Automotive Ultrasonic Sensor Market: Market Size, Trends and Growth Analysis

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The future of the global automotive ultrasonic sensor market looks promising with opportunities in park assist, self-parking, and blind spot detection applications. The global automotive ultrasonic sensor market is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow 5%-7% from 2021 to 2026. The major drivers for this market are rise in customer demand for safety and comfort in cars, research and development (R&D) activities in the field of autonomous vehicle, and rise in demand for advanced driver-assistance systems (ADAS) in semi-autonomous vehicles.

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The study includes trends and forecast for the global automotive ultrasonic sensor market by vehicle autonomy, type, vehicle type, application, and region as follows:

By Vehicle Autonomy [Value ($ Million) from 2015 to 2026]:

Semi-Autonomous Vehicle
Fully-Autonomous Vehicle

By Type [Value ($ Million) from 2015 to 2026]:

OEM
Aftermarket

By Vehicle Type [Value ($ Million) from 2015 to 2026]:

Passenger Car
Commercial Vehicle

By Application [Value ($ Million) from 2015 to 2026]:

Park Assist
Self-Parking
Blind Spot Detection

By Region [Value ($ Million) and Volume (Thousand Tons) from 2015 to 2026]:

North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
APAC
China
India
Japan
ROW
Middle East
Brazil

Some of the automotive ultrasonic sensor companies profiled in this report include Aptiv PLC, Autoliv Inc., Elmos Semiconductor AG, Honeywell International Inc., Texas Instruments Inc., First Sensor AG, Baumer Holding AG, Magna International Inc., TE Connectivity Ltd., Valeo SA, and TDK Corp.

Lucintel forecasts that passenger car will remain the largest segment and it is also expected to witness the highest growth over the forecast period because of rising demand for safety features in passenger cars and increasing production of passenger cars globally.

Within the global automotive ultrasonic sensor market, the self-parking segment is expected to witness the highest growth over the forecast period due to increase in expenditure on fully autonomous vehicle for advanced driver-assistance system (ADAS and for self parking it receives the location information then these sensors allow the vehicle to exercise greater automatic control on steering, acceleration, and braking.

APAC is expected to remain the largest market and witness the highest growth rate over the forecast period. China is expected to register the highest demand for advanced sensors, and advanced driver-assistance system (ADAS) in the coming years. This is mainly due to the rapid increase in the technological innovations in autonomous vehicles in the country.

Features of the Global Automotive Ultrasonic Sensor Market

Market Size Estimates: Global automotive ultrasonic sensor market size estimation in terms of value ($M) shipment.
Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments.
Segmentation Analysis: Global automotive ultrasonic sensor market size by various segments, such as by vehicle autonomy, type, vehicle type, application in terms of value.
Regional Analysis: Global automotive ultrasonic sensor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different by vehicle autonomy, type, vehicle type, application and regions for the global automotive ultrasonic sensor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global automotive ultrasonic sensor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the global automotive ultrasonic sensor market by vehicle autonomy (semi-autonomous vehicle, and fully-autonomous vehicle), type (OEM, and aftermarket), vehicle type (passenger car, and commercial vehicle), application (park assist, self-parking and blind spot detection), and region (North America, Europe, Asia Pacific, and the Rest of the World?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global automotive ultrasonic sensor market?
Q.5 What are the business risks and threats to the global automotive ultrasonic sensor market?
Q.6 What are emerging trends in this automotive ultrasonic sensor market and the reasons behind them?
Q.7 What are some changing demands of customers in the automotive ultrasonic sensor market?
Q.8 What are the new developments in the automotive ultrasonic sensor market? Which companies are leading these developments?
Q.9 Who are the major players in the automotive ultrasonic sensor market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the automotive ultrasonic sensor market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the global automotive ultrasonic sensor market?

Report Scope

Key Features	Description
Base Year for Estimation	2020
Trend Period (Actual Estimates)	2015-2020
Forecast Period	2021-2026
Pages	More than 150 page
Market Representation / Units	Revenue in US $ Million
Regional Scope	North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil)
Report Coverage	Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling
Market Segments	Vehicle Autonomy (Semi-Autonomous Vehicle, And Fully-Autonomous Vehicle), Type (OEM, And Aftermarket), Vehicle Type (Passenger Car, And Commercial Vehicle), Application (Park Assist, Self-Parking And Blind Spot Detection)
Customization	10% Customization without Any Additional Cost

