PUBLISHER: KBV Research | PRODUCT CODE: 1548790
PUBLISHER: KBV Research | PRODUCT CODE: 1548790
Europe Parking Sensor Market Size, Share & Trends Analysis Report By Technology (Ultrasonic, and Electromagnetic), By Installation (OEM, and Aftermarket), By Country and Growth Forecast, 2024 - 2031
The Europe Parking Sensor Market would witness market growth of 14.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Parking Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,771.2 Million by 2031. The UK market is exhibiting a CAGR of 13.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 15.4% during (2024 - 2031).
These sensors are used in vehicles designed for transporting children, such as school buses or daycare vans, to ensure safety during pickup and drop-off. They help prevent accidents by detecting obstacles around the vehicle. These sensors provide valuable data for fleet operators, offering real-time parking patterns and space utilization analytics. This data helps optimize fleet management and improve the efficiency of vehicle operations.
Furthermore, several factors, including technological advancements, regulatory requirements, and consumer preferences, have influenced the adoption of these sensors. Increased vehicle safety and accident prevention awareness have driven more consumers to seek advanced safety features, including these sensors. As safety becomes a higher priority, the adoption of these sensors in new and existing vehicles has grown.
The prevalence of single-vehicle crashes highlights the need for improved safety features. these sensors, which aid in preventing collisions and enhancing situational awareness, become more sought-after as a proactive safety measure in European vehicles. According to the European Road Safety Observatory, in the EU in 2020, 6,296 people were killed in a single-vehicle crash. 85% of all single-vehicle fatalities are men, compared to 78% for all road fatalities. In 2020, 33% of all serious injuries occurred in a single-vehicle crash. The high incidence of single-vehicle crashes can lead to stricter safety regulations and standards in Europe. This increased regulatory pressure encourages vehicle manufacturers to incorporate advanced safety technologies, such as parking sensors, to comply with new safety requirements. Thus, high single-vehicle crashes in the region are driving the growth of the market.
Based on Technology, the market is segmented into Ultrasonic, and Electromagnetic. Based on Installation, the market is segmented into OEM, and Aftermarket. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Robert Bosch GmbH
- Aptiv PLC
- Denso Corporation
- Valeo SA
- ZF Friedrichshafen AG
- Continental AG
- NXP Semiconductors N.V.
- Ford Motor Company
- Mercedes-Benz Group AG
- Infineon Technologies AG
Europe Parking Sensor Market Report Segmentation
By Technology
- Ultrasonic
- Electromagnetic
By Installation
- OEM
- Aftermarket
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Parking Sensor Market, by Technology
- 1.4.2 Europe Parking Sensor Market, by Installation
- 1.4.3 Europe Parking Sensor Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Recent Strategies Deployed in Parking Sensor Market
- 4.3 Porter Five Forces Analysis
Chapter 5. Europe Parking Sensor Market by Technology
- 5.1 Europe Ultrasonic Market by Country
- 5.2 Europe Electromagnetic Market by Country
Chapter 6. Europe Parking Sensor Market by Installation
- 6.1 Europe OEM Market by Country
- 6.2 Europe Aftermarket Market by Country
Chapter 7. Europe Parking Sensor Market by Country
- 7.1 Germany Parking Sensor Market
- 7.1.1 Germany Parking Sensor Market by Technology
- 7.1.2 Germany Parking Sensor Market by Installation
- 7.2 UK Parking Sensor Market
- 7.2.1 UK Parking Sensor Market by Technology
- 7.2.2 UK Parking Sensor Market by Installation
- 7.3 France Parking Sensor Market
- 7.3.1 France Parking Sensor Market by Technology
- 7.3.2 France Parking Sensor Market by Installation
- 7.4 Russia Parking Sensor Market
- 7.4.1 Russia Parking Sensor Market by Technology
- 7.4.2 Russia Parking Sensor Market by Installation
- 7.5 Spain Parking Sensor Market
- 7.5.1 Spain Parking Sensor Market by Technology
- 7.5.2 Spain Parking Sensor Market by Installation
- 7.6 Italy Parking Sensor Market
- 7.6.1 Italy Parking Sensor Market by Technology
- 7.6.2 Italy Parking Sensor Market by Installation
- 7.7 Rest of Europe Parking Sensor Market
- 7.7.1 Rest of Europe Parking Sensor Market by Technology
- 7.7.2 Rest of Europe Parking Sensor Market by Installation
Chapter 8. Company Profiles
- 8.1 Robert Bosch GmbH
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 Denso Corporation
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.6 SWOT Analysis
- 8.3 Aptiv PLC
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 SWOT Analysis
- 8.4 Valeo SA
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Partnerships, Collaborations, and Agreements:
- 8.4.6 SWOT Analysis
- 8.5 ZF Friedrichshafen AG
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 SWOT Analysis
