Technavio Announces the Publication of its
Research Report Global Automotive Parking Sensors Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive parking sensors market: Bosch, DENSO, Murata Manufacturing, NXP Semiconductors, Texas Instruments, and Valeo.
Other prominent vendors in the market are: Black Cat Security, Nippon Audiotronix, Parking Dynamics, and Proxel.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is adoption of LiDAR in parking assist system. The exploration of LiDAR technology has revealed several proven beneficial results of LiDAR's capabilities compared with other sensors that are available in the market. In addition, the continuous need for better sensors in the automotive industry has led to the advent and growth of automotive LiDAR sensors. LiDAR has better capabilities with respect to the detection of objects and even during the complete absence of light. The table below shows the application of sensors for different ADAS systems.”
According to the report, one of the primary drivers in the market is legislation standards for backup camera to push adoption of parking sensors. Advanced safety systems, such as LDWS, NVS, ACC, BSD, driver monitoring systems, help minimize the impact of collisions, fatalities, and improve overall vehicle safety. Hence, with governments in Europe, the Americas, and APAC implementing stringent safety regulations, the development and adoption of these systems is expected to increase over the forecast period.
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Further, the report states that one major
challenge in the market is overdependence on safety systems is impacting
driving skills. The introduction of the parking sensors system in automobiles
has increased the complexity of vehicle consoles and the likelihood of failure
of a system component, spontaneous error by the driver, and errors in the
system design. Driver assistance systems combined with cameras and sensors are
being implemented to replace manual control with automatic devices. However,
these systems still require human involvement for adjustments and supervision.
The implementation of advanced and complicated in-vehicle control systems makes
it more important and difficult for human operators to control the system. The
acceptance of these systems varies with each driver. Though the total
elimination of the driver from the loop has not been accepted by many
(potential) end-users, these systems are becoming a part of consumers' social
status. As a result, poorly fitted/designed sensors and display units inside
vehicles adversely affect consumers' inclination toward these systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get discount: https://marketreportscenter.com/request-discount/455989
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.
Technavio’s analysts forecast the global automotive parking sensors market to grow at a CAGR of 23.90% during the period 2016-2020.
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:
• Americas
• APAC
• EMEA
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
• Bosch
• DENSO
• Murata Manufacturing
• NXP Semiconductors
• Texas Instruments
• Valeo
Other prominent vendors
• Black Cat Security
• Nippon Audiotronix
• Parking Dynamics
• Proxel
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?
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.
Technavio’s analysts forecast the global automotive parking sensors market to grow at a CAGR of 23.90% during the period 2016-2020.
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:
• Americas
• APAC
• EMEA
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
• Bosch
• DENSO
• Murata Manufacturing
• NXP Semiconductors
• Texas Instruments
• Valeo
Other prominent vendors
• Black Cat Security
• Nippon Audiotronix
• Parking Dynamics
• Proxel
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?
Table
of content: https://marketreportscenter.com/reports/455989/global-automotive-parking-sensors-market-2016-2020#toc
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