+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Parking Sensors Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2015 - 2023

Pre Book Price: $ 5216

Original Price: $ 5795

Parking sensors could be defined as the proximity sensors which are needed in the automotive to assist the driver to park the vehicle safely and hassle free. The sensors used are the Advanced Driver Assistance Systems (ADAS) that helps the driver by giving an alert signal when there is an obstacles. Parking sensors assembles the information about the availability of space in the parking lots and coordinates between the cars to monitor them to find free space for parking. It uses advanced technologies to aid cars to locate, pay and reserve for parking space. The sensors provides real-time information through changeable message signs to drivers.

The ultrasonic parking sensors uses sound waves to detect the obstacle whether the vehicle is in motion or at rest while the electromagnetic sensors uses magnetic waves to detect the obstacle. Electromagnetic sensors are self-diagnostic and are equipped with a maintenance system. Some of the major drivers of this market are related to the benefits of sensor parking which includes easy identification of vacant parking spaces, effectiveness in terms of time and cost savings related to fuel efficiency. The main factor that isrestraining the growth of this market islimited detection range of the sensors. The biggest opportunity for this market is the technological advancement in artificial intelligence which would make the system operator independent.

The market could be segmented on the basis of technologies which includes ultrasonic sensors and electromagnetic sensorsIn addition, the market could be segmented on the basis of geography which includes North America, Europe, Asia-Pacific and RoW.

Some of the key players dominating this market are Abbott Analog Devices Inc., Denso Corporation, Continental AG., Freescale Semiconductor Ltd., Robert Bosch GmbH, NXP Semiconductors N.V., BMW, Texas Instruments Inc., Mercedes Benz, Ford Motor Company, Audi, Honda, Hyundai and Volkswagen among others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

To receive discount, please click on the button below.

Please click on the button below to customize this report.

Back To Top