India Reverse Parking Alert System Market, By Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), By Component (Parking Sensors, Steering Angle Sensors, Electronic Control Unit (ECU) and Display Unit), By Technology (Ultrasonic Sensor, Radar Sensor and Image Sensor), By Demand Category (OEM’s and Aftermarket), By Region, By Company, Competition, Forecast & Opportunities, 2024

India reverse parking alert system market size is to continue witnessing growth during the forecast period due to the rising consumer demand for advanced vehicle features and limited parking space availability. Moreover, the rise in the number of accidents is also bolstering the reverse parking alert system market growth in India. Based on vehicle type, passenger cars are projected to account for majority of India reverse parking alert system market during the forecast period. The growth of the segment is due to increasing sales of passenger cars in the country and the growing disposable income of the people in the country.

The reverse parking alert system market in India is projected to witness a significant growth in the Northern region of the country, owing to the increasing vehicle sales and rising demand from the consumers to employ better safety systems. The western region of India is expected to account for a good portion of India reverse parking alert system market during the forecast period. Moreover, the demand for technologically advanced vehicles among the consumers is anticipated to boost the market growth in the country during the forecast period.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

• To analyse and forecast the market size of India reverse parking alert system market, in terms of value and volume.
• To classify and forecast India reverse parking alert system market based on vehicle type, component, technology, demand category and regional distribution.
• To identify drivers and challenges for India reverse parking alert system market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in India reverse parking alert system market.
• To conduct the pricing analysis for India reverse parking alert system market.
• To identify and analyse the profile of leading companies involved in India reverse parking alert system market.

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Some of the major companies in India reverse parking alert system market are Aptiv PLC, Valeo S.A., Aisin Seiki Co. Ltd., Kapsch Trafficcom AG, Cubic Corporation, Siemens AG, Robert Bosch GmbH, Continental AG etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major players operating in India reverse parking system market.

TechSci Research calculated the market size of India reverse parking system market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Reverse parking alert system manufacturers and stakeholders
• Automotive OEMs
• Suppliers and dealers/distributors of automotive reverse parking alert systems

• Research organizations and consulting companies
• Market research firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India reverse parking alert system market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Vehicle Type
• Passenger Vehicles
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)
• Market, by Component:
• Parking Sensors
• Steering Angle Sensors
• Electronic Control Unit (ECU)
• Display Unit
• Market, by Technology:
• Ultrasonic Sensor
• Radar Sensor
• Image Sensor
• Market, By Demand Category
• OEM’s
• Aftermarket
• Market, By Region
• North
• East
• South
• West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India reverse parking alert system market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market companies (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

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