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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258061

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258061

Global Parking Sensor Market Size study & Forecast, by Type, By Technology, By Component, By Sales Channel, By Application, and Regional Analysis, 2022-2029

PUBLISHED: April 1, 2023

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DELIVERY TIME: 2-3 business days

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Global Parking Sensor Market is valued at approximately USD 3,224.45 million in 2021 and is anticipated to grow with a healthy growth rate of more than 15.75% over the forecast period 2022-2029. Parking sensors are proximity devices made for cars that warn the driver of impending impediments when they park. These parking sensors make use of electromagnetic or ultrasonic sensors. These systems activate ultrasonic proximity detectors, which use sensors in the back or front bumper to gauge the distances to adjacent objects. The primary drivers propelling the growth of the parking sensor market globally are the expanding automobile sector and the support of government initiatives in numerous nations aimed at minimizing accidents.

In addition, Parking sensors are frequently utilized in a variety of applications, including passenger automobiles, light commercial vehicles, and heavy commercial vehicles, in order to decrease accidents and quickly discover available parking places. This is one of the main aspects that is anticipated to fuel the market for parking sensors. According to Statista, The market for the manufacture of automobiles worldwide was projected to be worth $2.86 trillion in 2021. It is predicted that the market will reach $2.95 trillion in 2022. This gradually implies that as more cars are produced, the demand for parking sensors would rise as well. Furthermore, the use of advanced driver assistance systems (ADAS) and artificial intelligence and increasing investments towards the production of the sensors will open up many chances to stimulate the growth of parking sensors during the forecast period. However, the fluctuation in the price of the raw materials needed to make parking sensors, as well as rising installation costs and R&D expenditures, are restraining the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Parking Sensor Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the growing instances of probable driver error-related harm and expanding use of sensor in this region's automotive industry. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as due to a rise in the popularity of small and medium-sized automobiles with safety features are burgeoning the market growth in the forecasting years.

Major market players included in this report are:

Robert Bosch GmbH
Denso Corporation
Texas Instruments Incorporated
Murata Manufacturing Co., Ltd.
Gentex Corporation
Analog Devices, Inc.
Mercedes-Benz
Ford Motor Company
Hyundai Motor India
American Honda Motor Co., Inc.

Recent Developments in the Market:

In August 2021, Continental AG Company purchased a minority share in Kopernikus Automotive to develop an autonomous parking process supported by smart infrastructure-based technologies and car sensor data.
In October 2020, Robert Bosch GmbH launched a new ADAS and body electronics catalogue with a variety of technologies, such as park pilot ultrasonic parking sensors. This catalogue was created with the intention of offering precise details, excellent visibility, and easy access to photos and application data for about 230 ADAS and body electronics parts.

Global Parking Sensor Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Type, Technology, Component, Sales Channel, Application, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:

Reverse Parking
Front Parking
Others

By Technology:

Ultrasonic Sensors
Electromagnetic Sensors
Infrared Sensors
Others

By Component:

Displays
Control Modules Sensors
Others

By Sales Channel:

OEM
Aftermarket

By Application:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Parking Sensor Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Parking Sensor Market, by Type, 2019-2029 (USD Million)
- 1.2.3. Parking Sensor Market, by Technology, 2019-2029 (USD Million)
- 1.2.4. Parking Sensor Market, by Component, 2019-2029 (USD Million)
- 1.2.5. Parking Sensor Market, by Sales Channel, 2019-2029 (USD Million)
- 1.2.6. Parking Sensor Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Parking Sensor Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Parking Sensor Market Dynamics

3.1. Parking Sensor Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing application of parking sensors in a variety of applications.
  - 3.1.1.2. Increasing government regulations.
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost of raw materials for parking sensors.
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing investments towards the production of the sensors.
  - 3.1.3.2. Growing adoption of advanced technologies.

