A new study by Hexa Research estimated that the global parking sensors
market was worth more than $2,500 million in 2012. Parking sensors
assist drivers in parking their vehicles and alert them in case of an
obstacle. They prevent pedestrian injury. Increasing space crunch and
altered dimensions of common cars are paving the way for higher demand
of parking sensors.
Based on technology, Hexa Research segments the total global parking
sensors market into ultrasonic and electromagnetic sensors. Ultrasonic
parking sensors contributed to more than 65% of the total market share
in 2012. They are likely to continue market dominance in the coming
years. However, electromagnetic parking sensors will witness faster
growth with a CAGR of more than 19% from 2013 to 2020. These sensors
retain the aesthetic appeal of the vehicle and are self-diagnostic. They
also come with a maintenance system.
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Approximately 80% of the market comprised of installations made by
Original Equipment Manufacturers (OEMs). They offer better construction
and fitment and are therefore highly preferred. These installations are
priced much higher than those available in the aftermarket segment, thus
contributing to higher overall revenues.
Hexa Research observed that North America, with more than 38% share,
was a leading region in the global parking sensors market in 2012. The
region is expected to continue its leadership in future owing to
regulatory initiatives. European region will generate demand for parking
sensors in future due to rising sales of top-end vehicles that are
fitted with high-quality parking sensors. Asia Pacific is likely to
account for the fastest rise in future and will grow at a CAGR of 20%
from 2013 to 2020.
Key market operators in the global parking sensors industry are Texas
Instruments, Inc., Audi, Freescale Semiconductor Ltd., Continental AG,
Volkswagen, etc. The market includes both, manufacturers of parking
sensors and OEMs.
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Table Of Content
1.1 Parking Sensors – Industry Summary & Critical Success Factors (CSFs)
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Parking Sensors Value Chain Analysis
2.4 Parking Sensors Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Parking Sensors - Company Market Share Analysis
2.8 Parking Sensors - PESTEL Analysis
3.1 Ultrasonic
3.2 Electromagnetic
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4.1 OEM
4.2 Aftermarket
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 RoW
6.1 Abbott Analog Devices Inc.
6.2 Continental AG
6.3 Denso Corporation
6.4 Freescale Semiconductor Ltd.
6.5 NXP Semiconductors N.V.
6.6 Robert Bosch GmbH
6.7 Texas Instruments Inc.
6.8 BMW
7.1 Research Methodology
7.2 Research Scope & Assumption
7.3 List of Data Sources
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About Us:
Hexa Reports is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
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Felton, California, 95018,
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Phone Number
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Email Us: sales@hexareports.com
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