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Parking sensors Market is $ 1511 million in 2017 and is estimated to grow at a CAGR of 24.3% during 2018-2023.

Parking sensor systems are electronic guidance and warning systems that assist safe reversing and parking with more confidence. The global Parking sensors Market is $ 1511 million in 2017 and is estimated to grow at a CAGR of 24.3% during 2018-2023. By technology ultrasonic sensors have the highest market share and is estimated to continue the dominance in the industry during the forecast period.

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Parking sensors Market is $ 1511 million in 2017 and is estimated to grow at a CAGR of 24.3% during 2018-2023.

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  1. The Global Parking Sensors Market Is $ 1511 Million In 2017 And Is Estimated To Grow At A CAGR of 24.3% During 2018-2023. Contact : sales@industryarc.com

  2. Europe is forecast to dominate the Parking Sensors market during the forecast period due to the increasing sales of high end cars which have superior quality sensors. due to highly developed countries such as Germany, UK, and France. The European parking Sensors market is expected to reach $2,786m by 2023, growing at a CAGR of 22.9%. The growing demand for automated vehicles in the region has also driven the European market. In Asia Pacific, the increasing number of automotive production facilities production facilities will propel the demand for parking sensors. Contact: sales@industryarc.com

  3. Selected Analysis Done in the Full Report: The aftermarket integration segment will have the largest share in the Parking Sensors market. The segment’s value is forecast to reach $3,870m by 2023, growing at a CAGR of 22.0%. The growth of this segment is due to increasing vehicle population which drives the automotive industry. The growth of this segment can b attributed to the strict governmental regulations concerning vehicle safety across various regions. Contact : sales@industryarc.com

  4. Selected Driving Factors Mentioned in the Full Report: • Growing demand for park assist systems among vehicles will drive the growth of the car parking sensor in the forecast period. Cost savings related to fuel efficiency spurs the demand for the car parking sensor in the forecast period. • Growth of the automotive industry will propel the demand for cars with parking assistance during the forecast period. • Increased adoption of luxury cars will lead to the growth of the parking sensors market. The concept of smart concept is important for mobility in cities and provides a dependable revenue generation model. Contact : sales@industryarc.com

  5. Key Players of the Parking Sensors Market Download Sample Report TGS P8 INRIX Nedap IEM And 15+ more Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Company Profile Analyst Briefing Data Tables Key Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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