Market Overview:
The global electromagnetic parking sensor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for passenger cars and commercial vehicles, and the rising awareness about safety features in vehicles. Electromagnetic parking sensors are used as a safety feature in vehicles to avoid collisions while parking. These sensors are installed either at the front or rear of a vehicle, depending on the application. The front electromagnetic parking sensor segment is expected to account for the majority of the market share during the forecast period, owing to its growing demand in passenger cars. However, with an increase in awareness about safety features among consumers, there is an increasing demand for rear electromagnetic parking sensors as well.
Product Definition:
An electromagnetic parking sensor is a device used to detect the presence of a vehicle in a parking space. It typically consists of one or more sensors that emit an electromagnetic field, and a controller that interprets the signal received by the sensors to determine if there is a car in the space. The sensor(s) are usually mounted on or near the ground, and can be used to control automated gates or barriers for access control, as well as for parking guidance systems.
Front Electromagnetic Parking Sensors:
The global front electromagnetic parking sensors market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for automobiles, rising urban population, and government initiatives aimed at improving road infrastructure across the globe.
These sensors are used in vehicles for detecting an object or obstacle while parking or during reverse gear operation.
Rear Electromagnetic Parking Sensors:
Rear Electromagnetic Parking Sensors are used in vehicles to park and detect the presence of an obstacle. It is a proximity sensor that uses electromagnetic induction for sensing the distance from an object.
Application Insights:
The passenger car segment accounted for the largest revenue share of over 60% in 2017. The increasing number of consumers preferring personal vehicles is expected to be a major factor driving the demand for E-PKS in near future. Furthermore, government initiatives such as ¢â‚¬Å“Carbon Footprint Scheme¢â‚¬ are likely to influence consumer purchasing decisions regarding vehicle replacement, which will further fuel market growth over the forecast period.
Electromagnetic parking sensors have been considered beneficial owing to their ability to reduce both human efforts and environmental impact on land and water resources by reducing traffic congestion caused due to unnecessary brake-ups or back-up situations during busy hours at commercial complexes, shopping malls and entertainment venues across regions including Asia Pacific, North America and Europe. Such benefits are anticipated drive demand from various application areas including residential complexes, office buildings, retail outlets and industrial sites among others over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing adoption of advanced driver assistance systems (ADAS) and safety technologies such as front and rear electronic stability control, lane departure warning system, forward collision warning, and adaptive cruise control. Moreover, presence of prominent manufacturers such as Continental AG; ZF Friedrichshafen AG; Autoliv Inc.; and Sensys Technologies NV is also expected to drive regional growth over the next eight years.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand for passenger cars with superior performance characteristics in countries like China and India at a relatively low cost along with favorable government policies promoting electric vehicles across major cities including Beijing, Shanghai, Delhi NCR (Noida), Bangalore Mumbai). These factors are likely contribute toward increased sales volume of electric vehicles which will further boost product demand in future years.
Growth Factors:
- Increasing demand for parking sensors in passenger vehicles
- Rising installation of parking sensors in commercial vehicles
- Growing awareness about the benefits of using parking sensors
- Technological advancements in parking sensor systems
- Increasing demand for autonomous and semi-autonomous cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Electromagnetic Parking Sensor Market Research Report
By Type
Front Electromagnetic Parking Sensors, Rear Electromagnetic Parking Sensors
By Application
Passenger Car, Commercial Vehicle
By Companies
Valeo, Johnson Controls, NXP Semiconductors, Analog Devices, Inc, Proxel, Nedap, Parking Dynamics, Texas Instruments Incorporated, Valeo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Electromagnetic Parking Sensor Market Report Segments:
The global Electromagnetic Parking Sensor market is segmented on the basis of:
Types
Front Electromagnetic Parking Sensors, Rear Electromagnetic Parking Sensors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Valeo
- Johnson Controls
- NXP Semiconductors
- Analog Devices, Inc
- Proxel
- Nedap
- Parking Dynamics
- Texas Instruments Incorporated
- Valeo
Highlights of The Electromagnetic Parking Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Front Electromagnetic Parking Sensors
- Rear Electromagnetic Parking Sensors
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electromagnetic Parking Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electromagnetic parking sensor is a type of parking sensor that uses an electromagnetic field to detect the presence of a vehicle. When the sensor detects a vehicle, it sends a signal to the car's computer, telling it to start moving.
Some of the key players operating in the electromagnetic parking sensor market are Valeo, Johnson Controls, NXP Semiconductors, Analog Devices, Inc, Proxel, Nedap, Parking Dynamics, Texas Instruments Incorporated, Valeo.
The electromagnetic parking sensor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electromagnetic Parking Sensor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electromagnetic Parking Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electromagnetic Parking Sensor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electromagnetic Parking Sensor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electromagnetic Parking Sensor Market Size & Forecast, 2018-2028
4.5.1 Electromagnetic Parking Sensor Market Size and Y-o-Y Growth
4.5.2 Electromagnetic Parking Sensor Market Absolute $ Opportunity
Chapter 5 Global Electromagnetic Parking Sensor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electromagnetic Parking Sensor Market Size Forecast by Type
5.2.1 Front Electromagnetic Parking Sensors
5.2.2 Rear Electromagnetic Parking Sensors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electromagnetic Parking Sensor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electromagnetic Parking Sensor Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electromagnetic Parking Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electromagnetic Parking Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electromagnetic Parking Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Electromagnetic Parking Sensor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electromagnetic Parking Sensor Market Size Forecast by Type
9.6.1 Front Electromagnetic Parking Sensors
9.6.2 Rear Electromagnetic Parking Sensors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electromagnetic Parking Sensor Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electromagnetic Parking Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Electromagnetic Parking Sensor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electromagnetic Parking Sensor Market Size Forecast by Type
10.6.1 Front Electromagnetic Parking Sensors
10.6.2 Rear Electromagnetic Parking Sensors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electromagnetic Parking Sensor Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electromagnetic Parking Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electromagnetic Parking Sensor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electromagnetic Parking Sensor Market Size Forecast by Type
11.6.1 Front Electromagnetic Parking Sensors
11.6.2 Rear Electromagnetic Parking Sensors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electromagnetic Parking Sensor Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electromagnetic Parking Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Electromagnetic Parking Sensor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electromagnetic Parking Sensor Market Size Forecast by Type
12.6.1 Front Electromagnetic Parking Sensors
12.6.2 Rear Electromagnetic Parking Sensors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electromagnetic Parking Sensor Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electromagnetic Parking Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electromagnetic Parking Sensor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electromagnetic Parking Sensor Market Size Forecast by Type
13.6.1 Front Electromagnetic Parking Sensors
13.6.2 Rear Electromagnetic Parking Sensors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electromagnetic Parking Sensor Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electromagnetic Parking Sensor Market: Competitive Dashboard
14.2 Global Electromagnetic Parking Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Valeo
14.3.2 Johnson Controls
14.3.3 NXP Semiconductors
14.3.4 Analog Devices, Inc
14.3.5 Proxel
14.3.6 Nedap
14.3.7 Parking Dynamics
14.3.8 Texas Instruments Incorporated
14.3.9 Valeo
