Automotive Ultrasonic Technologies Market by Vehicle Type (ICE [Passenger Vehicles, Commercial Vehicles], Electric Vehicle), by Application (Parking Assistance System, Blind Spot Detection, Collision Avoidance System, Adaptive Cruise Control, Others), by By Geography (North America), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Automotive Ultrasonic Technologies Market size was valued at USD 6.34 USD Billion in 2023 and is projected to reach USD 10.94 USD Billion by 2032, exhibiting a CAGR of 8.1 % during the forecast period. Automotive ultrasonic technologies use ultrasonic waves above 20 kHz to detect or measure objects near the vehicle. These technologies are based on ultrasonic sensors in cars that use sound waves to measure the distance between the object and the sensor. To make parking and driving easier, these sensors can be placed in different parts of the vehicle, such as the front or rear bumper. The main application of ultrasonic technologies in cars is parking assistance systems, which provide audio or visual guidance to the driver by detecting the proximity of objects. They are also used in collision avoidance systems to reduce speed to avoid collisions and in blind spot monitoring systems to detect vehicles or objects in the driver's blind spot. Automotive ultrasonic technologies have an advantage over other sensors such as cameras or radars because they can detect soft or oddly shaped objects and provide accurate measurements even in adverse weather conditions. They are also inexpensive and require little maintenance.
Vehicle Type:
Application:
The report provides a comprehensive analysis of the automotive ultrasonic technologies market, including:
The market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to dominate the market over the forecast period, driven by rising vehicle production and increasing demand for safety features in emerging economies.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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