Parking Sensors Market Insights 2022 Industry Share, Growth Rate, Business Opportunities to Forecast 2028 | Bosch, DENSO, Valeo

Global "Parking Sensors Market" (2022-2028) research report gives most upcoming industry information on the market situation and future outlook. This report provides you analysis of Parking Sensors market size, share, future growth, and cost structure, statistical and comprehensive data of the global market. The report is beneficial for strategists and industry players to plan their future business strategies. This is an in-depth market report, provides all you need to know about the Parking Sensors Market. It includes the market news and updates about the market current situation, historic data, present market trends, and this factor which is valuable and supportive to the business.

With tables and figures helping analyze worldwide Global Parking Sensors market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Looking forward market size is expectable to grow +21.3% CAGR during 2022-2028.

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Top Prominent Players Mentioned in this report:

This report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Key companies covered as a part of this study include: Bosch, DENSO, Valeo, Proxel, Texas Instruments, NXP Semiconductors, Heraeus Sensor Technology, Xvision, Steelmate Automotive, Steelmate, and others.

Industry News And Updates:

Denso has acquired 6 companies, including 2 in the last 5 years. Denso has acquired in 2 different US states, and 4 countries. The Company's most targeted sectors include automotive (34%) and software (34%).

NXP Semiconductors has acquired 5 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets. NXP Semiconductors' largest acquisition to date was in 2015, when it acquired FreeScale Semiconductor for $11.8B. It's largest disclosed sale occurred in 2011, when it sold NXP s Sound Solutions Business to Dover for $855M. NXP Semiconductors has acquired in 3 different US states, and 2 countries. The Company's most targeted sectors include semiconductors (80%) and information technology (20%).

Global Parking Sensors Market Segmentation:

Market segment by Type:

Electromagnetic Parking Sensor

Ultrasonic Reversing Sensor

Market segment by Application:

Passenger Vehicles

Commercial Vehicles

Regional Insight:

The Middle East and Africa (Turkey, GCC Countries, Egypt, South Africa)

North America (United States, Mexico, and Canada)

South America (Brazil etc.)

Europe (Germany, Russia, UK, Italy, France, etc.)

Asia-Pacific (China, Japan, Philippines, Korea, India, Indonesia, and Australia)

Regional Analysis:

North America is expected to be the key regional market over the forecast period owing to the increasing demand for advanced driver assistance systems (ADAS) in this region. The Asia Pacific is anticipated to witness significant growth over the next eight years due to rapid urbanization and the increasing disposable income of consumers. Moreover, the rising number of smart city initiatives by governments across various countries will boost industry growth shortly. Europe accounted for more than 25% share of global revenue and is expected to grow at a CAGR exceeding 6% from 2022-2028 on account of stringent regulations regarding the use of fuel-efficient vehicles by the European government will result in increased adoption of parking sensors technology across this region. The Middle East & Africa (MEA) accounted for more than a 10% share of global revenue.

the Asia Pacific parking sensors industry will account for a remarkable share by 2028. This can be attributed to the considerable increase in auto retail sales due to the gradual ease in coronavirus restrictions in emerging economies like India and China. In July 2021, passenger vehicle sales surged by 63% to 2,61,744 units in India. Moreover, the rapid establishment of smart parking systems is projected to further push the demand for parking sensors in the region. Hong Kong Science and Technology Parks Corporation, for instance, unveiled its first automated robotic parking system, featuring sensors and other technologies, to deliver an enhanced car parking experience.

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This report aims to provide:

- A qualitative and quantitative analysis of the current trends, dynamics, and estimations from 2022 to 2028.

- The analysis tools such as SWOT analysis and Porter's five force analysis are utilized, which explain the potency of the buyers and suppliers to make profit-oriented decisions and strengthen their business.

- The in-depth market segmentation analysis helps identify the prevailing market opportunities.

- In the end, this Parking Sensors report helps to save you time and money by delivering unbiased information under one roof.

Key question answered in this report

What will the market size be in 2028 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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Table of Contents: Parking Sensors Market

Part 1: Overview of Parking Sensors Market

Part 2: Global Parking Sensors Market Status and Forecast by Regions

Part 3: Global Market Status and Forecast by Types

Part 4: Global Market Status and Forecast by Downstream Industry

Part 5: Market Driving Factor Analysis

Part 6: Market Competition Status by Major Manufacturers

Part 7: Major Manufacturers Introduction and Market Data

Part 8: Upstream and Downstream Market Analysis

Part 9: Cost and Gross Margin Analysis

Part 10: Marketing Status Analysis

Part 11: Market Report Conclusion

Part 12: Parking Sensors: Research Methodology and Reference

Finally, the Parking Sensors Market report is the believable source for gaining the market research that will exponentially accelerate your business.

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