Press release
Automotive Intelligence Park Assist System Market: Demand for Semiautonomous Parking Assist Technology to Remain High
The significant increase in the traffic flow, leading to a substantial rise in the number of road accidents, is influencing the global market for automotive intelligent park assist systems remarkably. With the increasing concerns among people over safety and comfort across the world, the automobile manufacturers are encouraged to combine automotive intelligent park assist systems into their vehicles, resulting the considerable rise in the demand for automotive intelligent park assist systems across the world.
In the years to come, the key vendors of automotive intelligent park assist systems are projected to focus aggressively on upgrading their models in order to strengthen their presence in the market through integrating product differentiating technologies into vehicles. In 2016, the worldwide market for automotive intelligent park assist systems offered an opportunity worth US$22.30 bn. Analysts estimate it to rise at a healthy CAGR of 6.76% and reach a value of reach US$38.53 bn by the end of 2025.
Get PDF Sample of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40358
Demand for Semiautonomous Parking Assist Technology to Remain High
Based on the type of technology, the global market automotive intelligent park assist systems for autonomous parking assist and semiautonomous parking assist are the main segments of this market. In 2016, semiautonomous parking assist technology emerged as the segment leader, accounting for 60% of the market share, in terms of revenue.
Although the scenario will almost be same in the near future, the autonomous park assist segment is expected to demonstrate a higher growth rate. Autonomous park assist technology is projected to find significant application in North America and Europe in the years to come.
By component, the global automotive intelligence park assist system market is segregated into ultrasonic sensor, camera, and ultrasonic sensor and camera. In terms of revenue, the ultrasonic sensor and camera constituted more than 55% market share in 2016 and are expected to remain dominating over the next few years.
Download TOC@ https://www.transparencymarketresearch.com/report-toc/40358
Presence of Established Players in U.S. to Ensure North America’s Dominance
Geographically, the global automotive intelligence park assist system market is classified into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America emerged as the leading regional market for automotive intelligence park assist systems in 2016 with a share of more than 32%. Researchers expect the scenario to remain so in the near future. The uptake of advance automotive technology and the presence of global manufacturers in the U.S. will boost this regional market substantially.
Europe closely follows North America with nearly same market share. As Europe is known to the automotive hub, most of the advanced components find their invention centers located in European countries. Furthermore, the level of acceptance towards advanced driver assistance systems is fairly higher.
Preview Report @ https://www.transparencymarketresearch.com/automotive-intelligence-park-assist-system-market.html
The market for automotive intelligence park assist system is highly consolidate as each of the regional market is dominated by a select number of players. Toshiba Corp., Valeo, and Hitachi Ltd. are some of the leading players in this market. Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Delphi Automotive LLP, Siemens AG, Magna International, and Hella GmbH & Co. KGaA are some of the other prominent market participants.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/
In the years to come, the key vendors of automotive intelligent park assist systems are projected to focus aggressively on upgrading their models in order to strengthen their presence in the market through integrating product differentiating technologies into vehicles. In 2016, the worldwide market for automotive intelligent park assist systems offered an opportunity worth US$22.30 bn. Analysts estimate it to rise at a healthy CAGR of 6.76% and reach a value of reach US$38.53 bn by the end of 2025.
Get PDF Sample of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40358
Demand for Semiautonomous Parking Assist Technology to Remain High
Based on the type of technology, the global market automotive intelligent park assist systems for autonomous parking assist and semiautonomous parking assist are the main segments of this market. In 2016, semiautonomous parking assist technology emerged as the segment leader, accounting for 60% of the market share, in terms of revenue.
Although the scenario will almost be same in the near future, the autonomous park assist segment is expected to demonstrate a higher growth rate. Autonomous park assist technology is projected to find significant application in North America and Europe in the years to come.
By component, the global automotive intelligence park assist system market is segregated into ultrasonic sensor, camera, and ultrasonic sensor and camera. In terms of revenue, the ultrasonic sensor and camera constituted more than 55% market share in 2016 and are expected to remain dominating over the next few years.
Download TOC@ https://www.transparencymarketresearch.com/report-toc/40358
Presence of Established Players in U.S. to Ensure North America’s Dominance
Geographically, the global automotive intelligence park assist system market is classified into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America emerged as the leading regional market for automotive intelligence park assist systems in 2016 with a share of more than 32%. Researchers expect the scenario to remain so in the near future. The uptake of advance automotive technology and the presence of global manufacturers in the U.S. will boost this regional market substantially.
Europe closely follows North America with nearly same market share. As Europe is known to the automotive hub, most of the advanced components find their invention centers located in European countries. Furthermore, the level of acceptance towards advanced driver assistance systems is fairly higher.
Preview Report @ https://www.transparencymarketresearch.com/automotive-intelligence-park-assist-system-market.html
The market for automotive intelligence park assist system is highly consolidate as each of the regional market is dominated by a select number of players. Toshiba Corp., Valeo, and Hitachi Ltd. are some of the leading players in this market. Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Delphi Automotive LLP, Siemens AG, Magna International, and Hella GmbH & Co. KGaA are some of the other prominent market participants.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
