Global Automotive Intelligence Park Assist System Market by Technology (Autonomous Parking Assist and Semi-autonomous Parking Assist), by Component (Ultrasonic Sensor, Camera, Ultrasonic Sensor and Camera), By Vehicle Type (Passenger Car, Commercial Vehicles), By Region, Global Forecast 2020-2026
- Published Date: January 2020
- Report ID: BWC19385
- Available Format: PDF
- Page: 210
Global Automotive Intelligence Park Assist System Market: An Overview
Parking Assist Systems helps drivers easily park the crowded parking lots in order to avoid hanging and collisions. 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 supports easier parking. The growth of the market has been from simple assistance to integrated automatic parking. The Global Automotive intelligence parking assist systems market is expected to be valued worth USD 30 billion by 2026, reporting a CAGR of over 7 per cent during the forecasted period from 2020-2026.
Global Automotive Intelligence Park Assist System Market: Market Dynamics
Automotive Intelligence Park Assist System is also known as Advanced Parking Guidance system (APGS) in some countries. It is a system surrounded by electronic components such as ICE, Sensors and electrical Vehicles. The automotive Intelligence park assist system provides physical regulations for various power components like semiconductors and helps to park the vehicle safely by tracking the parking area. The automotive intelligence park assist system comprises of onboard computer used camera fixed into the front and rear sides of the car and sensors positioned at similar locations notice the proximity of nearby vehicles. The sensors are electromagnetic or ultrasonic and are designed to alert the driver from obstacles while parking.
The major driving factor responsible for the growth of this market are developing commercial sectors globally, increasing uses of wide angle camera technology in vehicles and rising trend of vehicle electrification and the government initiative to reduce road accidents. Growing demand for autonomous and semi-autonomous parking systems, complex design of the system and automotive intelligence park systems are few of the other factors driving the growth of the market in 2019. Rising number of manufacturers integrating intelligence park assist systems technology in vehicles, power savings and skilled labor are key factors that can support the expansion of the Global Automotive Intelligence Park Assist System Market in the forecasted period. Another major key factor considered for the growth of the market is the growing competition between Automotive Intelligence Park Assist System service providers and increasing support from the local government to employ safety systems in automobiles. These factors have stimulated the global players to develop and design the Automotive Intelligence Park Assist Systems as per the guidelines set by governing bodies operating in automotive and semiconductor sector in various regions.
Global Automotive Intelligence Park Assist System Market: Market Segmentation
On the basis of Technology, the global Automotive Intelligence Park Assist System Market can be classified as Autonomous Parking Assist and Semi-autonomous Parking Assist. On the basis of Component, the Global Automotive Intelligence Park Assist System Market can be classified as Ultrasonic Sensor, Camera, Ultrasonic Sensor and Camera and on the basis of Vehicle Type, the Global Automotive Intelligence Park Assist System Market can be bifurcated as Passenger Car and Commercial Vehicles. In 2019, Autonomous parking assist segment has contributed the largest share to the Global Automotive Intelligence Park Assist System Market owning to advancement in automobile technology and requirement for safe vehicle parking.
Global Automotive Intelligence Park Assist System Market: Regional Landscape
North America, Europe, Asia-Pacific, Middle East and Africa and Latin America are few of the key regions where the Global Automotive Intelligence Park Assist System Market can be witnessed. North America emerged as a leading regional market for Automotive Intelligence Park Assist System Market in 2019 with a share of more than 35 per cent. The growth of the region can be attributed to factors such as rise in advanced automotive technology and the presence of global manufacturers in the US. Another emerging area in the Global Automotive Intelligence Park Assist System Market is Europe owing to presence of advanced components invention centers in the region.
Global Automotive Intelligence Park Assist System Market: Key Market Players
Robert Bosch GmbH, ZF Friedrichafen AG, Delphi Automotive LLP, Continental AG, Siemens AG, Magna International, Valeo, Hella GmbH and Co. KGaA, Clarion, NXP Semiconductors and Toshiba Corporation are few of the key players in the Global Automotive Intelligence Park Assist System Market.
Business Questions Answer by the Report
· How will the market drivers, restraints and opportunities affect the market dynamics?
· What will be the market size in terms of value and volume and market statistics with a detailed classification?
· Which segment dominates the market or region and one will be the fastest growing and why?
· A comprehensive survey of the competitive landscape and the market participant players.
· Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority and that’s why BlueWeave Consulting offers customization according to company’s specific needs. The following customization options are available for the report:
Additional Company Information
· With five additional company detail analysis
· Additional country analysis
· Detailed segment analysis
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Automotive Intelligence Park Assist System Market - Industry Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.2. Technological Landscape
4.3. Regulatory Framework
4.4. Company Market Share Analysis, 2019
4.5. Porter’s Five Forces Analysis
4.6. Pest Analysis
4.7. Strategic Outlook
5. Global Automotive Intelligence Park Assist System Market Overview
5.1. Market Size & Forecast
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2020 – 2026
5.2.1. By Technology
126.96.36.199. Autonomous Parking Assist
188.8.131.52. Semi-autonomous Parking Assist
5.2.2. By Component
184.108.40.206. Ultrasonic Sensor
220.127.116.11. Ultrasonic Sensor
5.2.3. By Vehicle Type
18.104.22.168. Passenger Car
22.214.171.124. Commercial Vehicles
5.2.4. By Region
126.96.36.199. North America
188.8.131.52. Latin America
184.108.40.206. Middle East and Africa
6. North America Automotive Intelligence Park Assist System Market
6.1. Market Estimates & Forecast, 2020 - 2026
6.1.1. By Technology
6.1.2. By Component
6.1.3. By Vehicle Type
7. Europe Automotive Intelligence Park Assist System Market
7.1. Market Estimates & Forecast, 2020 - 2026
7.1.1. By Technology
7.1.2. By Component
7.1.3. By Vehicle Type
8. Asia Pacific Automotive Intelligence Park Assist System Market
8.1. Market Estimates & Forecast, 2020 - 2026
8.1.1. By Technology
8.1.2. By Component
8.1.3. By Vehicle Type
9. Latin America Automotive Intelligence Park Assist System Market
9.1. Market Estimates & Forecast, 2020 - 2026
9.1.1. By Technology
9.1.2. By Component
9.1.3. By Vehicle Type
10.Middle East and Africa Automotive Intelligence Park Assist System Market
10.1. Market Estimates & Forecast, 2020 - 2026
10.1.1. By Technology
10.1.2. By Component
10.1.3. By Vehicle Type
11.Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
11.1. Robert Bosch GmbH
11.2. ZF Friedrichafen AG
11.3. Delphi Automotive LLP
11.4. Continental AG
11.5. Siemens AG
11.6. Magna International
11.8. Hella GmbH and Co. KGaA
11.10. NXP Semiconductors
11.11. Toshiba Corporation
*Financial Details Not Be Captured in Case of Unlisted Companies
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable.
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