Global Automotive Parking Sensors Market 2016-2020

About Automotive Parking Sensors

Parking sensors are designed to alert the driver about obstacles while parking or reversing. The use of display along with parking sensor gives a more precise look to understand quickly about the obstacle in terms of distance and representation. As a result, the automotive industry is progressively witnessing the adoption of parking sensors.

Technavio’s analysts forecast the global automotive parking sensors market to grow at a CAGR of 23.90% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive parking sensors market for 2016-2020. To calculate the market size, the report considers the revenue of automotive parking sensors across all regions.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Automotive Parking Sensors Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Bosch
• DENSO
• Murata Manufacturing
• NXP Semiconductors
• Texas Instruments
• Valeo

Other prominent vendors
• Black Cat Security
• Nippon Audiotronix
• Parking Dynamics
• Proxel

Market driver
• Legislation standards for backup camera to push adoption of parking sensors.
• For a full, detailed list, view our report

Market challenge
• High replacement cost associated with parking sensor system.
• For a full, detailed list, view our report

Market trend
• Adoption of LiDAR in parking assist system.
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2020 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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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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