openPR Logo
Press release

Automotive Intelligence Park Assist System Market: Demand for Semiautonomous Parking Assist Technology to Remain High

08-01-2018 04:39 PM CET | Logistics & Transport

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Automotive Intelligence Park Assist System Market: Demand

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 @

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@

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 @

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.


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
Research Blog:

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Intelligence Park Assist System Market: Demand for Semiautonomous Parking Assist Technology to Remain High here

News-ID: 1157571 • Views: 912

More Releases from Transparency Market Research

Analysis of COVID-19 Crisis-driven Growth Opportunities in Water Pump Market- St …
The inorganic growth of businesses reduces the competition between the sector in the market for water pumps. New product growth, technological developments in products and acquisitions by worldwide conglomerates of smaller players are characteristic for the industry of water pumps. Obtain Report Details @ But tiny, unorganized players who are able to develop and market economically efficient products to serve increasing customer pools in the emerging economies also face less serious
TMR Analyzes Impact of Outbreak of COVID-19 on FPSO Equipment Market Statistics, …
The global floating production storage and offloading FPSO market is competitive and segmented. Transparency Market Research Market (TMR) report states that there are a few major players in the industry who are relentlessly developing new and innovative designs to penetrate the global market during the forecast period. Obtain Report Details @ These prominent players are focused on introducing new strategies like collaborations and partnerships to provide new in the global
Analysis of Potential Impact of COVID-19 on Medical Nutrition Market - Industry …
Medical Nutrition Market: Complementarity of Pharmacology & Nutrition to Augur Well for Growth As old health rules are overturned, a physiological approach that starts from health in place of disease is gaining high emphasis. Hippocrates quote, ‘Let food be thy medicine and medicine be thy food’ has been put into practice, as individuals are considering medical nutrition and food for enhancing health and treating disease, despite the developments procured in the
Biotech Flavors Market Valuation to reach US$ 3 Bn by 2029
According to a new study by TMR, the sales of biotech flavors are estimated to reach 134,422 metric tons in 2019. The biotech flavors market is projected to record a Y-o-Y growth of ~9% during the forecast period. Growth of the biotech flavors market remains driven by a slew of aspects, which range from increased market demand for clean label products and changing regulations in the food and beverage industry,

All 5 Releases

More Releases for America

Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles ( and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the