The analysts forecast global automotive parking sensors market to grow at a CAGR of 25.15% during the period 2018-2022.
The 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 distance and representation of the obstacle.
This report covers the present scenario and the growth prospects of the global automotive parking sensors market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of automotive parking sensors.
The market is divided into the following segments based on geography:
This report, Global Automotive Parking Sensors Market 2018-2022, 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.
Report at www.reportsnreports.com/.aspx?name=1358140.
Key vendors: Bosch, Delphi, DENSO, NXP Semiconductors & Valeo
Market driver: Growing demand for assisted-parking systems
Market challenge: High replacement cost associated with parking systems
Market trend: Emergence of smart parking systems
Key questions answered in this automotive parking sensors market report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?