The Automotive Parking Sensors Market Size was valued at USD 12.02 billion in 2023 and is expected to reach USD 38.07 billion by 2031 and grow at a CAGR of 15.5% over the forecast period 2024-2031.
Advancement in automotive technology has led to the development of parking sensors, a valuable addition to the Advanced Driver Assistance System (ADAS). These sensors, placed on vehicles, warn drivers of obstacles while parking and optimize parking space usage, potentially easing parking woes in crowded cities. Parking sensors are considered a major success in automotive technology. Some vehicles even have dashboard screens connected to cameras, providing drivers with a clear view of blind spots, thus enhancing pedestrian safety, especially for children who might be invisible to the driver. Growing safety concerns are prompting regulatory bodies to mandate the pre-installation of parking sensors.
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KEY DRIVERS:
Parking Sensors Market Driven by Widespread Use in Vehicles to Enhance Safety and Parking Efficiency
The developing popularity of parking sensors over different vehicle sorts, including passenger cars, light commercial vehicles, and indeed heavy-duty trucks, is a key figure fueling the market's development. These sensors play a vital part in improving road safety by alerting drivers to nearby obstacles during parking. They help drivers in finding vacant parking spaces more effectively, a major advantage in crowded urban environments.
Innovations in sensor technology, like ultrasonic, radar, and camera-based systems, are offering more accurate and feature-rich parking assistance.
RESTRAINTS:
The cost of parking sensors can be a deterrent for budget-minded consumers, especially in price-sensitive regions.
Parking sensors may not detect all obstacles, especially in poor weather conditions or at blind spots beyond their range.
OPPORTUNITIES:
Mandatory Safety Features & AI Integration Drive Growth in Parking Sensor Market
The parking sensor market has seen significant growth due to the automotive industry, as it is constantly evolving, and governments around the world are implementing stricter safety regulations for vehicles. These regulations often require features that help drivers identify vacant parking spaces and avoid accidents. The growing adoption of artificial intelligence and Advanced Driver Assistance Systems creates opportunities for even more sophisticated parking sensors.
CHALLENGES:
Located on bumpers, sensors are prone to damage during parking or low-speed collisions.
Adding sensors to older vehicles can be expensive and technically challenging.
The Russia-Ukraine war has impacted the automotive parking sensor market, disrupting its growth in many ways. The war has increased the ongoing global chip shortage, a crucial component in parking sensors. This shortage is likely to delay production and inflate sensor prices by an estimated 5-10% due to supply chain disruptions. The sanctions imposed on Russia, a significant producer of raw materials like palladium (used in sensor circuitry), could further restrict production and potentially drive material costs up by 3-7%. These combined factors are expected to lead to a temporary slowdown in market growth, with a potential decline in production volume by 2-4% in the short term. Thus, the long-term impact remains uncertain and will depend on the war's duration and the resilience of the global supply chain.
An economic slowdown can pose a significant threat to the automotive parking sensor market, potentially leading to a decline in sales by around 15-20% in the short term. The consumers facing economic hardship tend to delay unnecessary purchases, including new cars which are the primary recipients of pre-installed parking sensors. The slowdown can lead to production slowdowns or stoppages at car manufacturers, directly impacting the demand for sensor components. Additionally, reduced consumer spending power weakens the aftermarket sector, where individuals might opt to forgo adding parking sensors to existing vehicles due to budget constraints. These factors combined can cause bad effect throughout the market, potentially leading to lower revenue for sensor manufacturers and a temporary stall in market growth.
By Type:
Reverse Parking Sensors
Front Parking Sensors
Others
Reverse Parking Sensors is the dominating sub-segment in the automotive parking sensors market by type holding around 70-80% of market share. Reverse parking is generally considered more challenging than forward parking, as drivers have limited visibility behind their vehicles. Reverse parking sensors provide a crucial safety net, preventing collisions with obstacles while backing into parking spaces.
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By Technology:
Ultrasonic Sensors
Electromagnetic Sensors
Infrared Sensors
Laser
Others
The Ultrasonic Sensors is the dominating sub-segment in the automotive parking sensors market by technology holding around 60-70% of market share. Ultrasonic sensors are the most broadly utilized technology due to its affordability, reliability, and effectiveness in most parking scenarios. They transmit high-frequency sound waves to detect the objects and provide audible or visual warnings to the driver.
