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

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.

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.

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.