Parking Sensors Market Analysis By Technology (Ultrasonic, Electromagnetic) And Segment Forecasts To 2020

Published: Feb, 2014 | Pages: 72 | Publisher: Grand View Research
Industry: Semiconductors | Report Format: Electronic (PDF)

The global market for parking sensors is expected to reach USD 9,782.9 million by 2020. Parking sensors prevent physical damage to the vehicle by alerting the driver when the automotive approaches an obstacle. Furthermore, they help prevent potential injury to pedestrians. These features are particularly useful in light of reducing parking spaces and changing dimensions of the average car, thus acting as a key driver for industry growth.

Parking sensors employing ultrasonic technology accounted for 65.1% of the overall market share in 2012. Electromagnetic parking sensors are expected to grow faster than the global average at a CAGR of 19.3% from 2013 to 2020. Installation by original equipment manufacturers (OEM) accounted for 80.7% of the market in 2012. The price range for these installations is much higher as compared to their aftermarket counterparts, thereby contributing largely to revenue.

Further key findings from the study suggest:

The global parking sensors market was estimated to be valued at USD 2,546 million in 2012, and is expected to grow at a CAGR of 18.4% from 2013 to 2020.
Ultrasonic parking sensors are expected to continue dominating the global market over the forecast period. However, electromagnetic technology is expected to be a fast growing segment, primarily because it helps combat issues such as presence of visible parts on the vehicle's bumper. Additionally, electromagnetic sensors are self diagnostic and are equipped with a maintenance system. Preservation of the aesthetic appearance of the automotive coupled with superior design in the form of a transceiver adhesive strip is expected to be the chief driver for this segment.
Aftermarket parking sensors are cost effective as compared to those installed by the OEM, since the latter are made specific to the make and model of the vehicle. OEM installed parking sensors ensure superior construction and fitment, as a result of which they are expected to contribute to majority of the global industry revenue in the coming years.
North America accounted for 38.5% of the global market share in 2012, and is expected to continue being the largest regional segment over the forecast period. Initiatives by regulatory authorities in the region are expected to be the key driving force for regional market growth. Asia Pacific is expected to be the fastest growing region, with an estimated CAGR of 20.1% from 2013 to 2020.
Companies operating in the market include parking sensor manufacturers as well as OEMs. Major automotive companies offer parking sensor systems, with optional LCD displays that show the distance between the vehicle and obstacle. Industry participants offer Advanced Driver Assistance Systems (ADAS), in order for the driver to make an informed decision. Key players in the market include Continental AG, Freescale Semiconductor Ltd., Robert Bosch GmbH, Texas Instruments Inc., BMW, Audi and Volkswagen among others.

For the purpose of this study, Grand View Research has segmented the parking sensors market on the basis of technology, installation and regional markets:

Parking Sensors Technology Outlook (Revenue in USD Million, 2012 to 2020)

Ultrasonic
Electromagnetic
Parking Sensors Installation Outlook (Revenue in USD Million, 2012 to 2020)

OEM
Aftermarket
Parking Sensors Regional Outlook (Revenue in USD Million, 2012 to 2020)

North America

North America Parking Sensors Market by Technology
Ultrasonic
Electromagnetic
North America Parking Sensors Market by Installation
OEM
Aftermarket
Europe

Europe Parking Sensors Market by Technology
Ultrasonic
Electromagnetic
Europe Parking Sensors Market by Installation
OEM
Aftermarket
Asia Pacific

Asia Pacific Parking Sensors Market by Technology
Ultrasonic
Electromagnetic
Asia Pacific Parking Sensors Market by Installation
OEM
Aftermarket
RoW

RoW Parking Sensors Market by Technology
Ultrasonic
Electromagnetic
RoW Parking Sensors Market by Installation
OEM
Aftermarket

