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Bumper Sensor Market - By Technology (Ultrasonic Sensors, Electromagnetic Sensors, Infrared Sensors), By Application (Parking Assistance, Blind Spot Detection, Cross-traffic Alert), By Vehicle Type, By Sales Channel, Forecast 2024 – 2032

  • Report ID: GMI8357
  • Published Date: Mar 2024
  • Report Format: PDF

Bumper Sensor Market Size

Bumper Sensor Market was valued at over USD 7 billion in 2023 and is estimated to register a CAGR of over 7% between 2024 & 2032. The market for bumper sensors is expected to expand significantly owing to the integration of these sensors with Advanced Driver Assistance Systems (ADAS). With the use of sensor data, ADAS improves vehicle safety by enabling functions such as automated braking and accident avoidance. This combination makes driving more enjoyable, lowers the number of accidents, and raises the demand for cutting-edge safety equipment.
 

Bumper Sensor Market

The increasing use of ADAS in contemporary cars is fueling the demand for bumper sensors, fostering a mutually beneficial relationship that propels technological development and market expansion. For instance, in December 2023, LeddarTech, an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, launched LeddarVision Parking (LVP-H), its latest fusion and perception software stack for automated parking and parking assist.
 

Bumper sensors in vehicles dramatically reduce accidents and insurance claims by improving collision prevention. These sensors use innovative technologies to automatically detect obstructions in real time and send alerts or brake. The consequent decrease in accidents ensures passenger safety and significantly reduces insurance claims, making bumper sensors an appealing proposition for both vehicle manufacturers and insurance companies.
 

A major barrier to the bumper sensor business is the limited integration with older cars. Compatibility issues arise as retrofitting these sensors onto older vehicles frequently requires significant modifications. This prevents wider acceptance and raises implementation costs. The market's potential reach and growth are restricted by the impracticality of smoothly integrating modern sensor technologies into current car models, posing challenges for both manufacturers and consumers.
 

Bumper Sensor Market Trends

The incorporation of artificial intelligence (AI) and machine learning (ML) is a key trend in the market. Advanced algorithms boost sensor capabilities by allowing real-time data processing for better collision detection and response. These systems improve accuracy by learning from many scenarios and responding to changing road conditions. As a result, vehicles equipped with AI-powered bumper sensors have better predictive and preventive capabilities, offering a safer driving experience. This trend shows a gradual move toward intelligent, self-learning automobile safety technologies with the potential to transform collision avoidance in the industry.
 

Miniaturization and attractive design are the key trends in the bumper sensor market. Sensor sizes are shrinking, allowing for more seamless integration into car exteriors while preserving a clean and unobtrusive appearance. This tendency is consistent with consumer preferences for visually appealing vehicles without sacrificing safety. Compact, aesthetically beautiful sensors enhance vehicle appearance and aerodynamics. As automobile design advances, the emphasis on downsizing and beauty in bumper sensors indicates a dedication to both safety and the overall visual harmony of current vehicles.
 

Bumper Sensor Market Analysis

Bumper Sensor Market Size, BY Technology, 2022-2032, (USD Billion)

Based on technology, the market is divided into ultrasonic sensors, electromagnetic sensors, infrared sensors, and others. The ultrasonic sensors segment dominated the global market with a share of over 60% in 2023.
 

  • Ultrasonic sensors are effective in obstacle avoidance and proximity detection. These sensors are dependable for spotting objects close by since they use ultrasonic vibrations to determine distances correctly.
     
  • Ultrasonic sensors are becoming increasingly common in bumper applications due to the need for parking assistance and ADAS in automobiles. Their affordability, dependability, and adaptability make them highly useful, thereby driving the bumper sensor industry expansion.
     
Bumper Sensor Market Share, By Application, 2023

Based on the application, the market is divided into parking assistance, blind spot detection, and cross-traffic alert. The cross-traffic alert segment is expected to register a CAGR of over 7.5% during the forecast period.
 

  • The market for bumper sensors is anticipated to expand owing to the growing importance of cross-traffic alerts in improving vehicle safety. These notifications aid in identifying oncoming vehicles or people from the side, especially while backing out of parking spaces, as traffic congestion rises, and parking spaces become more limited.
     
  • The usage of cross-traffic alerts is expected to increase, propelling the growth of the bumper sensor industry, as there is an increasing focus on enhancing the overall safety features in automobiles.
     
China Bumper Sensor Market Size, 2022-2032, (USD Million)

Asia Pacific dominated the global bumper sensor market in 2023, accounting for a share of over 30%, and is anticipated to expand significantly till 2032. The region’s increasing auto production, growing consumer consciousness regarding vehicle safety, and strict laws requiring the installation of cutting-edge driver assistance systems are contributing to market expansion. The need for collision avoidance technologies is driven by growing urbanization and traffic congestion in major economies. The Asia Pacific market is growing because of technological breakthroughs, investments in intelligent transportation infrastructure, and the rising automotive sector in countries including China and India.
 

Bumper Sensor Market Share

Analog Devices, Inc. and Continental AG hold a significant market share in the bumper sensor industry. Analog Devices, Inc. is a global semiconductor company. Specializing in signal processing and analog technologies, the company offers solutions for automotive applications. Analog Devices provides advanced sensor technologies, contributing to collision detection, object avoidance, and safety features. Its offerings include sensor solutions that enhance vehicle safety and support the growing demand for ADAS.
 

Continental AG is a global automotive supplier. The company provides technologies and services for safe, efficient, and connected mobility. Continental offers advanced sensor solutions including radar and ultrasonic sensors, contributing to collision avoidance and pedestrian safety. Its innovative sensor technologies enhance overall vehicle safety and align with the industry's growing demand for ADAS.
 

Bumper Sensor Market Companies

Major players operating in the bumper sensor industry are:

  • Analog Devices, Inc.
  • Continental AG
  • Denso Corporation
  • Gentex Corporation
  • NXP Semiconductors
  • Robert Bosch GmbH
  • Valeo
     

Bumper Sensor Industry News

  • In February 2023, BMW and Valeo entered a strategic collaboration to co-develop an extraordinary Level 4 automated parking experience, setting new benchmarks in automotive innovation.
     
  • In January 2023, NXP introduced the Advanced Automotive Radar One-Chip Family. This product is specifically designed for the next generation of ADAS and Autonomous Driving Systems (ADS).
     

The bumper sensor market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

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Market, By Technology

  • Ultrasonic sensors
  • Electromagnetic sensors
  • Infrared sensors
  • Others

Market, By Application

  • Parking assistance
  • Blind spot detection
  • Cross-traffic alert

Market, By Vehicle Type

  • Passenger cars
  • Light trucks and SUVs
  • Commercial vehicles

Market, By Sales Channel

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for bumper sensor was valued at over USD 7 billion in 2023 and is estimated to register a CAGR of over 7% between 2024 and 2032, owing to the integration of these sensors with Advanced Driver Assistance Systems (ADAS).

The ultrasonic sensors segment in the bumper sensor market held a share of over 60% in 2023, due to the need for parking assistance and ADAS in automobiles.

Asia Pacific accounted for over 30% of the global bumper sensor market share in 2023, driven the increasing auto production, growing consumer consciousness regarding vehicle safety, and strict laws across the region

Analog Devices, Inc., Continental AG, Denso Corporation, Gentex Corporation, NXP Semiconductors, Robert Bosch GmbH and Valeo

Bumper Sensor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 347
  • Countries covered: 19
  • Pages: 200
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