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Bumper Sensor Market Share

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

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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

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