Global Automotive Ultrasonic Radar Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application

The sensor is the eye of the car, throughout the driverless.At present, we are still in the phase of assisted driving and semi-automatic driving, the loading rate of ADAS is accelerating, and the market demand for automatic and intelligent parking, cameras, millimeter wave radar, night vision, ultrasonic radar and other sensors are entering a period of rapid growth.In the past few years, automotive ultrasonic sensors have been greatly developed. In 2018, the production of automotive ultrasonic sensors reached about 3.39 million. By 2025, the global production of automotive ultrasonic radar will reach about 6 million.Europe is the largest producer, followed by North America.In 2018, Europe produced about 29 percent of global production, North America about 24 percent, and Japan about 21 percent.In terms of the consumer market, Europe and China are the world's largest consumer markets. In 2018, Europe consumed 27% of global consumption, China about 25% of global consumption, and North America about 21% of global consumption.In terms of product types, the business modes of automotive ultrasonic sensors can be divided into OEM mode and AM mode. OEM mode refers to the mode of directly providing parts and accessories for the vehicle manufacturers, and AM mode refers to the mode of market sales for after-sales service market, that is, maintenance, replacement and upgrading of auto parts.OEM accounts for 85% of the market;From the perspective of product application, automotive ultrasonic sensors can be used in passenger cars and commercial vehicles, and passenger cars are the main application field.Major global automotive ultrasonic sensor companies include: Valeo, Bosch, Nicera, Murata, Audiowell, Coligen (China) Corp. and other multinational companies, which account for about 80% of the global market.Valeo accounts for about 30 per cent, with Bosch in second place.
Global Automotive Ultrasonic Radar key players include Valeo, Bosch, Nicera, etc. Global top three manufacturers hold a share over 65%.
Europe is the largest market, with a share about 30%, followed by China, and North America, both have a share about 40 percent.
In terms of product, OEM is the largest segment, with a share about 80%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.

Market Analysis and Insights: Global Automotive Ultrasonic Radar Market
In 2020, the global Automotive Ultrasonic Radar market size was US$ 516.8 million and it is expected to reach US$ 880 million by the end of 2027, with a CAGR of 7.9% between 2021 and 2027
Global Automotive Ultrasonic Radar Scope and Market Size
The global Automotive Ultrasonic Radar market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Ultrasonic Radar market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
OEM
Aftermarket

Segment by Application
Passenger Vehicle
Commercial Vehicle

By Company
Valeo
Bosch
Nicera
Japan Murata
Audiowell Electronics(Guangdong)Co.,Ltd.
Coligen (China) Corp.

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE