Automotive Intelligence Park Assist System Market – Overview
The emerging commercial sectors are anticipated to boost the demand for automotive intelligence park assist systems. Reports that explore the automobile industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is channeling a CAGR of 6.3 % roughly in the forecast period.
The demand for semi-autonomous and autonomous parking systems is boosting the automotive intelligence park assist system market favorably. The intensifying trend of vehicle electrification is projected to encourage the adoption of automotive intelligence park assist systems. Also, the swelling in traffic flows around the world is expected to push the market for automotive intelligence park assist systems.
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Segmental Analysis
The segmentation of the automotive intelligence park assist system market is conducted on the basis of component, technology, and region. Based on the technology, the automotive intelligence park assist system market has been segmented into semi-autonomous and autonomous parking assist. By component, the automotive intelligence park assist system market has been segmented into camera, ultrasonic sensor, and ultrasonic sensor & camera. On the basis of vehicle type, the automotive intelligence park assist system market has been segmented into passenger car and commercial vehicle. Based on the region, the automotive intelligence park assist system market has been segmented into Europe, North America, APAC, and the Rest of the World.
Detailed Regional Analysis
The regional scrutiny of the automotive intelligence park assist system consists regions such as Europe, North America, APAC, and the Rest of the World. The Asia Pacific region is assessed to hold the principal market portion throughout the forecast period due to increasing population, a dearth of parking space, and altering lifestyles of consumers across the region. Furthermore, augmented uses of electrification in vehicles are anticipated to lift the demand for automotive intelligence park assist system in this region. Also, the growth in demand for safety features in vehicles and growing investment by public and private companies to develop the automobile sector inbuilt with enhanced technology such as AI, IoT, ADAS, sensors and other systems, are promoting the growth of the automotive intelligence park assist system market in this region.
Competitive Analysis
The market has obtained an incremental stride in the past few years, which is emphasized by the accomplishments in terms of valuation. The motive of properly bolstering the global economy is being driven through the development of this market as well. The global administrations have also contributed substantially towards the development of the market in current years. Also, the competition being noticed in the market is not unfavorable to the distinct player’s progress in the market. The market is well equipped to navigate the shifting tides, abrupt upheavals, and unexplored waters in the global economy. The fiscal inflows in the market are being focused towards growing the inventions in the central product offering presented in the market so that the development doesn’t go off in the approaching period. The rise of sponsors in the market has put on an essential role in the advancement of the market. The decrease in the barriers to trade is anticipated to extend innovative areas for development in the forthcoming years. The expansion of the resources required to withstand against competition has enhanced significantly leading to a record progress rate.
The renowned contenders in the automotive intelligence park assist system are Valeo (France), Robert Bosch GmbH (Germany), Magna International (Canada), Siemens AG (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Toshiba Corporation (Japan), HELLA GmbH & Co. KGaA (Germany), NXP Semiconductors (Netherlands), and Delphi Automotive (Germany)
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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