Global Automotive Park Assist Systems Market 2015-2019
About automotive PAS
Ever since the advent of electronics in automobiles, road safety has been a primary concern among consumers, governments and transport authorities, and automobile manufacturers. Vehicle, passenger, and pedestrian safety has gained attention, owing to a rise in the number of accidents worldwide and growing pressure from automotive regulatory bodies in countries such as the US, China, and India. This resulting in the commencing of driver assist systems, assuring enhanced safety compared to stand-alone passive safety and active safety systems. These driver assist systems are termed as life savior technology, as they help in reducing the severity of accidents, by warning the driver regarding the possible hazards and controlling the vehicle for some seconds in case of emergencies.
PAS have the capability to analyze and detect parking space, monitor the driver’s actions, and assist the driver in parking the vehicle. They help in protecting pedestrians and objects in the rear part of a vehicle by adjusting the parking angle and displaying the rear image on a display unit. These systems are enabled with ultrasonic sensors and cameras, which provide real-time information and assist the driver while parking the vehicle.
Technavio's analysts forecast the global automotive PAS market to grow at a CAGR of 11.76% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global automotive PAS market for the period of 2015-2019. To calculate the market size, the report considers the revenue generated from the sale of PAS by original equipment manufacturers (OEMs).
Technavio's report, Global Automotive PAS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, APAC, and ROW; it also covers the landscape of the global automotive PAS market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Automotive Park Assist Systems Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Automotive Park Assist Systems Market: Continental, Delphi, Bosch, Valeo and ZF Friedrichshafen
Other Prominent Vendors in the market are: Ford, Toyota, Denso, Magna International, Ficosa, Mando, and Renault.
Commenting on the report, an analyst from Technavio’s team said: “Presently, the automotive industry is focusing on the trend of integrating various systems that are beyond car maneuvering. The amount of sensors mounted in the present day automobiles are used to collect the information of the surrounding environment, traffic congestion, and the available parking spots, which can be shared with other drivers to make the roads traffic free and safer.”
According to the report, parallel parking of an automobile is considered a misery by many drivers. Even the experienced drivers tend to avoid parallel parking until, and unless, no other parking, i.e. angle or perpendicular parking, is available. With the amount of limited parking spaces in urban areas, parking a vehicle in a tiny space is a difficult task and it may lead to traffic jams.
Further, the report states that though automotive PAS offers various benefits to drivers and offers protection to the pedestrians and the vehicle, there is still the chances of malfunction, which may result in the failure of the system and may cause accidents.
Continental, Delphi, Bosch, Valeo, ZF Friedrichshafen, Ford, Toyota, Denso, Magna International, Ficosa, Mando, Renault.
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