slide 1: Automotive Parking Market by Region America Europe Asia Pacific Middle East and Africa South
America forecast till 2023
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Automotive Parking Market
Research Report - Global Forecast
to 2023
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slide 2: Automotive Parking Market by Region America Europe Asia Pacific Middle East and Africa South
America forecast till 2023
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Summary:
Automotive Parking Sensors Market Research Report: Information by Type Reverse
sensors front sensors Technology Ultrasonic Electromagnetic Infrared Laser Sales
Channel OEM Aftermarket Vehicle Type Passenger Car LCV HCV and Region - Global
Forecast till 2023
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Automotive Parking market is estimated to witness 7.5 CAGR during the forecast
period from 2019 to 2023.
Automotive Parking market overview:
Automotive parking sensors are specially designed proximity sensors that are fitted
either on the front rear or both ends of vehicles. They are a part of the Advanced Driver
Assistance System ADAS and alert the driver of any obstacles while parking. These
sensors also ensure optimum utilization of parking space which can reduce the problem
of parking space scarcity slightly. Lack of parking spaces especially in crowded cities due
to overcrowding has been a cause of concern for many years. However this challenge
can be overcome by using a set of parking sensors that come fitted with the vehicle via
OEMs or can be installed in the aftermarket.
The development of parking sensors is considered to be one of the successes in the
recent technological developments in the automotive industry. Some of the vehicles are
equipped with screens in the dashboards that are connected to a camera enabling the
driver to have a clear view of the spaces that are otherwise considered blind spots. This
also leads to safety of pedestrians particularly children are not easily visible to the driver
Key Players Analyzed in This Report are:
The prominent players in the global Automotive Parking Sensors Market include Robert
Bosch GmbH Germany Aptiv PLC Greece Denso Corporation Japan NXP
Semiconductors N.V. the Netherlands Valeo France Autoliv Inc. Sweden Gentex
Corporation U.S. Continental AG Germany TGS Group UK and Murata
Manufacturing Co. Ltd. Japan.
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America forecast till 2023
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Automotive Parking Market Segmentation:
Global Automotive Parking market is segmented on the basis of type material distribution
channel end-use and region.
On the basis of type the market has been segmented as threaded and non-threaded.
On the basis of material the market has been segmented as iron aluminum stainless
steel nickel and others.
On the basis of distribution channel the market has been segmented as OEM and
aftermarket.
On the basis of end-use the market has been segmented as removable semi-permanent
and permanent.
Regional Analysis:
Geographically the global Automotive Parking Sensors market has been segmented into
four major regions namely North America Europe Asia-Pacific and the Rest of the
World. Europe is estimated to account for a significant market share in the global
automotive parking sensors market. The market in this region is dominated by major
automobile manufacturing countries such as Germany and France. Besides stringent
regulations regarding pedestrian safety have compelled automotive OEMs to install
safety features such as parking sensors in vehicles.
Report Coverage:
The report for global Automotive Parking Sensors Market of Market Research Future
covers extensive primary research. This is accompanied with detailed analysis of
qualitative and quantitative aspects by various industry experts and key opinion leaders
to gain deeper insights into the market and industry performance. The report gives a
clear picture of the current market scenario which includes the historical and forecasted
market size in terms of value and volume technological advancement macroeconomic
and governing factors of the market. The report provides comprehensive information
about the strategies of the top companies in the industry along with a broad study of
the different market segments and regions.
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