Automotive Parking Sensors Market: Global Industry Analysis

Automotive Parking Sensors Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2030

16.8%

CAGR (2024-2030)

7.84 USD Bn.

Market Size

302

Report Pages

141

Market Tables

Overview

The Automotive Parking Sensors Market size was valued at USD 7.84 Billion in 2023 and the total Automotive Parking Sensors revenue is expected to grow at a CAGR of 16.8% from 2024 to 2030, reaching nearly USD 23.27 Billion.

Global Automotive Parking Sensors Market: Overview

Automotive Parking Sensor is used in parking assistance systems. These parking sensors are usually mounted on bumpers to sense the distance of obstacles from the car, this distance alert is sent to driver in the form of audio or visual display form. Now, development in technology has made it possible to view the part of vehicle, nearer to obstacle, in the car display with digital graphic. This system provides more safe and convenient parking of vehicle.Some premium segment and midrange car provide 360ocar view, cars such as BMW X5 provides this feature. As demand for such features is increasing, demand forGlobal Automotive Parking Sensors Market too will increase. To know about the Research Methodology :- Request Free Sample Report

Global Automotive Parking Sensors Market: Key Development

The automotive sensors are more capable of providing visual input to the processors of car, thus requires more powerful processors in automobile. The processors used in ADAS system with incoming data has to process and present it in interpreted environment for the car. This environment is reliable enough to handle the car at low speed with driver or without driver.

Jacinto 7 Processor is designed by Texas Instrument to resolve this processing issue. They explained how this processor interact with system and can be used in building ADAS system and fully automated assisted parking solution. Ensure more safety and it is more comfortable in fully automated parking.

Global Automotive Parking Sensors Market: Drivers

Electromagnetic sensors are expected to be fastest growing segment owing to its functional capability which overcomes the problems associated with other proximity sensors like presence of visible parts on vehicle bumper. Electromagnetic sensors are equipped with maintenance system which are self-diagnose type. Superior design and finishing look can be achieved by installing electromagnetic sensors.Major vehicle manufacturers are offering parking sensors with digital graphical interface to maintain their position in global competition.

Increasing convenience and demand for safety from customers are driving the Global Automotive Parking Sensors Market.Increasing Urbanization and increasing demand for passenger vehicle are driving the growth of Global Automotive Parking Sensors Market.

Global Automotive Parking Sensors Market: Challenges

The parking sensors add cost in vehicle manufacturing; this market can be affected by cost effective car segment.

Global Automotive Parking Sensors Market: Regional Overview

Global Automotive Parking Sensors Market is segmented into regions Asia Pacific, North America, Europe, South America, and Middle East & Africa.North American region continues its dominance over Global Automotive Parking Sensors Marketand is accounted for 35% share in global prospective. Key Players operating in this region are Ford, Porsche, GM and Chrysler which are driving the Global market. Safety concerns and safety precaution is growing in this region and thus driving Global Market.

Asia Pacific is the leader in passenger vehicle market, owing to this Automotive Parking Sensorsare expected to show highest market growth in the future. Tight parking place and rising expensive cars are driving the market in the Asia Pacific region.

Global Automotive Parking Sensors Market: Segmentation

Global Market is segmented into Vehicle Type (Passenger Vehicle, Commercial Vehicle), Technology Type(Parking Sensors, Electromagnetic sensors)and Region (North America, Europe, Asia pacific, Middle East & Africa, and Latin America).

The report also helps in understanding Market dynamics, structure by analyzing the market segments and projects the Market size. Clear representation of competitive analysis of key players by Supply Chain, price, financial position, Product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.

Scope of the Automotive Parking Sensors Market: Inquire before buying

Global Automotive Parking Sensors Market
Report Coverage	Details
Base Year:	2023	Forecast Period:	2024-2030
Historical Data:	2018 to 2023	Market Size in 2023:	USD 7.84 Bn.
Forecast Period 2024 to 2030 CAGR:	16.8%	Market Size in 2030:	USD 23.27 Bn.
Segments Covered:	by Technologies	Ultrasonic Sensors Electromagnetic sensors
	by End User	Passenger Vehicles Commercial Vehicles

Automotive Parking Sensors Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key players operating in Automotive Parking Sensors Market

1. Denso Corporation
2. Autoliv Inc.
3. Continental AG
4. Murata Manufacturing Co., Ltd.
5. NXP Semiconductors N.V.
6. Gentex Corporation
7. Aptiv PLC
8. Robert Bosch GmbH
9. TGS Group
10.Valeo

Frequently Asked Questions:

1] What segments are covered in the Global Market report?
Ans. The segments covered in the Market report are based on Technologies, End User.

