Global Parking Sensors Market Size & Outlook, 2023-2030
The parking sensors industry worldwide is expected to reach a projected revenue of US$ 27,000.2 million by 2030. A compound annual growth rate of 14.8% is expected of the worldwide parking sensors industry from 2024 to 2030.
Revenue, 2023 (US$M)
$10,258.2
Forecast, 2030 (US$M)
$27,000.2
CAGR, 2024 - 2030
14.8%
Report Coverage
Worldwide
Global parking sensors market, 2018-2030 (US$M)
Global parking sensors market highlights
- The global parking sensors market generated a revenue of USD 10,258.2 million in 2023 and is expected to reach USD 27,000.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 14.8% by 2030.
- In terms of segment, ultrasonic accounted for a revenue of USD 10,258.2 million in 2023.
- Ultrasonic is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 10,258.2 million |
| Market revenue in 2030 | USD 27,000.2 million |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasonic |
| Fastest growing segment | Ultrasonic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ultrasonic |
Other key industry trends
- In terms of revenue, the North America accounted for 38.7% of the global parking sensors market in 2023.
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Parking Sensors Market Scope
Parking sensors market segmentation & scope
Installation
OEM
Aftermarket
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Parking Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global parking sensors market size, by regions, 2018-2030 (US$M)
Related industry reports
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