NEW YORK, May 31, 2021 /PRNewswire/ --
The automotive parking sensors market is set to grow by USD 7.28 billion, progressing at a CAGR of almost 18% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Analog Devices Inc., Aptiv Plc, Continental AG, CTS Corp., DENSO Corp., Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Robert Bosch GmbH, SENSATA TECHNOLOGIES HOLDING PLC, and Valeo SA are some of the major market participants. Factors such as the growing demand for assisted parking systems, the decreasing risk to small children and other pedestrians while reversing vehicles, and the stringent government regulations regarding reversing safety will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Automotive Parking Sensors Market 2021-2025: Segmentation
Automotive Parking Sensors Market is segmented as below:
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Automotive Parking Sensors Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the automotive parking sensors market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Analog Devices Inc., Aptiv Plc, Continental AG, CTS Corp., DENSO Corp., Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Robert Bosch GmbH, SENSATA TECHNOLOGIES HOLDING PLC, and Valeo SA.
The report also covers the following areas:
Growing demand for assisted parking systems is likely to emerge as one of the primary drivers of the market. However, the high replacement cost associated with parking systems may threaten the growth of the market.
Backed with competitive intelligence and benchmarking, our research reports on the automotive parking sensors market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Automotive Parking Sensors Market 2021-2025: Key Highlights
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Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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