PUBLISHER: KBV Research | PRODUCT CODE: 1548792
PUBLISHER: KBV Research | PRODUCT CODE: 1548792
LAMEA 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 Latin America, Middle East and Africa Parking Sensor Market would witness market growth of 17.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Parking Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $553.2 Million by 2031. The Argentina market is showcasing a CAGR of 18.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 16.8% during (2024 - 2031).
Innovation is driving these sensor market forward with several key developments. Advanced parking sensors incorporate 3D imaging technology to create detailed, three-dimensional maps of the parking environment. This innovation allows for more precise object detection and spatial awareness, enhancing the accuracy of parking assistance systems. Innovations in sensor fusion combine data from multiple sensor types (e.g., ultrasonic, radar, lidar, and cameras) to provide a more comprehensive understanding of the parking environment. This fusion improves obstacle detection, depth perception, and overall system reliability.
In addition, modern sensors have real-time data analytics capabilities, allowing for continuous monitoring and analysis of parking conditions. This feature can provide instant feedback, diagnostics, and performance insights to improve the accuracy and effectiveness of parking assistance. New sensors feature automatic calibration and self-diagnostic functions. These innovations enable the sensors to adjust their settings based on environmental conditions and perform self-checks to ensure optimal performance and reliability.
In cities like Sao Paulo and Rio de Janeiro, the urban population has led to a corresponding increase in vehicle ownership. Sao Paulo, for instance, is known for its dense traffic and sprawling urban layout. The high vehicle density contributes to severe traffic congestion, particularly during peak hours. This congestion not only affects travel times but also exacerbates parking difficulties. The UAE's stringent road safety regulations often mandate advanced vehicle safety features. As regulations tighten, the inclusion of these sensors becomes more common to meet compliance requirements, boosting their adoption. As per the Government of UAE, the Traffic and Patrols Directorate in Abu Dhabi introduced a road safety management plan to reduce traffic accident fatalities to 3 percent per 100,000 residents by 2021. This road safety initiative includes a comprehensive framework for accident prevention, incorporating four key elements: enforcement, education, engineering, and emergency medical services. Thus, increasing urbanization and rising regional road safety regulations 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA Parking Sensor Market Report Segmentation
By Technology
- Ultrasonic
- Electromagnetic
By Installation
- OEM
- Aftermarket
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Parking Sensor Market, by Technology
- 1.4.2 LAMEA Parking Sensor Market, by Installation
- 1.4.3 LAMEA 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. LAMEA Parking Sensor Market by Technology
- 5.1 LAMEA Ultrasonic Market by Country
- 5.2 LAMEA Electromagnetic Market by Country
Chapter 6. LAMEA Parking Sensor Market by Installation
- 6.1 LAMEA OEM Market by Country
- 6.2 LAMEA Aftermarket Market by Country
Chapter 7. LAMEA Parking Sensor Market by Country
- 7.1 Brazil Parking Sensor Market
- 7.1.1 Brazil Parking Sensor Market by Technology
- 7.1.2 Brazil Parking Sensor Market by Installation
- 7.2 Argentina Parking Sensor Market
- 7.2.1 Argentina Parking Sensor Market by Technology
- 7.2.2 Argentina Parking Sensor Market by Installation
- 7.3 UAE Parking Sensor Market
- 7.3.1 UAE Parking Sensor Market by Technology
- 7.3.2 UAE Parking Sensor Market by Installation
- 7.4 Saudi Arabia Parking Sensor Market
- 7.4.1 Saudi Arabia Parking Sensor Market by Technology
- 7.4.2 Saudi Arabia Parking Sensor Market by Installation
- 7.5 South Africa Parking Sensor Market
- 7.5.1 South Africa Parking Sensor Market by Technology
- 7.5.2 South Africa Parking Sensor Market by Installation
- 7.6 Nigeria Parking Sensor Market
- 7.6.1 Nigeria Parking Sensor Market by Technology
- 7.6.2 Nigeria Parking Sensor Market by Installation
- 7.7 Rest of LAMEA Parking Sensor Market
- 7.7.1 Rest of LAMEA Parking Sensor Market by Technology
- 7.7.2 Rest of LAMEA 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 LAMEA Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 4 LAMEA Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 5 LAMEA Ultrasonic Market by Country, 2020 - 2023, USD Million
- TABLE 6 LAMEA Ultrasonic Market by Country, 2024 - 2031, USD Million
- TABLE 7 LAMEA Electromagnetic Market by Country, 2020 - 2023, USD Million
- TABLE 8 LAMEA Electromagnetic Market by Country, 2024 - 2031, USD Million
- TABLE 9 LAMEA Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 10 LAMEA Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 11 LAMEA OEM Market by Country, 2020 - 2023, USD Million
- TABLE 12 LAMEA OEM Market by Country, 2024 - 2031, USD Million
- TABLE 13 LAMEA Aftermarket Market by Country, 2020 - 2023, USD Million
- TABLE 14 LAMEA Aftermarket Market by Country, 2024 - 2031, USD Million
- TABLE 15 LAMEA Parking Sensor Market by Country, 2020 - 2023, USD Million
- TABLE 16 LAMEA Parking Sensor Market by Country, 2024 - 2031, USD Million
- TABLE 17 Brazil Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 18 Brazil Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 19 Brazil Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 20 Brazil Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 21 Brazil Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 22 Brazil Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 23 Argentina Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 24 Argentina Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 25 Argentina Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 26 Argentina Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 27 Argentina Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 28 Argentina Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 29 UAE Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 30 UAE Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 31 UAE Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 32 UAE Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 33 UAE Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 34 UAE Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 35 Saudi Arabia Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 36 Saudi Arabia Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 37 Saudi Arabia Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 38 Saudi Arabia Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 39 Saudi Arabia Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 40 Saudi Arabia Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 41 South Africa Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 42 South Africa Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 43 South Africa Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 44 South Africa Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 45 South Africa Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 46 South Africa Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 47 Nigeria Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 48 Nigeria Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 49 Nigeria Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 50 Nigeria Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 51 Nigeria Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 52 Nigeria Parking Sensor Market by Installation, 2024 - 2031, USD Million
- TABLE 53 Rest of LAMEA Parking Sensor Market, 2020 - 2023, USD Million
- TABLE 54 Rest of LAMEA Parking Sensor Market, 2024 - 2031, USD Million
- TABLE 55 Rest of LAMEA Parking Sensor Market by Technology, 2020 - 2023, USD Million
- TABLE 56 Rest of LAMEA Parking Sensor Market by Technology, 2024 - 2031, USD Million
- TABLE 57 Rest of LAMEA Parking Sensor Market by Installation, 2020 - 2023, USD Million
- TABLE 58 Rest of LAMEA 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
