Global Automotive Parking Sensors MARKET 2020-2024

Global Automotive Parking Sensors MARKET 2020-2024

Global Automotive Parking Sensors Market 2020-2024

Technavio has been monitoring the global automotive parking sensors market and it is poised to grow by USD 14.47 bn during 2020-2024, progressing at a CAGR of 27% during the forecast period. Our reports on global automotive parking sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for assisted-parking systems.In addition, decreasing risk to small children and other pedestrians while reversing vehicles is anticipated to boost the growth of the global automotive parking sensors market as well.

Market Segmentation

Technavio's global automotive parking sensors market is segmented as below:

Product:

  • Ultrasonic Sensors
  • Electromagnetic Sensors
Application:
  • Passenger Cars
  • Commercial Vehicles
End-user:
  • OEM
  • Aftermarket
Geographic Segmentation:
  • APAC
  • Europe
  • MEA
  • North America
  • South America
Key Trends for global automotive parking sensors market growth

This study identifies decreasing risk to small children and other pedestrians while reversing vehicles as the prime reasons driving the global automotive parking sensors market growth during the next few years.

Prominent vendors in global automotive parking sensors market

We provide a detailed analysis of around 25 vendors operating in the global automotive parking sensors market, including some of the vendors such as Analog Devices Inc., Aptiv PLC, Continental AG, CTS Corp., DENSO Corp., Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Robert Bosch GmbH, Sensata Technologies Holding plc and Valeo S.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
      • Parent market
      • Market in focus
      • Methodology for market sizing and vendor selection
        • Table Product / Service portfolio of key vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ billion)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2019-2024 (%)
    • Comparison by Product
      • Table Comparison by Product
    • Ultrasonic sensors - Market size and forecast 2019-2024
      • Table Ultrasonic sensors - Market size and forecast 2019-2024 ($ billion)
      • Table Ultrasonic sensors - Year-over-year growth 2019-2024 (%)
    • Electromagnetic sensors - Market size and forecast 2019-2024
      • Table Electromagnetic sensors - Market size and forecast 2019-2024 ($ billion)
      • Table Electromagnetic sensors - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2019-2024 (%)
    • Comparison by Application
      • Table Comparison by Application
    • Passenger cars - Market size and forecast 2019- 2024
      • Table Passenger cars - Market size and forecast 2019-2024 ($ billion)
      • Table Passenger cars - Year-over-year growth 2019-2024 (%)
    • Commercial vehicles - Market size and forecast 2019-2024
      • Table Commercial vehicles - Market size and forecast 2019-2024 ($ billion)
      • Table Commercial vehicles - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Market Segmentation by End-user
    • Market segments
      • Table End user - Market share 2019-2024 (%)
    • Comparison by End user
      • Table Comparison by End user
    • OEM - Market size and forecast 2019-2024
      • Table OEM - Market size and forecast 2019-2024 ($ billion)
      • Table OEM - Year-over-year growth 2019-2024 (%)
    • Aftermarket - Market size and forecast 2019-2024
      • Table Aftermarket - Market size and forecast 2019-2024 ($ billion)
      • Table Aftermarket - Year-over-year growth 2019-2024 (%)
    • Market opportunity by End user
      • Table Market opportunity by End user
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography
  • Drivers, Challenges, and Trends
    • Volume driver - Demand led growth
      • Growing demand for assisted-parking systems
      • Decreasing risk to small children and other pedestrians while reversing vehicles
    • Regulatory driver - Demand led growth
      • Stringent government regulations regarding reversing safety
    • Market challenges
      • High replacement cost associated with parking systems
      • Increased dependency on technology could make drivers less safe
      • Limited effectiveness of parking sensors
        • Table Issues resulting in troubleshooting of the parking assist system
        • Table Impact of drivers and challenges
    • Market trends
      • Adoption of reverse cameras along with parking sensors
      • Emergence of smart parking systems
      • Integration with other automotive technologies
      • Deployment of advanced sensors having wider bandwidth and high frequency for more accuracy and precision
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Analog Devices Inc.
      • Table Analog Devices Inc. - Overview
      • Table Analog Devices Inc. - Business segments
      • Table Analog Devices Inc. - Key news
      • Table Analog Devices Inc. - Key offerings
    • Aptiv PLC
      • Table Aptiv PLC - Overview
      • Table Aptiv PLC - Business segments
      • Table Aptiv PLC - Key news
      • Table Aptiv PLC - Key offerings
      • Table Aptiv PLC - Segment focus
    • Continental AG
      • Table Continental AG - Overview
      • Table Continental AG - Business segments
      • Table Continental AG - Key news
      • Table Continental AG - Key offerings
      • Table Continental AG - Segment focus
    • CTS Corp.
      • Table CTS Corp. - Overview
      • Table CTS Corp. - Business segments
      • Table CTS Corp. - Key News
      • Table CTS Corp. - Key offerings
    • DENSO Corp.
      • Table DENSO Corp. - Overview
      • Table DENSO Corp. - Product and service
      • Table DENSO Corp. - Key news
      • Table DENSO Corp. - Key offerings
      • Table DENSO Corp. - Segment focus
    • Murata Manufacturing Co. Ltd.
      • Table Murata Manufacturing Co. Ltd. - Overview
      • Table Murata Manufacturing Co. Ltd. - Product and service
      • Table Murata Manufacturing Co. Ltd. - Key news
      • Table Murata Manufacturing Co. Ltd. - Key offerings
      • Table Murata Manufacturing Co. Ltd. - Segment focus
    • NXP Semiconductors NV
      • Table NXP Semiconductors NV - Overview
      • Table NXP Semiconductors NV - Business segments
      • Table NXP Semiconductors NV - Key news
      • Table NXP Semiconductors NV - Key offerings
      • Table NXP Semiconductors NV - Segment focus
    • Robert Bosch GmbH
      • Table Robert Bosch GmbH - Overview
      • Table Robert Bosch GmbH - Business segments
      • Table Robert Bosch GmbH - Key news
      • Table Robert Bosch GmbH - Key offerings
      • Table Robert Bosch GmbH - Segment focus
    • Sensata Technologies Holding plc
      • Table Sensata Technologies Holding plc - Overview
      • Table Sensata Technologies Holding plc - Product and service
      • Table Sensata Technologies Holding plc - Key news
      • Table Sensata Technologies Holding plc - Key offerings
      • Table Sensata Technologies Holding plc - Segment focus
    • Valeo SA
      • Table Valeo SA - Overview
      • Table Valeo SA - Business segments
      • Table Valeo SA - Key news
      • Table Valeo SA - Key offerings
      • Table Valeo SA - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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