Parking Sensors Market Expected To Trigger A Revenue Increase To USD 9,782.9 Million By 2020:Key Participant Robert Bosch GmbH, Texas Instruments Inc.

San Francisco, 27 December 2018, Parking Sensors Market Analysis By Technology (Ultrasonic, Electromagnetic) And Segment Forecasts To 2020

The global parking sensors market is expected to reach USD 9,782.9 million by 2020, according to a new study by Grand View Research, Inc. 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.

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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.

Browse More Reports Of This Category By Grand View Research At:  www.grandviewresearch.com/industry/sensors-and-controls

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 - 2020)         

·         Ultrasonic       

·         Electromagnetic         

Parking Sensors Installation Outlook (Revenue in USD Million, 2012 - 2020)                       

·         OEM  

·         Aftermarket    

Parking Sensors Regional Outlook (Revenue in USD Million, 2012 - 2020)              

·         North America          

o    North America Parking Sensors Market by Technology

o  Ultrasonic

o  Electromagnetic

o    North America Parking Sensors Market by Installation

o  OEM

o  Aftermarket

·         Europe          

o    Europe Parking Sensors Market by Technology

o  Ultrasonic

o  Electromagnetic

o    Europe Parking Sensors Market by Installation

o  OEM

o  Aftermarket

·         Asia Pacific

o    Asia Pacific Parking Sensors Market by Technology

o  Ultrasonic

o  Electromagnetic

o    Asia Pacific Parking Sensors Market by Installation

o  OEM

o  Aftermarket

·         RoW

o    RoW Parking Sensors Market by Technology

o  Ultrasonic

o  Electromagnetic

o    RoW Parking Sensors Market by Installation

o  OEM

o  Aftermarket 

Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-parking-sensors-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com/

Automotive Electronics Market Expected To Trigger A Revenue Increase To USD 279.96 Billion By 2020:Key Participant Delphi, Denso, Autoliv

San Francisco, 17 October 2018 , The global Automotive Electronics Market is expected to reach USD 279.96 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for advanced driver assistance systems and premium audio systems are some of factors expected to drive the automotive electronics market through the forecast period. Continuous growth in the number of electronics components used by automotive manufacturers has spotlighted new opportunities for suppliers. Emergency call systems, alcohol ignition interlocks and accident recorder systems are various technologies that are expected to spur market growth through the forecast period.

High level of complexity and lack of awareness about the overall understanding of the subsystems may curb market growth. Various complexities include tolerance stackup, mechatronic interaction and harsh operating environment. In order to meet the rising complexity issues, OEMs are focusing on product innovation such as reducing weight, and decreasing number of modular platforms. Additionally, increasing trend towards in-vehicle infotainment is expected to yield opportunities for the automotive electronics market.

Full Research Report On Automotive Electronics Market Analysis:
www.grandviewresearch.com/industry-analysis/automotive-electronics-industry

Further key findings from the study suggest:

·         Increased penetration towards electric vehicles (EV) and hybrid vehicles (HEV) is expected to increase automotive electronics component demand. This is attributed to reduced product cost associated with emission controls and enhanced lithium-ion battery cooling capabilities.

·         Application segments include body electronics, powertrain, ADAS, safety and infotainment. ADAS is expected to exhibit high growth over the next six years. This growth is attributable to stringent safety regulations leading to the large-scale adoption of active safety systems in modern cars.

·         Proliferation of in-car infotainment systems owing to eco-efficiency, security and comfort factors is also estimated to positively impact automotive electronics market growth. Demand for in-car data storage to support sophisticated in-car features is expected to be the key growth driver for the infotainment systems.

·         North America was the largest regional market in 2013. Asia Pacific is expected to witness high growth due to rising need for reduced production cost, customized vehicle features, meet stringent standards and increase product quality. Countries such as China and India are expected to favorably impact regional market growth.

·         Notable companies operating in the market include Continental AG, Bosch, Delphi, Denso, Autoliv, TRW Automotive and Johnson Controls. Key growth strategies employed include building technology partnerships with other participants in the ecosystem.

Browse More Reports Of This Category By Grand View Research At:  www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the global automotive electronics market on the basis of application and region:

Automotive Electronics Application Outlook (Revenue, USD Billion, 2012 – 2020)

·         ADAS

·         Body Electronics

·         Infotainment

·         Powertrain

·         Safety Systems

Automotive Electronics Regional Outlook (Revenue, USD Billion, 2012 – 2020)

·         North America

o    U.S.

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    India

o    Japan

·         RoW

o    Brazil

Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-automotive-electronics-industry

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com/