Parking Sensors Market Size Worth USD 9,782.9 Million By 2020 : Grand View Research, Inc.

The global parking sensors market is expected to reach USD 9,782.9 million by 2020, according to a new study by Grand View Research, Inc. Parking sensors prevent physical damage to the vehicle by alerting the driver when the automotive approaches an obstacle. Furthermore, they help prevent potential injury to pedestrians. These features are particularly useful in light of reducing parking spaces and changing dimensions of the average car, thus acting as a key driver for industry growth.

Parking sensors employing ultrasonic technology accounted for 65.1% of the overall market share in 2012. Electromagnetic parking sensors are expected to grow faster than the global average at a CAGR of 19.3% from 2013 to 2020. Installation by original equipment manufacturers (OEM) accounted for 80.7% of the market in 2012. The price range for these installations is much higher as compared to their aftermarket counterparts, thereby contributing largely to revenue.

 In depth research report on Parking Sensors Market:

http://www.grandviewresearch.com/industry-analysis/parking-sensors-market

Further Key findings from the study suggest:

·   The global parking sensors market was estimated to be valued at USD 2,546 million in 2012, and is expected to grow at a CAGR of 18.4% from 2013 to 2020.

·       Ultrasonic parking sensors are expected to continue dominating the global market over the forecast period. However, electromagnetic technology is expected to be a fast growing segment, primarily because it helps combat issues such as presence of visible parts on the vehicle’s bumper. Additionally, electromagnetic sensors are self diagnostic and are equipped with a maintenance system. Preservation of the aesthetic appearance of the automotive coupled with superior design in the form of a transceiver adhesive strip is expected to be the chief driver for this segment.

·       Aftermarket parking sensors are cost effective as compared to those installed by the OEM, since the latter are made specific to the make and model of the vehicle. OEM installed parking sensors ensure superior construction and fitment, as a result of which they are expected to contribute to majority of the global industry revenue in the coming years.

·       North America accounted for 38.5% of the global market share in 2012, and is expected to continue being the largest regional segment over the forecast period. Initiatives by regulatory authorities in the region are expected to be the key driving force for regional market growth. Asia Pacific is expected to be the fastest growing region, with an estimated CAGR of 20.1% from 2013 to 2020.

·       Companies operating in the market include parking sensor manufacturers as well as OEMs. Major automotive companies offer parking sensor systems, with optional LCD displays that show the distance between the vehicle and obstacle. Industry participants offer Advanced Driver Assistance Systems (ADAS), in order for the driver to make an informed decision. Key players in the market include Continental AG, Freescale Semiconductor Ltd., Robert Bosch GmbH, Texas Instruments Inc., BMW, Audi and Volkswagen among others.

Grand View Research has segmented the parking sensors market on the basis of technology, installation and regional markets:

Parking Sensors Technology Outlook (Revenue in USD Million, 2012 - 2020)

·       Ultrasonic      

·       Electromagnetic        

Parking Sensors Installation Outlook (Revenue in USD Million, 2012 - 2020)

·       OEM 

·       Aftermarket   

Parking Sensors Regional Outlook (Revenue in USD Million, 2012 - 2020)

·       North America   
      

·       North America Parking Sensors Market by Technology

      ·       Ultrasonic

      ·       Electromagnetic

·       North America Parking Sensors Market by Installation

     ·       OEM

     ·       Aftermarket

·       Europe        
 

·       Europe Parking Sensors Market by Technology

   ·       Ultrasonic

   ·       Electromagnetic

·       Europe Parking Sensors Market by Installation

  ·       OEM

  ·       Aftermarket

·       Asia Pacific

·       Asia Pacific Parking Sensors Market by Technology

   ·       Ultrasonic

   ·       Electromagnetic

·       Asia Pacific Parking Sensors Market by Installation

   ·       OEM

   ·       Aftermarket

·       RoW

·       RoW Parking Sensors Market by Technology

   ·       Ultrasonic

   ·       Electromagnetic

·       RoW Parking Sensors Market by Installation

    ·       OEM

    ·       Aftermarket 

Browse more research reports of this category:

http://www.grandviewresearch.com/industry/sensors-and-controls

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit:

http://www.grandviewresearch.com/

USA Motor Vehicle Sensors Market To Cross USD 6.29 Billion By 2020 : Grand View Research, Inc.

The U.S. Motor Vehicle Sensors Market is expected to reach USD 6.29 billion by 2020, according to a new study by Grand View Research, Inc. Favorable government mandates pertaining to emission standards and safety are expected to drive the market over the forecast period.

