Why Are Automotive Ultrasonic Sensors Important for Vehicle Safety?

Automakers are incorporating ultrasonic sensors due to the growing concerns regarding vehicle safety, which have impelled governments to implement mandatory policies to install safety features such as park assist and self-parking. These advanced driver-assistance systems (ADAS) aid in the transition toward autonomous vehicles, by enhancing the comfort and driving experience. Hence, the shift toward autonomous vehicles will fuel the automotive ultrasonic sensors market growth at a CAGR of 5.1% during 2020–2030. According to P&S Intelligence, the market value will rise from $3,461.9 million in 2019 to $6,096.2 million in 2030.

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Currently, automotive component companies are continuously innovating and updating their sensors to meet the spurring demand from autonomous vehicle manufacturers. For instance, TDK Corp., in September 2019, introduced its new series of ultrasonic sensor disks. This product is based on ceramics, and it would aid in interior monitoring for anti-theft systems, park assistance, and level measurement for selective catalytic reduction (SCR) and fuel tanks.

Furthermore, Asia-Pacific (APAC) is expected to display the fastest growth in the global automotive ultrasonic sensors market throughout the forecast period. The APAC market is led by China, as it is a major hub for the automotive sector in the world. Automobile manufacturers of China are constantly working on achieving technological innovations in vehicles, so that they can be imparted with fully autonomous driving capabilities. Owing to these innovations, the country is expected to generate a high demand for automotive ultrasonic sensors in the coming years.

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Thus, the gradual shift toward autonomous vehicles and strong focus on vehicle safety has led to the large-scale adoption of ultrasonic sensors in the automobile industry.