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Parking Sensors are employed in cars to detect the obstacles during parking. These sensors made the parking job easy for the drivers without actually looking out and can utilize the display that is present inside a car using the sensors. The market for parking sensors was valued at $1796.27m in the year 2017 and is estimated to reach by $6625.16m by 2023 at an estimated CAGR of 24.3%. Amongst various technologies that are being used, ultrasonic sensors generated the highest revenue followed by the electromagnetic sensors. Europe held the largest share of approximately 41.1% of the total share in the market generating a revenue of $722.29m in the year 2017 and is projected to grow at an estimated CAGR of 22.9% followed by the APAC regions. Request Sample Parking Sensors Market Outlook: There are different parking sensors available in the market such as ultrasonic sensors and electromagnetic sensors and many others. Ultrasonic systems generate sound waves, which when hit an obstacle ref...

Parking Sensors are employed in cars to detect the obstacles during parking. These sensors made the parking job easy for the drivers without actually looking out and can utilize the display that is present inside a car using the sensors. The market for parking sensors was valued at $1796.27m in the year 2017 and is estimated to reach by $6625.16m by 2023 at an estimated CAGR of 24.3%. Amongst various technologies that are being used, ultrasonic sensors generated the highest revenue followed by the electromagnetic sensors. Europe held the largest share of approximately 41.1% of the total share in the market generating a revenue of $722.29m in the year 2017 and is projected to grow at an estimated CAGR of 22.9% followed by the APAC regions. Request Sample Parking Sensors Market Outlook:  There are different parking sensors available in the market such as ultrasonic sensors and electromagnetic sensors and many others. Ultrasonic systems generate sound waves, which when hit an obstacle...