Global Parking Sensors Market will boost considerable development prospects by 2023 | Top Most Players | Denso Corporation, Abbott Analog Devices Inc., Continental AG., Robert Bosch GmbH, Freescale Semiconductor Ltd., NXP Semiconductors N.V., Texas Instru

Competitive Insights
The major 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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Industry Trend Analysis Overview:
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.

Regional Insights
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.

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Market Segmentation-
By Technology
Ultrasonic
Electromagnetic

By Installation
OEM
Aftermarket

By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)

Installation Outlook and Trend Analysis
Parking sensors might be set up by the original equipment manufacturer (OEM) or during aftermarket services. The aftermarket sensors are considerably cost-effective than those which installed through OEM installation. This is mainly as genuine sensors set up by OEMs are built particularly for the model and make of the automobile being considered. Moreover, the fitment and construction of OEM parking sensors are advanced, hence it assures that they are long-lasting. Ultrasonic parking assist is comparatively cost-efficient, and cost of aftermarket systems is around USD 50. These ultrasonic parking sensors could also be set up by OEMs; though, costs in this situation vary from USD 500 to around USD 1,000. Electromagnetic sensors are more costly than their equivalents, with the costing of aftermarket installation around USD 100.

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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Parking Sensors Market, By Technology
4.1. Introduction
4.2. Global Parking Sensors Sales, Revenue and Market Share By Technology (2014-2017)
4.2.1. Global Parking Sensors Sales and Sales Share By Technology (2014-2017)
4.2.2. Global Parking Sensors Revenue and Revenue Share By Technology (2014-2017)
4.3. Parking Sensors Market Assessment and Forecast, By Technology, 2014-2023
4.4. Ultrasonic
4.4.1. Market Assessment and Forecast, By Region, 2014-2023 ($Million)
4.5. Electromagnetic
4.5.1. Market Assessment and Forecast, By Region, 2014-2023 ($Million)
5. Parking Sensors Market, By Installation
5.1. Introduction
5.2. Global Parking Sensors Sales, Revenue and Market Share By Installation (2014-2017)
5.2.1. Global Parking Sensors Sales and Sales Share By Installation (2014-2017)
5.2.2. Global Parking Sensors Revenue and Revenue Share By Installation 2014-2017)
5.3. The Parking Sensors Market Assessment and Forecast, By Installation, 2014-2023
5.4. OEM
5.4.1.1. Market Assessment and Forecast, By Region, 2014-2023 ($Million)
5.5. Aftermarket
5.5.1.1. Market Assessment and Forecast, By Region, 2014-2023 ($Million)
6. Parking Sensors Market, By Region
7. Company Profiles
…..CONTINUED FOR TOC

Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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