By Sales Channel:
OEM
Aftermarket
OEM (Original Equipment Manufacturer is the dominating sub-segment in the automotive parking sensors market by sales channel holding around 65-70% of market share. New cars are increasingly equipped with pre-installed parking sensors as standard features or options. This trend is driven by growing consumer demand for safety features and stricter government regulations in some regions.
By Vehicle Type:
Passenger cars
LCV
HCV
Passenger Cars is the dominating sub-segment in the automotive parking sensors market by vehicle type holding around 75-80% of market share. Passenger cars constitute the largest segment of the overall vehicle market. Additionally, parking challenges are more prevalent in urban areas where passenger cars are the primary mode of transportation. This high demand for parking solutions in conjunction with the larger vehicle base, fuels the dominance of parking sensors in passenger cars.
REGIONAL ANALYSES
The Asia Pacific is the dominating region in the automotive parking sensor market holding 55-60% of share. This dominance stems from a thriving auto industry with countries like China, Japan, and South Korea leading production. The rapid urbanization creates a constant struggle for parking spaces, making parking sensors an invaluable tool for drivers.
Europe is the second-largest region in this market with 25-30% of share due to its established car manufacturers and a safety-conscious consumer base receptive to technological advancements. Stringent EU regulations regarding pedestrian safety often mandate parking sensors in new vehicles, solidifying Europe's market presence.
North America is experiencing the fastest growth with 15-20% of share. This surge is fueled by increasing urbanization, rising car ownership, and a growing preference for larger vehicles like SUVs and trucks, all of which benefit from the enhanced safety and convenience offered by parking sensors.
REGIONAL COVERAGE:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
The major key players are Continental AG (Germany), Robert Bosch GmbH (Germany), NXP Semiconductors N.V. (the Netherlands), Valeo (France), Aptiv PLC (Greece), Denso Corporation (Japan), Autoliv Inc. (Sweden), Gentex Corporation (U.S.), TGS Group (UK), Murata Manufacturing Co., Ltd. (Japan) and other key players.
Valeo (France)-Company Financial Analysis
In Feb. 2023: BMW and Valeo are teaming up to develop next-generation Level 4 automated parking technology for BMW's upcoming Neue Klasse vehicles. This collaboration involves creating advanced sensors, software, and an ADAS domain controller.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 12.02 Billion |
| Market Size by 2031 | US$ 38.07 Billion |
| CAGR | CAGR of 15.5 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Reverse Parking Sensors, Front Parking Sensors, Others) • By Technology (Ultrasonic Sensors, Electromagnetic Sensors, Infrared Sensors, Laser, Others) • By Sales Channel (OEM, Aftermarket) • By Vehicle Type (Passenger cars, LCV, HCV) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Continental AG (Germany), Robert Bosch GmbH (Germany), NXP Semiconductors N.V. (the Netherlands), Valeo (France), Aptiv PLC (Greece), Denso Corporation (Japan), Autoliv Inc. (Sweden), Gentex Corporation (U.S.), TGS Group (UK), Murata Manufacturing Co., Ltd. (Japan) |
| Key Drivers | • Parking Sensors Market Driven by Widespread Use in Vehicles to Enhance Safety and Parking Efficiency • Innovations in sensor technology, like ultrasonic, radar, and camera-based systems, are offering more accurate and feature-rich parking assistance. |
| Restraints | • The cost of parking sensors can be a deterrent for budget-minded consumers, especially in price-sensitive regions. • Parking sensors may not detect all obstacles, especially in poor weather conditions or at blind spots beyond their range. |
Ans: The expected CAGR of the global Automotive Parking Sensors Market during the forecast period is 15.5%.
Ans: The Automotive Parking Sensors Market was valued at USD 12.02 billion in 2023.
Ans: Cost, limited obstacle detection in bad weather, and difficulty adding them to older vehicles are some challenges.
Ans: Integration with AI and ADAS for advanced systems and stricter safety regulations promoting pre-installation are creating opportunities.
