Global Automotive Parking Sensors Market to Demonstrate Swift Growth, Predicts Infiniti Research in New Report Published at MarketPublishers.com21 Nov 2016 • by Natalie Aster
LONDON – Parking sensors enjoy the demand increase due to a number of factors. Untoward incidents occurring during parking maneuvers are one of these factors. Legislation standards and the increasing usage of automatic parking systems are among other factors favoring the growth. Growing safety awareness represents another driver of the marketplace.
The world’s market is set to grow significantly in the offing. Thus, its CAGR is forecast to be around 24% over the period 2016-2020. Adoption of LiDAR in the parking assist system is some of noteworthy trends in this marketplace.
The worldwide market also has a range of challenges like a high replacement cost relative to such systems. Functional issues associated with parking assists system is one more challenge.
There are quite many vendors in the market space, and DENSO, Valeo and Murata Manufacturing are some of the top ones.
New research report “Global Automotive Parking Sensors Market 2016-2020” drawn up Infiniti Research offers a comprehensive analysis of the world’s market for automotive parking systems. The study starts with a historical brief. It proceeds with the coverage of the automotive sensors’ usage in vehicles.
The report focuses on the regulatory framework. The research study throws light on dynamics of the worldwide marketplace. It contains a value chain analysis, as well.
The research report sheds light on types of the sensors. The study explores the marketplace on the basis of end-users and sensor types. It scrutinizes regional markets’ performance.
The report delves deep into factors that drive this lucrative marketplace and challenge it. The research study comprises detailed insights into market trends. It limelights the vendor landscape, besides profiling leading ones. Future projections are on hand in the research report, too.
Reasons to Buy:
- keep abreast of factors driving the global marketplace and the ones that challenge it;
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- find out which prospects this marketplace has.
More new reports by our partner can be found at its page.