Worldwide Automotive Parking Sensors Market to Grow at a CAGR of 23.90% During by 2020

MarketResearchReports.Biz has announced addition of new report “Global Automotive Parking Sensors Market 2016-2020” to its database.


Albany, NY -- (SBWIRE) -- 02/23/2017 -- About Automotive Parking Sensors

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 obstacle in terms of distance and representation. As a result, the automotive industry is progressively witnessing the adoption of parking sensors.

Technavios analysts forecast the global automotive parking sensors market to grow at a CAGR of 23.90% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global automotive parking sensors market for 2016-2020. To calculate the market size, the report considers the revenue of automotive parking sensors across all regions.

The market is divided into the following segments based on geography:


Technavio's report, Global Automotive Parking Sensors Market 2016-2020, 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.

Key vendors
Murata Manufacturing
NXP Semiconductors
Texas Instruments

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Other prominent vendors
Black Cat Security
Nippon Audiotronix
Parking Dynamics

Market driver
Legislation standards for backup camera to push adoption of parking sensors.
For a full, detailed list, view our report

Market challenge
High replacement cost associated with parking sensor system.
For a full, detailed list, view our report

Market trend
Adoption of LiDAR in parking assist system.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 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?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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