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Global parking sensors market research for 2016 illuminated by new report

Automotive and Transportation Market Research

Parking sensors could be defined as the proximity sensors which are needed in the automotive to assist the driver to park the vehicle safely and hassle free.

The sensors used are the Advanced Driver Assistance Systems (ADAS) that helps the driver by giving an alert signal when there is an obstacles.

Parking sensors assembles the information about the availability of space in the parking lots and coordinates between the cars to monitor them to find free space for parking. It uses advanced technologies to aid cars to locate, pay and reserve for parking space.

The sensors provides real-time information through changeable message signs to drivers.

The global parking sensors market is growing, due to several enhanced features provided by parking sensors, such as cost savings related to fuel efficiency, effectiveness in terms of time and easy identification of vacant parking spaces. The technological advancements in artificial intelligence which makes the system operator independent, is one of the major factors providing ample growth opportunities for the market.

Whereas, limited detection range of the parking sensors is the major restraint for the growth of the market. Large numbers of accidents occur, when the vehicle is in reverse gear, which increases the necessity for the installation of parking sensors into the rear bumper bar of the vehicle.

Parking sensors are proximity sensors required in vehicles to assist the driver for hassle-free and safe car parking. These are installed in the car’s rear bumper and help in the detection of objects, which are concealed from the view & mitigate the risk of accidents when the car is in the reverse mode.

In addition to its benefits, time effectiveness, fuel efficiency, and cost savings are expected to be major factors that drive the parking sensors market during the forecast period.

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Parking and reverse sensor technologies include ultrasonic and electromagnetic technologies. Ultrasonic technology is older and uses sound waves in order to measure the distance between nearby objects.

Four to six sensors are typically mounted on the bumper with the help of drill holes and have to be painted to match the color of the bumper. The sensors then send and receive ultrasonic signals, and detect anything that enters the signals.

The signal is converted into an audible siren to communicate the information to the driver.

A considerable benefit of this technology is its ability to detect objects and obstacles even when the vehicle is stationary. However, these sensor systems suffer from drawbacks such as limited detection range.

In addition, ultrasonic parking sensors may prove to be physically too deep for installation in the vehicle’s bumper due to the presence of the crash protection bar.

Parking sensors could be installed by the original equipment manufacturer (OEM) or through aftermarket services. Aftermarket sensors are significantly cost effective as compared to those through OEM installation.

This is primarily since genuine sensors installed by OEMs are made specifically for the make and model of the vehicle under consideration.

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This report studies Parking Sensors in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast to 2021.

This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering



Smart Parking Ltd

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