The global parking sensors market is growing, due to several enhanced features provided by parking sensors, such as cost savings related to fuel efficiency, effectiveness in terms of time and easy identification of vacant parking spaces. The technological advancements in artificial intelligence which makes the system operator independent, is one of the major factors providing ample growth opportunities for ... Read more

A new study by Hexa Research estimated that the global parking sensors market was worth more than $2,500 million in 2012. Parking sensors assist drivers in parking their vehicles and alert them in case of an obstacle. They prevent pedestrian injury. Increasing space crunch and altered dimensions of common cars are paving the way for ... Read more