The Global Automotive Intelligence Park Assist System Market is projected to reach USD 30 billion by 2028, growing at a CAGR of over 6% from 2024-2028. Growing vehicle fleet and limited parking areas are driving the global market for intelligent parking assistance systems. However, high installation cost is a major challenge that may hinder the growth of the market.
The Global Vehicle Intelligence Park Assist System Market is segmented by vehicle, sensor, technology, and region. In terms of technology type, the market includes autonomous parking assistance and semi-autonomous parking assistance. Current market trends indicate that the demand for semi-autonomous parking assistance technology is quite high and this segment is expected to dominate by 2028.
Regionally, North America is estimated to be the largest market for global automotive intelligence park assist systems. The United States is one of the leading automobile manufacturers globally and has strict vehicle safety regulations, which is expected to drive the market for Automotive Intelligence Park Assist Systems by 2028.
Browse the report (Global Intelligent Automotive Parking Systems Market, By Vehicle Type (Passenger Cars & Commercial Vehicles), By Sensor Component (Ultrasonic Sensor, Camera & Ultrasonic Sensor & Camera), By Technology (Autonomous Parking Assist & Semi-Autonomous Parking Assist, Semi-Autonomous Parking Assist -2 Company Forecast), https://www.techsciresearch.com/report/automotive-intelligent-park-assist-systems-market/3232.html
Some of the key players in the global automotive intelligent parking assistance systems market include NXP Semiconductors, Valeo, Robert Bosch GmbH, HELLA GmbH & Co. KGaA, Toshiba Corporation, ZF Friedrichshafen AG, Continental AG, Siemens AG, Aisin World Corp. of America, Delphlarion, Magna.
Objective of the study:
- To analyze and forecast the market size of the Automotive Intelligence Park Assist System Market, in terms of value and volume
- To classify and forecast the Global Vehicle Intelligence Park Assist System Market based on vehicle type, sensor technology, technology type and regional distribution.
- To identify the drivers and challenges for the Global Automotive Intelligence Park Assist System Market.
- To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Global Automotive Intelligence Park Assist System Market.
- To identify and analyze the profile of the key players involved in the production of Automotive Intelligence Park Assist System.
TechSci Research conducted both primary and exhaustive secondary research for this study. Initially, TechSci Research provided a list of manufacturers worldwide. TechSci Research then conducted primary research surveys with the identified companies. During the interviews, respondents were also asked about their competitors. Through this technique, TechSci Research was able to include suppliers that could not be identified through secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major co-op manufacturers worldwide.
TechSci Research calculated the market size of the Global Vehicle Intelligence Park Assist System Market using a bottom-up approach where data on various OEMs and their applications across vehicle types were recorded and forecasted for the coming years. TechSci Research obtained these values from industry experts and company representatives and externally validated them by analyzing historical data for these product types and applications to obtain an appropriate overall market size. TechSci Research also used various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports.
Main target audience:
- Manufacturers of Automotive Intelligence Park Assist System
- Automotive OEM
- Dealers, distributors and suppliers
- Associations and industry experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to some critical questions that are important to industry stakeholders such as the manufacturer and collaboration partners, end users, etc., in addition to allowing them to strategize investments and capitalize on market opportunities.
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Scope of report:
In this report, the Global Vehicle Intelligence Park Assist System Market is segmented into the following categories, apart from the industry trends which are also detailed below:
- Global Automotive Intelligence Park Assist System Market, by Vehicle Type:
- Passenger cars
- Commercial vehicles
- Global Vehicle Intelligence Park Assist System Market, By Sensor:
- Ultrasonic sensor
- cAMERA
- Ultrasonic sensor and camera
- Global Vehicle Intelligence Park Assist System Market, By Technology:
- Intelligent autonomous parking assistance
- Semi-autonomous intelligent parking assistance
- Global Vehicle Intelligence Park Assist System Market, by Regions:
- Asia Pacific
- China
- INDIA
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe and CIS
- France
- Germany
- United Kingdom
- Ital
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Qatar
- Asia Pacific
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About TechSci Research:
TechSci Research is a research-based management consulting firm that provides market research and advisory solutions to its clients worldwide, spanning a variety of industries. TechSci Research’s core values are value, integrity and insight. Led by a dynamic team of industry experts, TechSci Research provides its clients with high-value research and advisory services that help them identify new market opportunities, growth drivers and innovative ways to capture market share. As a result, TechSci’s client leads rather than follows market trends. Unbound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and growing use of technology as engines of innovation to deliver unique research value. Offered as an alternative to traditional market research, TechSci Research reports not only provide data and insights, but highlight insights in a more usable and interactive format for its clients.
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