Parking sensors Market Size, Share Growth, Analysis and Forecast To 2020: Hexa Research

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Parking sensors Market Research Report - Industry Analysis,
Size, Share, Demand and Forecast to 2020: Hexa Research
Parking sensors are used in automobiles which assist the drivers to park the vehicle safely. The
developments in the automobile industry is not only restricted to the improvements in the engine
and car design, but they are extended to passenger and pedestrians safety. These factors led to
the introduction of the driver assistance systems which alerts the drivers from obstacles.
Increasing difficulty to park a vehicle without damaging in lesser parking spaces is expected to
drive to market demand over the forecast period. Changing car dimensions is expected to drive
the market over next six years. Additionally, parking sensors can boost safety and prevents
accidents with pedestrians. The sensors can detect various obstacles such as walls, children,
pillars and fences, which is expected to provide positive avenues to market demand over the
next six years.
As stated by the department of transportation, most of the car accidents occur while reversing.
These accidents can be decreased by installing sensors in the rear bumper bar of the car.
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Sensors are coupled with siren/sound which makes alarm when a vehicle approaches an
obstacle. Additionally, LCD is installed in vehicle to determine the distance of the vehicle to the
object where driver can be automatically warned and prevent accident. Two to four sensors are
used along with control interface and internal siren. Six to eight sensors are used for better
coverage and maybe wireless or wired in future.
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Technology Insight
Technologies include electromagnetic and ultrasonic. Ultrasonic technology is used to measure the
distance between the vehicles to the object by using sound waves. They also measure the distance
between the moving and stationary objects. Two to four sensors are fitted to the bumper of the
vehicle and painted with the same color of the bumper where the sensors can receive and send
ultrasonic signals, and detect any obstacle that enters the signals. Furthermore, the signal is
converted as alarm to alert the driver and avoids a potential accident. These sensors detect
obstacles of a limited range. Additionally, installing ultrasonic sensors in vehicle bumper is very
difficult.
Electromagnetic sensors are used to detect the obstacles at a greater range. They are installed by
placing a transceiver adhesive strip along the inner side of the bumper. They eliminate making holes
for installing sensor which preserves the appearance of the vehicle. When the vehicle is in reverse
gear, magnetic field is generated by the control unit and is transferred to the adhesive strip which
helps in detecting the obstacles. The control unit detects obstacles such as person, wall, vehicle and
etc and sends series of audible tones to alert the driver and preventing a potential accident. These
sensors detect objects only when the vehicle is in motion and provides real time feedback. These
sensors have the option to switch on and off whenever required.
Installation Insight
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Parking sensors can be installed by the manufacturer or through service centers. Installation
through aftermarket services is cost effective when compared to original equipment
manufacturer. Genuine sensors are installed by original equipment manufacturers which give
efficient output and the sensors installed by aftermarket services may not be genuine which
does not effective results.
Regional Insights
North America and Europe is expected to grow at a significant rate. Asia-Pacific is expected to
grow considerably over the forecast period. Increasing awareness of application of parking
sensors, growth in automobile industry and favorable government rules & regulations are
expected to drive the parking sensors market in India over the forecast period.
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Competitive Insights
The key players in the parking sensors market are Baumer, Branson Ultrasonic Corp,
Accusonics Inc., Cambridge Ultrasonics, Crest Ultrasonics Corp., Honeywell Process Solutions,
Hielscher Ultrasonics Gmbh, Siemens Ag, Philips Medical Systems, Hielscher USA Inc. and
Weber Ultrasonics Gmbh. For example BMW provides the park distance control and alerts the
driver when the vehicle is 30cms away from an obstacle.
Table of Contents
Chapter 1 Executive Summary
1.1 Parking Sensors – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Parking Sensors Industry Outlook
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2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Parking Sensors Value Chain Analysis
2.4 Parking Sensors Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Parking Sensors - Company Market Share Analysis
2.8 Parking Sensors - PESTEL Analysis
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Parking sensors are used in automobiles which assist the drivers to park the vehicle safely. The developments in the automobile industry is not only restricted to the improvements in the engine and car design, but they are extended to passenger and pedestrians safety.