2] What is the growth rate of Global Automotive Parking Sensors Market?
Ans: The Global Market is growing at a CAGR of 16.8% during forecasting period 2024-2030.

3] What is the forecast period for the Global Market?
Ans. The forecast period for the Global Market is 2024-2030.

4] What was the Global Automotive Parking Sensors Market size in 2023?
Ans: The Global Automotive Parking Sensors Market size was USD 7.84 Billion in 2023.

5] What is the study period of this Market?
Ans: The Global Market is studied from 2023 to 2030.

Global Automotive Parking Sensors Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Automotive Parking Sensors Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Automotive Parking Sensors Market Analysis and Forecast 6.1. Automotive Parking Sensors MarketSize & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Automotive Parking Sensors Market Analysis and Forecast, By End User 7.1. Introduction and Definition 7.2. Key Findings 7.3. Automotive Parking Sensors MarketValue Share Analysis, By End User 7.4. Automotive Parking Sensors MarketSize (US$ Bn) Forecast, By End User 7.5. Automotive Parking Sensors Market Analysis, By End User 7.6. Automotive Parking Sensors Market Attractiveness Analysis, By End User 8. Automotive Parking Sensors Market Analysis and Forecast, By Technologies 8.1. Introduction and Definition 8.2. Key Findings 8.3. Automotive Parking Sensors Market Value Share Analysis, By Technologies 8.4. Automotive Parking Sensors MarketSize (US$ Bn) Forecast, By Technologies 8.5. Automotive Parking Sensors MarketAnalysis, By Technologies 8.6. Automotive Parking Sensors MarketAttractiveness Analysis, By Technologies 9. Automotive Parking Sensors Market Analysis, by Region 9.1. Automotive Parking Sensors MarketValue Share Analysis, by Region 9.2. Automotive Parking Sensors MarketSize (US$ Bn) Forecast, by Region 9.3. Automotive Parking Sensors MarketAttractiveness Analysis, by Region 10. North America Automotive Parking Sensors MarketAnalysis 10.1. Key Findings 10.2. North America Automotive Parking Sensors MarketOverview 10.3. North America Automotive Parking Sensors MarketValue Share Analysis, By End User 10.4. North America Automotive Parking Sensors Market Forecast, By End User 10.4.1. Passenger Vehicles 10.4.2. Commercial Vehicles 10.5. North America Automotive Parking Sensors MarketValue Share Analysis, By Technologies 10.6. North America Automotive Parking Sensors MarketForecast, By Technologies 10.6.1. Ultrasonic Sensors 10.6.2. Electromagnetic sensors 10.7. North America Automotive Parking Sensors Market Value Share Analysis, by Country 10.8. North America Automotive Parking Sensors MarketForecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Automotive Parking Sensors Market Analysis, by Country 10.10. U.S. Automotive Parking Sensors Market Forecast, By End User 10.10.1. Passenger Vehicles 10.10.2. Commercial Vehicles 10.11. U.S. Automotive Parking Sensors MarketForecast, By Technologies 10.11.1. Ultrasonic Sensors 10.11.2. Electromagnetic sensors 10.12. Canada Automotive Parking Sensors Market Forecast, By End User 10.12.1. Passenger Vehicles 10.12.2. Commercial Vehicles 10.13. Canada Automotive Parking Sensors MarketForecast, By Technologies 10.13.1. Ultrasonic Sensors 10.13.2. Electromagnetic sensors 10.14. North America Automotive Parking Sensors MarketAttractiveness Analysis 10.14.1. By End User 10.14.2. By Technologies 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Automotive Parking Sensors Market Analysis 11.1. Key Findings 11.2. Europe Automotive Parking Sensors MarketOverview 