Global Automotive Intelligence Park Assist System Market are by technology (autonomous parking assist, semiautonomous parking assist).by component (ultrasonic sensor, camera, ultrasonic sensor & camera).by vehicle type (passenger cars, commercial vehicles) Region-wise (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) is expected to reach US$ 35.0Bn by 2026, at a CAGR of 7.25% during a forecast period.
The parking assist system is an essential application of the car active collision avoidance system in low-speed and urban complex environments, and it is also an intelligent embodiment of the car active collision avoidance system. The emergence of parking assist systems has prepared parking easier and easier. The growth is from simple assistance to integrated automatic parking. Their drive is to assistance easily get in the crowded parking lot.
Semiautonomous segments is dominating global automotive intelligence park assist system market.
The systems’ support continued when more forward and backward motions were needed to reach the pre-calculated parking position. The driver could monitor the complete procedure on the display in the upper centre console. Additionally, the car was fitted with a distance control system to check the distance to any neighbouring objects using ultrasonic sound (UPA, Ultrasonic Park Assist).
The North America has largest market share for global automotive intelligence park assist system market during forecast period.
North America emerged as the leading regional market for automotive intelligence park assist systems in 2017 with a share of more than 35%. Researchers expect the scenario to remain so in the upcoming future. The uptake of advanced automotive technology and the presence of global manufacturers in the U.S. will increase this regional market substantially.
Key players in the automotive intelligence park assist system market include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Delphi Automotive LLP, Siemens AG, Valeo, Magna International, HELLA GmbH & Co. KGaA, TOSHIBA CORPORATION, Clarion, NXP Semiconductors, Aisin World Corp. of America and others.
Maximize market research, a Global market research firm with a dedicated team of specialists and data has carried out extensive research about the global automotive intelligence park assist system market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global automotive intelligence park assist system market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global automotive intelligence park assist system market positioning of competitors.
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