Market Research Future (MRFR) in the new report on the Global Automotive Parking Sensors Market 2020, states determiners and restrains on the market. A detailed study on the influence of COVID 19 outbreak on the automotive parking sensors is elaborated in the report. As per MRFR data, the global market is anticipated to thrive at 8% across the analysis period.
Automotive parking sensors have become an essential part of the automotive industry as they ensure the safety and maximum utilisation of the parking spaces. These sensors are present on the rear, front or both ends of the vehicle and make sounds with the decreasing distance from the obstacle. On observing the current trends, the global automotive parking sensors market is expected to touch 08 % annual growth mar during the survey periods. Such sensors are not only useful in protecting the vehicle, but they are also a helpful tool to protect pedestrians from potential damages.
Parking sensors are improving the driving experiences by making effective use of parking spaces and improve the rearview capabilities. Increasing demand for human safety and under the hood safety features is propelling the market on global scales. Also, the increasing demands for vehicles is directly beneficial for the growth of this market. Parking sensors sometimes come pre-installed with the vehicle or can be installed from external sources.
The noticeable companies in the Automotive Parking Sensors market:
Robert Bosch GmbH (Germany), Aptiv PLC (Greece), Denso Corporation (Japan), NXP Semiconductors N.V. (the Netherlands), Valeo (France), Autoliv Inc. (Sweden), Gentex Corporation (U.S.), Continental AG (Germany), TGS Group (UK) and Murata Manufacturing Co., Ltd. (Japan).
Automotive Parking Sensors global market’s segments:
·Types: Front, reverse and other types of parking sensors are there.
·Technologies: Based on technology, ultrasonic sensors and electromagnetic sensor technologies are available.
·Availability: Automotive parking sensors are available through aftermarket and OEM (Original Equipment Manufacturer) sale channels.
·Vehicle types: HCV (Heavy Commercial Vehicles), LCV (Light Commercial Vehicles) and passenger vehicles are employing this technology.
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Regional Market Summary:
America, Europe, Asia Pacific and The Middle East & Africa are the major regions observed for the global automotive electric sensors market.
The European region is the largest market and will keep dominance during the survey period. Presence of major automobile giants and strict regulations for enhancing human safety are the factors responsible for the market’s growth. The American region is the second-largest market due to increasing demands for vehicles, development of new technologies and other factors.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Automotive parking sensors Market Segmentation
8. Automotive parking sensors Market Landscape
9. Vendor Matrix
10. Company Profiles
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