Bumper sensor market is anticipated to grow at a CAGR of 12.5% during the forecast period (2024-2031). A bumper sensor is a proximity sensor typically mounted on the bumpers of a vehicle to detect objects close to the vehicle, typically at the front and rear. They are most commonly used in cars, but can also be found on trucks, buses, and other motorized vehicles.
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Globally, the automotive industry is expanding with more cars being manufactured and sold, there’s a natural rise in demand for all the components that make up a vehicle, including bumper sensors. High-end car models often come equipped with advanced bumper sensors that offer greater functionality, such as multifunctionality and improved accuracy. Additionally, the expanding automotive sector also encompasses electric vehicles, autonomous vehicles, and other emerging segments. These new segments might have specific requirements for bumper sensors, further diversifying the market and creating new opportunities for manufacturers.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Bumper Sensor Market Report Segment
By Vehicle Type
- Commercial Vehicles
- Passenger Cars
By Technology
- Electromagnetic Sensors
- Ultrasonic Sensors
By Application
- Blind Spot Detection
- Cross-traffic Alert
- Parking Assistance
- Others (Collision Avoidance, Pedestrian Detection)
Global Bumper Sensor Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bumper sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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