Global Automotive Intelligence Park Assist System Market to Exhibit 6.76% CAGR from 2017 to 2025: Report

Published Date : Apr 10, 2018

Albany, New York, April 10, 2018: has recently announced the addition of a detailed market research report covering the global market for automotive intelligence park assist system market. The study is titled “Automotive Intelligence Park Assist System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”

The report includes vast insights pertaining to the overall growth prospects of the market over the period between 2017 and 2025 and includes a detailed analytical overview pertaining to the growth dynamics of the market in past and present times. An overview of the key factors expected to have a notable impact on the overall development of the market, including drivers, challenges, trends, new growth opportunities, regulations, and competitive dynamics of the market, over the said period is also included.

According to the report, the market is likely to register a promising 6.76% CAGR over the said period, rising from a valuation of US$22.30 bn in 2016 to US$38.53 bn by 2025. One of the key factors expected to spell growth for the market is the massive rise in traffic flow across the globe and the resultant rise in numbers of road accidents. As concerns regarding personal comfort and safety among the world population rise, automobile companies are being pushed to introduce innovative safety technologies such as intelligent park assist systems in their products, which is, in turn, boding well for the global automotive intelligent park assist systems market.

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In the next few years, leading automobile companies are likely to focus on upgrading their popular models with the view of strengthening their hold on the increasingly competitive market. This factor is also likely to spell growth for the global automotive intelligent park assist systems market in the next few years.

For providing a more detailed view of the automotive intelligent park assist systems market, the report segments it on the basis of criteria such as technology, component, and geography. On the basis of technology, the market has been covered for autonomous parking assist technology and semiautonomous parking assist. Based on key components of a typical automotive intelligent park assist systems, the market has been segmented into camera, ultrasonic sensor, ultrasonic sensor and camera. Geographically, the market has been examined for regions such as North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.

The study also includes the thorough business profiles of leading companies and an overview of the recent developments observed in the market in the past few years. Some of the leading companies operating in the market profiled in the report are ZF Friedrichshafen AG, Robert Bosch GmbH, Siemens AG, Continental AG, Toshiba Corporation, Magna International, HELLA GmbH & Co. KGaA, NXP Semiconductors, Delphi Automotive LLP, Aisin World Corp. of America, Clarion, and Valeo.

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