Automotive Parking Sensor Market 2022-2027
New Study Reports “Automotive Parking Sensor Market 2022 Global Opportunities, Challenges, Strategies and Forecasts 2027” has been Added on PersistenceMarketResearch.
Report Details:
Automotive Parking sensor is proximity sensor that is integrated with driver assistance system and acknowledge the driver with required information on the proximity of the automobile to an object. Automotive Parking Sensor also provide safety to an automobile and information to the driver on the availability within the designated area.
Automotive Parking Sensor gives better driving experience and enhance the rear view of the driver. There are basically two types of parking sensors ultrasonic and electromagnetic. In ultrasonic sensor using the ultrasonic wave and an electronic control unit to detect the obstacle in the back and rear side of the vehicle while electromagnetic sensor utilize magnetic waves to detect obstructions.
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Key Players:
The report has profiled some of the important players prevalent in the global like – Autoliv Inc., Valeo Inc., Gentex Corporation, DENSO Corporation, Delphi Automotive LLP, Abbott Analog Devices Inc., Continental AG., Freescale Semiconductor Ltd., Robert Bosch GMBH, NXP Semiconductors N.V., Texas Instruments Inc., Ford Motor Company and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Automotive Parking Sensor.
Automotive Parking Sensor Market: Market Dynamics
Automotive Parking Sensor Market is projected to boost the growth due to increase in demand for drive assistance sensors and aftermarket sales of parking Sensors of automobiles. The increasing impact of new car assessment program (NCAP) is one of the main factor that accelerate the growth of global automotive Parking Sensor market in the future.
Rising demand of passenger cars incorporated with increasing awareness of the people toward safety, in turn, boost the sales and demand of automotive Parking Sensor. This factor will fuel the growth of automotive Parking Sensor market. Increasing demand of driver assistance systems as well as demand of advanced technologies in the automobiles are some other factors that lifted the automotive Parking Sensor market.
Moreover, some insurance company offer insurance premium discount for vehicles equipped with advanced technologies. This factor is anticipated for the growth of the automotive parking sensor market. Government of several countries across the globe started implementing stringent safety regulations regarding automobiles that mandate the development and adoption of these systems.
High initial and installation cost of automotive Parking Sensors in automobiles as well as high replacement cost associated with automotive parking sensors can act as a restraint to the sales of the automotive Parking Sensor in the market.
Moreover, rising prices of vehicles along with high cost incurred in design and testing is also estimated to hinder the growth of said market in the future. Over dependency of safety system is impacting the driving skills that is also a challenge for the automotive parking sensor market.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Automotive Parking Sensor Market Manufacturers
Automotive Parking Sensor Market Distributors/Traders/Wholesalers
Automotive Parking Sensor Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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