11.3. Europe Automotive Parking Sensors MarketValue Share Analysis, By End User 11.4. Europe Automotive Parking Sensors MarketForecast, By End User 11.4.1. Passenger Vehicles 11.4.2. Commercial Vehicles 11.5. Europe Automotive Parking Sensors MarketValue Share Analysis, By Technologies 11.6. Europe Automotive Parking Sensors Market Forecast, By Technologies 11.6.1. Ultrasonic Sensors 11.6.2. Electromagnetic sensors 11.7. Europe Automotive Parking Sensors Market Value Share Analysis, by Country 11.8. Europe Automotive Parking Sensors MarketForecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Sweden 11.8.7. Rest of Europe 11.9. Europe Automotive Parking Sensors MarketAnalysis, by Country 11.10. Germany Automotive Parking Sensors MarketForecast, By End User 11.10.1. Passenger Vehicles 11.10.2. Commercial Vehicles 11.11. Germany Automotive Parking Sensors MarketForecast, By Technologies 11.11.1. Ultrasonic Sensors 11.11.2. Electromagnetic sensors 11.12. U.K. Automotive Parking Sensors MarketForecast, By End User 11.12.1. Passenger Vehicles 11.12.2. Commercial Vehicles 11.13. U.K. Automotive Parking Sensors MarketForecast, By Technologies 11.13.1. Ultrasonic Sensors 11.13.2. Electromagnetic sensors 11.14. France Automotive Parking Sensors MarketForecast, By End User 11.14.1. Passenger Vehicles 11.14.2. Commercial Vehicles 11.15. France Automotive Parking Sensors Market Forecast, By Technologies 11.15.1. Ultrasonic Sensors 11.15.2. Electromagnetic sensors 11.16. Italy Automotive Parking Sensors Market Forecast, By End User 11.16.1. Passenger Vehicles 11.16.2. Commercial Vehicles 11.17. Italy Automotive Parking Sensors Market Forecast, By Technologies 11.17.1. Ultrasonic Sensors 11.17.2. Electromagnetic sensors 11.18. Spain Automotive Parking Sensors MarketForecast, By End User 11.18.1. Passenger Vehicles 11.18.2. Commercial Vehicles 11.19. Spain Automotive Parking Sensors Market Forecast, By Technologies 11.19.1. Ultrasonic Sensors 11.19.2. Electromagnetic sensors 11.20. SwedenAutomotive Parking Sensors Market Forecast, By End User 11.20.1. Passenger Vehicles 11.20.2. Commercial Vehicles 11.21. SwedenAutomotive Parking Sensors Market Forecast, By Technologies 11.21.1. Ultrasonic Sensors 11.21.2. Electromagnetic sensors 11.22. Rest of Europe Automotive Parking Sensors MarketForecast, By End User 11.22.1. Passenger Vehicles 11.22.2. Commercial Vehicles 11.23. Rest of Europe Automotive Parking Sensors MarketForecast, By Technologies 11.23.1. Ultrasonic Sensors 11.23.2. Electromagnetic sensors 11.24. Europe Automotive Parking Sensors MarketAttractiveness Analysis 11.24.1. By End User 11.24.2. By Technologies 11.25. PEST Analysis 11.26. Key Trends 11.27. Key Developments 12. Asia Pacific Automotive Parking Sensors Market Analysis 12.1. Key Findings 12.2. Asia Pacific Automotive Parking Sensors Market Overview 12.3. Asia Pacific Automotive Parking Sensors MarketValue Share Analysis, By End User 12.4. Asia Pacific Automotive Parking Sensors MarketForecast, By End User 12.4.1. Passenger Vehicles 12.4.2. Commercial Vehicles 12.5. Asia Pacific Automotive Parking Sensors Market Value Share Analysis, By Technologies 12.6. Asia Pacific Automotive Parking Sensors Market Forecast, By Technologies 12.6.1. Ultrasonic Sensors 12.6.2. Electromagnetic sensors 12.7. Asia Pacific Automotive Parking Sensors Market Value Share Analysis, by Country 12.8. Asia Pacific Automotive Parking Sensors Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. South Korea 12.8.5. Australia 12.8.6. Indonesia 12.8.7. Malaysia 12.8.8. Vietnam 12.8.9. ASEAN 12.8.10. Rest of Asia Pacific 