© 2016 Global Market Insights, Inc. USA. All Rights Reserved Parking Sensors Market share research by applications and regions for : Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America is expected to dominate the parking sensors market during the forecast period. The rapid growth is attributed to increased sales of mid- and high-level cars and rising population of baby boomers & resultant adoption of luxury cars by them is expected to propel parking sensors market growth in the region. The introduction of legislations compelling the OEMs to produce advanced systems is expected to propel the growth. The parking sensors market growth in the Asia Pacific region is anticipated to be driven by a consistent increase in demand for mid-sized and compact vehicles equipped with safety features, particularly in China and India. Regional Analysis of Parking Sensors Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The parking sensors market is segmented on the basis of installation and technology. On the basis of technology, these components are classified into electromagnetic and ultrasound. The ultrasonic sensors use sound waves to sense obstacles and electromagnetic type uses magnetic waves. The electromagnetic type is equipped with maintenance system and is self- diagnostic. Superior design due to transceiver adhesive strips and preservation of vehicles’ aesthetic appearance are expected to drive parking sensors market growth during the forecast period.  Parking sensors are proximity sensors required in vehicles to assist the driver for hassle-free and safe car parking. These are installed in the car’s rear bumper and help in the detection of objects, which are concealed from the view & mitigate the risk of accidents when the car is in the reverse mode. In addition to its benefits, time effectiveness, fuel efficiency, and cost savings are expected to be major factors that drive the parking sensors market during the forecast period. Application Analysis of Parking Sensors Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Some of the key parking sensors market players include Abbott Analog Devices, Inc., Volkswagen, Denso Corporation, Honda, Hyundai, Continental AG, Robert Bosch GmbH, Ford Motor Company, Audi, Mercedes Benz, NXP Semiconductors N.V., Texas Instruments, Inc., Freescale Semiconductor, Ltd., and BMW. Competitive Market Share of Parking Sensors Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Browse Full Market Research Report On Parking Sensors Request for an in-depth table of contents for this Gaming Console Market

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Stay In Touch Website: Social Media: