Parking Sensors Market

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Parking Sensors Market Share, Size, Analysis, Growth, Trends
and Forecasts to 2020 | Hexa Research
" Increasing difficulty to park a vehicle without
damaging in lesser parking spaces is expected to
drive the Parking Sensors Market demand by 2020."
A new study by Hexa Research estimated that the global Parking Sensors Market was worth more than
$2,500 million in 2012. Parking sensors assist drivers in parking their vehicles and alert them in case of an
obstacle. They prevent pedestrian injury. Increasing space crunch and altered dimensions of common cars are
paving the way for higher demand of parking sensors.
Based on technology, Hexa Research segments the total global parking sensors market into ultrasonic and
electromagnetic sensors. Ultrasonic parking sensors contributed to more than 65% of the total market share
in 2012. They are likely to continue market dominance in the coming years. However, electroma gnetic
parking sensors will witness faster growth with a CAGR of more than 19% from 2013 to 2020. These sensors
retain the aesthetic appeal of the vehicle and are self diagnostic. They also come with a maintenance system.
Approximately 80% of the market comprised of installations made by Original Equipment Manufacturers
(OEMs). They offer better construction and fitment and are therefore highly preferred. These installations are
priced much higher than those available in the aftermarket segment, thus contributing to higher overall
revenues.
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Hexa Research observed that North America, with more than 38% share, was a leading region in the global
parking sensors market in 2012. The region is expected to continue its leadership in future owing to
regulatory initiatives. European region will generate demand for parking sensors in future due to rising sales
of top-end vehicles that are fitted with high-quality parking sensors. Asia Pacific is likely to account for the
fastest rise in future and will grow at a CAGR of 20% from 2013 to 2020.
Key market operators in the global parking sensors industry are Texas Instruments, Inc., Audi, Freescale
Semiconductor Ltd., Continental AG, Volkswagen, etc. The market includes both, manufactur ers of parking
sensors and OEMs.
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Table of Content of Parking sensors Market
Chapter 1 Executive Summary
1.1 Parking Sensors – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Parking Sensors Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Parking Sensors Value Chain Analysis
2.4 Parking Sensors Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Parking Sensors - Company Market Share Analysis
2.8 Parking Sensors - PESTEL Analysis
Chapter 3 Parking Sensors Technology Outlook
3.1 Ultrasonic
3.2 Electromagnetic
Chapter 4 Parking Sensors Installation Outlook
4.1 OEM
4.2 Aftermarket
Chapter 5 Parking Sensors Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 RoW
Chapter 6 Parking Sensors Competitive landscape
6.1 Abbott Analog Devices Inc.
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Continental AG
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Denso Corporation
6.3.1 Company Overview
6.3.2 Financial Performance
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
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6.4 Freescale Semiconductor Ltd.
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 NXP Semiconductors N.V.
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
6.6 Robert Bosch GmbH
6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Benchmarking
6.6.4 Strategic Initiatives
6.7 Texas Instruments Inc.
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Benchmarking
6.7.4 Strategic Initiatives
6.8 BMW
6.8.1 Company Overview
6.8.2 Financial Performance
6.8.3 Product Benchmarking
6.8.4 Strategic Initiatives
6.9 Mercedes Benz (Parktronic)
6.9.1 Company Overview
6.9.2 Financial Performance
6.9.3 Product Benchmarking
6.9.4 Strategic Initiatives
6.10 Ford Motor Company
6.10.1 Company Overview
6.10.2 Financial Performance
6.10.3 Product Benchmarking
6.10.4 Strategic Initiatives
6.11 Audi
6.11.1 Company Overview
6.11.2 Financial Performance
6.11.3 Product Benchmarking
6.11.4 Strategic Initiatives
6.12 Honda
6.12.1 Company Overview
6.12.2 Financial Performance
6.12.3 Product Benchmarking
6.12.4 Strategic Initiatives
6.13 Hyundai
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6.13.1 Company Overview
6.13.2 Financial Performance
6.13.3 Product Benchmarking
6.13.4 Strategic Initiatives
6.14 Volkswagen
6.14.1 Company Overview
6.14.2 Financial Performance
6.14.3 Product Benchmarking
6.14.4 Strategic Initiatives
6.15 Parking Dynamics
6.15.1 Company Overview
6.15.2 Financial Performance
6.15.3 Product Benchmarking
6.15.4 Strategic Initiatives
Chapter 7 Methodology and Scope
7.1 Research Methodology
7.2 Research Scope & Assumption
7.3 List of Data Sources
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