Enhancement of Corporate Average Fuel Economy (CAFE) standards coupled with new regulations mandating the incorporation of Electronic Stability Control (ESC) systems in light vehicles is expected to play a pivotal role in the U.S. motor vehicle sensors market growth. Passage of The Transportation Recall Enhancement, Accountability and Documentation (TREAD) Act, directing adoption of Tire Pressure Monitoring System (TPMS) in new vehicles is expected to increase sensor sales. Owing to the need for periodical replacement of TPMS and oxygen sensors, aftermarket sensor sales are expected to constitute a substantial market share, thereby supplementing the high demand for motor vehicle sensors from OEMs.

In depth research report on USA Motor Vehicle Sensors Market:

http://www.grandviewresearch.com/industry-analysis/usa-motor-vehicle-sensors-market

Further key findings from the study suggest:

·       Physical property motor vehicle sensors accounted for over 25% of the overall market revenue share in 2013; the high demand can be attributed to increased use in monitoring intrinsic physical properties of media such as pressure, temperature, and moisture resulted in high demand for physical property sensors. Process variable motor vehicle sensors are expected to witness significant growth over the forecast period, as they are vital components in TPMS.

·       Engine & drivetrain contributed to over 35% of the overall market revenue share in 2013, due to increased use of motor vehicle sensors in harsh environments for measuring vital parameters including oil pressure, intake air temperature, fuel injection pressure, and coolant temperature. Sensors used for engine & drivetrain applications help lowering emissions and improving gas mileage by controlling engine function and efficiency. Safety & security applications are expected to witness high growth over the forecast period owing to increased adoption of features such as TPMS, rollover detection, ESC, and anti-lock brake.

·       The U.S. motor vehicle sensors market is characterized by a high degree of innovation by key market players in order to develop sensors-based systems for relatively new and untapped market segments. For instance, in August 2012, GE, Ford Motors and University of Michigan collaborated to develop sensors for monitoring electric vehicles’ battery life. GE has started development work for resilient and lightweight sensor-based systems, capable of withstanding intense heat, vibrations and shock, to be incorporated in Formula One racing cars. Other key vendors in the motor vehicle sensors market include Tyco International, Rockwell Collins, Northrop Grumman, Johnson Controls, Honeywell International, Denso Corporation, Delphi Corporation, Bosch, and Agilent Technologies.

For the purpose of this study, Grand View Research has segmented the U.S. motor vehicles sensors market on the basis of product and application:

U.S. Motor Vehicles Sensors Product Outlook (Revenue, USD Million, 2012 – 2020)

·       Physical Property

·       Process Variable

·       Proximity & Positioning

·       Chemical Property

·       Others

U.S. Motor Vehicles Sensors Application Outlook (Revenue, USD Million, 2012 – 2020)

·       Engine & Drivetrain

·       Safety & Security

·       Emission Control

·       Others

Browse more research reports of this category:

http://www.grandviewresearch.com/industry/sensors-and-controls

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: 
http://www.grandviewresearch.com/

Home Audio Equipment Market Size Is Projected To Reach USD 22.50 Billion By 2020: Grand View Research, Inc.

The Global Home Audio Equipment Market is expected to reach USD 22.50 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer demand for high-quality home theater experience attributed to increased disposable income is expected to drive the market over the forecast period. Increasing trend towards deployment of sophisticated equipment, high-speed data streaming, faster internet connectivity and internet-exclusive entertainment are expected to proliferate the need for external audio solutions. Emergence of Bluetooth products coupled with wireless Blu-ray home theater systems is expected to positively impact market growth.

Home audio equipment comprises a wide range of equipment including multi-channel amplifiers, compact audio system and home radios. Manufacturers of this equipment have been striving to expand market penetration by innovating visually less intrusive and user-friendly systems. Therefore, technological advancement in digital technology with changing media options from conventional to latest systems is expected to be positively impact home audio equipment market growth over the next six years. High development cost and fear of hearing loss among the consumers may hamper market growth through the forecast period. Emergence of realistic immersive home audio equipment along with better internet connectivity offers a wide avenue to drive demand for the home audio equipment market.

In depth research report on Home Audio Equipment Market:

http://www.grandviewresearch.com/industry-analysis/home-audio-equipment-market

Further key findings from the study suggest:

·       The home audio equipment market comprises products such as audio systems, home radios, Home Theater-in-a-box (HTiB) and other accessories. The home audio systems segment includes MP3 players, mini disc players, compact audio systems, cassette deck, rack system and CD/DVD players. HTiB products include 5.1, 6.1, 7.1 and 9.1 channels and the segment is expected to witness significant growth over the forecast period. This can be attributed to several benefits associated with this technology such as unrestricted mobility and high quality sound systems.

·       Widening consumer base in Asia Pacific markets owing to higher affordability and rapid urbanization trends is expected to significantly drive the home audio equipment industry. Demand for digital home radios driven by growing promotional activities is expected to drive regional market growth. The North American market is characterized by rise in unit sales of flat-panel HD TVs.

