Global Automotive Parking Sensor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Sensor Type (Front Parking, Reverse Parking), By Technology (Ultrasonic, Electromagnetic), By End-user (OEMs, Aftermarket), By Vehicle Type (Passenger, Light Commercial Vehicle, Heavy Commercial Vehicle), And By Geography - Forecasts From 2019 To 2024

Published:  Apr 2021 Report Code: KSI061613122 Pages: 123

The global automotive parking sensor market is projected to grow at a CAGR of 12.93% during the forecast period, reaching a total market size of US$3.454 billion in 2024 from US$1.665 billion in 2018. An automotive parking sensor is a type of proximity sensor which is used to guide and assist the driver in parking the vehicle. The parking sensor warns the driver of any obstacles in the way while parking the car. The parking sensors are either present in the front of the vehicle, rear or the vehicle, or both ends of the vehicle. The growing popularity of smarter parking systems and solutions due to the rising number of accidents is significantly fueling the demand for parking sensors across different car model manufacturers. Rising investments in ADAS solutions will continue to bolster the growth of the automotive parking sensor market during the forecast period.

By Sensor Type

By sensor type, the global automotive parking sensor market has been segmented as front parking sensors and reverse parking sensors. The most widely used is the reverse parking sensors as they ease the parking process and thus hold a significant share in the market

By Technology

By technology, the global automotive parking sensor market has been segmented as ultrasonic and electromagnetic. Out of these Electromagnetic Sensors are used more as they provide a wider view while parking and can be easily mounted inside the bumper of a car.

By End-User

By End-user, the global automotive parking sensor market has been segmented as OEMs and Aftermarket.

OEMs hold a significant share in the market as most of the major car companies now manufacture cars that have the parking sensor already, whereas Aftermarket can grow its share over the coming years.

By Vehicle Type

By Application, the global automotive parking sensor market has been segmented as Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles. Passenger vehicles seem to hold a significant share in the market due to demand for more passenger cars and better parking aids

By Geography

Geographically, the global automotive parking sensor market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. Currently, the Americas hold a great amount of share in the market and are expected to increase over the coming years. Europe also holds a significant amount of share which is said to increase over the coming years

Competitive Intelligence

The global automotive parking sensor market is competitive owing to the presence of well-diversified global and regional players. The key players are Robert Bosch GmbH, Valeo, Continental AG, Xvision Ltd, Scorpion Automotive Ltd, Aptiv plc, and Murata Manufacturing Co., Ltd. among others.

Global Automotive Parking Sensor Market

Report Metric Details
 Market size value in 2018  US$1.665 billion
 Market size value in 2024  US$3.454 billion
 Growth Rate  CAGR of 12.93% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Sensor Type, Technology, End-user, Vehicle Type, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Robert Bosch GmbH, Valeo, Continental AG, Xvision Ltd, Scorpion Automotive Ltd,   Aptiv plc, Murata Manufacturing Co., Ltd., Pepperl+Fuchs GmbH, Texas Instruments   Incorporated, Nedap
 Customization scope  Free report customization with purchase

Segmentation

The global automotive parking sensor market has been analyzed through the following segments:

By Sensor Type

Front Parking

Reverse Parking

By Technology

Ultrasonic

Electromagnetic

By End-user

OEMs

Aftermarket

By Vehicle Type

Passenger

Light Commercial Vehicle

Heavy Commercial Vehicle

By Geography

North America

United States

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

UAE

Others

Asia Pacific

China

Japan

South Korea

India

Others


Frequently Asked Questions (FAQs)

Q1. What will be the automotive parking sensor market size by 2024?
A1. The global automotive parking sensor market is projected to reach a market size of US$3.454 billion in 2024.


Q2. What factors are anticipated to drive the automotive parking sensor market?
A2. The growing popularity of smarter parking systems and solutions due to the rising number of accidents is significantly fueling the demand for parking sensors across different car model manufacturers.


Q3. What are the growth prospects for the automotive parking sensor market?
A3. The global automotive parking sensor market is projected to grow at a CAGR of 12.93% during the forecast period.


Q4. What is the size of the global automotive parking sensor market?
A4. Automotive Parking Sensor Market was valued at US$1.665 billion in 2018.


Q5. Which region holds the largest market share in the automotive parking sensor market?
A5. Americas hold a great amount of share in the market and are expected to increase over the coming years.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Currency

1.5. Assumptions

1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Porter’s Five Forces Analysis

