Press release
Automotive Ultrasonic Sensors Industry will grow at 6% CAGR | Texas Instruments Inc, Magna International Inc
The automotive ultrasonic sensors Industry will grow at 6% CAGR in the forecast period (2020 2027), states the latest Market Research Future (MRFR) report. The ongoing technological innovations in automotive sensors will boost the automotive ultrasonic sensors Industry value over the forecast period.
The market players are constantly updating and innovating their product offerings thus sufficing to the burgeoning need for these in autonomous vehicles. TDK Corp. for instance launched a new type of ultrasonic sensor disks that are based on ceramics and will help in blind spot monitoring, park assistance, interior monitoring of anti-theft systems, and level measurement for fuel/selective catalytic reduction (SCR) tanks.
Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/10359
Key Players
Key players profiled in the global automotive ultrasonic sensors industry report include Texas Instruments Inc, Magna International Inc, Elmos Semiconductor AG, TE Connectivity Ltd, Baumer Holding AG, Honeywell International Inc, TDK Corp, and Autoliv Inc, among others.
The surging adoption of advanced driver assistance systems (ADAS) in semi-autonomous vehicles with level 1, 2, and 3 autonomic will offer robust opportunities for the market in the forecast period.
These sensors allow different ADAS to function which includes self-parking and blind-spot detection that aids in the transition towards autonomous vehicles and also eases concerns over probable issues with the detection of different objects around vehicles. Thus, the growing adoption of autonomous vehicles will boost the demand for ultrasonic sensors in the coming years.
Restraints
Low Preference for Diesel Cars to act as Market Restraint
The low preference for diesel cars coupled with an underdeveloped aftermarket will act as a market restraint over the forecast period.
Challenges
High Competition from Other Sensors to act as Market Challenge
High competition from other sensors such as accuracy and lower response speed over optical sensors coupled with lack of manufacturing excellence will act as market challenge over the forecast period.
Market Segmentation
The global automotive ultrasonic sensors Industry has been segmented based on application, vehicle type, vehicle autonomy, and type.
By type, the proximity detection segment will lead the market over the forecast period at a high CAGR.
By vehicle autonomy, the semi-autonomous segment will dominate the market over the forecast period at a favorable CAGR.
By vehicle type, passenger cars will spearhead the market over the forecast period at a significant CAGR.
By application, the self-parking segment will have the lions share in the market over the forecast period at a healthy CAGR.
COVID-19 Analysis
The COVID-19 outbreak had a negative impact on the automotive ultrasonic sensors Industry growth. The implementation of a series of regulations by different governments to handle the crisis like complete shutdown of manufacturing units had a direct impact on the development of the market.
Regional Analysis
APAC to Lead automotive ultrasonic sensors Industry
The APAC region will lead the automotive ultrasonic sensors Industry in the forecast period. Increasing vehicle production, the presence of prominent players, and extensive research and development activities in the autonomous vehicle field are adding to the global automotive ultrasonic sensors Industry share in the region.
Europe to Have Favorable Growth in automotive ultrasonic sensors Industry
Europe will have favorable growth in the automotive ultrasonic sensors Industry over the forecast period. The growing deployment of autonomous features in the vehicles, supportive regulatory policies implemented by the government of different countries, and the presence of various renowned automotive giants like Bayerische Motoren Werke (BMW) AG, Volkswagen AG, Daimler AG, Fiat Chrysler Automobiles NV, and the Renault-Nissan-Mitsubishi Alliance, among others are adding market growth.