·       Key companies operating in the market include Sony Corporation, Bose Corporation, LG Electronics, JVC KENWOOD Holdings Inc., Philips, Dolby Laboratories Inc. and Akai. Rising emphasis on vertical integration activities in order to obtain greater product reliability and optimized manufacturing throughput is estimated to be the major growth strategy.

For the purpose of this study, Grand View Research has segmented the global home audio equipment market on the basis of product and region:

Home Audio Equipment Product Outlook (Revenue, USD Billion, 2012 – 2020)

·       Home Theater in-a-Box

·       Home Audio Systems

·       Home Radios

·       Others

Home Audio Equipment Regional Outlook (Revenue, USD Billion, 2012 – 2020)

·       North America

·       Europe

·       Asia Pacific

·       RoW

Browse more research reports of this category:

http://www.grandviewresearch.com/industry/electronic-devices

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Facial Recognition – A Secure Tool For The Future

Facial Recognition

Facial recognition is a biometric technology preferred over iris and fingerprint systems. It provides protection across various public and private sectors. A facial recognition system encompasses reader, software, and a database. It compares selected facial points to the match provided in the database to provide entry to users.

It has been highly efficient against other traditional methods such as passwords and tokens. The adoption of Bring Your Own Devices (BYOD) policy in the IT (information technology) sector is expected to contribute to market growth.

Latest Trends

NEC Corporation, a Japanese multinational specializing in IT solutions, has gained high ratings for its facial recognition software. Its feature point extraction technology can pinpoint suspicious individuals in real-time within crowds. This can be used in prevention of potential attacks.

Customer engagement has found a way to be measured using facial recognition. Val Morgan Outdoor (VMO), an advertising company, is employing this technology in its DART (Digital outdoor Audience in Real Time) measurement system to measure audience engagement levels. It can be used to measure mood levels and can be used in public campaigns.

The Chinese government is using the technology in nearly all sectors within the region. The Face++ technology has been a part of many popular mobile applications. It can be used as a secure gateway to transfer money online.

Market Outlook

The worldwide facial recognition market is expected to grow at a remarkable rate over the forecast period (2014 - 2020). It is driven by novel technologies such as Cloud and 3D recognition systems. The need to secure data across government sectors is another ancillary driving factor. 3D technology, 2D technology, and facial analytics are technologies within the market.

3D technology is expected to register high growth over the next six years. Other technologies like Cloud services are anticipated to spur global market growth. Government is expected to be the biggest market end-user over the next six years. North America can dominate the global market throughout the forecast period due to its extensive utilization in federal departments of the US government. Prominent market players comprise Precise Biometrics, 3M Cogent, FaceFirst, and NEC Corporation.

In-Depth research report on facial recognition market:

http://www.grandviewresearch.com/industry-analysis/facial-recognition-market

Carriers to be a Boon for Transporting Wafers and ICs

Semiconductor materials such as wafers and integrated circuits (ICs) are used in all modern devices such as computers, smartphones, and mobile devices. These materials play an essential role in powering these devices.

Wafers and ICs

Wafers are semiconductor materials used in fabrication of ICs. They are made of crystalline silicon and known as substrates. They are primarily used by the solar and consumer electronics industries. The production of these materials is directly proportional to its increased capacity. It’s known as Moore’s Law.

Materials such as graphene and copper are increasingly being used to reduce production costs. Major manufacturers like Intel are planning to use extreme ultraviolet lithography (EUV) to create advanced ICs.

Latest Trends

Trays and carriers are preferred by major companies for shipping and handling of these materials. Entegris Inc., a US company, has launched the 450 mm P2 wafer carriers for transporting 450 mm wafers securely. The container has adhered to latest industry standards and has chances of low particle generation as well as preserves the fabrication of wafers.

IBM Corporation and 3M Company are collaborating on developing an adhesive which can package semiconductors in towers. 3M Company has also created a wafer-supporting system for handling thin wafers. This technology, if successful, can be a breakthrough in the photonics industry.

Market Overview

The worldwide wafer and IC shipping and handling market is anticipated at USD 14.16 billion by 2025. It is expected to display a significant growth rate over the forecast period (2014 - 2025). It is driven by the surging demand of ICs in the electronics industry.

The products within the market are divided according to IC processing & storage, IC shipping and handling, and wafer shipping and handling. Wafer carriers had high demand on account of the need of silicon wafers by the electronics and solar industries. JEDEC (Joint Electronic Device Engineering Council) trays, a product under IC processing and storage, had accounted for over 90% demand in 2015.

Asia Pacific can dominate the global market due to the presence of various manufacturers regionally as well as being responsible for global exports from South Korea and Taiwan. North America market can drive the demand of storage and processing of ICs due to advances in technology in the region. Prominent players include Ted Pella, Inc.; ePAK International, Inc.; Entegris, Inc.; and 3M Company.

In-Depth research report on wafer and IC shipping and handling market:

http://www.grandviewresearch.com/industry-analysis/wafer-integrated-circuits-ic-shipping-handling-market