Ultrasonic parking sensors accounted for the highest share in the parking sensors market in 2015 and is expected to be the dominant technology that will be used by the end of the forecast period. The ultrasonic parking sensor is able to measure distances through the aid of sound waves. Electromagnetic sensors on the other hand utilize magnetic waves to detect obstructions. The results from both of these sensors are more or less the same, however, companies are now looking at the integration of parking sensors along with smart systems which would be able to provide real time information on parking availability in a city, allow the driver to book a parking space in advance and so on.
In terms of fitment type, OEM fitments are on the rise. Parking sensors were originally offered in luxury vehicles, however, as of 2015, mid-range vehicles ranging from hatch-backs to sedans are also fitted with parking sensors. In the initial years, parking sensors were not made available across all range of vehicles and hence there was a big market for after-market parking sensors.
In terms of regional distribution, North America accounted for more than 40% of the overall parking sensors market with most of the contribution coming from the United States. The United States was one of the earlier adopters of parking sensors across all ranges of vehicles. The APAC region however is expected to exhibit the highest growth during the forecast period. This is evident from the high sales of vehicles taking place in the emerging economies in the region.
In terms of technology, the market has been divided into the following Ultrasonic sensors and electromagnetic sensors. The Parking sensors market has also been segmented by the following fitment types OEM and after-market. The Parking sensors market has also been segmented by the following geographies Americas, APAC, Europe and ROW.
Following are just a few of the companies that are operating in the Parking sensors market:
Abbott Analog Devices Inc.
Please Note: The report is to be delivered in 1-2 working days after an order is placed.
2. Executive Summary
3. Parking Sensors – Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End User Profiling
3.2.3. Top 5 Financials Analysis
4. Parking Sensors– Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Parking Sensors Market
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
5. Parking Sensors – Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors
6. Parking Sensors Market- By Technology:
6.1. Ultrasonic Sensors
6.2. Electromagnetic Sensors
7. Parking Sensors market- By Fitment Type:
8. Parking Sensors Market– By Geography:
8.1. Global Study
8.2.1. North America
9. Market Entropy
9.1. New Product Launches
9.2. M&As, Collaborations, JVs and Partnerships
10. Company Profiles
10.1. Abbott Analog Devices Inc
10.4. Continental AG
10.5. Denso Corporation
10.6. Ford Motor Company
10.7. Freescale Semiconductor Ltd
10.10. Mercedes Benz
10.11. NXP Semiconductors N.V
10.12. Robert Bosch GmbH
10.13. Texas Instruments Inc
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"
11.3. Research Methodology
11.5. Compilation of Expert Insights