Industry
Insight
According
to Market Research Future (MRFR), the Automotive Intelligence Park
Assist System Market is projected to touch a valuation of
US$22.30 Billion by 2023, growing at 6.3% CAGR throughout the forecast period
(2018-2023). At this pace, the opportunities in the worldwide Automotive
Intelligence Park Assist System market are
estimated to swell up with high valuation by the end of the year 2023.
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Impacting Factors: Automotive Intelligence Park Assist System
The study signifies that a significant rise in the traffic flow has led to a substantial rise in the number of road accidents, which is influencing the global automotive intelligent park assist systems market remarkably. Also, with the rising concerns among people over safety and comfort across the globe, automobile manufacturers are encouraged to combine automotive intelligent park assist systems into the vehicles and resulting in a massive rise in the demand for automotive intelligent park assist systems worldwide.
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Market Contenders
The
global automotive intelligence park assist system market is highly consolidated
as each of the regional markets is led by some of the best market
contenders. Valeo (France), Siemens AG (Germany), ZF
Friedrichshafen AG (Germany), Robert Bosch GmbH (Germany), Continental AG
(Germany), Magna International (Canada), Delphi Automotive (Germany) Toshiba
Corporation (Japan), HELLA GmbH & Co. KGaA (Germany), NXP Semiconductors
(Netherlands), are some of the prominent names listed in MRFR’s study.
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Segmentation
of Market: Automotive Intelligence Park Assist System
- Depending on the technology segment,
the market has been segregated into autonomous and semi-autonomous parking
assist.
- Depending on the component segment, the
market has been segregated into the camera, ultrasonic sensor, and Ultrasonic
Sensor & Camera.
- Depending on the vehicle type, the
market is segmented among the passenger car and commercial vehicle.
Regional
Framework
The region of North America, by the study, emerged as the leading regional market for automotive intelligence park assist systems back in 2016 and has a share of more than 32%. Researchers expect the scenario to remain similar in future timeframe. The uptake of advance automotive technology and the existence of global manufacturers in the U.S. will further boost this regional market substantially.
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Major
Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Automotive intelligence park assist
systems Market Segmentation
Continued…
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