Ans: Asia Pacific is the dominating region in the market
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Automotive Parking Sensors Market Segmentation, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 Reverse Parking Sensors
9.4 Front Parking Sensors
9.5 Others
10. Automotive Parking Sensors Market Segmentation, By Technology
10.1 Introduction
10.2 Trend Analysis
10.3 Ultrasonic Sensors
10.4 Electromagnetic Sensors
10.5 Infrared Sensors
10.6 Laser
10.7 Others
11. Automotive Parking Sensors Market Segmentation, By Sales Channel
11.1 Introduction
11.2 Trend Analysis
11.3 OEM
11.4 Aftermarket
12. Automotive Parking Sensors Market Segmentation, By Vehicle Type
12.1 Introduction
12.2 Trend Analysis
12.3 Passenger cars
12.4 LCV
12.5 HCV
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Automotive Parking Sensors Market Segmentation, By Country
13.2.3 North America Automotive Parking Sensors Market Segmentation, By Type
13.2.4 North America Automotive Parking Sensors Market Segmentation, By Technology
13.2.5 North America Automotive Parking Sensors Market Segmentation, By Sales Channel
13.2.6 North America Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.2.7 USA
13.2.7.1 USA Automotive Parking Sensors Market Segmentation, By Type
13.2.7.2 USA Automotive Parking Sensors Market Segmentation, By Technology
13.2.7.3 USA Automotive Parking Sensors Market Segmentation, By Sales Channel
13.2.7.4 USA Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.2.8 Canada
13.2.8.1 Canada Automotive Parking Sensors Market Segmentation, By Type
13.2.8.2 Canada Automotive Parking Sensors Market Segmentation, By Technology
13.2.8.3 Canada Automotive Parking Sensors Market Segmentation, By Sales Channel
13.2.8.4 Canada Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.2.9 Mexico
13.2.9.1 Mexico Automotive Parking Sensors Market Segmentation, By Type
13.2.9.2 Mexico Automotive Parking Sensors Market Segmentation, By Technology
13.2.9.3 Mexico Automotive Parking Sensors Market Segmentation, By Sales Channel
13.2.9.4 Mexico Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Automotive Parking Sensors Market Segmentation, by Country
13.3.2.2 Eastern Europe Automotive Parking Sensors Market Segmentation, By Type
13.3.2.3 Eastern Europe Automotive Parking Sensors Market Segmentation, By Technology
13.3.2.4 Eastern Europe Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.2.5 Eastern Europe Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.2.6 Poland
13.3.2.6.1 Poland Automotive Parking Sensors Market Segmentation, By Type
13.3.2.6.2 Poland Automotive Parking Sensors Market Segmentation, By Technology
13.3.2.6.3 Poland Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.2.6.4 Poland Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.2.7 Romania
13.3.2.7.1 Romania Automotive Parking Sensors Market Segmentation, By Type
13.3.2.7.2 Romania Automotive Parking Sensors Market Segmentation, By Technology
13.3.2.7.3 Romania Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.2.7.4 Romania Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.2.8 Hungary
13.3.2.8.1 Hungary Automotive Parking Sensors Market Segmentation, By Type
13.3.2.8.2 Hungary Automotive Parking Sensors Market Segmentation, By Technology
13.3.2.8.3 Hungary Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.2.8.4 Hungary Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.2.9 Turkey
13.3.2.9.1 Turkey Automotive Parking Sensors Market Segmentation, By Type
13.3.2.9.2 Turkey Automotive Parking Sensors Market Segmentation, By Technology
13.3.2.9.3 Turkey Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.2.9.4 Turkey Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.2.10 Rest of Eastern Europe
13.3.2.10.1 Rest of Eastern Europe Automotive Parking Sensors Market Segmentation, By Type
13.3.2.10.2 Rest of Eastern Europe Automotive Parking Sensors Market Segmentation, By Technology
13.3.2.10.3 Rest of Eastern Europe Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.2.10.4 Rest of Eastern Europe Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.3 Western Europe
13.3.3.1 Western Europe Automotive Parking Sensors Market Segmentation, by Country
13.3.3.2 Western Europe Automotive Parking Sensors Market Segmentation, By Type
13.3.3.3 Western Europe Automotive Parking Sensors Market Segmentation, By Technology
