Press release
Automotive Parking Radar Market to Witness Robust Expansion by 2023
This report studies the Automotive Parking Radar market. This report studies the Automotive Parking Radar market. Parking Radars (or Parking Sensor) are designed to alert the driver about obstacles while parking or reversing. The use of display along with parking Radar gives a more precise look to understand quickly about the obstacle in terms of distance and representation.
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Global Automotive Parking Radar Market: Forecast by Type / Application / Region
The global production of automotive parking radar is about 273 M Units in 2016, Europe is the largest production region in 2016, the production is about 82 M Units in 2016, the market share is about 30%; North America is the second largest production region in 2016, the production is about 68 M Units in 2016, the market share is about 25%;
The global consumption of automotive parking radar is about 273 M Units in 2016, Europe is also the largest consumption region in 2016, the consumption is about 76.5 M Unit, the market share is about 28%; China is the second largest consumption region in 2016, the consumption is about 65 M Unit, the market share is about 24%;
The average price of automotive parking radar is about 15.5 USD per Unit in 2016, the average gross margin is about 20%, the price shows down trend and the gross margin has the similar trend;
Over the next five years, LPI(LP Information) projects that Automotive Parking Radar will register a 7.1% CAGR in terms of revenue, reach US$ 6810 million by 2023, from US$ 4510 million in 2017.
Global Automotive Parking Radar Market: Key Players
Bosch
Denso
Fujitsu Ten
Continental
Autoliv
Delphi
ZF
Valeo
Hella
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Related Information:
United States Automotive Parking Radar Market Research Report 2018
Europe Automotive Parking Radar Market Research Report 2018
North America Automotive Parking Radar Market Research Report 2018
Asia-Pacific Automotive Parking Radar Market Research Report 2018
China Automotive Parking Radar Market Research Report 2018
EMEA Automotive Parking Radar Market Research Report 2018
Global Automotive Parking Radar Market Research Report 2018
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