Bumper Sensor
Market Scope, Industry Trends, Share & Forecast 2024 – 2032

Global Bumper
Sensor Market size will witness over 7% CAGR between 2024 and 2032, driven by
rising production capacities from industry leaders. As leading companies invest
in expanding their manufacturing capabilities, they bolster the availability of
bumper sensors to meet growing market requirements.

For instance,
in May 2023, Valeo, a global leader in automated driver assistance systems
(ADAS), celebrated a significant milestone by producing its one-millionth
ultrasonic sensor at its facility in Sanand, Gujarat. The Valeo Product Group
specializes in designing and manufacturing a range of sensors, including
Ultrasonic sensors, Lidars, Radars, Satellite/Smart Cameras, and Compute Units.
These sensors, when integrated with applications, detect obstacles around
vehicles, enhancing driving and parking safety. The production of parking
sensors at the Sanand location commenced in November 2021, featuring rear
parking sensors equipped with four flush-mount ultrasonic sensors mounted on
the vehicle's bumper and a loudspeaker to alert the driver of obstacles.

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Growth
Drivers:             

·      
Combination
of advanced driver assistance systems (ADAS)

·      
Reduction
in accidents and insurance claims

·      
Regulatory
requirements boosting bumper sensor consumption

·      
Advancements
in sensor technologies

·      
Expanding
automotive sector boosting demand for bumper sensors

This surge in
production capacity not only ensures sufficient supply but also promotes market
competitiveness and innovation. With advanced technologies and efficient
production processes, companies cater to diverse applications across
automotive, transportation, and safety sectors, driving the demand for bumper
sensors.

The overall
Bumper Sensor Industry is classified based on the technology, application,
vehicle type, sales channel, and region.

The
electromagnetic sensors segment will undergo significant development from 2024
to 2032. These sensors play a crucial role in modern automotive safety systems,
detecting obstacles and aiding in collision avoidance. As electromagnetic
sensors offer high accuracy and reliability, they are increasingly integrated
into bumper sensor systems to enhance vehicle safety. With the growing emphasis
on advanced driver assistance systems (ADAS) and vehicle automation, the demand
for electromagnetic bumper sensors continues to rise, driving growth in the
market.

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The bumper
sensor market share from the parking assistance segment will register a
noteworthy CAGR from 2024 to 2032. As drivers seek convenience and safety while
maneuvering vehicles in tight spaces, parking assistance sensors play a crucial
role in enhancing parking accuracy and preventing collisions. With the
increasing adoption of advanced driver assistance technologies, the demand for
bumper sensors equipped with parking assistance features continues to escalate.
Manufacturers are innovating to meet this demand, driving growth in the bumper
sensor market and improving the overall driving experience.

Europe bumper
sensor market will showcase a commendable CAGR from 2024 to 2032. As European
countries prioritize vehicle safety, bumper sensors become integral components
in collision avoidance systems, enhancing pedestrian and passenger safety.
Additionally, with the rise of urbanization and congestion in European cities,
parking assistance features equipped with bumper sensors are in high demand,
contributing to market growth. With a focus on safety, convenience, and
regulatory compliance, Europe continues to fuel the demand for bumper sensors
in the automotive industry.

For instance,
in 2023, Wideye presented its ADAS Sensor Integration at IAA MOBILITY 2023,
supported by AGC Automotive Europe, a leading European automotive glass
subsidiary of the AGC Group. Wideye showcased five cutting-edge ADAS sensor
integrations in a concept vehicle, enabling seamless mounting of optical
sensors (cameras and LiDARs). These integrations adhere to OEM standards and
integration trends, with sensors positioned on the roof, on the B-pillar,
behind the windshield, fender, and bumper.

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