0
Upcoming Allied Market Research
2023
Ultrasonic Park Assist Sensor Market

Ultrasonic Park Assist Sensor Market

Size, Share, Competitive Landscape and Trend Analysis Report by Type (Range Measurement, Proximity Detection), by Vehicle Autonomy (Semi-Autonomous Vehicle, Fully-Autonomous Vehicle), by Vehicle Type (Passenger Cars, Commercial Vehicles) and by Application (Self-Parking, Park Assist, Blind Spot Detection, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A14646
Pages: NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

An ultrasonic park assist sensor is a speaker or microphone that emits or absorbs ultrasound. There is also a mechanism for controlling emissions and reception. This type of sensor is installed in parking sensors. Ultrasound sensors were initially used in automobiles to detect parking barriers, but they are now being developed into an automated parking system. Sonar is used by parking sensors. The term ‘sonar' is an acronym for sound navigation and radar; it is used to determine the distance and/or position of an object from the time a sound wave passes to the target and back. In the case of the rear sonar, two to four ultrasonic sensors are mounted on the rear bumper to detect an object up to 2 to 2.5 m away. The distance is communicated to the driver in real time via varying buzzer sounds. If you get close enough, it can even trace a wire fence.

The global ultrasonic park assist sensor market is segmented on the basis of type, vehicle autonomy, vehicle type, application, and region. Based on type, the market is divided into range measurement and proximity detection. In terms of vehicle autonomy, the market is categorized into semi-autonomous vehicle and fully-autonomous vehicle. On the basis of vehicle type, the market is divided into passenger cars and commercial vehicles. On the basis of application, the market is divided into self-parking, park assist, blind spot detection and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global ultrasonic park assist sensor industry include Texas Instruments Inc, Elmos Semiconductor AG, Baumer Holding AG, Honeywell International Inc, TE Connectivity Ltd, TDK Corp, Magna International Inc, Autoliv Inc. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global ultrasonic park assist sensor market.

COVID-19 Impact Analysis

Since December 2019, the COVID-19 virus has been impacting businesses around the world. The constant rise in the number of virus-infected people has prompted governments to impose restrictions on people and commercial traffic. The implementation of a series of regulations by various governments to address the COVID-19 crisis, such as the complete shutdown of manufacturing units, has been found to have a direct impact on the development of the automotive ultrasonic park assist sensor market share.

Top Impacting Factors

One factor that is expected to drive the demand for ultrasonic park assist sensor market size in the coming years is an increase in customer demand for safety and comfort in cars. When the transmitter installed in one car uses a certain frequency channel that overlaps with the same frequency channel used by the other car, the receiving signal at each other's receivers may be corrupted due to signal interference, which is considered as a restraining factor for the ultrasonic park assist sensor market growth. 

Market Trends

New Product Launches to Flourish the Market

In October 2020, Robert Bosch LLC, a German multinational engineering and technology company, released its new advanced driver-assistance systems (ADAS) and body electronics catalogue. This new catalogue, available in ACES format, provides improved visibility, faster and more accurate information, and access to application data and images for over 230 ADAS and body electronics parts. It has several features such as park pilot ultrasonic parking sensors, which are simple-to-install sensors that detect the presence of an object around a vehicle, wheel speed sensors which are an important component of anti-lock braking systems (ABS) that transmits wheel speed data to various modules to determine safe braking and traction control and engine cooling fan, a critical component of a vehicle's cooling system that provides enough flow at idle to keep the vehicle from overheating while stuck in traffic.

Surge in Usage in Automobile Sector

Parking sensors are proximity sensors that are used in automobiles to allow the driver to safely park the vehicle. They are Advanced Driver Assistance Systems (ADAS), which alert the driver to any obstacles and are proving to be especially useful as parking spaces become scarce and the number of vehicles on the road increases. The average car's dimensions have been changing, making it more difficult to park without causing physical damage to the vehicle. Furthermore, parking sensors improve safety and can protect pedestrians from injury. Parking sensors are expected to see increased demand in the coming years as they can detect children, other vehicles, walls, pillars, fences, and other objects that are normally obscured from view. According to the Department of Transportation, a significant percentage of accidents happen while the vehicle is in reverse gear. Parking sensors, which are installed in the vehicle's rear bumper bar, can help to reduce these to a large extent. They can be color-coordinated with the exterior to maintain the vehicle's aesthetic value. They work in tandem with an internal buzzer or siren, the frequency of which gradually increases as the vehicle approaches an object. An optional LCD display that shows the distance between the vehicle and the object is also available. This serves as an effective warning to the driver, potentially preventing an accident. Typically, two or four sensors, as well as an internal siren and a control interface are used. Six or eight sensor systems, wired or wireless, may also be used for greater coverage.

Key Benefits of the Report

  • This study presents the analytical depiction of the ultrasonic park assist sensor market opportunity along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the ultrasonic park assist sensor market share.
  • The ultrasonic park assist sensor market trends is quantitatively analyzed to highlight ultrasonic park assist sensor market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed ultrasonic park assist sensor market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in Ultrasonic Park Assist Sensor Market Report

  • What are the leading market players active in the ultrasonic park assist sensor industry?
  • What are the current trends that will influence the ultrasonic park assist sensor market in the next few years?
  • What are the driving factors, restraints, and opportunities in the ultrasonic park assist sensor market forecast period?
  • What are the projections for the future would help in taking further strategic steps?
    • Upcoming Report Specific FAQs Examples:  
  • What is ultrasonic park assist sensor?
  • What does ultrasonic park assist sensor market allow organizations to achieve?
  • Which technologies combine to make ultrasonic park assist sensor a critical organizational asset?
  • What are the key benefits of the ultrasonic park assist sensor market report?
  • Which niches should companies associated with recent improvements establish a presence in?

Ultrasonic Park Assist Sensor Market Report Highlights

Aspects Details
By Type
  • Range Measurement
  • Proximity Detection
By Vehicle Autonomy
  • Semi-Autonomous Vehicle
  • Fully-Autonomous Vehicle
By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
By Application
  • Self-Parking
  • Park Assist
  • Blind Spot Detection
  • Others
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Honeywell International Inc, Autoliv Inc., TDK Corp, TE Connectivity Ltd, Baumer Holding AG, Texas Instruments Inc, Elmos Semiconductor AG, Magna International Inc
 

Loading Table Of Content...


 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now
Related Tags

Purchase Full Report of
Ultrasonic Park Assist Sensor Market

Start reading.
This Report and over 71,229+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,930
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise
    License/PDF

  • $9,870
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers