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. The increasing vehicle fleet and limited parking areas are driving the global intelligent parking assist systems market. However, the high cost of installation is a major challenge that may hamper market growth.
The Global Automotive Intelligence Park Assist System market is segmented by vehicle, sensor, technology, and region. In terms of technology type, the market includes autonomous parking assist and semi-autonomous parking assist. Current market trends indicate that the demand for semi-autonomous parking assist technology is quite large and this segment is expected to dominate until 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 major automobile producers globally and has strict vehicle safety rules, which are expected to boost the market for Automotive Intelligence Park Assist Systems through 2028.
Browse report (Global Automotive Intelligent Park Assist Systems Market, By Vehicle Type (Passenger Cars and Commercial Vehicles), By Sensor Component (Ultrasonic Sensor, Camera and Ultrasonic Sensor & Camera), By Technology (Autonomous Parking Assist and Semi-Autonomous Parking Assist), By Company and By Geography, Forecast & Opportunities, 2028) – https://www.techsciresearch.com/report/automotive-intelligent-park-assist-systems-market/3232.html
Some of the leading players in the global automotive intelligent parking assist 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, Magna International, Delphi Automotive LLP, and Clarion.
- To analyse and forecast the market size of Automotive Intelligence Park Assist System Market, in terms of value and volume
- To classify and forecast Global Automotive Intelligence Park Assist System Market based on vehicle type, sensor technology, technology type and regional distribution.
- To identify drivers and challenges for Global Automotive Intelligence Park Assist System Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Automotive Intelligence Park Assist System Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Automotive Intelligence Park Assist System.
TechSci Research conducted both primary and exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers worldwide. Subsequently, TechSci Research 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 collaboration manufacturers worldwide.
TechSci Research calculated the market size of the Global Automotive Intelligence Park Assist System Market using a bottom-up approach, where data for various OEMs and their applications across vehicle types were recorded and forecast for future years. TechSci Research sourced 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.
Key Target Audience:
- Manufacturers of Automotive Intelligence Park Assist System
- Automotive OEMs
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Report Scope:
In this report, Global Automotive Intelligence Park Assist System Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Automotive Intelligence Park Assist System Market, By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Global Automotive Intelligence Park Assist System Market, By Sensor:
- Ultrasonic Sensor
- Camera
- Ultrasonic Sensor & Camera
- Global Automotive Intelligence Park Assist System Market, By Technology:
- Autonomous Intelligent Parking Assist
- Semi-Autonomous Intelligent Parking Assist
- Global Automotive Intelligence Park Assist System Market, by Region:
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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