Bumper Sensor Market to Witness Growth Acceleration by 2031


Posted October 25, 2024 by Tan8121

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. 

 
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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Bumper sensors play a crucial role in preventing collisions, especially at low speeds during parking maneuvers or reversing out of driveways by detecting obstacles and providing warnings or triggering automatic braking systems, they significantly reduce the risk of accidents. With fewer accidents, there are fewer insurance claims filed, reducing overall costs for both drivers and insurance companies. Vehicle ratings are determined by independent safety groups and regulatory agencies using a variety of factors, such as collision avoidance features. Higher safety ratings are attained with the use of bumper sensors, and this can be a major selling factor 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

Market Segmentation

Global Bumper Sensor Market by Vehicle Type

Passenger Cars
Commercial Vehicles

Global Bumper Sensor Market by Technology

Electromagnetic Sensors
Ultrasonic Sensors

Global Bumper Sensor Market by Application

Blind Spot Detection
Cross-Traffic Alert
Parking Assistance
Others (Collision Avoidance, Pedestrian Detection)

Company Profiles 

Cleverciti Systems GmbH
Denso Corporation
Ford Motor Company
HELLA GmbH & Co. KGaA
Manorshi Electronics Co., Ltd.
Murata Manufacturing Co., Ltd.
Nedap FZE
Steelmate Automotive Ltd
Texas Instruments, Inc.
Triscan A/S
Valeo SA
Xvision, Ltd.

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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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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Last Updated October 25, 2024