- 8.6 Continental AG
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.6 SWOT Analysis
- 8.7 NXP Semiconductors N.V.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Partnerships, Collaborations, and Agreements:
- 8.7.5.2 Product Launches and Product Expansions:
- 8.7.6 SWOT Analysis
- 8.8 Infineon Technologies AG
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 SWOT Analysis
- 8.9 Mercedes-Benz Group AG
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expense
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Product Launches and Product Expansions:
- 8.9.6 SWOT Analysis
- 8.10. Ford Motor Company
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Engineering, research, and development expenses
- 8.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 Europe Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 2 Europe Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 3 Europe Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 4 Europe Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 5 Europe Ultrasonic Market by Country, 2020 - 2023, USD Million
- TABLE 6 Europe Ultrasonic Market by Country, 2024 - 2031, USD Million
- TABLE 7 Europe Electromagnetic Market by Country, 2020 - 2023, USD Million
- TABLE 8 Europe Electromagnetic Market by Country, 2024 - 2031, USD Million
- TABLE 9 Europe Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 10 Europe Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 11 Europe OEM Market by Country, 2020 - 2023, USD Million
- TABLE 12 Europe OEM Market by Country, 2024 - 2031, USD Million
- TABLE 13 Europe Aftermarket Market by Country, 2020 - 2023, USD Million
- TABLE 14 Europe Aftermarket Market by Country, 2024 - 2031, USD Million
- TABLE 15 Europe Parking Sensor Market by Country, 2020 - 2023, USD Million
- TABLE 16 Europe Parking Sensor Market by Country, 2024 - 2031, USD Million
- TABLE 17 Germany Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 18 Germany Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 19 Germany Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 20 Germany Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 21 Germany Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 22 Germany Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 23 UK Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 24 UK Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 25 UK Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 26 UK Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 27 UK Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 28 UK Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 29 France Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 30 France Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 31 France Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 32 France Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 33 France Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 34 France Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 35 Russia Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 36 Russia Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 37 Russia Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 38 Russia Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 39 Russia Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 40 Russia Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 41 Spain Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 42 Spain Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 43 Spain Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 44 Spain Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 45 Spain Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 46 Spain Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 47 Italy Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 48 Italy Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 49 Italy Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 50 Italy Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 51 Italy Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 52 Italy Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 53 Rest of Europe Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 54 Rest of Europe Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 55 Rest of Europe Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 56 Rest of Europe Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 57 Rest of Europe Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 58 Rest of Europe Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 59 Key Information - Robert Bosch GmbH
- TABLE 60 Key Information - Denso Corporation
- TABLE 61 Key Information - Aptiv PLC
- TABLE 62 Key Information - Valeo SA
- TABLE 63 Key Information - ZF Friedrichshafen AG
- TABLE 64 Key Information - Continental AG
- TABLE 65 Key Information - NXP Semiconductors N.V.
- TABLE 66 Key Information - Infineon Technologies AG
- TABLE 67 key information - Mercedes-Benz Group AG
- TABLE 68 key information - Ford Motor Company