 Table of Contents
                                                

Chapter 1 Executive Summary

                1.1 Parking Sensors - Industry Summary & Critical Success Factors (CSFs)       

Chapter 2 Parking Sensors Industry Outlook                                                

                2.1 Market Segmentation                                          

                2.2 Market Size and Growth Prospects

                2.3 Parking Sensors Value Chain Analysis                                       

                2.4 Parking Sensors Market Dynamics                                                                    

                2.5 Key Opportunities Prioritized                                           

                2.6 Industry Analysis - Porter's

                2.7 Parking Sensors - Company Market Share Analysis

                2.8 Parking Sensors - PESTEL Analysis      

Chapter 3 Parking Sensors Technology Outlook

                3.1 Ultrasonic

                3.2 Electromagnetic

Chapter 4 Parking Sensors Installation Outlook

                4.1 OEM

                4.2 Aftermarket

Chapter 5 Parking Sensors Regional Outlook                                                          

                5.1 North America                                         

                5.2 Europe                                         

                5.3 Asia Pacific

                5.4 RoW

Chapter 6 Parking Sensors Competitive landscape

                6.1 Abbott Analog Devices Inc.

                    6.1.1 Company Overview

                    6.1.2 Financial Performance

                    6.1.3 Product Benchmarking

                    6.1.4 Strategic Initiatives

                6.2 Continental AG

                    6.2.1 Company Overview

                    6.2.2 Financial Performance

                    6.2.3 Product Benchmarking

                    6.2.4 Strategic Initiatives

                6.3 Denso Corporation

                    6.3.1 Company Overview

                    6.3.2 Financial Performance

                    6.3.3 Product Benchmarking

                    6.3.4 Strategic Initiatives

                6.4 Freescale Semiconductor Ltd.

                    6.4.1 Company Overview

                    6.4.2 Financial Performance

                    6.4.3 Product Benchmarking

                    6.4.4 Strategic Initiatives

                6.5 NXP Semiconductors N.V.

                    6.5.1 Company Overview

                    6.5.2 Financial Performance

                    6.5.3 Product Benchmarking

                    6.5.4 Strategic Initiatives

                6.6 Robert Bosch GmbH

                    6.6.1 Company Overview

                    6.6.2 Financial Performance

                    6.6.3 Product Benchmarking

                    6.6.4 Strategic Initiatives

                6.7 Texas Instruments Inc.

                   6.7.1 Company Overview

                    6.7.2 Financial Performance

                    6.7.3 Product Benchmarking

                    6.7.4 Strategic Initiatives

                6.8 BMW

                    6.8.1 Company Overview

                    6.8.2 Financial Performance

                    6.8.3 Product Benchmarking

                    6.8.4 Strategic Initiatives

                6.9  Mercedes Benz (Parktronic)

                    6.9.1 Company Overview

                    6.9.2 Financial Performance

                    6.9.3 Product Benchmarking

                    6.9.4 Strategic Initiatives

                6.10 Ford Motor Company

                    6.10.1 Company Overview

                    6.10.2 Financial Performance

                    6.10.3 Product Benchmarking

                    6.10.4 Strategic Initiatives

                6.11 Audi

                    6.11.1 Company Overview

                    6.11.2 Financial Performance

                    6.11.3 Product Benchmarking

                    6.11.4 Strategic Initiatives

                6.12 Honda

                    6.12.1 Company Overview

                    6.12.2 Financial Performance

                    6.12.3 Product Benchmarking

                    6.12.4 Strategic Initiatives

                6.13 Hyundai

                    6.13.1 Company Overview

                    6.13.2 Financial Performance

                    6.13.3 Product Benchmarking

                    6.13.4 Strategic Initiatives 

               6.14 Volkswagen

                   6.14.1 Company Overview

                   6.14.2 Financial Performance

                   6.14.3 Product Benchmarking

                   6.14.4 Strategic Initiatives

               6.15 Parking Dynamics

                   6.15.1 Company Overview

                   6.15.2 Financial Performance

                   6.15.3 Product Benchmarking

                   6.15.4 Strategic Initiatives                                      

Chapter 7 Methodology and Scope                                                   

                7.1 Research Methodology                                       

                7.2 Research Scope & Assumption                                      

                7.3 List of Data Sources


List of Tables


Global parking sensors market revenue, 2012 - 2020      
Global parking sensors market revenue by region 2012 - 2020 (USD Million)
Global parking sensors market revenue by technology 2012 - 2020 (USD Million)
Global parking sensors market revenue by installation 2012 - 2020 (USD Million)
Global ultrasonic parking sensors market demand (Revenue), 2012 - 2020
Global ultrasonic parking sensors market demand by region  (Revenue), 2012 - 2020
Global electromagnetic parking sensors market demand (Revenue), 2012 - 2020
Global electromagnetic parking sensors market demand by region (Revenue), 2012 - 2020
Global OEM parking sensors market demand (Revenue), 2012 - 2020
Global OEM parking sensors market demand by region (Revenue), 2012 - 2020
Global aftermarket parking sensors market demand (Revenue), 2012 - 2020
Global aftermarket parking sensors market demand by region (Revenue), 2012 - 2020
North America parking sensors market by technology 2012 - 2020 (USD Million)
North America parking sensors market by installation, 2012 - 2020 (USD Million)
Europe parking sensors market by technology 2012 - 2020 (USD Million)
Europe parking sensors market by installation, 2012 - 2020 (USD Million)
Asia Pacific parking sensors market by technology 2012 - 2020 (USD Million)
Asia Pacific parking sensors market by installation, 2012 - 2020 (USD Million)
RoW parking sensors market by technology 2012 - 2020 (USD Million)
RoW parking sensors market by installation, 2012 - 2020 (USD Million)
Global parking sensors market - Competitive landscape

List of Figures

Parking Sensors -Industry Summary & Critical Success Factors (CSFs)
Parking sensors market segmentation
Global parking sensors market revenue, 2012 -2020
Parking sensors value chain analysis
Parking sensors market dynamics
Parking sensors company market share analysis, 2012
Key opportunities prioritized
Industry analysis - Porter's
Parking sensors PESTEL analysis, 2012
Parking sensors market revenue share by technology, 2012 & 2020
Global ultrasonic parking sensors market demand (Revenue), 2012 -2020
Global electromagnetic parking sensors market demand (Revenue), 2012 -2020
Parking sensors market revenue share by installation, 2012 & 2020
Global OEM parking sensors market demand (Revenue), 2012 -2020
Global aftermarket parking sensors market demand (Revenue), 2012 -2020
Parking sensors market revenue share by region, 2012 & 2020
North America parking sensors market, by technology, 2012
North America parking sensors market, by installation, 2012
Europe parking sensors market, by technology, 2012
Europe parking sensors market, by technology, 2012
Asia Pacific parking sensors market, by technology, 2012
Asia Pacific parking sensors market, by technology, 2012
RoW parking sensors market, by technology, 2012
RoW parking sensors market, by technology, 2012
Research methodology
List of data sources
Research scope & assumptions
Disclaimer