Chapter 4. Global Parking Sensor Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Parking Sensor Market, by Type

6.1. Market Snapshot
6.2. Global Parking Sensor Market by Type, Performance - Potential Analysis
6.3. Global Parking Sensor Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Parking Sensor Market, Sub Segment Analysis
- 6.4.1. Reverse Parking
- 6.4.2. Front Parking
- 6.4.3. Others

Chapter 7. Global Parking Sensor Market, by Technology

7.1. Market Snapshot
7.2. Global Parking Sensor Market by Technology, Performance - Potential Analysis
7.3. Global Parking Sensor Market Estimates & Forecasts by Technology 2019-2029 (USD Million)
7.4. Parking Sensor Market, Sub Segment Analysis
- 7.4.1. Ultrasonic Sensors
- 7.4.2. Electromagnetic Sensors
- 7.4.3. Infrared Sensors
- 7.4.4. Others

Chapter 8. Global Parking Sensor Market, by Component

8.1. Market Snapshot
8.2. Global Parking Sensor Market by Component, Performance - Potential Analysis
8.3. Global Parking Sensor Market Estimates & Forecasts by Component 2019-2029 (USD Million)
8.4. Parking Sensor Market, Sub Segment Analysis
- 8.4.1. Displays
- 8.4.2. Control module Sensors
- 8.4.3. Others

Chapter 9. Global Parking Sensor Market, by Sales Channel

9.1. Market Snapshot
9.2. Global Parking Sensor Market by Sales Channel, Performance - Potential Analysis
9.3. Global Parking Sensor Market Estimates & Forecasts by Sales Channel 2019-2029 (USD Million)
9.4. Parking Sensor Market, Sub Segment Analysis
- 9.4.1. OEM
- 9.4.2. Aftermarket

Chapter 10. Global Parking Sensor Market, by Application

10.1. Market Snapshot
10.2. Global Parking Sensor Market by Application, Performance - Potential Analysis
10.3. Global Parking Sensor Market Estimates & Forecasts by Application 2019-2029 (USD Million)
10.4. Parking Sensor Market, Sub Segment Analysis
- 10.4.1. Passenger cars
- 10.4.2. Light Commercial Vehicles
- 10.4.3. Heavy Commercial Vehicles

Chapter 11. Global Parking Sensor Market, Regional Analysis

11.1. Parking Sensor Market, Regional Market Snapshot
11.2. North America Parking Sensor Market
- 11.2.1. U.S. Parking Sensor Market
  - 11.2.1.1. Type breakdown estimates & forecasts, 2019-2029
  - 11.2.1.2. Technology breakdown estimates & forecasts, 2019-2029
  - 11.2.1.3. Component breakdown estimates & forecasts, 2019-2029
  - 11.2.1.4. Sales Channel breakdown estimates & forecasts, 2019-2029
  - 11.2.1.5. Application breakdown estimates & forecasts, 2019-2029
- 11.2.2. Canada Parking Sensor Market
11.3. Europe Parking Sensor Market Snapshot
- 11.3.1. U.K. Parking Sensor Market
- 11.3.2. Germany Parking Sensor Market
- 11.3.3. France Parking Sensor Market
- 11.3.4. Spain Parking Sensor Market
- 11.3.5. Italy Parking Sensor Market
- 11.3.6. Rest of Europe Parking Sensor Market
11.4. Asia-Pacific Parking Sensor Market Snapshot
- 11.4.1. China Parking Sensor Market
- 11.4.2. India Parking Sensor Market
- 11.4.3. Japan Parking Sensor Market
- 11.4.4. Australia Parking Sensor Market
- 11.4.5. South Korea Parking Sensor Market
- 11.4.6. Rest of Asia Pacific Parking Sensor Market
11.5. Latin America Parking Sensor Market Snapshot
- 11.5.1. Brazil Parking Sensor Market
- 11.5.2. Mexico Parking Sensor Market
- 11.5.3. Rest of Latin America Parking Sensor Market
11.6. Rest of The World Parking Sensor Market

Chapter 12. Competitive Intelligence

12.1. Top Market Strategies
12.2. Company Profiles
- 12.2.1. Robert Bosch GmbH
  - 12.2.1.1. Key Information
  - 12.2.1.2. Overview
  - 12.2.1.3. Financial (Subject to Data Availability)
  - 12.2.1.4. Product Summary
  - 12.2.1.5. Recent Developments
- 12.2.2. Denso Corporation
- 12.2.3. Texas Instruments Incorporated
- 12.2.4. Murata Manufacturing Co., Ltd.
- 12.2.5. Gentex Corporation
- 12.2.6. Analog Devices, Inc.
- 12.2.7. Mercedes-Benz
- 12.2.8. Ford Motor Company
- 12.2.9. Hyundai Motor India
- 12.2.10. American Honda Motor Co., Inc.