4.5.1. Bargaining Power of Suppliers

4.5.2. Bargaining Power of Buyers

4.5.3. Threat of New Entrants

4.5.4. Threat of Substitutes

4.5.5. Competitive Rivalry in the Industry

4.6. Industry Value Chain Analysis

5. GLOBAL AUTOMOTIVE PARKING SENSOR MARKET, BY SENSOR TYPE

5.1. Introduction

5.2. Front Parking Sensor

5.3. Reverse Parking Sensor

6. GLOBAL AUTOMOTIVE PARKING SENSOR MARKET, BY TECHNOLOGY

6.1. Introduction

6.2. Ultrasonic

6.3. Electromagnetic

7. GLOBAL AUTOMOTIVE PARKING SENSOR MARKET, BY END-USER

7.1. Introduction

7.2. OEMs

7.3. Aftermarket

8. GLOBAL AUTOMOTIVE PARKING SENSOR MARKET, BY VEHICLE TYPE

8.1. Introduction

8.2. Passenger

8.3. Light Commercial Vehicle

8.4. Heavy Commercial Vehicle

9. GLOBAL AUTOMOTIVE PARKING SENSOR MARKET, BY GEOGRAPHY

9.1. North America

9.1.1. By Sensor Type

9.1.2. By Technology

9.1.3. By End-user

9.1.4. By Vehicle Type

9.1.5. By Country

9.1.5.1. USA

9.1.5.1.1. By Sensor Type

9.1.5.1.2. By Technology

9.1.5.1.3. By End-user

9.1.5.1.4. By Vehicle Type

9.1.5.2. Canada

9.1.5.2.1. By Sensor Type

9.1.5.2.2. By Technology

9.1.5.2.3. By End-user

9.1.5.2.4. By Vehicle Type

9.1.5.3. Mexico

9.1.5.3.1. By Sensor Type

9.1.5.3.2. By Technology

9.1.5.3.3. By End-user

9.1.5.3.4. By Vehicle Type

9.2. South America

9.2.1. By Sensor Type

9.2.2. By Technology

9.2.3. By End-user

9.2.4. By Vehicle Type

9.2.5. By Country

9.2.5.1. Brazil

9.2.5.1.1. By Sensor Type

9.2.5.1.2. By Technology

9.2.5.1.3. By End-user

9.2.5.1.4. By Vehicle Type

9.2.5.2. Argentina

9.2.5.2.1. By Sensor Type

9.2.5.2.2. By Technology

9.2.5.2.3. By End-user

9.2.5.2.4. By Vehicle Type

9.2.5.3. Others

9.3. Europe

9.3.1. By Sensor Type

9.3.2. By Technology

9.3.3. By End-user

9.3.4. By Vehicle Type

9.3.5. By Country

9.3.5.1. Germany

9.3.5.1.1. By Sensor Type

9.3.5.1.2. By Technology

9.3.5.1.3. By End-user

9.3.5.1.4. By Vehicle Type

9.3.5.2. France

9.3.5.2.1. By Sensor Type

9.3.5.2.2. By Technology

9.3.5.2.3. By End-user

9.3.5.2.4. By Vehicle Type

9.3.5.3. United Kingdom

9.3.5.3.1. By Sensor Type

9.3.5.3.2. By Technology

9.3.5.3.3. By End-user

9.3.5.3.4. By Vehicle Type

9.3.5.4. Spain

9.3.5.4.1. By Sensor Type

9.3.5.4.2. By Technology

9.3.5.4.3. By End-user

9.3.5.4.4. By Vehicle Type

9.3.5.5. Others

9.4. Middle East and Africa

9.4.1. By Sensor Type

9.4.2. By Technology

9.4.3. By End-user

9.4.4. By Vehicle Type

9.4.5. By Country

9.4.5.1. Saudi Arabia

9.4.5.1.1. By Sensor Type

9.4.5.1.2. By Technology

9.4.5.1.3. By End-user

9.4.5.1.4. By Vehicle Type

9.4.5.2. Israel

9.4.5.2.1. By Sensor Type

9.4.5.2.2. By Technology

9.4.5.2.3. By End-user

9.4.5.2.4. By Vehicle Type

9.4.5.3. UAE

9.4.5.3.1. By Sensor Type

9.4.5.3.2. By Technology

9.4.5.3.3. By End-user

9.4.5.3.4. By Vehicle Type

9.4.5.4. Others

9.5. Asia Pacific

9.5.1. By Sensor Type

9.5.2. By Technology

9.5.3. By End-user

9.5.4. By Vehicle Type

9.5.5. By Country

9.5.5.1. China

9.5.5.1.1. By Sensor Type

9.5.5.1.2. By Technology

9.5.5.1.3. By End-user

9.5.5.1.4. By Vehicle Type

9.5.5.2. Japan

9.5.5.2.1. By Sensor Type

9.5.5.2.2. By Technology

9.5.5.2.3. By End-user

9.5.5.2.4. By Vehicle Type

9.5.5.3. South Korea

9.5.5.3.1. By Sensor Type

9.5.5.3.2. By Technology

9.5.5.3.3. By End-user

9.5.5.3.4. By Vehicle Type

9.5.5.4. India

9.5.5.4.1. By Sensor Type

9.5.5.4.2. By Technology

9.5.5.4.3. By End-user

9.5.5.4.4. By Vehicle Type

9.5.5.5. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

11. COMPANY PROFILES*

11.1. Robert Bosch GmbH

11.2. Valeo

11.3. Continental AG

11.4. Xvision Ltd

11.5. Scorpion Automotive Ltd

11.6. Aptiv plc

11.7. Murata Manufacturing Co., Ltd.

11.8. Pepperl+Fuchs GmbH

11.9. Texas Instruments Incorporated

11.10. Nedap

LIST OF FIGURES

LIST OF TABLES

Robert Bosch GmbH

Valeo

Continental AG

Xvision Ltd

Scorpion Automotive Ltd

Aptiv plc

Murata Manufacturing Co., Ltd.

Pepperl+Fuchs GmbH

Texas Instruments Incorporated

Nedap

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