For years, ultrasonic sensors have been used in a wide range of applications including fish finders, parking sensors in cars and burglar alarms.Ultrasonic sensing is usually used for short-distance applications at low speeds, such as park assist, self-parking, and blind-spot detection. More recently, convenience features like kick-to-open liftgates are starting to appear. Also known as a smart trunk opener, it lets the vehicle owner open the trunk hands-free by making a kicking motion with their foot under the rear bumper.

For maximum coverage, an automotive ultrasonic system typically uses multiple sensors located in the wing mirror and front and rear bumpers. Its response is repeatable and linear, which translates well to visual representations of target distance. Furthermore, the response isn't dependent on surface color.

Ultrasonic sensing is a more cost-effective approach than cameras, which have poor close-distance detection. Though infrared sensing is cheaper than ultrasonic, it's less accurate and can't function properly in direct sunlight.

According to this study, over the next five years the Automotive Ultrasonic Radar market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Ultrasonic Radar business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Ultrasonic Radar market by product type, application, key manufacturers and key regions and countries.

This study considers the Automotive Ultrasonic Radar value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
40kHz
48kHz
58kHz
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Car
Commercial Vehicle

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Bosch
Valeo
Murata
Denso
Mitsubishi
Panasonic
Nicera Sensor
TungThih Electronic
Hangsheng Electronics
Longhorn
Huichuang
Audiwei

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Automotive Ultrasonic Radar consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Ultrasonic Radar market by identifying its various subsegments.
Focuses on the key global Automotive Ultrasonic Radar manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Ultrasonic Radar with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Ultrasonic Radar submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.