Parking Sensors Market by Manufacturers, Countries, Type and Application, Forecast to 2022
According to Stratistics
MRC, the Global Parking Sensors Market is accounted for $5,363.4 million in
2016 and expected to grow at a CAGR of 24.2% to reach $24,467.2 million by
2023. Factors such as helping to prevent injury to pedestrians and adoption of LiDAR
in parking assist system will drive the market growth. However, high
replacement cost and limited detection range of the sensors are the factors
restraining the market.
By technology, ultrasonic
parking sensors dominated the global market due to the rising demand for
parking assist systems among low and mid segment vehicles. Also, the segment’s
command is mainly due to the improved accessibility and the dropping price of
ultrasonic sensors. These sensors use sound waves to detect the obstacle
whether the vehicle is in motion or at rest.
Based on geography, North America is leading the global market due to rising sales of high and mid level cars, growing population of baby boomers and increased acceptance of luxury cars by baby boomers, will drive the market’s growth prospects in this region. Moreover, Asia Pacific is expected to be the fastest growing region during the forecast period.
Some of the key players in this market include Robert Bosch GmbH, Continental AG, NXP Semiconductors N.V., Freescale Semiconductor Ltd., Abbott Analog Devices Inc., Denso Corporation, BMW, Ford Motor Company, Mercedes Benz (Parktronic), Texas Instruments Inc., Audi, Honda, Volkswagen, Parking Dynamics, Hyundai, Murata Manufacturing, Valeo, Black Cat Security, Proxel and Nippon Audiotronix.
Technologies Covered:
• Ultrasonic
• Electromagnetic
Based on geography, North America is leading the global market due to rising sales of high and mid level cars, growing population of baby boomers and increased acceptance of luxury cars by baby boomers, will drive the market’s growth prospects in this region. Moreover, Asia Pacific is expected to be the fastest growing region during the forecast period.
Some of the key players in this market include Robert Bosch GmbH, Continental AG, NXP Semiconductors N.V., Freescale Semiconductor Ltd., Abbott Analog Devices Inc., Denso Corporation, BMW, Ford Motor Company, Mercedes Benz (Parktronic), Texas Instruments Inc., Audi, Honda, Volkswagen, Parking Dynamics, Hyundai, Murata Manufacturing, Valeo, Black Cat Security, Proxel and Nippon Audiotronix.
Technologies Covered:
• Ultrasonic
• Electromagnetic
Full report with Table of Content:
https://marketreportscenter.com/reports/571506/parking-sensors-global-market-outlook-2017-2023
Applications Covered:
• Original Equipment Manufacturers (OEMs)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
• Original Equipment Manufacturers (OEMs)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
…
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