Automotive Parking Sensors Market Size Analysis 2022 with Growth Rate, Top Regions, Key Players and Forecast to 2028

The Automotive Parking Sensors Market size is expected to grow at an annual average of CAGR 17% during the forecast period (2022-2028). The Automotive Parking sensor is a proximity sensor integrated with the driver assistance system and provides the driver with essential information about the proximity of vehicles and objects. Automotive Parking Sensors also provide safety to cars and provide drivers with information about availability within designated areas. Automotive Parking Sensor provides a better driving experience and improves the driver’s rear visibility. There are basically two types of parking sensors: ultrasonic and electromagnetic. The ultrasonic sensor is an ultrasonic sensor that detects obstacles in the rear and rear of the vehicle using ultrasonic waves and an electronic control device, and the electromagnetic sensor is a method of detecting obstacles using magnetic waves.

The following segmentation are covered in this report:

By Application

• Passenger cars
• Commercial vehicles

 By Vehicle Type

• PC (Passenger Cars)
• LCV (Light Commercial Vehicles)
• HCV (Heavy Commercial Vehicles)

 Company Profile

• 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.
• Texas Instruments Inc.
• Ford Motor Company

Scope of the report

The research study analyses the Automotive Parking Sensors Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Automotive Parking Sensors Market Report

• What was the Automotive Parking Sensors Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Automotive Parking Sensors Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Automotive Parking Sensors Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.