for a number of functions, including object identification, parking assistance, and accident prevention. Parking assistance is one of the most frequently used applications of ultrasonic technology in automobiles. Automotive ultrasonic technologies are a crucial component of today's safety systems for vehicles. These technologies can assist drivers in avoiding collisions and navigating their automobiles more securely by utilising ultrasonic sensors and waves.
In 2020, the Automotive Ultrasonic Technologies market was valued at US$ XX million, and it is anticipated to be around US$ XX million by 2027. Over the forecast period, the market is expected to grow at a CAGR of XX%.

Increasing adoption of electric and hybrid vehicles, and the growing demand for advanced driver assistance systems are drivers while, high cost is a restraint

The market for automotive ultrasonic technology is expanding as a result of the increasing use of electric and hybrid automobiles. Ultrasonic sensors are needed for protection and guidance in electric and hybrid vehicles, which is propelling the demand for automotive ultrasonic technology. Ultrasonic sensors are one of the key components of the electric vehicle solutions. Companies are lunching and developing ultrasonic sensors. For instance, Continental AG, has introduced the advanced ultrasonic sensors for the usage in parking assistance and collision avoidance systems in electric and hybrid vehicles. Continental's ultrasonic sensors have a detection range of up to 8 metres.
Moreover, Automotive ultrasonic technologies are growing because of the rising need for advanced driver assistance systems (ADAS) in automobiles. The need for automobile ultrasonic technologies is rising as ADAS systems increasingly rely on ultrasonic sensors to identify objects and gauge distances. The leading companies in the sector offers ultrasonic sensors as a component of their ADAS solutions. For instance, Bosch Automotive introduced the ultrasonic sensors that are utilised in lane departure assistance, blind spot recognition, and parking assistance systems. They can detect objects up to 5 metres away.
However, the market for automotive ultrasonic technologies is significantly constrained by the expensive nature of ultrasonic technology, which prevents price-conscious consumers from adopting it. The costly price of ultrasonic sensors may prevent consumers from purchasing them, especially in developing economies.

Park Assist segment is expected to account for significant market share by Application segment

The global Automotive Ultrasonic Technologies market is mainly classified based on Type, Application, and Vehicle Type. Based on the type, the market is segmented into proximity detection, and range measurement. On the basis of application, the market is classified into Blind spot detection, park assist, and others. By vehicle type, the market is categorized into passenger cars, light commercial vehicles, heavy commercial vehicles, electric vehicles
Based on the application, the market for automotive ultrasonic technology is anticipated to be dominated by the park assist segment. This is a result of rising demand for automated parking solutions and the growing deployment of advanced driver assistance systems (ADAS). Governments from all around the world had made statements about the introduction of infrastructure for smart cities. For instance, the Indian government established the Smart Cities Mission in 2021 with the goal of creating 100 smart cities around the nation. Several cities are using smart parking systems as part of this endeavour to lessen traffic congestion and enhance parking management. Such intelligent parking systems rely on ultrasonic sensors to enable autonomous parking and minimise the need for human interaction.
In order to enhance the driving experience and promote safety, numerous automakers are also adding park assist functions to their models. For instance, BMW debuted its brand-new iDrive 8 system in 2021. This system has an advanced parking aid feature that employs ultrasonic sensors to detect objects and park the car in confined areas. Similar to this, the Park Assist system from Volkswagen depends on ultrasonic sensors to assist with manoeuvring the car into a parallel or perpendicular parking space.

Interesting Facts of Automotive Ultrasonic Technologies Market

• By Vehicle type, passengers’ segment is expected to hold the largest market share globally.
• In North America, the rising demand for autonomous vehicles and the creation of new technologies for these vehicles are anticipated to significantly increase the need for ultrasonic sensors. For instance, the 200-meter-range ultrasonic sensor system for driverless vehicles was created by Canadian auto supplier Magna International.
• Autonomous vehicles are increasingly utilising ultrasonic sensors for directions, recognising objects, and detection of obstacles. In order for the Waymo self-driving cars to manoeuvre safely on the road, they use ultrasonic sensors to detect objects up to 150 metres away.
• As more nations implement laws to ensure the safety of vehicles, the need for ultrasonic sensors in the automotive industry is anticipated to rise. For instance, by 2022, all new cars sold in the European Union must have advanced driver assistance systems, such as lane departure and blind spot recognition systems
• The market for automotive ultrasonic technologies is anticipated to expand in the next years as a result of the development of new technologies like 3D imaging and gesture recognition. For instance, Continental Corporation has created a 3D imaging system that detects things around a car using ultrasonic sensors and generates a 3D image of the area in which the vehicle is located.

