Press release
Automotive Ultrasonic Technologies Market : Proximity Detection and Range Measurement Industry Forecast, 2021-2028
According to a recent report published by Allied Market Research, titled, "automotive ultrasonic technologies market by type, application and vehicle type: global opportunity analysis and industry forecast, 2021-2028," the global automotive ultrasonic technologies market was valued at $1.41 billion in 2020, and is projected to reach $2.70 billion by 2028, registering a CAGR of 8.5%.Download Sample Report at https://www.alliedmarketresearch.com/request-sample/12222
Covid-19 scenario-
The outbreak of the pandemic led to disrupted supply chain across the world, and the global automotive ultrasonic technologies market was impacted negatively.
Production activities of different types of vehicles such as passenger cars, electric vehicles, and others were also interrupted, especially during the initial phase of the lockdown. This gave way to reduced implementation of ultrasonic technologies.
However, most companies have now started incorporating strategies such as agreements, expansions, product developments, and product launches to continue the development of advanced technologies and cope up with the disruptions.
The proximity detection segment to dominate by 2028-
Based on type, the proximity detection segment contributed to the highest share in 2020, generating more than half of the total share, and is estimated to dominate during the forecast period. Moreover, this segment is also projected to cite the fastest CAGR of 8.9% from 2021 to 2028, due to the fact that ultrasonic sensors can detect both metallic and nonmetallic targets and has good stability too.
The park assist segment to maintain the dominant share-
Based on application, the park assist segment garnered the major share in 2020, generating nearly half of the global automotive ultrasonic technologies market, owing to the fact that the system uses numerous sensors to determine the approximate distance between two parked vehicles. At the same time, the blind spot detection segment is projected to manifest the fastest CAGR of 10.1% from 2021 to 2028. This is because a blind spot detection system uses sensors to detect the objects not visible to the driver.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/automotive-ultrasonic-technologies-market/purchase-options
Key players in the industry-
Continental AG
Denso
Magna International
Murata Manufacturing co. ltd.
Robert Bosch GMBH
TDK corp.
Aisin Corporation
Elmos Semiconductor SE
Valeo SA
Hyundai Mobis co. ltd.
Access Full Report : https://www.alliedmarketresearch.com/automotive-ultrasonic-technologies-market-A11857
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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 Technologies Market : Proximity Detection and Range Measurement Industry Forecast, 2021-2028 here
News-ID: 2895890 • Views: …
More Releases from Allied Market Research
Essential Oils Market Trends, Top Leading Companies, Revenue and Forecast to 203 …
The essential oils industry was valued at $10,886.50 million in 2020, and is estimated to reach $24,735.11 million by 2030, growing at a CAGR of 8% from 2021 to 2030.
Essential oils are prized for their therapeutic properties and in the recent times it has been found that they are very effective as a food preservatives. The application of essential oils as a food preservative is expected to open avenues for…
Cargo Drones Market Set to Reach $16.9 Billion by 2032, With a Sustainable CAGR …
The global cargo drones market size generated $0.68 billion in 2022 and is anticipated to generate $16.9 billion by 2032, witnessing a CAGR of 38.1% from 2023 to 2032.
The growth of the global cargo drones market is driven by factors such as rise of e-commerce, an increase in demand for faster delivery & improved efficiency in freight transportation, and surge in environmental concerns to reduce CO2 emissions and carbon footprint.…
Asia-Pacific Food Coatings Market Growing at 8.0% CAGR to Generate $1.08 Billion …
Asia-Pacific food coatings market generated $572.01 million in 2017, and is projected to reach $1.08 billion by 2030, witnessing a CAGR of 8.0% from 2021 to 2030.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5067
Increase in prominence of fast-food restaurants, also called as the quick service restaurants (QSRs), such as McDonalds, Wendy's, Burger King, Subway, and others drives the growth of the Asia-Pacific food coatings market. Moreover, increase in focus on R&D activities in the…
U.S. Organic Food Flavors Market Growing at 13.3% CAGR to Generate $234.3 Millio …
U.S. organic food flavors market was valued at $112.0 million in 2020, and is projected reach $234.3 million by 2026, registering a CAGR of 13.3% from 2021 to 2026.
Increase in sales of organic food products and rise in health awareness among consumers in the U.S. are the factors driving the market growth, however, the industry is facing significant challenges due to shortage in supply of raw materials to the manufactures.
Download…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
