Parking Sensors Market Size to Expand Significantly by the End of 2023 | Denso Corporation, Abbott Analog Devices Inc., Continental AG., Robert Bosch GmbH, Freescale Semiconductor Ltd., NXP Semiconductors N.V

Crystal Market Research (CMR) render to you profound details in respect to leading participants, regions, application and type of the Parking Sensors Market which is estimated to encounter substantial growth over the forecast period 2014 - 2023.

Major Eminent Players:
The major Parking Sensors Market players are Denso Corporation, Abbott Analog Devices Inc., Continental AG., Robert Bosch GmbH, Freescale Semiconductor Ltd., NXP Semiconductors N.V., Texas Instruments Inc., BMW, Mercedes Benz, Hyundai, Ford Motor Company, Honda, Volkswagen, and Audi.

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The Global Parking Sensors Market is segmented as follows –
By Technology-
Ultrasonic
Electromagnetic

By Installation-
OEM
Aftermarket

Industry Trend Analysis:
The Global Parking Sensors Market is expected registering itself at a significant compound annual growth rate (CAGR) over the forecast period. Parking sensors can be referred as proximity sensors that are utilized in vehicles in an attempt to allow the vehicle driver to park vehicle safely. These are Advanced Driver Assistance Systems (ADAS) that warn the driver to any obstructions and are demonstrating to be predominantly useful owing to decreasing parking places and rising number of automobiles. The standard car has been experiencing altering dimensions, making it gradually more complex to park without inducing physical harm to the automobile. Also, parking sensors improve safety and can avert possible injury to pedestrians. According to the Transportation Department, a significant percentage of accidents happen while the automobile is in the reverse gear. These can be alleviated to a substantial degree utilizing parking sensors, which are introduced in the rear bumper bar of the automobile. In an attempt to preserve the aesthetical value of the automobile, they can be color synchronized with the exterior. They function in association with an internal siren or buzzer, which progressively increases in occurrence when the automobile draws close towards an object. An LCD display which is optional can also be mounted. It demonstrates the space between the vehicle and the obstruction. This assists as an efficient warning to the vehicle driver and can avoid a possible accident.

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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Parking Sensors Market, By Technology
4.1.Introduction
4.2.Global Parking Sensors Sales, Revenue and Market Share By Technology (2014-2017)
4.3.Parking Sensors Market Assessment and Forecast, By Technology, 2014-2023
4.4.Ultrasonic
4.5.Electromagnetic
5.Parking Sensors Market, By Installation
5.1.Introduction
5.2.Global Parking Sensors Sales, Revenue and Market Share By Installation (2014-2017)
5.3.The Parking Sensors Market Assessment and Forecast, By Installation, 2014-2023
5.4.OEM
5.5.Aftermarket
To be continued...

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Regional Outlook and Trend Analysis:
In 2012 North American regional market reported for 38.5% of the overall market and is anticipated to preserve its lead over the forecast years. Rising need for avoiding possible damage to the automobile due to driver’s fault and guarantee the safety for pedestrians is projected to be the major driving factors for the regional market growth. In addition, approaches by regulatory authorities are projected to fuel demand for the product in the approaching years. Ensuring safety is vital in thickly populated regions, which is anticipated to ensure as growing acceptance. The European market also reported for extensive market revenue share, and increasing high-end vehicles sales equipped with better-quality sensors is projected to boost the market growth. Asia Pacific region is predicted to be the highest growing regional industry, with an anticipated compound annual growth rate of 20.1% over the forecast period.

Features of the Parking Sensors Market Report:

The analysis of Parking Sensors Market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.

The key players in the market and their share in the global market are discussed.

The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.

The Parking Sensors Market report provides some important points related to growth factors, challenges, opportunities, end-user analysis and achievement and so on.

The latest trends that are being followed in the market are included along with an example.

How technological advancement and research, as well as development activities, are impacting the Parking Sensors Market is explained in detail.

The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.

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