Market Overview:
The global parking aid sensors market is expected to grow at a CAGR of 7.5% 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. The global parking aid sensors market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into front parking sensors and rear parking sensors. The front parking sensor segment is expected to grow at a higher CAGR than the rear parking sensor segment during the forecast period from 2018 to 2030 owing to its growing demand in passenger cars as well as commercial vehicles. On the basis of application,the market is divided into commercial car and passenger car segments.
Product Definition:
Parking Aid Sensors are devices that help drivers park their vehicles by emitting ultrasonic waves that measure the distance between the car and an obstacle. These sensors are typically found in the front and rear bumpers of a car, but can also be installed in other locations such as side mirrors. Parking Aid Sensors are important because they can help drivers avoid collisions with obstacles while parking, which can lead to damage to both the vehicle and any object it strikes.
Front Parking Sensors:
The global front parking sensors market size was valued at USD 1.8 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for automobiles, growing urbanization, and rising disposable income are some of the factors that are anticipated to drive the growth of this industry during the forecast period.
Increasing traffic congestion in major cities across developed countries including U.S.
Rear Parking Sensors:
Rear parking sensors are used in an array of vehicles to help the driver park the vehicle. These sensors are also known as bumper or tail-light detectors. They work by sending and receiving radio frequency waves from a tag attached to an object outside of the vehicle that indicates whether or not the seat is being occupied, i.e.
Application Insights:
The commercial car segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing number of construction projects and initiatives undertaken by governments across the world. For instance, as per a study conducted by Colliers International, Inc., there were 1,500 construction projects in Europe with an investment worth USD 300 billion in 2016-2017. This is expected to drive demand for Global Parking Aid Sensors market during the forecast period.
Passenger car segment is anticipated to witness significant growth over the forecast period owing to rising disposable income among consumers globally coupled with growing preference towards miniaturization of devices that aid parkers into spaces safely and efficiently without looking back or forward while backing up vehicles from spots.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing demand for automobiles, growing adoption of electric vehicles, and stringent regulations regarding vehicle emissions in U.S., Canada, and Mexico. Moreover, presence of major players such as Continental AG; Autoliv Inc.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income coupled with increased government spending on infrastructure development in countries such as China and India. In addition, rapid urbanization along with increasing number of car rental companies offering services across key cities such as Beijing; Shanghai; Bangalore; Pune; Hyderabad etc.
Growth Factors:
- Increasing demand for parking assistance in vehicles to avoid traffic congestion and accidents.
- Growing awareness about the benefits of parking sensors among consumers, which is likely to boost market growth over the forecast period.
- Rising installation of parking sensors in luxury cars as a standard feature to provide enhanced safety and convenience for drivers and passengers alike.
- Proliferation of advanced technologies such as ultrasonic, infrared, laser, and radar that are used in Parking Aid Sensors further propelling market growth over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Parking Aid Sensors Market Research Report
By Type
Front Parking Sensors, Rear Parking Sensors
By Application
Commercial Car, Passenger Car
By Companies
Bosch, Standard Motor Products Inc, Hella, Noabe, Holstein Automotive, TI, Valeo, Nedap, Bosch
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Parking Aid Sensors Market Report Segments:
The global Parking Aid Sensors market is segmented on the basis of:
Types
Front Parking Sensors, Rear 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
Commercial Car, Passenger Car
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:
- Bosch
- Standard Motor Products Inc
- Hella
- Noabe
- Holstein Automotive
- TI
- Valeo
- Nedap
- Bosch
Highlights of The Parking Aid Sensors 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 Parking Sensors
- Rear Parking Sensors
- By Application:
- Commercial Car
- Passenger Car
- 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 Parking Aid Sensors 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.
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- Correctly Positioning New Products
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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?
Parking aid sensors are a type of sensor that can be used to help drivers find a parking spot. They work by detecting the presence of vehicles in an area and then sending out signals that indicate where the spots are. This information is then displayed on a screen or dashboard so that drivers can find their way around.
Some of the major players in the parking aid sensors market are Bosch, Standard Motor Products Inc, Hella, Noabe, Holstein Automotive, TI, Valeo, Nedap, Bosch.
The parking aid sensors market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Parking Aid Sensors 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 Parking Aid Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Parking Aid Sensors 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 Parking Aid Sensors 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 Parking Aid Sensors Market Size & Forecast, 2018-2028
4.5.1 Parking Aid Sensors Market Size and Y-o-Y Growth
4.5.2 Parking Aid Sensors Market Absolute $ Opportunity
Chapter 5 Global Parking Aid Sensors 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 Parking Aid Sensors Market Size Forecast by Type
5.2.1 Front Parking Sensors
5.2.2 Rear Parking Sensors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Parking Aid Sensors 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 Parking Aid Sensors Market Size Forecast by Applications
6.2.1 Commercial Car
6.2.2 Passenger Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Parking Aid Sensors 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 Parking Aid Sensors 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 Parking Aid Sensors Analysis and Forecast
9.1 Introduction
9.2 North America Parking Aid Sensors 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 Parking Aid Sensors Market Size Forecast by Type
9.6.1 Front Parking Sensors
9.6.2 Rear 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 Parking Aid Sensors Market Size Forecast by Applications
9.10.1 Commercial Car
9.10.2 Passenger Car
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 Parking Aid Sensors Analysis and Forecast
10.1 Introduction
10.2 Europe Parking Aid Sensors 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 Parking Aid Sensors Market Size Forecast by Type
10.6.1 Front Parking Sensors
10.6.2 Rear 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 Parking Aid Sensors Market Size Forecast by Applications
10.10.1 Commercial Car
10.10.2 Passenger Car
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 Parking Aid Sensors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Parking Aid Sensors 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 Parking Aid Sensors Market Size Forecast by Type
11.6.1 Front Parking Sensors
11.6.2 Rear 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 Parking Aid Sensors Market Size Forecast by Applications
11.10.1 Commercial Car
11.10.2 Passenger Car
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 Parking Aid Sensors Analysis and Forecast
12.1 Introduction
12.2 Latin America Parking Aid Sensors 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 Parking Aid Sensors Market Size Forecast by Type
12.6.1 Front Parking Sensors
12.6.2 Rear 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 Parking Aid Sensors Market Size Forecast by Applications
12.10.1 Commercial Car
12.10.2 Passenger Car
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) Parking Aid Sensors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Parking Aid Sensors 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) Parking Aid Sensors Market Size Forecast by Type
13.6.1 Front Parking Sensors
13.6.2 Rear 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) Parking Aid Sensors Market Size Forecast by Applications
13.10.1 Commercial Car
13.10.2 Passenger Car
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 Parking Aid Sensors Market: Competitive Dashboard
14.2 Global Parking Aid Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Standard Motor Products Inc
14.3.3 Hella
14.3.4 Noabe
14.3.5 Holstein Automotive
14.3.6 TI
14.3.7 Valeo
14.3.8 Nedap
14.3.9 Bosch