Chapter 13. Research Process

13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Parking Sensor Market, report scope
TABLE 2. Global Parking Sensor Market estimates & forecasts by Region 2019-2029 (USD Million)
TABLE 3. Global Parking Sensor Market estimates & forecasts by Type 2019-2029 (USD Million)
TABLE 4. Global Parking Sensor Market estimates & forecasts by Technology 2019-2029 (USD Million)
TABLE 5. Global Parking Sensor Market estimates & forecasts by Component 2019-2029 (USD Million)
TABLE 6. Global Parking Sensor Market estimates & forecasts by Sales Channel 2019-2029 (USD Million)
TABLE 7. Global Parking Sensor Market estimates & forecasts by Application 2019-2029 (USD Million)
TABLE 8. Global Parking Sensor Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 9. Global Parking Sensor Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 10. Global Parking Sensor Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 11. Global Parking Sensor Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 12. Global Parking Sensor Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 13. Global Parking Sensor Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 14. Global Parking Sensor Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 15. Global Parking Sensor Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 16. Global Parking Sensor Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 17. Global Parking Sensor Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 18. U.S. Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 19. U.S. Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 20. U.S. Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 21. Canada Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 22. Canada Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 23. Canada Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 24. UK Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 25. UK Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 26. UK Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 27. Germany Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 28. Germany Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 29. Germany Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 30. France Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 31. France Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 32. France Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 33. Italy Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 34. Italy Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 35. Italy Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 36. Spain Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 37. Spain Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 38. Spain Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 39. RoE Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 40. RoE Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 41. RoE Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 42. China Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 43. China Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 44. China Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 45. India Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 46. India Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 47. India Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 48. Japan Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 49. Japan Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 50. Japan Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 51. South Korea Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 52. South Korea Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 53. South Korea Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 54. Australia Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 55. Australia Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 56. Australia Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 57. RoAPAC Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 58. RoAPAC Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 59. RoAPAC Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 60. Brazil Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 61. Brazil Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 62. Brazil Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 63. Mexico Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 64. Mexico Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 65. Mexico Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 66. RoLA Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 67. RoLA Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 68. RoLA Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 69. Row Parking Sensor Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 70. Row Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 71. Row Parking Sensor Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 72. List of secondary sources, used in the study of global Parking Sensor Market
TABLE 73. List of primary sources, used in the study of global Parking Sensor Market
TABLE 74. Years considered for the study
TABLE 75. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Parking Sensor Market, research methodology
FIG 2. Global Parking Sensor Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Parking Sensor Market, key trends 2021
FIG 5. Global Parking Sensor Market, growth prospects 2022-2029
FIG 6. Global Parking Sensor Market, porters 5 force model
FIG 7. Global Parking Sensor Market, pest analysis
FIG 8. Global Parking Sensor Market, value chain analysis
FIG 9. Global Parking Sensor Market by segment, 2019 & 2029 (USD Million)
FIG 10. Global Parking Sensor Market by segment, 2019 & 2029 (USD Million)
FIG 11. Global Parking Sensor Market by segment, 2019 & 2029 (USD Million)
FIG 12. Global Parking Sensor Market by segment, 2019 & 2029 (USD Million)
FIG 13. Global Parking Sensor Market by segment, 2019 & 2029 (USD Million)
FIG 14. Global Parking Sensor Market, regional snapshot 2019 & 2029
FIG 15. North America Parking Sensor Market 2019 & 2029 (USD Million)
FIG 16. Europe Parking Sensor Market 2019 & 2029 (USD Million)
FIG 17. Asia Pacific Parking Sensor Market 2019 & 2029 (USD Million)
FIG 18. Latin America Parking Sensor Market 2019 & 2029 (USD Million)
FIG 19. Global Parking Sensor Market, company Market share analysis (2021)