Automatic Parking Sensor Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Automatic Parking Sensor Market Growth and Trends
Automatic Parking Sensor Industry Regional Analysis
Automatic Parking Sensor Market Research Report Scope/Definition
For the purpose of this market report, automatic parking sensors are a type of sensors mostly installed at the back bumper of automobiles and is used to assist the driver in identifying close vehicles while parking. The automatic parking sensors detect obstructions around the vehicle when the vehicle is driven slowly. Automatic parking sensors are widely used parking systems. The automatic sensors are mounted on bumpers since the distance of the obstacles from the range of the car and automatically provide an audio or visual alert to the driver. The popularity of automatic parking sensors has risen due to the increase in automobile dimensions and a reduction in the dimension of parking areas. Automatic parking sensors offer advantages such as; decrease in the invisible area in the area of the vehicle simplifies the complex task of parking within narrow places. Automatic parking sensors help reduce driver exhaustion during car parking. The improved view of the parking area ensures a reduced probability of accidents caused by close objects.
Automatic Parking Sensor Market Share and Competition
Key companies operating in this industry are: Analog Devices Inc., Aptiv PLC, Continental AG, CTS Corp., DENSO Corp., Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Robert Bosch GmbH, Sensata Technologies Holding plc, and Valeo SA.
Automatic Parking Sensor Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2021 - 2028)
• Ultrasonic sensors
• Electromagnetic sensors
• Application
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Passenger cars
• Commercial vehicles
End-User Analysis (Revenue, USD Million, 2021 - 2028)
• OEM
• Aftermarket
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Automatic Parking Sensor Industry Companies
• Analogue Devices Inc.
• Aptiv PLC
• Continental AG
• CTS Corp.
• DENSO Corp.
• Murata Manufacturing Co. Ltd.
• NXP Semiconductors NV
• Robert Bosch GmbH
• Sensata Technologies Holding plc
• Valeo SA
Available Versions of Automatic Parking Sensor Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India In8dustry Research Report
