Parking Sensors Market Size | Industry Trends & Forecast 2025

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Code: MTA10188

Publication Date: Oct 2025

What is the size of the Parking Sensors Market?

According to 6Wresearch internal database and industry insights, the Global Parking Sensors Market was valued at USD 10.1 Billion in 2024 and is expected to reach USD 15.6 Billion by 2031, growing at a compound annual growth rate of 5.06% during the forecast period (2025-2031).

The main drivers of this growth are the increasing adoption of advanced driver assistance systems (ADAS), stringent safety regulations mandating parking assistance features, and the rising demand for enhanced vehicle safety technologies.

Growth Factors for Parking Sensors Industry

Surge in vehicle production and sales globally.
Rising consumer demand for advanced safety features in vehicles.
Stringent government regulations mandate parking assistance systems.
Technological advancements in sensor technologies are enhancing accuracy and reliability.
Growing awareness about pedestrian safety and accident prevention.

Parking Sensors Market Trends

The Parking Sensors Market is experiencing trends such as the adoption of ultrasonic and electromagnetic sensor technology, which increases the effectiveness of parking assistance systems. Additionally, sensor fusion algorithm improvements are strengthening the performance of smarter sensor systems that improve vehicle safety overall. The increasing application of parking sensors in more Advanced Driver Assistance Systems (ADAS) is driving deeper demand for parking sensors. Urbanisation and the focus on parking efficiency increase the demand for parking sensors in passenger and commercial vehicles.

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Emerging Developments in the Parking Sensors Market

Developments in the Parking Sensors Market that are emerging include the introduction of AI-based object recognition technology to allow for more accurate detection of obstacles. Furthermore, high-resolution imaging sensors are also being applied for improved accuracy in low-visibility situations. Additionally, advanced sensor fusion algorithms increase sensor systems' performance to easily integrate with even more safety features. These advancements result in the ability to support fully automated valet parking systems that vastly increase parking convenience and safety in the future.