13.3.3.4 Western Europe Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.3.5 Western Europe Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.3.6 Germany
13.3.3.6.1 Germany Automotive Parking Sensors Market Segmentation, By Type
13.3.3.6.2 Germany Automotive Parking Sensors Market Segmentation, By Technology
13.3.3.6.3 Germany Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.3.6.4 Germany Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.3.7 France
13.3.3.7.1 France Automotive Parking Sensors Market Segmentation, By Type
13.3.3.7.2 France Automotive Parking Sensors Market Segmentation, By Technology
13.3.3.7.3 France Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.3.7.4 France Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.3.8 UK
13.3.3.8.1 UK Automotive Parking Sensors Market Segmentation, By Type
13.3.3.8.2 UK Automotive Parking Sensors Market Segmentation, By Technology
13.3.3.8.3 UK Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.3.8.4 UK Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.3.9 Italy
13.3.3.9.1 Italy Automotive Parking Sensors Market Segmentation, By Type
13.3.3.9.2 Italy Automotive Parking Sensors Market Segmentation, By Technology
13.3.3.9.3 Italy Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.3.9.4 Italy Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.3.10 Spain
13.3.3.10.1 Spain Automotive Parking Sensors Market Segmentation, By Type
13.3.3.10.2 Spain Automotive Parking Sensors Market Segmentation, By Technology
13.3.3.10.3 Spain Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.3.10.4 Spain Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.3.11 Netherlands
13.3.3.11.1 Netherlands Automotive Parking Sensors Market Segmentation, By Type
13.3.3.11.2 Netherlands Automotive Parking Sensors Market Segmentation, By Technology
13.3.3.11.3 Netherlands Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.3.11.4 Netherlands Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.3.12 Switzerland
13.3.3.12.1 Switzerland Automotive Parking Sensors Market Segmentation, By Type
13.3.3.12.2 Switzerland Automotive Parking Sensors Market Segmentation, By Technology
13.3.3.12.3 Switzerland Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.3.12.4 Switzerland Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.3.13 Austria
13.3.3.13.1 Austria Automotive Parking Sensors Market Segmentation, By Type
13.3.3.13.2 Austria Automotive Parking Sensors Market Segmentation, By Technology
13.3.3.13.3 Austria Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.3.13.4 Austria Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.3.3.14 Rest of Western Europe
13.3.3.14.1 Rest of Western Europe Automotive Parking Sensors Market Segmentation, By Type
13.3.3.14.2 Rest of Western Europe Automotive Parking Sensors Market Segmentation, By Technology
13.3.3.14.3 Rest of Western Europe Automotive Parking Sensors Market Segmentation, By Sales Channel
13.3.3.14.4 Rest of Western Europe Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Automotive Parking Sensors Market Segmentation, by Country
13.4.3 Asia-Pacific Automotive Parking Sensors Market Segmentation, By Type
13.4.4 Asia-Pacific Automotive Parking Sensors Market Segmentation, By Technology
13.4.5 Asia-Pacific Automotive Parking Sensors Market Segmentation, By Sales Channel
13.4.6 Asia-Pacific Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.4.7 China
13.4.7.1 China Automotive Parking Sensors Market Segmentation, By Type
13.4.7.2 China Automotive Parking Sensors Market Segmentation, By Technology
13.4.7.3 China Automotive Parking Sensors Market Segmentation, By Sales Channel
13.4.7.4 China Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.4.8 India
13.4.8.1 India Automotive Parking Sensors Market Segmentation, By Type
13.4.8.2 India Automotive Parking Sensors Market Segmentation, By Technology
13.4.8.3 India Automotive Parking Sensors Market Segmentation, By Sales Channel
13.4.8.4 India Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.4.9 Japan
13.4.9.1 Japan Automotive Parking Sensors Market Segmentation, By Type
13.4.9.2 Japan Automotive Parking Sensors Market Segmentation, By Technology
13.4.9.3 Japan Automotive Parking Sensors Market Segmentation, By Sales Channel
13.4.9.4 Japan Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.4.10 South Korea
13.4.10.1 South Korea Automotive Parking Sensors Market Segmentation, By Type
