Vehicle Ultrasonic Radar Market
Vehicle Ultrasonic Radar Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Vehicle Ultrasonic Radar Market Size and Growth
The Vehicle Ultrasonic Radar market is experiencing significant growth, driven by advancements in autonomous driving technologies and increased demand for safety features. The market size is projected to reach approximately $1.2 billion by 2028, reflecting a compound annual growth rate (CAGR) of around 11% from 2023 to 2028 amid evolving automotive standards.
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Companies Covered
(Covid 19 Impact Covered)
◍ BOSCH
◍ Murata
◍ Nicera
◍ Audiowell Electronics
◍ TungThih Electronic
◍ Valeo
The Vehicle Ultrasonic Radar Market features key players like BOSCH, Murata, Nicera, Audiowell Electronics, TungThih Electronic, and Valeo. These companies enhance market growth through innovation in sensor technology, improved safety features, and integration into advanced driver-assistance systems, driving sales and demand for ultrasonic radar solutions in vehicles.
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Market Segmentation
By Application
Passenger Vehicle
Commercial Vehicle
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By Product
Forward Radar
Reversing Radar
Market Growth
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$ X Billion USD
