Automotive Ultrasonic Radar Market

The global Automotive Ultrasonic Radar market was valued at 2907.93 Million USD in 2021 and will grow with a CAGR of 8.14% from 2021 to 2027, based on Research newly published report.
The prime objective of Automotive Ultrasonic Radar Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Automotive Ultrasonic Radar Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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.
By Market Verdors:

• Company A
• Company B

By Types:

• 40kHz
• 48kHz
• 58kHz

By Applications:

• Passenger Car
• Commercial Vehicle

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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