ReportsnReports.com adds a new research report Global Automotive Parking Sensors Market 2016-2020. Global Automotive Parking Sensors Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
This analyst forecast the global automotive parking sensors market to grow at a CAGR of 23.90% during the period 2016-2020.
Parking sensors are designed to alert the driver about obstacles while parking or reversing. The use of display along with parking sensor gives a more precise look to understand quickly about the obstacle in terms of distance and representation. As a result, the automotive industry is progressively witnessing the adoption of parking sensors.
This report covers the present scenario and the growth prospects of the global Automotive Parking Sensors market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of Automotive Parking Sensorss (compressor and non-compressor based), and portable electric or battery operated coolers worldwide.
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