12.9. Asia Pacific Automotive Parking Sensors Market Analysis, by Country 12.10. China Automotive Parking Sensors Market Forecast, By End User 12.10.1. Passenger Vehicles 12.10.2. Commercial Vehicles 12.11. China Automotive Parking Sensors Market Forecast, By Technologies 12.11.1. Ultrasonic Sensors 12.11.2. Electromagnetic sensors 12.12. India Automotive Parking Sensors Market Forecast, By End User 12.12.1. Passenger Vehicles 12.12.2. Commercial Vehicles 12.13. India Automotive Parking Sensors Market Forecast, By Technologies 12.13.1. Ultrasonic Sensors 12.13.2. Electromagnetic sensors 12.14. Japan Automotive Parking Sensors Market Forecast, By End User 12.14.1. Passenger Vehicles 12.14.2. Commercial Vehicles 12.15. Japan Automotive Parking Sensors Market Forecast, By Technologies 12.15.1. Ultrasonic Sensors 12.15.2. Electromagnetic sensors 12.16. South KoreaAutomotive Parking Sensors Market Forecast, By End User 12.16.1. Passenger Vehicles 12.16.2. Commercial Vehicles 12.17. South KoreaAutomotive Parking Sensors Market Forecast, By Technologies 12.17.1. Ultrasonic Sensors 12.17.2. Electromagnetic sensors 12.18. AustraliaAutomotive Parking Sensors Market Forecast, By End User 12.18.1. Passenger Vehicles 12.18.2. Commercial Vehicles 12.19. AustraliaAutomotive Parking Sensors Market Forecast, By Technologies 12.19.1. Ultrasonic Sensors 12.19.2. Electromagnetic sensors 12.20. IndonesiaAutomotive Parking Sensors Market Forecast, By End User 12.20.1. Passenger Vehicles 12.20.2. Commercial Vehicles 12.21. IndonesiaAutomotive Parking Sensors Market Forecast, By Technologies 12.21.1. Ultrasonic Sensors 12.21.2. Electromagnetic sensors 12.22. MalaysiaAutomotive Parking Sensors Market Forecast, By End User 12.22.1. Passenger Vehicles 12.22.2. Commercial Vehicles 12.23. MalaysiaAutomotive Parking Sensors Market Forecast, By Technologies 12.23.1. Ultrasonic Sensors 12.23.2. Electromagnetic sensors 12.24. VietnamAutomotive Parking Sensors Market Forecast, By End User 12.24.1. Passenger Vehicles 12.24.2. Commercial Vehicles 12.25. VietnamAutomotive Parking Sensors Market Forecast, By Technologies 12.25.1. Ultrasonic Sensors 12.25.2. Electromagnetic sensors 12.26. ASEAN Automotive Parking Sensors Market Forecast, By End User 12.26.1. Passenger Vehicles 12.26.2. Commercial Vehicles 12.27. ASEAN Automotive Parking Sensors Market Forecast, By Technologies 12.27.1. Ultrasonic Sensors 12.27.2. Electromagnetic sensors 12.28. Rest of Asia Pacific Automotive Parking Sensors Market Forecast, By End User 12.28.1. Passenger Vehicles 12.28.2. Commercial Vehicles 12.29. Rest of Asia Pacific Automotive Parking Sensors Market Forecast, By Technologies 12.29.1. Ultrasonic Sensors 12.29.2. Electromagnetic sensors 12.30. Asia Pacific Automotive Parking Sensors MarketAttractiveness Analysis 12.30.1. By End User 12.30.2. By Technologies 12.31. PEST Analysis 12.32. Key Trends 12.33. Key Developments 13. Middle East & Africa Automotive Parking Sensors Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Automotive Parking Sensors MarketOverview 13.3. Middle East & Africa Automotive Parking Sensors Market Value Share Analysis, By End User 13.4. Middle East & Africa Automotive Parking Sensors Market Forecast, By End User 13.4.1. Passenger Vehicles 13.4.2. Commercial Vehicles 13.5. Middle East & Africa Automotive Parking Sensors Market Value Share Analysis, By Technologies 13.6. Middle East & Africa Automotive Parking Sensors Market Forecast, By Technologies 13.6.1. Ultrasonic Sensors 13.6.2. Electromagnetic sensors 13.7. Middle East & Africa Automotive Parking Sensors Market Value Share