Browse In-depth Market Research Report @ https://www.marketresearchfuture.com/reports/automotive-ultrasonic-sensors-market-10359
Browse more report
Electric Van Market@ https://www.marketresearchfuture.com/reports/electric-van-market-10836
Racing Motor Bike Seat Market@ https://www.marketresearchfuture.com/reports/racing-motor-bike-seat-market-10881
Smart Mobility Market@ https://www.marketresearchfuture.com/reports/smart-mobility-market-10893
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact
Market Research Future
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Website: https://www.marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Ultrasonic Sensors Industry will grow at 6% CAGR | Texas Instruments Inc, Magna International Inc here
News-ID: 2783931 • Views: …
More Releases from Market Research Furture
CAR T Cell Therapy Market Overview by Product Types, Consumer Demand, Manufactur …
The CAR T Cell Therapy Market is at the forefront of revolutionary cancer treatments, focusing on Chimeric Antigen Receptor T-cell (CAR T) therapies that harness the power of the immune system to combat cancer. This market involves the development and commercialization of personalized cellular therapies, where a patient's T cells are genetically engineered to express CARs, enabling them to recognize and target specific cancer cells. CAR T cell therapies have…
Green Packaging Market is projected to reach USD 440.18 million by 2030, Exclusi …
In recent years, there has been a remarkable shift in consumer behavior towards eco-consciousness and sustainability. This global awakening has prompted industries to reevaluate their practices, particularly in packaging - an essential aspect of product delivery. As environmental concerns intensify, the demand for eco-friendly alternatives has surged, giving rise to the Green Packaging Market.
Green Packaging Market Size was valued at USD 274.1 million in 2021. The Green Packaging industry is…
Azelaic Acid Market is projected to reach USD 0.469 Billion by 2032, at a rate o …
In the realm of skincare, Azelaic Acid has emerged as a prominent player, touted for its efficacy in treating various dermatological concerns. From acne to hyperpigmentation, this multifaceted compound has garnered attention from both skincare enthusiasts and professionals alike. As consumer awareness regarding skincare ingredients continues to soar, the Azelaic Acid market has witnessed significant growth, driven by a confluence of factors ranging from evolving consumer preferences to advancements in…
Spout Packaging Market Size Worth USD 48.37 Billion by 2032 |Exclusive Report by …
In the realm of packaging, innovation is a driving force, continually shaping the way products are presented, stored, and consumed. One such innovation that has gained considerable traction in recent years is spout packaging. This dynamic packaging solution combines convenience, functionality, and sustainability, making it a favored choice for a wide range of industries. From food and beverage to household and personal care products, spout packaging offers versatility and practicality,…
More Releases for Industry
Hydro Lubricants Market Size, Analysis, and Forecast Report 2018 to 2026(By Indu …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Hydro Lubricants Market Insights, Trends & Future Development Status Recorded du …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Global Pyrite Market 2019 | Applications: Jewelry Industry, Sulfur Compounds Ind …
The major factor driving the pyrite market is the rising demand of jewelry and sulfur compounds market. This report researches the worldwide Pyrite market size (value, capacity, production, and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Pyrite breakdown data by manufacturers, region, type, and application, also analyzes the market status, market share, growth rate, future trends, market…
Big Bag Connection System Market Segmented By technology Automatic, Semi-Automat …
Global Big Bag Connection System Market: An Overview
The key advancement in automation encourages manufacturers to adopt smart systems to increase productivity and to facilitate timely production. Owing to the perception of consumers as well as manufacturers regarding health and hygiene of product, the big bag connection system market is anticipated to propel during the forecast period. Big bag connection system ensure dust -free docking of big bags and provide flexibility…
Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medic …
Researchmoz added Most up-to-date research on "Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medicine Industry, Electronic Industry and Paint Industry" to its huge collection of research reports.
This report studies Nutraceuticals in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.
This report focuses on top manufacturers…
Europe Plastic Pallet Market Size, Shares, Forecast Report 2016 : Food Industry, …
This report studies sales (consumption) of Plastic Pallet in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering
ShangHai Pallet Plastic Industry Co., Ltd.
Shanghai Lika Plastic Manufacturing Co., Ltd.
Guangzhou Plastic Industrial Corporation Ltd
Shandong Liyang Plastic Molding Co.,Ltd
Xinding Plastic
ZheJiang Primacy Plastic Industry Co., Ltd
Shanghai Qinghao Plastic Pallet Manufacture…
