Parking Sensors Market Report 2020-26 | Revenue & Growth Forecast
Category: #Technology  By Partha Ray  Date: 2020-05-21
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Parking Sensors Market Report 2020-26 | Revenue & Growth Forecast

A detailed synopsis of the parking sensors market has been presented in this research report. The synopsis has been charted out keeping in mind certain vital parameters such as global trends, industry insights, growth drivers, industry ecosystem analysis, and market segmentation. Details about the various companies constituting he competitive landscape of parking sensors industry as well as the regional bifurcation of this industry from a global standpoint is outlined in the study, in addition to the impact of the regulatory frame of reference worldwide.

The governments in several countries are implementing strict regulations that mandate the installation and development of these systems to ensure safety and reduce the impact & occurrences of collisions. Increasing number of vehicle accidents due to drivers’ faults is forcing the governing bodies to mandate adherence to regulatory standards for adopting advanced technologies in vehicles to minimize fatalities and accidents. For instance, 76% of vehicle fatalities are accounted to be due to drivers’ faults. Growing legislative pressure is anticipated to force the automobile manufacturers to install automotive safety systems, which would promote the growth of parking sensors market.

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What are some of the pivotal parameters that the parking sensors market report encompasses pertaining to the installation landscape?

Parking sensors market segmentation as per the installation landscape: OEM and aftermarket.

Market Share:

•             The market share accounted for by each of the installation segments in the industry.

•             The market share that each of the sub-segments are projected to hold in the parking sensors inddustry.

Revenue:

•             The target remuneration that the installation segments will accrue by the end of the forecast period.

•             The growth rate which the installation segments will depict over the projected duration.


The parking sensors market is segmented on the basis of installation and technology. On the basis of technology, these components are classified into electromagnetic and ultrasound. The ultrasonic sensors use sound waves to sense obstacles and electromagnetic type uses magnetic waves. The electromagnetic type is equipped with maintenance system and is self-diagnostic. Superior design due to transceiver adhesive strips and preservation of vehicles’ aesthetic appearance are expected to drive parking sensors industry growth during the forecast period.

 

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The parking sensors market research document is an extensive collection of pivotal insights pertaining to the industry. In a nutshell, the parking sensors industry study aims to educate potential investors about the market scenario and future prospects. The report also endorses details about the industry pitfalls and challenges as well as the industry impact forces.

Some of the key parking sensors market players include Abbott Analog Devices, Inc., Volkswagen, Denso Corporation, Honda, Hyundai, Continental AG, Robert Bosch GmbH, Ford Motor Company, Audi, Mercedes Benz, NXP Semiconductors N.V., Texas Instruments, Inc., Freescale Semiconductor, Ltd., and BMW.

 

About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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