Analysis, by Country 13.8. Middle East & Africa Automotive Parking Sensors Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Automotive Parking Sensors Market Analysis, by Country 13.10. GCC Automotive Parking Sensors Market Forecast, By End User 13.10.1. Passenger Vehicles 13.10.2. Commercial Vehicles 13.11. GCC Automotive Parking Sensors Market Forecast, By Technologies 13.11.1. Ultrasonic Sensors 13.11.2. Electromagnetic sensors 13.12. South Africa Automotive Parking Sensors Market Forecast, By End User 13.12.1. Passenger Vehicles 13.12.2. Commercial Vehicles 13.13. South Africa Automotive Parking Sensors Market Forecast, By Technologies 13.13.1. Ultrasonic Sensors 13.13.2. Electromagnetic sensors 13.14. Rest of Middle East & Africa Automotive Parking Sensors Market Forecast, By End User 13.14.1. Passenger Vehicles 13.14.2. Commercial Vehicles 13.15. Rest of Middle East & Africa Automotive Parking Sensors Market Forecast, By Technologies 13.15.1. Ultrasonic Sensors 13.15.2. Electromagnetic sensors 13.16. Middle East & Africa Automotive Parking Sensors Market Attractiveness Analysis 13.16.1. By End User 13.16.2. By Technologies 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Automotive Parking Sensors Market Analysis 14.1. Key Findings 14.2. South America Automotive Parking Sensors MarketOverview 14.3. South America Automotive Parking Sensors Market Value Share Analysis, By End User 14.4. South America Automotive Parking Sensors Market Forecast, By End User 14.4.1. Passenger Vehicles 14.4.2. Commercial Vehicles 14.5. South America Automotive Parking Sensors Market Value Share Analysis, By Technologies 14.6. South America Automotive Parking Sensors Market Forecast, By Technologies 14.6.1. Ultrasonic Sensors 14.6.2. Electromagnetic sensors 14.7. South America Automotive Parking Sensors Market Value Share Analysis, by Country 14.8. South America Automotive Parking Sensors Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Automotive Parking Sensors Market Analysis, by Country 14.10. Brazil Automotive Parking Sensors Market Forecast, By End User 14.10.1. Passenger Vehicles 14.10.2. Commercial Vehicles 14.11. Brazil Automotive Parking Sensors Market Forecast, By Technologies 14.11.1. Ultrasonic Sensors 14.11.2. Electromagnetic sensors 14.12. Mexico Automotive Parking Sensors Market Forecast, By End User 14.12.1. Passenger Vehicles 14.12.2. Commercial Vehicles 14.13. Mexico Automotive Parking Sensors Market Forecast, By Technologies 14.13.1. Ultrasonic Sensors 14.13.2. Electromagnetic sensors 14.14. Rest of South America Automotive Parking Sensors Market Forecast, By End User 14.14.1. Passenger Vehicles 14.14.2. Commercial Vehicles 14.15. Rest of South America Automotive Parking Sensors Market Forecast, By Technologies 14.15.1. Ultrasonic Sensors 14.15.2. Electromagnetic sensors 14.16. South America Automotive Parking Sensors Market Attractiveness Analysis 14.16.1. By End User 14.16.2. By Technologies 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Vehicles, and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Vehicles 15.2.3.2. M&A Key Players, Forward Integration and BackwardIntegration 15.3. Company Profiles: Key Players 15.3.1. Denso Corporation 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. Autoliv Inc. 15.3.3. Continental AG 15.3.4. Murata Manufacturing Co., Ltd. 15.3.5. NXP Semiconductors N.V. 15.3.6. Gentex Corporation 15.3.7. Aptiv PLC 15.3.8. Robert Bosch GmbH 15.3.9. TGS Group 15.3.10. Valeo 16. Primary Key Insights

Global Automotive Parking Sensors Market

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