Global Automotive Parking Sensors Market Growth at CAGR of 23.9%, 2016-2020: Challenges, Trends & Drivers - Key Vendors are Bosch, DENSO, Murata Manufacturing, NXP Semiconductors, Texas Instruments & Valeo - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Automotive Parking Sensors Market 2016-2020" report to their offering.

The global automotive parking sensors market to grow at a CAGR of 23.90% during the period 2016-2020.

The report, Global Automotive Parking Sensors Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue of automotive parking sensors across all regions.

Parking sensors are designed to alert the driver about obstacles while parking or reversing. The use of display along with parking sensor gives a more precise look to understand quickly about the obstacle in terms of distance and representation. As a result, the automotive industry is progressively witnessing the adoption of parking sensors.

According to the report, one of the primary drivers in the market is legislation standards for backup camera to push adoption of parking sensors. Advanced safety systems, such as LDWS, NVS, ACC, BSD, driver monitoring systems, help minimize the impact of collisions, fatalities, and improve overall vehicle safety. Hence, with governments in Europe, the Americas, and APAC implementing stringent safety regulations, the development and adoption of these systems is expected to increase over the forecast period.

Key vendors

  • Bosch
  • DENSO
  • Murata Manufacturing
  • NXP Semiconductors
  • Texas Instruments
  • Valeo

Other prominent vendors

  • Black Cat Security
  • Nippon Audiotronix
  • Parking Dynamics
  • Proxel

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by end users

Part 07: Market segmentation by sensor type

Part 08: Geographical segmentation

Part 09: Market drivers

Part 10: Market challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Key vendor analysis

Part 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/7mqjlm/global_automotive

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Telematics and Vehicle Electronics, Automotive Safety, Automotive Sensors

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Telematics and Vehicle Electronics, Automotive Safety, Automotive Sensors