Automotive Ultrasonic Technologies Market Size, Share, Opportunities, And Trends By Type (Proximity Detection, Range Measurement), By Application (Park Assist, Blind Spot Detection, Others), By Vehicle Type (ICE (Passenger Vehicle, Commercial Vehicles), Electric Vehicle), And By Geography - Forecasts From 2023 To 2028

The automotive ultrasonic technologies market is projected to show steady growth during the forecast period.

The worldwide market is largely driven by rising demand for car safety features such as advanced driver assistance systems (ADAS). This might be ascribed to increased consumer awareness of the need for road safety, particularly in developing nations with a greater rate of road accidents. In line with this, several technical breakthroughs in automotive ultrasonic technology are fueling the market, including the introduction of high-frequency ultrasonic sensors, artificial intelligence (AI), and the Internet of Things (IoT). Furthermore, the burgeoning trend of vehicle electrification, as well as the expanding popularity of electric cars (EVs) due to a global focus on lowering vehicular emissions, is leading to increased product uptake.

Introduction:

Automotive ultrasonic technologies employ ultrasonic waves with frequencies above 20 kHz to detect or measure items in the area of a vehicle. Automotive ultrasonic sensors employ sound waves to determine the distance between the sensor and the object, and they may be put on various components of a car, such as the front or back bumper, to help with parking and navigating. Automotive ultrasonic technologies are frequently employed in parking assist systems to detect the proximity of objects to provide visual or auditory directions, collision avoidance systems to adjust speed to avoid a collision, and blind spot monitoring systems to detect vehicles or objects in the driver's blind spot. In comparison to conventional sensors such as cameras or radar, automotive ultrasonic technology can identify soft or irregularly shaped objects. They have various advantages, including precise and dependable readings even in severe weather conditions. They are also quite affordable and require very little maintenance. Some of the drivers driving the market are growing disposable income levels, increased acceptance of luxury autonomous vehicles, favorable government legislation mandating the installation of safety systems in vehicles, and intensive research and development (R&D) efforts. Aside from that, the rising need for effective parking assistance and obstacle detection systems for delivering precise range measurements in vehicles is fueling market expansion.

Drivers:

• Growing demand for L3 and L4 vehicles is expected to drive market growth: The growing demand for Level 3 (L3) and Level 4 (L4) autonomous cars is predicted to fuel growth in ultrasonic sensor sales. These higher degrees of vehicle automation rely on advanced sensors, particularly ultrasonic sensors, to improve safety and allow numerous autonomous activities. As L3 and L4 cars become more common, the demand for sophisticated sensor technologies such as ultrasonic sensors will increase, boosting sales in this industry.
• Integration with advanced driver assistance systems (ADAS) is driving market expansion: The market share of automotive ultrasonic technology is predicted to grow as cars become more integrated with ADAS features such as lane-keeping assistance, adaptive cruise control, and traffic jam help. This connection improves vehicle safety and paves the road for more automation. Integrating ultrasonic sensors with ADAS improves vehicle safety and ease of use. ADAS is a set of technologies and systems meant to help drivers operate their automobiles and avoid accidents. Ultrasonic sensors are an important part of many ADAS functions. Many manufacturers are investing in automotive ultrasonic technology to build more modern products that provide consumers with safety and dependability.
• Growing interest in Internet of Things (IoT)-based technology is aiding in the market growth: The Internet of Things (IoT) is a network of interconnected computing devices that allows data to be transferred for specified purposes without the assistance of a human or a computer. Modern car manufacturers are widely adopting these technologies as these features enhance vehicle performance and improve user experiences. Furthermore, adopting a smart parking system with ultrasonic technology aids in better parking saves the driver time, and offers exact information on the rear of the car.

Products offered by key companies:

• MA48CF15-7N, Murata Manufacturing Co., Ltd.: MA48CF15-7N is an ultrasonic sensor designed for use in automotive applications. The MA48CF15-7N has excellent sensitivity and quick response time and is housed in a hermetically sealed housing to prevent liquid infiltration. With vehicle designs incorporating increased degrees of autonomy, more precise short/medium-range object detection devices will be required. It is feasible to identify an object's presence and distance away by emitting ultrasonic waves and then detecting their reflections.
• CUS320 sensor, Continental AG: The CUS320 sensor is designed for low-speed maneuvering situations and enables a variety of use cases ranging from driver warning to automated parking. The sensor evaluates the time of flight to an object (Echo-Localization principle) and converts the time of flight to a calculated distance. Software for ultrasonic signal processing (designed by Continental) interprets these measurements and determines the appropriate actions to take.

