NEW YORK, April 4, 2018 /PRNewswire/ -- Trends, opportunities and forecast in automotive parking assistance system market to 2023 by component type (camera and ultrasonic sensors), by vehicle type (SUVs and crossovers, large cars, mid-size cars, and others), end user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Read the full report: https://www.reportlinker.com/p05360324
The future of the global automotive parking assistance system market looks promising with opportunities for SUVs and crossovers, large cars, and mid-size cars. The global automotive parking assistance system market is expected to reach an estimated $2.1 billion by 2023 and it is forecast to grow at a CAGR of 15.9% from 2018 to 2023. The major drivers of growth for this market are increasing demand for assisted driving in constrained environments, and rising focus on safety and convenience, leading the OEMs to integrate the parking assistance systems into their vehicles.
Emerging trends, which have a direct impact on the dynamics of the automotive parking assistance system industry, include the introduction of valet parking systems, adoption of LiDAR in parking assist systems, and the development of parking assistance systems for autonomous driving.
Automotive Parking Assistance System Market TrendsAutomotive Parking Assistance System Market Forecast
Growth Opportunities for the Global Automotive Parking Assistance System Market by Region
The study includes the market size and forecast for the global automotive parking assistance system market through 2023, segmented by component type, vehicle type, end user, and region, as follows:
Automotive Parking Assistance System Market by Component Type ($ Million and Thousand Units from 2012 to 2023)
Camera Ultrasonic Sensors
Automotive Parking Assistance System Market by Vehicle Type ($ Million and Thousand Units from 2012 to 2023)
SUVs and crossovers Large Cars Mid-size Cars Others
Automotive Parking Assistance System Market by End Use ($ Million and Thousand Units from 2012 to 2023)
OEM Aftermarket
Automotive Parking Assistance System Market by Region ($ Million and Thousand Units from 2012 to 2023)
North America US Canada Mexico Europe Germany France Russia United Kingdom Asia Pacific China Japan South Korea India Indonesia The Rest of the World Brazil Argentina
Some of the automotive parking assistance system companies profiled in this report include Continental AG, Robert Bosch GmbH, Denso Corporation, ZF TRW Automotive Holdings Corporation, and Delphi Automotive PLC and others.
On the basis of its comprehensive research, Lucintel forecasts that the camera segment will show above average growth during the forecast period.
By vehicle type, SUVs and crossovers, large cars, and mid-size cars are the major segments of the automotive parking assistance system market. The SUV and crossover segment is expected to show above average growth during the forecast period.
North America is expected to remain the largest region due to increasing vehicle production, government regulations for vehicle safety features, and increasing investment by the industry players within the North America region. Europe and North America are expected to witness significant growth over the forecast period because of rapidly increasing demand for advanced and high performance parking assistance systems.
Some of the features of "Automotive Parking Assistance System Market Report: Trends, Forecast and Competitive Analysis" include:
Market size estimates: Global automotive parking assistance system market size estimation in terms of value ($M) volume (Thousand Units) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by segments and region.
Segmentation analysis: Global automotive parking assistance system market size by various applications such as component, vehicle, and end user in terms of value and volume shipment.
Regional analysis: Global automotive parking assistance system market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of automotive parking assistance system in the global automotive parking assistance system market.
Strategic analysis: This includes M&A, new product development, and competitive landscape of pharmaceutical packaging in the global automotive parking assistance system market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive parking assistance system market by component type (camera and ultrasonic sensors), by vehicle type (SUVs and crossovers, large cars, mid-size cars, and others), end user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this automotive parking assistance system market?
Q.5. What are the business risks and competitive threats in this automotive parking assistance system market?
Q.6. What are the emerging trends in this automotive parking assistance system market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the automotive parking assistance system market?
Q.8. What are the new developments in the automotive parking assistance system market? Which companies are leading these developments?
Q.9. Who are the major players in this automotive parking assistance system market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this automotive parking assistance system market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activities have occurred in the last 5 years and what impact have they had on the automotive parking assistance system industry?
Read the full report: https://www.reportlinker.com/p05360324
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
The global automotive parking assistance system market is expected to reach an estimated $2.1 billion by 2023 and it is forecast to grow at a CAGR of 15.9% from 2018 to 2023
Reportlinker
14:43 ET
View original content: