OrbisResearch.com has published new research report on "Global Parking Sensors Market Research Report and Forecast to 2018-2023" to its database.
Dallas, United States - January 16, 2018 /MarketersMedia/ —
According to the Global Parking Sensors Market report, the Parking Sensors Market accounted a value of $5,363.4 million in 2016 and is projected to reach a value $24,467.2 million at the end of 2023.
Browse The Report: http://orbisresearch.com/reports/index/parking-sensors-global-market-outlook-2017-2023
The Global Parking Sensors Market is expected to keep rising at a CAGR of 24.2% for the forecast period of 2018 – 2023. Factors such as helping to prevent injury to pedestrians and adoption of LiDAR in parking assist system will drive the market growth. However, high replacement cost and limited detection range of the sensors are the factors restraining the market.
By technology, ultrasonic parking sensors dominated the global market due to the rising demand for parking assist systems among low and mid segment vehicles. Also, the segment’s command is mainly due to the improved accessibility and the dropping price of ultrasonic sensors. These sensors use sound waves to detect the obstacle whether the vehicle is in motion or at rest.
Based on geography, North America is leading the global market due to rising sales of high and mid level cars, growing population of baby boomers and increased acceptance of luxury cars by baby boomers, will drive the market’s growth prospects in this region. Moreover, Asia Pacific is expected to be the fastest growing region during the forecast period.
Request a Free Sample of The Report: http://orbisresearch.com/contacts/request-sample/2028324
The top players covered in the report include the following:
Robert Bosch GmbH, Continental AG, NXP Semiconductors N.V., Freescale Semiconductor Ltd., Abbott Analog Devices Inc., Denso Corporation, BMW, Ford Motor Company, Mercedes Benz (Parktronic), Texas Instruments Inc., Audi, Honda, Volkswagen, Parking Dynamics, Hyundai, Murata Manufacturing, Valeo, Black Cat Security, Proxel and Nippon Audiotronix.
The report covers a detailed analysis of each majorly impacting player in the Parking Sensors Market such as the company profile, the latest developments by the player in the Parking Sensors Market, and the product portfolio of the player currently available in the Parking Sensors Market, as well as the regions they operate in majorly.
Technologies Covered:
Ultrasonic
Electromagnetic
Applications Covered:
Original Equipment Manufacturers (OEMs)
Aftermarket
The Global Parking Sensors Market report covers the Parking Sensors Market in a comprehensive manner, across all parameters such as types, applications, users, top players, and regions. The report further covers the drivers, restraints and trends in the Parking Sensors Market for the customer to understand the intricacies of the Parking Sensors Market which will help them create an efficient plan of action to grow at the fastest rate across the globe.
The Global Parking Sensors Market report provides the customer an accurate analysis of the Parking Sensors Market to assist them in planning their market entry or expansion. The forecast projection is compiled by a team of subject matter experts and market research professionals to ensure that the information is accurate and presented in an easy to consume tables, charts, and graphs.
Buy The Report@http://orbisresearch.com/contact/purchase/2028324
For the customer to be able to plan for a significant period, the Global Parking Sensors Market report covers projections up to 2023. The current market scenarios and laws under which the market operates in make it easier to understand how the market will play out for the forecast period. The current trends in the market and the drivers and restrains affecting the market might change with the times.
The regions covered in the Global Parking Sensors Market report include North America (US, Canada, Mexico), Europe (Germany, UK, Italy, France, Spain, Rest of Europe), Asia Pacific (Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific), South America (Argentina, Brazil, Chile, Rest of South America), and Middle East & Africa (Saudi Arabia, UAE, Qatar, South Africa, Rest of Middle East & Africa).
The Global Parking Sensors Market report covers the SWOT analysis of the Parking Sensors Market along with key developments in the market that will be helpful for the customer. Anyone with either academic of business interest in the Parking Sensors Market, the report will definitely by handy.
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Info:
Name: Hector Costello
Email: Send Email
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600, Dallas, Texas – 75204, U.S.A.
Phone: +1 (214) 884-6817
For more information, please visit http://orbisresearch.com/reports/index/parking-sensors-global-market-outlook-2017-2023
Source: MarketersMedia
Release ID: 287630
