Parking Sensors Market 2015 Size, Share, Trends and Forecast 2015
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- Date Submitted: 01/11/2016 03:51 AM
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A new study by Hexa Research estimated that the global parking sensors market was worth more than $2,500 million in 2012. Parking sensors assist drivers in parking their vehicles and alert them in case of an obstacle. They prevent pedestrian injury. Increasing space crunch and altered dimensions of common cars are paving the way for higher demand of parking sensors.
Based on technology, Hexa Research segments the total global parking sensors market into ultrasonic and electromagnetic sensors. Ultrasonic parking sensors contributed to more than 65% of the total market share in 2012. They are likely to continue market dominance in the coming years. However, electromagnetic parking sensors will witness faster growth with a CAGR of more than 19% from 2013 to 2020. These sensors retain the aesthetic appeal of the vehicle and are self diagnostic. They also come with a maintenance system.
Browse Detail Report With TOC @ http://www.hexareports.com/report/parking-sensors-market/details
Hexa Research observed that North America, with more than 38% share, was a leading region in the global parking sensors market in 2012. The region is expected to continue its leadership in future owing to regulatory initiatives. European region will generate demand for parking sensors in future due to rising sales of top-end vehicles that are fitted with high-quality parking sensors. Asia Pacific is likely to account for the fastest rise in future and will grow at a CAGR of 20% from 2013 to 2020.
Key market operators in the global parking sensors industry are Texas Instruments, Inc., Audi, Freescale Semiconductor Ltd., Continental AG, Volkswagen, etc. The market includes both, manufacturers of parking sensors and OEMs.
Table Of Content
Chapter 1 Executive Summary
1.1 Parking Sensors – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Parking Sensors Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
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Based on technology, Hexa Research segments the total global parking sensors market into ultrasonic and electromagnetic sensors. Ultrasonic parking sensors contributed to more than 65% of the total market share in 2012. They are likely to continue market dominance in the coming years. However, electromagnetic parking sensors will witness faster growth with a CAGR of more than 19% from 2013 to 2020. These sensors retain the aesthetic appeal of the vehicle and are self diagnostic. They also come with a maintenance system.
Browse Detail Report With TOC @ http://www.hexareports.com/report/parking-sensors-market/details
Hexa Research observed that North America, with more than 38% share, was a leading region in the global parking sensors market in 2012. The region is expected to continue its leadership in future owing to regulatory initiatives. European region will generate demand for parking sensors in future due to rising sales of top-end vehicles that are fitted with high-quality parking sensors. Asia Pacific is likely to account for the fastest rise in future and will grow at a CAGR of 20% from 2013 to 2020.
Key market operators in the global parking sensors industry are Texas Instruments, Inc., Audi, Freescale Semiconductor Ltd., Continental AG, Volkswagen, etc. The market includes both, manufacturers of parking sensors and OEMs.
Table Of Content
Chapter 1 Executive Summary
1.1 Parking Sensors – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Parking Sensors Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
Request A Sample copy of...