13.4.10.2 South Korea Automotive Parking Sensors Market Segmentation, By Technology
13.4.10.3 South Korea Automotive Parking Sensors Market Segmentation, By Sales Channel
13.4.10.4 South Korea Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.4.11 Vietnam
13.4.11.1 Vietnam Automotive Parking Sensors Market Segmentation, By Type
13.4.11.2 Vietnam Automotive Parking Sensors Market Segmentation, By Technology
13.4.11.3 Vietnam Automotive Parking Sensors Market Segmentation, By Sales Channel
13.4.11.4 Vietnam Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.4.12 Singapore
13.4.12.1 Singapore Automotive Parking Sensors Market Segmentation, By Type
13.4.12.2 Singapore Automotive Parking Sensors Market Segmentation, By Technology
13.4.12.3 Singapore Automotive Parking Sensors Market Segmentation, By Sales Channel
13.4.12.4 Singapore Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.4.13 Australia
13.4.13.1 Australia Automotive Parking Sensors Market Segmentation, By Type
13.4.13.2 Australia Automotive Parking Sensors Market Segmentation, By Technology
13.4.13.3 Australia Automotive Parking Sensors Market Segmentation, By Sales Channel
13.4.13.4 Australia Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.4.14 Rest of Asia-Pacific
13.4.14.1 Rest of Asia-Pacific Automotive Parking Sensors Market Segmentation, By Type
13.4.14.2 Rest of Asia-Pacific Automotive Parking Sensors Market Segmentation, By Technology
13.4.14.3 Rest of Asia-Pacific Automotive Parking Sensors Market Segmentation, By Sales Channel
13.4.14.4 Rest of Asia-Pacific Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Automotive Parking Sensors Market Segmentation, by Country
13.5.2.2 Middle East Automotive Parking Sensors Market Segmentation, By Type
13.5.2.3 Middle East Automotive Parking Sensors Market Segmentation, By Technology
13.5.2.4 Middle East Automotive Parking Sensors Market Segmentation, By Sales Channel
13.5.2.5 Middle East Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.5.2.6 UAE
13.5.2.6.1 UAE Automotive Parking Sensors Market Segmentation, By Type
13.5.2.6.2 UAE Automotive Parking Sensors Market Segmentation, By Technology
13.5.2.6.3 UAE Automotive Parking Sensors Market Segmentation, By Sales Channel
13.5.2.6.4 UAE Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.5.2.7 Egypt
13.5.2.7.1 Egypt Automotive Parking Sensors Market Segmentation, By Type
13.5.2.7.2 Egypt Automotive Parking Sensors Market Segmentation, By Technology
13.5.2.7.3 Egypt Automotive Parking Sensors Market Segmentation, By Sales Channel
13.5.2.7.4 Egypt Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.5.2.8 Saudi Arabia
13.5.2.8.1 Saudi Arabia Automotive Parking Sensors Market Segmentation, By Type
13.5.2.8.2 Saudi Arabia Automotive Parking Sensors Market Segmentation, By Technology
13.5.2.8.3 Saudi Arabia Automotive Parking Sensors Market Segmentation, By Sales Channel
13.5.2.8.4 Saudi Arabia Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.5.2.9 Qatar
13.5.2.9.1 Qatar Automotive Parking Sensors Market Segmentation, By Type
13.5.2.9.2 Qatar Automotive Parking Sensors Market Segmentation, By Technology
13.5.2.9.3 Qatar Automotive Parking Sensors Market Segmentation, By Sales Channel
13.5.2.9.4 Qatar Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.5.2.10 Rest of Middle East
13.5.2.10.1 Rest of Middle East Automotive Parking Sensors Market Segmentation, By Type
13.5.2.10.2 Rest of Middle East Automotive Parking Sensors Market Segmentation, By Technology
13.5.2.10.3 Rest of Middle East Automotive Parking Sensors Market Segmentation, By Sales Channel
13.5.2.10.4 Rest of Middle East Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.5.3 Africa
13.5.3.1 Africa Automotive Parking Sensors Market Segmentation, by Country
13.5.3.2 Africa Automotive Parking Sensors Market Segmentation, By Type
13.5.3.3 Africa Automotive Parking Sensors Market Segmentation, By Technology
13.5.3.4 Africa Automotive Parking Sensors Market Segmentation, By Sales Channel
13.5.3.5 Africa Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.5.3.6 Nigeria
13.5.3.6.1 Nigeria Automotive Parking Sensors Market Segmentation, By Type
13.5.3.6.2 Nigeria Automotive Parking Sensors Market Segmentation, By Technology
13.5.3.6.3 Nigeria Automotive Parking Sensors Market Segmentation, By Sales Channel
