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Automotive Ultrasonic Technologies Market to Reach $2.70 Billion, Globally, by 2028 at 8.5% CAGR: Allied Market ResearchPORTLAND, Ore, July 21, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Automotive Ultrasonic Technologies Market by Type (Proximity Detection and Range Measurement), Application (Park Assist, Blind Spot Detection, and Others) and Vehicle Type (Passengers Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Electric Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2028." According to the report, the global automotive ultrasonic technologies industry was estimated at $1.41 billion in 2020, and is anticipated to hit $2.70 billion by 2028, registering a CAGR of 8.5% from 2021 to 2028.  Download Report (275 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/12222 Drivers, restraints, and opportunities- Increase in concerns related to parking across the globe, rise in demand for internet of things (IoT), and surge in need for safety features in automotive propel the growth of the global automotive ultrasonic technologies market. However, high implementation cost & configuration complexities and low rate of penetration in developing countries impede the market growth. However, rise in investments in building driverless vehicles and technological advancements in advanced driver assistance systems (ADAS) pave the way for new opportunities in the coming years. Covid-19 scenario-
Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/12222 The proximity detection segment to dominate by 2028- Based on type, the proximity detection segment contributed to the highest share in 2020, generating more than half of the total share, and is estimated to dominate during the forecast period. Moreover, this segment is also projected to cite the fastest CAGR of 8.9% from 2021 to 2028, due to the fact that ultrasonic sensors can detect both metallic and nonmetallic targets and has good stability too. The park assist segment to maintain the dominant share- Based on application, the park assist segment garnered the major share in 2020, generating nearly half of the global automotive ultrasonic technologies market, owing to the fact that the system uses numerous sensors to determine the approximate distance between two parked vehicles. At the same time, the blind spot detection segment is projected to manifest the fastest CAGR of 10.1% from 2021 to 2028. This is because a blind spot detection system uses sensors to detect the objects not visible to the driver. Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/automotive-ultrasonic-technologies-market/purchase-options Europe, followed by Asia-Pacific and North America, garnered the major share in 2020- Based on region, Europe contributed to the highest share in 2020, garnering nearly one-third of the total market, and is expected to retain its dominance in terms of revenue by the end of 2028. Simultaneously, the market across LAMEA is expected to register the fastest CAGR of 11.0% throughout the forecast period, due to increased income of the individuals followed by rising demand for luxury vehicles in this province. Key players in the industry-
Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/12222 Similar Reports We Have on Automotive Industry: Self-Driving Electric Vehicle Market by Level of Automation (Level 1, Level 2, and Level 3), Components (AI, Radar, LIDAR, Camera, and Ultrasonic Sensor), Vehicle Type (Passenger Cars, and Commercial Vehicles), and Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV)): Global Opportunity Analysis and Industry Forecast, 2021–2030. Adaptive Cruise Control (ACC) System Market by Technology (Infrared Sensor, Laser Sensor, Image Sensor, Radar Sensor, Ultrasonic Sensor, and LiDAR Sensor), by Sales Channel (OEM and Aftermarket) and by Vehicle Type (Passenger Vehicle, Commercial Vehicle, and Electric Vehicle): Global Opportunity Analysis and Industry Forecast, 2021–2030. L4 Autonomous Driving Market by Component (Software, Hardware, and Services), by Features (Adaptive Cruise Control (ACC), Lane Assist (LA), Intelligent Park Assist (IPA), Smart Park Assist (SPA), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Collision Warning System (CWS),Cross Traffic Alert (CTA), Traffic Jam Assist (TJA), and Others), by Sensor Type (LIDAR, Radar, Camera, Ultrasonic Sensor, Biometric Sensors, and Others), and by Vehicle Type (Passenger Vehicle, Commercial Vehicle, and Electric Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2030. Vehicle Radar Test System Market by System (Adaptive Cruise Control (ACC), Adaptive Front Light (AFL), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Cross-Traffic Alert (CTA), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Intelligent Park Assist (IPA), Lane Departure Warning (LDW), Night Vision System (NVS), Pedestrian Detection System (PDS), Road Sign Recognition (RSR), Tire Pressure Monitoring System (TPMS), Traffic Jam Assist (TJA)), Component (Camera Unit, LiDar, Radar Sensor, Ultrasonic Sensor, and Infrared Sensor), Offering (Hardware, and Software), and Electric Vehicle (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicle (PHEV), and Fuel Cell Electric Vehicle (FCEV)), Vehicle Type (Passenger Car, Light Commercial Vehicle, Truck, and Bus): Global Opportunity Analysis and Industry Forecast, 2021 – 2030. Automotive LiDAR Market by Application (Semi-Autonomous Vehicle and Autonomous Vehicle), Technology (Mechanical LiDAR and Solid-state LiDAR), Range (Short- & Mid-range and Long Range), and Vehicle Type (Internal Combustion Engine (ICE) and Electric & Hybrid): Global Opportunity Analysis and Industry Forecast, 2021–2030. Automotive RADAR Market by Application (Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Blind Spot Detection (BSD), Forward Collision Warning System, Intelligent Park Assist, and Other), Frequency (24 GHz, 77 GHz, and 79GHz), Range (Long Range RADAR (LRR) and Short and Medium Range RADAR (S&MRR)), and Vehicle Type (Passenger Car and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2019–2030. About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact:
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