The automotive parking sensors market size has the potential to grow by USD 7.28 billion during 2020-2025, and the market’s growth momentum will accelerate at a CAGR of 17.68%.
This report provides a detailed analysis of the market by product (ultrasonic sensors and electromagnetic sensors), end-user (OEM and aftermarket), application (passenger cars and commercial vehicles), and geography (North America, Europe, APAC, South America, and MEA).
Automotive Parking Sensors Market Share
Browse TOC and LoE with selected illustrations and example pages of Automotive Parking Sensors Market
Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Analog Devices Inc.
- Aptiv Plc
- Continental AG
- CTS Corp.
- DENSO Corp.
- Murata Manufacturing Co. Ltd.
- NXP Semiconductors NV
- Robert Bosch GmbH
- SENSATA TECHNOLOGIES HOLDING PLC
- Valeo SA
The automotive parking sensors market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as growing demand for assisted-parking systems to achieve growth opportunities. However, factors such as the limited effectiveness of parking sensors will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the automotive parking sensors market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This automotive parking sensors market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Automotive Parking Sensors Market: Key Drivers and Trends
|
|
Grab your Free Sample now to unlock further information on other key market drivers
Automotive Parking Sensors Market: Segmentation by Geography
For more insights on the market share of various regions Request for a FREE sample now!
35% of the market’s growth will originate from North America during the forecast period. The US is a key market for automotive parking sensors in North America. Market growth in this region will be faster than the growth of the market in Europe and South America.
To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Automotive Parking Sensors Market: Segmentation by Product
Request for a FREE sample and Get more information on the market contribution of various segments
.
The automotive parking sensors market share growth by the ultrasonic sensors segment will be significant during the forecast period. Earlier, park assist systems were found only in luxury vehicles. However, its demand is growing in entry-level and mid-segment vehicles. This will drive the ultrasonic sensor segment of the automotive parking sensors market during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive parking sensors market size.
Key Highlights of the Automotive Parking Sensors Market Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive automotive parking sensors market growth during the next five years
- Precise estimation of the automotive parking sensors market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive parking sensors industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive parking sensors market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
|
Automotive Parking Sensors Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 18% |
|
Market growth 2021-2025 |
$ 7.28 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
9.87 |
|
Regional analysis |
North America, Europe, APAC, South America, and MEA |
|
Performing market contribution |
North America at 35% |
|
Key consumer countries |
US, China, Germany, UK, and Japan |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Companies profiled |
Analog Devices Inc., Aptiv Plc, Continental AG, CTS Corp., DENSO Corp., Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Robert Bosch GmbH, SENSATA TECHNOLOGIES HOLDING PLC, and Valeo SA |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |