Automotive Ultrasonic Technologies Market : Advancements in Vehicle Sensing and Detection Systems

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 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 :
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.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 :
https://www.alliedmarketresearch.com/automotive-ultrasonic-technologies-market/purchase-options
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.

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.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 : https://www.alliedmarketresearch.com/purchase-enquiry/12222

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This release was published on openPR.