Global Automotive Intelligent Park Assist System Market 2021-2025

Global Automotive Intelligent Park Assist System Market 2021-2025

Technavio has been monitoring the automotive intelligent park assist system market and it is poised to grow by 16.45 mn units during 2021-2025, progressing at a CAGR of about 24% during the forecast period. Our report on automotive intelligent park assist system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing use of rear-view cameras in vehicles, increasing demand for safety solutions in vehicles, and increasing demand for autonomy of vehicles by OEMs. In addition, increasing use of rear-view cameras in vehicles is anticipated to boost the growth of the market as well.

The automotive intelligent park assist system market analysis includes technology segment and geographic landscape.

Technavio's automotive intelligent park assist system market is segmented as below:

By Technology

• Semi-autonomous
• Fully autonomous

By Geography

• Europe
• North America
• APAC
• South America
• MEA

This study identifies the integration of intelligent park assist system with other automotive technologies and systems as one of the prime reasons driving the automotive intelligent park assist system market growth during the next few years. Also, integration of intelligent park assist system with cloud and increasing use of wide-angle camera technology in intelligent park assist system will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on automotive intelligent park assist system market covers the following areas:

• Automotive intelligent park assist system market sizing
• Automotive intelligent park assist system market forecast
• Automotive intelligent park assist system market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive intelligent park assist system market vendors that include Aisin Corp, Aptiv Plc, Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Magna International Inc., Panasonic Corp., Robert Bosch GmbH, Valeo SA, and ZF Friedrichshafen AG. Also, the automotive intelligent park assist system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.