Ultrasonic radar is facing a digital overhaul, with a global market of $14.5 billion by 2026
As a traditional configuration of automobile sensor, ultrasonic radar has become a necessary component of various sensor schemes because of its unique technical performance and price advantage. In 2021, NETA, a Chinese-made car with a low price of less than $10,000, is equipped with 12 ultrasonic radars for AVP, which gives the industry great confidence in the future growth of “the 12 project”.
The development of the global ultrasonic radar market presents several characteristics in 2021:
1.The 12 ultrasonic radar schemes accounted for 28.62% in the world, which is expected to reach 55.35% by 2025
The Automatic Parking system adds 4 UPA (Ultrasonic Parking Assistant) and 4 APA (Automatic Parking Assistant) Ultrasonic sensors on the basis of the reversing radar system. Together with the 4 ultrasonic sensors required for reversing radar, a total of 12 are installed on passenger vehicles L2 and above.
The Automatic Parking system is on the basis of reversing radar system to add 4 UPA (Ultrasonic Parking Assistant) and 4 APA (Automatic Parking Assistant) ultrasonic sensors. Together with 4 ultrasonic sensors required for reversing radar, a total of 12 are installed on L2 class vehicles and above.
In 2021, the global proportion of 12 ultrasonic radar schemes reached 28.62%, and is expected to reach 55.35% by 2025.
2. The number of ultrasonic radars installed in passenger vehicles reached 550 million in 2021 and is expected to reach 970 million by 2026
The growth rate of ultrasonic radar market in 2021 is the peak of the next few years. As the application matures, the growth of ultrasonic radar installation will increase with the increase of the number of intelligent vehicles. In the short and medium term, the penetration rate of ultrasonic radar market will continue to ascend.
In the long term, however, ultrasonic radar will be partially or completely replaced by millimeter wave radar with better comprehensive performance in advanced autonomous vehicles. It is predicted that the passenger vehicle ultrasonic radar market will maintain an annual growth rate of 10% in the future and is expected to exceed 1 billion after 2026.
3. The market will explode in 2021 with a growth rate of 35.9%, and the global installation market is expected to reach $14.5 billion in 2026
The impact of Corona-19 on the global automotive industry in 2021 is lower than expected and the proportion of intelligent driving vehicles in the world has increased significantly, which is due to the downturn in the global market in 2020. On the other hand, it also indicates that the technology and market match has reached a good point.
The global ultrasonic radar market, based on the caliber of installation, reached $8.8 billion in 2021 and is expected to reach US $14.5 billion by 2026.
4. Digitization and amalgamation are two major technical trends of ultrasonic radar
Digital signal is the prerequisite to realize intelligent driving and unmanned driving. At present, ultrasonic radar is still mainly "analog", which has the advantage of low cost but easy to be interfered by external environment. The digital signal of "digital" technology route can greatly improve the anti-jamming ability of radar. 4 line and 2 line digital in the next few years will gradually occupy a part of the market. In addition, more sensors are added on the basis of APA sensors, such as forward-looking cameras, millimeter wave angle radar and high-precision positioning.
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