Automotive Parking Sensors Market report 2016-2020 focuses on the major drivers and restraints for the key players. Automotive Parking Sensors research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Automotive Parking Sensors market research report is a professional and in-depth study on the current state of Automotive Parking Sensors Industry.

1. Global Automotive Parking Sensors Market
to Grow at a CAGR of 23.90% by 2020

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Global Automotive Parking Sensors market research analyzes
the key players in the global automotive parking sensors
market such as Bosch, DENSO, Murata Manufacturing, NXP
Semiconductors, Texas Instruments, and Valeo. The report
also presents a competitive analysis of the market by end-
users (aftermarket and OEMs), by sensor type
(electromagnetic and ultrasonic), and by geography (the
Americas, APAC, and EMEA).

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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.
Other prominent vendors:
• Black Cat Security
• Nippon Audiotronix
• Parking Dynamics
• Proxel

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Market challenge and Trends:
 High replacement cost associated with parking sensors system
 Functional issues of parking assist system
 Overdependence on safety systems is impacting driving skills
Key Market Drivers:
 Untoward incidents during parking maneuvers (reversing and blind spots) to push
adoption of parking sensors
 Legislation standards for backup camera to push adoption of parking sensors
 Growing usage of automatic parking system to push parking sensors demand
 Increased safety awareness among end users to push growth in parking sensors market
 Insurance premium discounts for vehicles equipped with technology that removes impaired
visibility

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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?
Get more details@ http://www.360marketupdates.com/global-
automotive-parking-sensors-market-2016-2020-10356684

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