Houston, TX -- (SBWIRE) -- 06/15/2018 -- The Global Parking Sensors Market is accounted for $4,318 million in 2015 and expected to grow at a CAGR of 24.2% to reach $19,698 million by 2022. Factors such as helping to prevent injury to pedestrians and adoption of LiDAR in parking assist system will drive the market growth. However, high replacement cost and limited detection range of the sensors are the factors restraining the market growth.

Ultrasonic parking sensors segment attributed the highest share in the parking sensors technology market. Original Equipment Manufacturers (OEMs) segment holds the largest share due to increasing four-wheeler manufacturers. North America is the largest market followed by Europe in terms of revenue due to rising sales of top-end vehicles. Asia Pacific is expected to be the fastest growing region.

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Some of the key players in global Parking Sensors market are Analog Devices Inc, Robert Bosch GmbH, Continental AG., DENSO Corporation, Murata Manufacturing, NXP Semiconductors, Texas Instruments, Valeo, Freescale Semiconductor Ltd, BMW, Mercedes Benz, Ford Motor Company, Volkswagen, Audi and Parking
Technologies Covered: Ultrasonic, Electromagnetic
Sales Channels Covered: Original Equipment Manufacturers (OEMs), Aftermarket
Regions Covered: North America, US, Canada, Mexico, Europe, Germany, UK, Italy, France, Spain, Rest of Europe, Asia Pacific, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Rest of South America, Middle East & Africa, Saudi Arabia, UAE, Qatar, South Africa, Rest of Middle East & Africa

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Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements