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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).
Browse TOC and LoE with selected illustrations and example pages of Automotive Parking Sensors Market
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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