Global parking sensor market is expected to grow with a CAGR of 11% over the forecast period from 2018-2024 – Benzinga

NEW YORK, Dec. 17, 2018 /PRNewswire/ — The report on the global parking sensor market provides qualitative and quantitative analysis for the period from 2016 to 2024.

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The report predicts the global parking sensor market to grow with a CAGR of 11% over the forecast period from 2018-2024. The study on parking sensor market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2016 to 2024.

The report on parking sensor market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global parking sensor market over the period of 2016 to 2024. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global parking sensor market over the period of 2016 to 2024. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Increasing Demand for The Ultrasonic Parking Sensors

• Increasing Impact of New Car Assessment Program (NCAP)

• Increasing Demand for Advanced Technologies

2) Restraints

• Limited Detection Range of Sensors

3) Opportunities

• Technological Advancement in Artificial Intelligence

Research Methodology

A) Primary Research

Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include

1. Key Opinion Leaders associated with Infinium Global Research

2. Internal and External subject matter experts

3. Professionals and participants from the industry

Our primary research respondents typically include

1. Executives working with leading companies in the market under review

2. Product/brand/marketing managers

3. CXO level executives

4. Regional/zonal/ country managers

5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications

2. Government/institutional publications

3. Trade and associations journals

4. Databases such as WTO, OECD, World Bank, and among others.

5. Websites and publications by research agencies

Segment Covered

The global parking sensor market is segmented on the basis of sensor type, technology, vehicle type, and sales channel.

The Global Parking Sensor Market by Sensor Type

• Front Parking Sensor

• Reverse Parking Sensor

The Global Parking Sensor Market by Technology

• Electromagnetic

• Ultrasonic

• Infrared

The Global Parking Sensor Market by Vehicle Type

• Passenger Cars

• Commercial Vehicles

The Global Parking Sensor Market by Sales Channel


• Aftermarket

Company Profiles

• Autoliv Inc.

• Valeo Inc.

• Gentex Corporation

• DENSO Corporation

• Delphi Automotive LLP

• Abbott Analog Devices Inc.

• Continental AG.

• Freescale Semiconductor Ltd.

• Robert Bosch GmbH

• NXP Semiconductors N.V.

What does this report deliver?

1. Comprehensive analysis of the global as well as regional markets of the parking sensor market.

2. Complete coverage of all the segments in the parking sensor market to analyze the trends, developments in the global market and forecast of market size up to 2024.

3. Comprehensive analysis of the companies operating in the global parking sensor market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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