Parking sensors, which can also be defined as proximity sensors are installed in vehicles for assisting the driver for convenient and safe car parking. Parking sensors helps the driver to ease their parking job by utilize the sound or display to identify collision with the nearby vehicle. These sensors can identify several obstacles other than nearby vehicle such as pedestrians, walls, pillars and fences.
MARKET DYNAMICS
The increasing government initiatives regarding installation of safety systems including parking sensors in several economies worldwide is the major factor bolstering the growth of the parking sensors market. Also, the rapid growth of automotive industry coupled with increasing awareness among people for vehicle safety devices owing to increasing road fatalities and accidents is propelling the parking sensors market growth. However, limited detection range of parking sensors is the key factor restricting the market growth. Advancements in artificial intelligence technology for making system operator independent is expected to provide prosperous opportunity to the parking sensors market growth.
MARKET SCOPE
The "Global Parking Sensors Market Analysis to 2028" is a specialized and in-depth study of the parking sensors industry with a special focus on the global market trend analysis. The report aims to provide an overview of parking sensors market with detailed market segmentation by type, technology, installation, vehicle type, and geography. The global parking sensors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading parking sensors market players and offers key trends and opportunities in the market.