13.5.3.6.4 Nigeria Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.5.3.7 South Africa
13.5.3.7.1 South Africa Automotive Parking Sensors Market Segmentation, By Type
13.5.3.7.2 South Africa Automotive Parking Sensors Market Segmentation, By Technology
13.5.3.7.3 South Africa Automotive Parking Sensors Market Segmentation, By Sales Channel
13.5.3.7.4 South Africa Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.5.3.8 Rest of Africa
13.5.3.8.1 Rest of Africa Automotive Parking Sensors Market Segmentation, By Type
13.5.3.8.2 Rest of Africa Automotive Parking Sensors Market Segmentation, By Technology
13.5.3.8.3 Rest of Africa Automotive Parking Sensors Market Segmentation, By Sales Channel
13.5.3.8.4 Rest of Africa Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Automotive Parking Sensors Market Segmentation, by country
13.6.3 Latin America Automotive Parking Sensors Market Segmentation, By Type
13.6.4 Latin America Automotive Parking Sensors Market Segmentation, By Technology
13.6.5 Latin America Automotive Parking Sensors Market Segmentation, By Sales Channel
13.6.6 Latin America Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.6.7 Brazil
13.6.7.1 Brazil Automotive Parking Sensors Market Segmentation, By Type
13.6.7.2 Brazil Automotive Parking Sensors Market Segmentation, By Technology
13.6.7.3 Brazil Automotive Parking Sensors Market Segmentation, By Sales Channel
13.6.7.4 Brazil Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.6.8 Argentina
13.6.8.1 Argentina Automotive Parking Sensors Market Segmentation, By Type
13.6.8.2 Argentina Automotive Parking Sensors Market Segmentation, By Technology
13.6.8.3 Argentina Automotive Parking Sensors Market Segmentation, By Sales Channel
13.6.8.4 Argentina Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.6.9 Colombia
13.6.9.1 Colombia Automotive Parking Sensors Market Segmentation, By Type
13.6.9.2 Colombia Automotive Parking Sensors Market Segmentation, By Technology
13.6.9.3 Colombia Automotive Parking Sensors Market Segmentation, By Sales Channel
13.6.9.4 Colombia Automotive Parking Sensors Market Segmentation, By Vehicle Type
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Automotive Parking Sensors Market Segmentation, By Type
13.6.10.2 Rest of Latin America Automotive Parking Sensors Market Segmentation, By Technology
13.6.10.3 Rest of Latin America Automotive Parking Sensors Market Segmentation, By Sales Channel
13.6.10.4 Rest of Latin America Automotive Parking Sensors Market Segmentation, By Vehicle Type
14. Company Profiles
14.1 Continental AG (Germany)
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Robert Bosch GmbH (Germany)
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 NXP Semiconductors N.V. (the Netherlands)
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Valeo (France)
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Aptiv PLC (Greece)
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Denso Corporation (Japan)
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Autoliv Inc. (Sweden)
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Gentex Corporation (U.S.)
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 TGS Group (UK)
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Murata Manufacturing Co., Ltd. (Japan)
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automotive Brake Fluid Market Size was valued at USD 856.95 million in 2023 and is expected to reach USD 1182.44 million by 2031 and grow at a CAGR of 3.90% over the forecast period 2024-2031.
The Leisure Boat Market size was recorded at USD 44.3 Bn in 2023 and is expected to reach USD 65.95 Bn by 2031 and grow at a CAGR of 5.1% over the forecast period of 2024-2031.
The Electric Motorcycles Market size is expected to reach USD 144.69 Bn by 2031 and was valued at 35.5 Bn in 2023 and grow at a CAGR of 19.2% over the forecast period 2024-2031.
The Automotive Grille Market Size was $10.32 billion in 2023 and is expected to reach USD 15.25 billion by 2031 and grow at a CAGR of 5% by 2024-2031.
The Automotive Turbocharger Market size was valued at USD 14.21 billion in 2023 & will reach USD 24.41 billion by 2031 and grow at a CAGR of 7% by 2024-2031
The Automotive Electronic Expansion Valve Market size was $0.79 billion in 2023 and will reach $1.18 billion by 2031 and grow at a CAGR of 5.14% by 2031.
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