Press release
Automotive Ultrasonic Radar and OEM Parking Roadmap Development Market 2023: Bosch, Valeo, Continental, Nicera, Murata, Denso, Hyundai Mobis
Automotive Ultrasonic Radar and OEM Parking Roadmap
As a single vehicle is expected to pack 7 units in 2025, ultrasonic radars will take the fast lane.
Get a Free Sample Copy of the Automotive Ultrasonic Radar and OEM Parking Roadmap Development Market Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=7016201
According to the statistics the ultrasonic radars installed in new passenger cars in China swelled by 7.4% year on year from 100.09 million units in 2021 to 107.525 million units in 2022. It is expected that the installation will exceed 140 million units by 2025. From 2021 to January 2023, there were an increasing number of ultrasonic radars installed in a single vehicle, up from 4.9 units to 5.6 units. Thanks to factors such as large-scale application of driving and parking integration, and the integration of cockpit and parking, it is expected that ultrasonic radars per vehicle will rise to 7 units in 2025, and the ultrasonic radar market will enjoy a boom.
In terms of installed solutions, in 2022, 36.8%, 20.6% and 21.8% of new passenger cars in China carried 4-, 8- and 12-ultrasonic radar solutions, respectively; AVP used 12-ultrasonic radar solutions. In 2022, 28,804 vehicles with AVP were sold, rocketing by 589% on the previous year.
The automotive ultrasonic radar and OEM parking roadmap development market refers to the industry that produces and sells ultrasonic radar sensors and related technology for use in the automotive industry. Ultrasonic radar sensors are used in advanced driver assistance systems (ADAS) and parking assist systems to detect objects and obstacles in the vehicle's path and provide drivers with real-time alerts.
The global automotive ultrasonic radar market is expected to grow significantly in the coming years, driven by factors such as increasing demand for safety features in vehicles, growing adoption of ADAS, and increasing regulations mandating the use of safety systems in vehicles.
The major players in the automotive ultrasonic radar market include Bosch, Continental AG, Denso Corporation, Valeo SA, and Texas Instruments. These companies are investing heavily in research and development to improve the performance and capabilities of ultrasonic radar sensors, and to integrate them with other ADAS technologies.
The OEM parking roadmap development market refers to the industry that works with OEMs (Original Equipment Manufacturers) to develop parking assist systems for vehicles. These systems can include ultrasonic radar sensors, cameras, and other technologies that help drivers park their vehicles safely and efficiently.
The global OEM parking roadmap development market is also expected to grow significantly in the coming years, driven by the increasing demand for parking assist systems in vehicles and the growing trend towards autonomous parking.
However, the automotive ultrasonic radar and OEM parking roadmap development market also face challenges, such as the high cost of advanced ADAS and parking assist systems, and the need to comply with increasingly stringent safety regulations.
Direct Purchase of the Automotive Ultrasonic Radar and OEM Parking Roadmap Development Market Report at https://www.reportsnreports.com/purchase.aspx?name=7016201
Despite these challenges, the automotive ultrasonic radar and OEM parking roadmap development market is expected to continue to grow in the coming years, driven by the increasing demand for safety features and advanced technologies in vehicles.
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