Prominent growth is anticipated in the ICE sector under the vehicle type segment

The ICE (internal combustion engine) segment is poised to hold a major market share and develop at the quickest rate over the forecast period. Government policies and regulations concentrating on passenger and vehicle safety are expected to support market growth. Furthermore, the expansion and modernization of vehicle fleets are pushing sensor technology usage in cars, which is adding to market development. During the projected period, the passenger car sector in ICE vehicles is likely to dominate the market. The expansion of the passenger car has a direct and significant influence on the market. The potential for ultrasonic sensor installations grows in tandem with the demand for passenger automobiles. The increased demand for sophisticated safety and driver assistance features has fueled the rapid expansion of ultrasonic sensors in passenger vehicles in recent years. Ultrasonic technologies in automotive serve a critical role in improving passenger car safety, convenience, and automation.

The European region is expected to hold a significant share of the automotive ultrasonic technologies market:

The European region is likely to capture a major market share and is poised to expand at a significant CAGR over the forecast period. European automakers have been aggressively adding ultrasonic sensors to suit safety standards and market demand for sophisticated driver assistance systems. The adoption of electric and hybrid cars has also increased the demand for ultrasonic sensors to improve safety features and overall vehicle economy. European safety rules and standards are severe, forcing automakers to add increasingly modern safety measures. Ultrasonic sensors are an essential component of these safety systems. Furthermore, European customers are becoming more interested in automobiles equipped with ADAS capabilities, which rely on ultrasonic sensors for purposes such as blind spot detection, parking assistance, and collision avoidance. Manufacturers in Europe are gradually incorporating ADAS into their car lineups. This strategic decision is in reaction to the increased demand for sophisticated features, which has led them to include amplifiers as standard or optional options to differentiate their car selection. This fierce competition among manufacturers drives up demand for automotive ultrasonic technology throughout the region.

Key developments:

• In June 2023, Murata, a leading electronics firm, announced the release of a new ultrasonic sensor device for use in automotive applications. The MA48CF15-7N has excellent sensitivity and quick response time and is housed in a hermetically sealed housing to prevent liquid infiltration. The MA48CF15-7N has a wide detection range, from 15cm to 550cm, and offers excellent obstacle detection accuracy.
• Pepperl+Fuchs, a prominent German sensor pioneer, is expanding ultrasonic sensor technology for mobile machine applications with CAN integration in March 2023. Machine makers include E1-approved ultrasonic sensors with a built-in interface into their mobile machines.
• The UK company Ultraleap produced an ultrasonic sensor and transducer in May 2022, claiming that it is a quarter of the size of current devices. Its mid-air haptics technology, which enables touchless controls in cars and virtual reality platforms for the metaverse, depends heavily on the sensors.

Segmentation:

• By Type
  • Proximity detection
  • Range measurement
• By Application
  • Park Assist
  • Blind spot detection
  • Others
• By Vehicle Type
  • ICE
    • Passenger vehicle
    • Commercial vehicles
  • Electric vehicle
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain  
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. AUTOMOTIVE ULTRASONIC TECHNOLOGIES MARKET, BY TYPE

5.1. Introduction

5.2. Proximity detection

5.3. Range measurement

6. AUTOMOTIVE ULTRASONIC TECHNOLOGIES MARKET, BY APPLICATION

6.1. Introduction

6.2. Park Assist

6.3. Blind spot detection

6.4. Others

7. AUTOMOTIVE ULTRASONIC TECHNOLOGIES MARKET, BY VEHICLE TYPE

7.1. Introduction

7.2. ICE

7.2.1. Passenger Vehicles

7.2.2. Commercial Vehicles

7.3. Electric Vehicle

8. AUTOMOTIVE ULTRASONIC TECHNOLOGIES MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Continental AG (Schaeffler Group)

10.2. Texas Instruments Incorporated 

10.3. Murata Manufacturing Co., Ltd 

10.4. Robert Bosch GmbH 

10.5. Magna International Inc. 

10.6. Elmos Semiconductor SE 

10.7. TDK Electronics

10.8. Valeo

10.9. Minpn

10.10. Aisin Corporation

Continental AG (Schaeffler Group)

Texas Instruments Incorporated 

Murata Manufacturing Co., Ltd 

Robert Bosch GmbH 

Magna International Inc.

Elmos Semiconductor SE

TDK Electronics

Valeo

Minpn

Aisin Corporation