Automotive Ultrasonic Sensors Market Research Report Information By Type (Proximity Detection and Range Measurement), Vehicle Autonomy (Semi-Autonomous Vehicle and Fully-Autonomous Vehicle), Vehicle Type (Passenger Cars and Commercial Vehicles), Application (Park Assist, Self-Parking and Blind Spot Detection) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

Automotive Ultrasonic Sensors Market Scenario:

 The Automotive Ultrasonic Sensors market share is expected to increase by USD 5.85 Billion from 2022 to 2030, and the market's growth momentum will accelerate at a CAGR of 6%. With regards to cars, increasing safety issues are driving the governments of various countries to implement specific policies for the implementation of different safety features in vehicles, such as blind-spot detection (BSD). The European Union's (EU) obligatory strategy of equipping all new lorries with blind-spot mirrors since 2007 and older lorries with blind-spot mirrors since 2009 is the biggest example of this. The dependence of these safety features on ultrasonic sensors for their functioning is driving the growth of the market.

A speaker or microphone that emits or absorbs ultrasound is an ultrasonic sensor. There is also a mechanism that can control emissions and reception.  Sensors for car parking are fitted with this type of sensor. Ultrasound sensors were originally used in cars to detect parking barriers, but they are now developing into an automated parking system.  Parking sensors use a form of sonar. The word ‘sonar’ is an acronym for sound navigation and radar; it is used from the moment it takes for a sound wave to pass to the target and back to determine the distance and/or position of an object.

Two to four ultrasonic sensors are mounted on the rear bumper to detect an object up to 2 to 2.5 m away in the case of the rear sonar. The distance is transmitted in real-time to the driver using varying buzzer sounds. It can trace even a wire fence if it is close enough.

Key Players

The key players operating in the global automotive ultrasonic sensors market include Texas Instruments Inc, Magna International Inc, Elmos Semiconductor AG, TE Connectivity Ltd, Baumer Holding AG, Honeywell International Inc, TDK Corp, and Autoliv Inc.

The automotive ultrasonic sensors market has been segmented by type, vehicle autonomy, vehicle type, application, and region. Based on type, the market can be segmented into proximity detection and range measurement. The proximity detection segment is anticipated to register a significant CAGR in the coming years. By vehicle autonomy, the market has been split into semi-autonomous vehicle and fully autonomous vehicle. The semi-autonomous vehicle segment has a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By vehicle type, the market has been divided into passenger cars and commercial vehicles. The passenger cars segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By application, the market can be divided into park assist, self-parking, and blind-spot detection. The self-parking segment is anticipated to grow at a high CAGR in the coming years.

Recent Developments

February 2024: Within the dynamic realm of automotive design and technology, only a handful of brands possess the status of being as firmly established as Mini. Mini's introduction of the 2024 Mini Cooper, the fourth iteration of this cherished automobile, represents a harmonious fusion of innovation and heritage, honoring the company's illustrious history while embracing the future of mobility. Mini has consistently revolutionized the experience of operating a compact vehicle by imbuing it with a harmonious fusion of German engineering and British allure. The focal point of the design is the octagonal front grille, which features "filigree contours" and conceals the smallest radar sensor produced by the BMW Group. Complementary to its primary function are twelve ultrasonic sensors that serve as the foundation of the vehicle's advanced driver assistance systems (ADAS), thereby integrating safety seamlessly into its aesthetic appeal.

Mercedes-Benz Drive Pilot, an SAE Level 3 certified system, became available in the United States market in September 2023. Mercedes-Benz is the first automaker to obtain state sanction in the United States for the implementation of an SAE Level 3 conditionally automated driving vehicle. Drive Pilot enables the motorist to engage in other activities while managing the dynamic driving task. Launching in late 2023, the production-ready Drive Pilot will be available for purchase in California and Nevada. A limited number of Level 3-equipped EQS Sedans will comprise this variant. Early in 2024, Mercedes-Benz intends to distribute additional Drive Pilot-equipped MY2024 EQS Sedan and S-Class models via authorized Mercedes-Benz dealers in California and Nevada. For S-Class and EQS Sedan models, Drive Pilot will also be available for subscription via the Mercedes-Benz Connect Store in the United States.

Market Segmentation

The global automotive ultrasonic sensors market is expected to witness moderate growth during the forecast period. A rise in customer demand for safety and comfort in cars is one factor that is expected to drive the demand for automotive ultrasonic sensors in the coming years.

Based on region, the automotive ultrasonic sensors market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is projected to dominate the market in the coming years, which can be attributed to the increasing vehicle production and presence of prominent players operating in this region. Furthermore, the per capita disposable income levels and spending capacity contribute to the growth of the North American and European markets.