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Table of Contents

1. Executive Summary

2. Market Background and Classifications

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2015 to 2026

3.1: Macroeconomic Trends and Forecast

3.2: Global Automotive Ultrasonic Sensor Market Trends and Forecast

3.3: Global Automotive Ultrasonic Sensor Market by Vehicle Type

3.3.1: Passenger Car

3.3.2: Commercial Vehicle

3.4: Global Automotive Ultrasonic Sensor Market by Vehicle Autonomy

3.4.1: Semi-Autonomous Vehicle

3.4.2: Fully-Autonomous Vehicle

3.5: Global Automotive Ultrasonic Sensor Market by Type

3.5.1: OEM

3.5.2: Aftermarket

3.6: Global Automotive Ultrasonic Sensor Market by Application

3.6.1: Park Assist

3.6.2: Self-Parking

3.6.3: Blind Spot Detection

4. Market Trends and Forecast Analysis by Region

4.1: Global Automotive Ultrasonic Sensor Market by Region

4.2: North American Automotive Ultrasonic Sensor Market

4.2.1: Market by Vehicle Type: Passenger Car, and Commercial Vehicle

4.2.2: Market by Vehicle Autonomy: Semi-Autonomous Vehicle, Fully-Autonomous Vehicle

4.2.3: Market by Type: OEM, and aftermarket

4.2.4: Market by Application: Park Assist, Self-Parking, Blind Spot Detection

4.2.5: The US Automotive Ultrasonic Sensor Market

4.2.6: Canadian Automotive Ultrasonic Sensor Market

4.2.7: Mexican Automotive Ultrasonic Sensor Market

4.3: European Automotive Ultrasonic Sensor Market

4.3.1: Market by Vehicle Type: Passenger Car, and Commercial Vehicle

4.3.2: Market by Vehicle Autonomy: Semi-Autonomous Vehicle, Fully-Autonomous Vehicle

4.3.3: Market by Type: OEM, and aftermarket

4.3.4: Market by Application: Park Assist, Self-Parking, Blind Spot Detection

4.3.5: Automotive Ultrasonic Sensor Market of the United Kingdom

4.3.6: German Automotive Ultrasonic Sensor Market

4.4: APAC Automotive Ultrasonic Sensor Market

4.4.1: Market by Vehicle Type: Passenger Car, and Commercial Vehicle

4.4.2: Market by Vehicle Autonomy: Semi-Autonomous Vehicle, Fully-Autonomous Vehicle

4.4.3: Market by Type: OEM, and aftermarket

4.4.4: Market by Application: Park Assist, Self-Parking, Blind Spot Detection

4.4.5: Chinese Automotive Ultrasonic Sensor Market

4.4.6: Japanese Automotive Ultrasonic Sensor Market

4.4.7: Indian Automotive Ultrasonic Sensor Market

4.5: ROW Automotive Ultrasonic Sensor Market

4.5.1: Market by Vehicle Type: Passenger Car, and Commercial Vehicle

4.5.2: Market by Vehicle Autonomy: Semi-Autonomous Vehicle, Fully-Autonomous Vehicle

4.5.3: Market by Type: OEM, and aftermarket

4.5.4: Market by Application: Park Assist, Self-Parking, Blind Spot Detection

4.5.5: Middle Eastern Automotive Ultrasonic Sensor Market

4.5.6: Brazilian Automotive Ultrasonic Sensor Market

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Market Share Analysis

5.3: Operational Integration

5.4: Geographical Reach

5.5: Porter’s Five Forces Analysis

6. Cost Structure Analysis

6.1: Raw Material Cost

6.2: Other Expenses

6.3: COGS

6.4: SG&A

6.5: EBITDA Margin

7. Growth Opportunities and Strategic Analysis

7.1: Growth Opportunity Analysis

7.1.1: Growth Opportunities for the Global Automotive Ultrasonic Sensor Market by Vehicle Type

7.1.2: Growth Opportunities for the Global Automotive Ultrasonic Sensor Market by Vehicle Autonomy

7.1.3: Growth Opportunities for the Global Automotive Ultrasonic Sensor Market by

Type

7.1.4: Growth Opportunities for the Global Automotive Ultrasonic Sensor Market by Application

7.1.5: Growth Opportunities for the Global Automotive Ultrasonic Sensor Market by Region

7.2: Emerging Trends in the Global Automotive Ultrasonic Sensor Market

7.3: Strategic Analysis

7.3.1: New Product Development

7.3.2: Capacity Expansion of the Global Automotive Ultrasonic Sensor Market

7.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Ultrasonic Sensor Market

7.3.4: Certification and Licensing

8. Company Profiles of Leading Players

8.1: Aptiv PLC

8.2: Autoliv Inc.

8.3: Elmos Semiconductor AG

8.4: Honeywell International Inc.

8.5: Texas Instruments Inc.

8.6: First Sensor AG

8.7: Baumer Holding AG

8.8: Magna International Inc.

8.9: TE Connectivity Ltd.

8.10: Valeo SA

8.11: TDK Corp.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:

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