Parking
sensors could be defined as the proximity sensors which are
needed in the automotive to assist the driver to park the vehicle
safely and hassle free. The sensors used are the Advanced Driver
Assistance Systems (ADAS) that helps the driver by giving an alert
signal when there is an obstacles. Parking sensors assembles the
information about the availability of space in the parking lots and
coordinates between the cars to monitor them to find free space for
parking. It uses advanced technologies to aid cars to locate, pay and
reserve for parking space. The sensors provides real-time information
through changeable message signs to drivers.
The
ultrasonic parking sensors uses sound waves to detect the obstacle
whether the vehicle is in motion or at rest while the electromagnetic
sensors uses magnetic waves to detect the obstacle. Electromagnetic
sensors are self-diagnostic and are equipped with a maintenance
system. Some of the major drivers of this market are related to the
benefits of sensor parking which includes easy identification of
vacant parking spaces, effectiveness in terms of time and cost
savings related to fuel efficiency. The main factor that
isrestraining the growth of this market islimited detection range of
the sensors. The biggest opportunity for this market is the
technological advancement in artificial intelligence which would make
the system operator independent.
The
market could be segmented on the basis of technologies which includes
ultrasonic sensors and electromagnetic sensorsIn addition, the market
could be segmented on the basis of geography which includes North
America, Europe, Asia-Pacific and RoW.
Some
of the key players dominating this market are Abbott Analog Devices
Inc., Denso Corporation, Continental AG., Freescale Semiconductor
Ltd., Robert Bosch GmbH, NXP Semiconductors N.V., BMW, Texas
Instruments Inc., Mercedes Benz, Ford Motor Company, Audi, Honda,
Hyundai and Volkswagen among others.
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