Parking Sensors Global Market 2023: Analysed by Business Growth, Development Factors, Applications, and Future Prospects

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.

Get sample copy of the Report: http://www.reportsweb.com/inquiry&RW00011415579/sample

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.

Enquire about Discount on Report: http://www.reportsweb.com/inquiry&RW00011415579/discount

Table of Content:

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Parking Sensors Market, By Technology
5.1 Introduction
5.2 Ultrasonic
5.3 Electromagnetic

6 Global Parking Sensors Market, By End User
6.1 Introduction
6.2 Original Equipment Manufacturers (OEMs)
6.3 Aftermarket

8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies

9 Company Profiling
9.1 Robert Bosch GmbH
9.2 Continental AG
9.3 NXP Semiconductors N.V.
9.4 Freescale Semiconductor Ltd.
9.5 Abbott Analog Devices Inc.
9.6 Denso Corporation
9.7 BMW
9.8 Ford Motor Company
9.9 Mercedes Benz (Parktronic)
9.10 Texas Instruments Inc.
9.11 Audi
9.12 Honda
9.13 Volkswagen
9.14 Parking Dynamics
9.15 Hyundai
9.16 Murata Manufacturing
9.17 Valeo
9.18 Black Cat Security
9.19 Proxel
9.20 Nippon Audiotronix

Know more about Report: http://www.reportsweb.com/parking-sensors-global-market-outlook-2017-2023

About us:

ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

Contact us:
Phone : +1-646-491-9876
E-Mail : sales@reportsweb.com

This release was published on openPR.