Parking sensors Market is $ 1511 million in 2017 and is estimated to grow at a CAGR of 24.3% during 2018-2023. - PowerPoint PPT Presentation

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Parking sensors Market is $ 1511 million in 2017 and is estimated to grow at a CAGR of 24.3% during 2018-2023.

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Parking sensor systems are electronic guidance and warning systems that assist safe reversing and parking with more confidence. The global Parking sensors Market is $ 1511 million in 2017 and is estimated to grow at a CAGR of 24.3% during 2018-2023. By technology ultrasonic sensors have the highest market share and is estimated to continue the dominance in the industry during the forecast period. – PowerPoint PPT presentation

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Title: Parking sensors Market is $ 1511 million in 2017 and is estimated to grow at a CAGR of 24.3% during 2018-2023.


1
The Global Parking Sensors Market Is 1511
Million In 2017 And Is Estimated To Grow At A
CAGR of 24.3 During 2018-2023.
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2
Europe is forecast to dominate the Parking
Sensors market during the forecast period due to
the increasing sales of high end cars which have
superior quality sensors. due to highly developed
countries such as Germany, UK, and France. The
European parking Sensors market is expected to
reach 2,786m by 2023, growing at a CAGR of
22.9. The growing demand for automated vehicles
in the region has also driven the European
market. In Asia Pacific, the increasing number of
automotive production facilities production
facilities will propel the demand for parking
sensors.
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3
Selected Analysis Done in the Full Report
The aftermarket integration segment will have the
largest share in the Parking Sensors market. The
segments value is forecast to reach 3,870m by
2023, growing at a CAGR of 22.0. The growth of
this segment is due to increasing vehicle
population which drives the automotive industry.
The growth of this segment can b attributed to
the strict governmental regulations concerning
vehicle safety across various regions.
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4
Selected Driving Factors Mentioned in the Full
Report
  • Growing demand for park assist systems among
    vehicles will drive the growth of the car parking
    sensor in the forecast period. Cost savings
    related to fuel efficiency spurs the demand for
    the car parking sensor in the forecast period.
  • Growth of the automotive industry will propel
    the demand for cars with parking assistance
    during the forecast period.
  • Increased adoption of luxury cars will lead to
    the growth of the parking sensors market. The
    concept of smart concept is important for
    mobility in cities and provides a dependable
    revenue generation model.

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5
Key Players of the Parking Sensors Market
  • TGS
  • P8
  • INRIX
  • Nedap
  • IEM
  • And 15 more

Download Sample Report
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6
You Can Customize the Report as Per Your Need. We
have included Some Customization Options
Company Profile
Analyst Briefing
Data Tables
Key Contacts
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7
About IndustryARC
IndustryARC is a research and consulting firm
that publishes more than 500 reports annually in
various industries, such as Agriculture,
Automotive, Automation Instrumentation,
Chemicals and Materials, Energy and Power,
Electronics, Food Beverages, Information
Technology, Life sciences Healthcare. IndustryA
RC primarily focuses on Cutting Edge Technologies
and Newer Applications of the Market. Our Custom
Research Services are designed to provide
insights on the constant flux in the global
demand-supply gap of markets. Our strong analyst
team enables us to meet the client research needs
at a very quick speed with a variety of options
for your business.
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