PUBLISHER: KBV Research | PRODUCT CODE: 1548791
PUBLISHER: KBV Research | PRODUCT CODE: 1548791
Asia Pacific 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 Asia Pacific Parking Sensor Market would witness market growth of 15.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Parking Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,735.9 Million by 2031. The Japan market is registering a CAGR of 15% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 16.4% during (2024 - 2031).
Many automotive manufacturers now include these sensors as standard features in new vehicle models, particularly in mid-range and premium segments. This shift reflects a growing recognition of these sensors as essential safety equipment rather than optional add-ons. In some regions, government regulations and safety standards mandate the inclusion of certain vehicle safety features, such as parking sensors. Additionally, incentives and subsidies for safety technology can boost the adoption of these sensors.
In addition, the increasing preference for technologically advanced vehicles has led to higher adoption rates of these sensors. As consumers demand more tech features, these sensors are becoming popular due to their contribution to a high-tech driving experience. The growing availability of cost-effective aftermarket these sensors has facilitated adoption among vehicle owners who want to upgrade their existing vehicles. This affordability has expanded the market beyond new vehicle buyers.
The rise in automotive industry activities in India often leads to establishing or expanding manufacturing facilities. This encompasses the local manufacturing of these sensors, which can lower costs and enhance supply chain efficiency within the domestic market. As per the Investment Promotion and Facilitation Agency, the nation's automotive industry is worth more than $222 Bn and contributes 35% to Manufacturing GDP. The automobile industry produced 22.93 Mn vehicles. India holds a strong position in the international heavy vehicles arena as it is the largest tractor manufacturer, second-largest bus manufacturer, and third-largest heavy truck manufacturer in the world. The vehicle production and sales growth in India directly drive the demand for these sensors. The rapid expansion of the vehicle fleet in China leads to a higher demand for parking solutions. As more vehicles are on the road, these sensors become crucial for managing the increased volume of vehicles and alleviating parking challenges. As per the State Council of the People's Republic of China, China's motor vehicle fleet in 2023 had swelled by 116 million units to 440 million, an increase of 36 percent, while the total number of drivers had grown by 112 million, or 27 percent, to 530 million. In conclusion, the rising automotive industry and increasing vehicle fleets in the region drive the market's growth.
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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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
Asia Pacific Parking Sensor Market Report Segmentation
By Technology
- Ultrasonic
- Electromagnetic
By Installation
- OEM
- Aftermarket
By Country
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Parking Sensor Market, by Technology
- 1.4.2 Asia Pacific Parking Sensor Market, by Installation
- 1.4.3 Asia Pacific 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. Asia Pacific Parking Sensor Market by Technology
- 5.1 Asia Pacific Ultrasonic Market by Country
- 5.2 Asia Pacific Electromagnetic Market by Country
Chapter 6. Asia Pacific Parking Sensor Market by Installation
- 6.1 Asia Pacific OEM Market by Country
- 6.2 Asia Pacific Aftermarket Market by Country
Chapter 7. Asia Pacific Parking Sensor Market by Country
- 7.1 China Parking Sensor Market
- 7.1.1 China Parking Sensor Market by Technology
- 7.1.2 China Parking Sensor Market by Installation
- 7.2 Japan Parking Sensor Market
- 7.2.1 Japan Parking Sensor Market by Technology
- 7.2.2 Japan Parking Sensor Market by Installation
- 7.3 India Parking Sensor Market
- 7.3.1 India Parking Sensor Market by Technology
- 7.3.2 India Parking Sensor Market by Installation
- 7.4 South Korea Parking Sensor Market
- 7.4.1 South Korea Parking Sensor Market by Technology
- 7.4.2 South Korea Parking Sensor Market by Installation
- 7.5 Australia Parking Sensor Market
- 7.5.1 Australia Parking Sensor Market by Technology
- 7.5.2 Australia Parking Sensor Market by Installation
- 7.6 Malaysia Parking Sensor Market
- 7.6.1 Malaysia Parking Sensor Market by Technology
- 7.6.2 Malaysia Parking Sensor Market by Installation
- 7.7 Rest of Asia Pacific Parking Sensor Market
- 7.7.1 Rest of Asia Pacific Parking Sensor Market by Technology
- 7.7.2 Rest of Asia Pacific 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 Asia Pacific Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 2 Asia Pacific Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 3 Asia Pacific Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 4 Asia Pacific Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 5 Asia Pacific Ultrasonic Market by Country, 2020 - 2023, USD Million
- TABLE 6 Asia Pacific Ultrasonic Market by Country, 2024 - 2031, USD Million
- TABLE 7 Asia Pacific Electromagnetic Market by Country, 2020 - 2023, USD Million
- TABLE 8 Asia Pacific Electromagnetic Market by Country, 2024 - 2031, USD Million
- TABLE 9 Asia Pacific Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 10 Asia Pacific Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 11 Asia Pacific OEM Market by Country, 2020 - 2023, USD Million
- TABLE 12 Asia Pacific OEM Market by Country, 2024 - 2031, USD Million
- TABLE 13 Asia Pacific Aftermarket Market by Country, 2020 - 2023, USD Million
- TABLE 14 Asia Pacific Aftermarket Market by Country, 2024 - 2031, USD Million
- TABLE 15 Asia Pacific Parking Sensor Market by Country, 2020 - 2023, USD Million
- TABLE 16 Asia Pacific Parking Sensor Market by Country, 2024 - 2031, USD Million
- TABLE 17 China Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 18 China Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 19 China Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 20 China Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 21 China Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 22 China Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 23 Japan Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 24 Japan Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 25 Japan Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 26 Japan Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 27 Japan Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 28 Japan Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 29 India Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 30 India Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 31 India Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 32 India Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 33 India Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 34 India Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 35 South Korea Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 36 South Korea Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 37 South Korea Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 38 South Korea Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 39 South Korea Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 40 South Korea Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 41 Australia Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 42 Australia Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 43 Australia Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 44 Australia Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 45 Australia Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 46 Australia Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 47 Malaysia Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 48 Malaysia Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 49 Malaysia Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 50 Malaysia Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 51 Malaysia Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 52 Malaysia Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 53 Rest of Asia Pacific Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 54 Rest of Asia Pacific Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 55 Rest of Asia Pacific Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 56 Rest of Asia Pacific Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 57 Rest of Asia Pacific Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 58 Rest of Asia Pacific 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