Asia Pacific will account for the largest share of the Automotive Ultrasonic Technologies industry

The Asia-Pacific region is expected to dominate the automotive ultrasonic sensors market during the forecast period due to the presence of major automotive manufacturers and the increasing adoption of ADAS in the region. There are several significant automakers based in the Asia-Pacific region, including Toyota, Honda, Hyundai, and Nissan. These businesses are making significant investments in ADAS technology research and development, which is boosting demand for ultrasonic sensors in the area. For instance, Bosch constructed a new research and development facility in India in 2020 with a specific goal of creating ADAS technologies. Similarly, to satisfy the rising demand for ADAS technologies in China, Continental AG has announced plans to invest in extending its operations there.

Additionally, the adoption of ADAS technology is expanding quickly due to rising concerns about traffic safety and the need for connected vehicles. For instance, the Ministry of Industry and Information Technology in China has set a target of 50% of new cars having ADAS technology by 2020. Adding to this, in India, the government has mandated the use of reverse parking sensors in all new vehicles sold in the country.

Global Automotive Ultrasonic Technologies Market key Players:

Some of the major competitors in the global Automotive Ultrasonic Technologies market include Aisin Corporation, Continental AG, Denso, Elmos Semiconductor SE, Hyundai Mobis Co. Ltd., Magna International, Murata Manufacturing Co. Ltd., Robert Bosch GMBH, TDK Corp, and Valeo SA.
The Automotive Ultrasonic Technologies is extremely competitive with aggressive market strategies of global and regional companies looking to strengthen market position through new product launches and facility expansions. The following are some recent market developments:

• A new 77 GHz radar sensor for vehicle safety systems was revealed by the German auto supplier Hella in September 2021. In particular for parking and manoeuvring, the new radar sensor is made to increase the identification of objects at close range.
• The Japanese car supplier Denso announced the creation of a new advanced driver assistance system (ADAS) in September 2021. This technology employs ultrasonic sensors to identify impediments and offer braking assistance. The new approach is intended to increase road safety for drivers and lower the likelihood of collisions.
• Siemens AG made an announcement on 2021 that a new ultrasonic sensor will be available. This system would allow autonomous parking and obstacle detection.
• Bosch in 2021 announced the development of a new ultrasonic sensor system, which allowed for more precise parking and collision avoidance by detecting object size and shape, was disclosed at the time.

Frequently asked questions about global Automotive Ultrasonic Technologies market

Q: What is the current size of the global Automotive Ultrasonic Technologies market?
Ans: The Automotive Ultrasonic Technologies market was valued at YY million US$ in 2020 and is projected to reach YY million US$ by 2027, at a CAGR of YY% during the forecast period.

Q: What are the major opportunities in Automotive Ultrasonic Technologies industry?
Ans: Major opportunities in Automotive Ultrasonic Technologies industry include the growing demand for ADAS and the increasing adoption of connected car technologies.

Q: What is major growth driving factor for Automotive Ultrasonic Technologies industry?
Ans: The major growth driving factor for Automotive Ultrasonic Technologies industry is the rising need for improved safety features in vehicles.

Q: Which region is expected to have the largest share of the Automotive Ultrasonic Technologies market?
Ans: Asia Pacific region is expected to have the largest share of the Automotive Ultrasonic Technologies market.

Q: Which Application segment will dominate the Automotive Ultrasonic Technologies market?
Ans: Which Park Assist segment will dominate the Automotive Ultrasonic Technologies market.