Industry Insights Dimensions of cars have undergone changes in recent times, thereby increasing the risk of physical damage to the vehicle while parking. Parking sensors help boost safety, and alleviate the risk of potential injury to pedestrians. Since they help in the detection of objects which are ordinarily obscured from view, the parking sensors market is expected to witness considerable demand over the forecast period. Parking sensors, which are installed into the vehicle’s rear bumper bar, can significantly mitigate the risk of accidents caused when the vehicle is in the reverse gear. They work in synchronization with a siren or internal buzzer, which gradually increases in frequency as the vehicle approaches an obstacle. An optional LCD display which displays the distance to an obstacle may also be installed or integrated in the rear view mirror. Two or four sensors are usually used along with an internal siren and control interface. Six or eight sensor systems may be employed to avail greater coverage. The parking sensors market is comprised of both, sensor manufacturers and original equipment manufacturers (OEMs). View More Information About Global Parking Sensors Market With Toc: http://www.hexaresearch.com/research-report/parking-sensors-industry/ Technology Insights Ultrasonic and electromagnetic are the two primary types of technologies integrated into parking sensors. Ultrasonic parking sensors can detect obstacles even when the vehicle is stationary. However, they have a limited detection range and are difficult to install, as the vehicle’s crash protection bar restricts access to some extent. Electromagnetic sensors do not contain any visible parts and eliminate the need for drilling holes, thereby preserving the vehicle’s aesthetics. These sensors also help in detecting obstacles adjacent to the bumper in addition to the ones behind it. Electromagnetic sensors detect objects only whilst the vehicle is in motion. They have an in-built maintenance system capable of providing real-time feedback, which makes them self diagnostic. Ultrasonic sensors are expected to dominate the global parking sensors market over the forecast period. However, electromagnetic sensors are expected to gain prominence on account of their superior characteristics.
Installation Insights Parking sensors are either installed by the original equipment manufacturer (OEM) or through aftermarket services. Aftermarket sensors are more cost effective than OEM-installed ones as the latter are tailor-made for a particular vehicle model and are designed for longer durability. Ultrasonic parking aid installed through aftermarket services cost approximately USD 50, whereas the ones installed by OEMs can range from USD 500 to USD 1,000. Aftermarket installation of electromagnetic sensors costs close to USD 100. Regional Insights North America contributed to over 35% of the global parking sensors market revenue in 2013, and is expected to maintain its dominance throughout the forecast period. This can be primarily attributed to growing emphasis on ensuring pedestrian safety and alleviating vehicular damage caused by driver error. The European parking sensors market accounted for sizeable revenue share owing to increasing sales of high-end cars equipped with superior quality sensors. Asia Pacific is expected to witness the fastest growth, with an estimated CAGR of over 20% from 2014 to 2020. View More Information About Global Parking Sensors Market With Toc: http://www.hexaresearch.com/research-report/parking-sensors-industry/ Table of Contents 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 View More Information About Global Parking Sensors Market With Toc: http://www.hexaresearch.com/research-report/parking-sensors-industry/ 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 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 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 View More Information About Global Parking Sensors Market With Toc: http://www.hexaresearch.com/research-report/parking-sensors-industry/ Chapter 7 Methodology and Scope 7.1 Research Methodology 7.2 Research Scope & Assumption 7.3 List of Data Sources List of Tables 1. Global parking sensors market revenue, 2012 - 2020 2. Global parking sensors market revenue by region (USD Million), 2012 - 2020 3. Global parking sensors market revenue by technology (USD Million), 2012 - 2020
4. Global parking sensors market revenue by installation (USD Million), 2012 - 2020 5. Global ultrasonic parking sensors market demand (Revenue), 2012 - 2020 6. Global ultrasonic parking sensors market demand by region (Revenue), 2012 - 2020 7. Global electromagnetic parking sensors market demand (Revenue), 2012 - 2020 8. Global electromagnetic parking sensors market demand by region (Revenue), 2012 - 2020 9. Global OEM parking sensors market demand (Revenue), 2012 - 2020 10. Global OEM parking sensors market demand by region (Revenue), 2012 - 2020 11. Global aftermarket parking sensors market demand (Revenue), 2012 - 2020 12. Global aftermarket parking sensors market demand by region (Revenue), 2012 - 2020 13. North America parking sensors market by technology (USD Million), 2012 - 2020 14. North America parking sensors market by installation, (USD Million), 2012 - 2020 15. Europe parking sensors market by technology (USD Million), 2012 - 2020 16. Europe parking sensors market by installation, (USD Million), 2012 - 2020 17. Asia Pacific parking sensors market by technology (USD Million), 2012 - 2020 18. Asia Pacific parking sensors market by installation, (USD Million), 2012 - 2020 19. RoW parking sensors market by technology (USD Million), 2012 - 2020 20. RoW parking sensors market by installation, (USD Million), 2012 - 2020 21. Global parking sensors market - Competitive landscape View More Information About Global Parking Sensors Market With Toc: http://www.hexaresearch.com/research-report/parking-sensors-industry/ List of Figures 1. Parking Sensors - Industry Summary & Critical Success Factors (CSFs) 2. Parking sensors market segmentation 3. Global parking sensors market revenue, 2012 - 2020 4. Parking sensors value chain analysis 5. Parking sensors market dynamics 6. Parking sensors company market share analysis, 2012 7. Key opportunities prioritized 8. Industry analysis - Porter's 9. Parking sensors PESTEL analysis, 2012 10. Parking sensors market revenue share by technology, 2012 & 2020 11. Global ultrasonic parking sensors market demand (Revenue), 2012 - 2020
12. Global electromagnetic parking sensors market demand (Revenue), 2012 - 2020 13. Parking sensors market revenue share by installation, 2012 & 2020 14. Global OEM parking sensors market demand (Revenue), 2012 - 2020 15. Global aftermarket parking sensors market demand (Revenue), 2012 - 2020 16. Parking sensors market revenue share by region, 2012 & 2020 17. North America parking sensors market, by technology, 2012 18. North America parking sensors market, by installation, 2012 19. Europe parking sensors market, by technology, 2012 About Hexa Research: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Michelle Thoras Felton, California 95018 United States 1-800-489-3075 sales@hexaresearch.com Web: http://www.hexaresearch.com/