The sources of data and information mentioned in the AUTOMOTIVE INTELLIGENT PARK ASSIST SYSTEMS report are very reliable and include websites, annual reports of the companies, journals, and mergers which are checked and validated by the market experts. It also includes strategic profiling of top players in the market, wide-ranging analysis of their core competencies, and their strategies
This Market Report by Material, Application, and Geography – Global Forecast to 2026 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe, Middle East and Asia-Pacific)
Global automotive intelligent park assist systems market is expected to rise to an estimated value of USD 39.35 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. – Data Bridge Market Research”
Top Companies Covered in this Report: Robert Bosch GmbH; Aptiv; Clarion; Continental AG; Siemens; NXP Semiconductors; Valeo; ZF Friedrichshafen AG; Magna International Inc.; HELLA GmbH & Co. KGaA; TOSHIBA CORPORATION and Hitachi, Ltd.; Nissan; Park Assist, LLC; Groupe PSA; others
Key Developments in the Market:
In April 2019, TKH GROUP announced that they had agreed to acquire “ParkEyes”. This acquisition will enable TKH GROUP in providing parking assisting services and technologies based on artificial intelligence analysis, to offer an automated end-to-end solution to the parking industry. This acquisition will also help in improving the geographical presence of TKH GROUP in North America, Europe and Australia along with expanding their service offerings.
Analysis of the Market with Segment Outlook
The Automotive Intelligent Park Assist Systems Market research report segment had a significant market share and this trend is expected to continue over the Forecast period. Other factors like Market drivers, Restraints and Drivers.
- Ultrasonic Sensor
By Vehicle Type
- Passenger Cars (PC)
- Commercial Vehicles (CV)
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More about insights of the market report:
Automotive intelligent park assist system is the technological implementation of collective servicing of cameras, sensors and guidance systems based on artificial intelligence analysis. These technologies combine to provide the drivers and even autonomous vehicles with assistance in safe and effective parking of the vehicle, as it provides visualization of difficult places and senses obstructions in the way. The visualization and guidance is provided on a screen, generally embedded in the dashboard of the vehicle so that the user can easily view the obstructions and empty spaces.
Elucidation of the Market Drivers:
- Enhanced levels of safety and effectiveness with the integration autonomous technologies which has resulted in a larger base of manufacturers integrating it in their vehicles; this factor is expected to drive the growth of the market
- Significant rise in the levels of traffic globally, resulting in greater levels of accidents. Along with this the initiatives undertaken by the governments to reduce these accidents; this factor is expected to drive the growth of the market
- Increasing levels of integration of components, sensors and advanced levels of cameras resulting in better effectiveness in parking; is expected to drive the growth of the market
Geographical Division of the Market
The Promising Regions & Countries Mentioned In Automotive Intelligent Park Assist Systems Market Report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
Synopsis of the report
- The Automotive Intelligent Park Assist Systems Market also makes some important proposal for a new project in the market before evaluating its feasibility.
- So this report encourages you to differentiate the opportunities in worldwide Market by region.
- The report focuses on the volume and value at the global level, regional level and company level.
- It analyzes the opportunities in the market for business stakeholders by recognizing the high growth segments, threats, market drivers and risks involved.
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Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Automotive Intelligent Park Assist Systems Market Size
2.2 Automotive Intelligent Park Assist Systems Market Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Automotive Intelligent Park Assist Systems Market Size by Manufacturers
3.2 Automotive Intelligent Park Assist Systems Market Key Players Head office and Area Served
3.3 Key Players Automotive Intelligent Park Assist Systems Market Product/Solution/Service
3.4 Date of Enter into Automotive Intelligent Park Assist Systems Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Automotive Intelligent Park Assist Systems Market Sales by Product
4.2 Global Automotive Intelligent Park Assist Systems Market Revenue by Product
4.3 Automotive Intelligent Park Assist Systems Market Price by Product
5 Breakdown Data by End User
5.2 Global Automotive Intelligent Park Assist Systems Market Breakdown Data by End User
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