Automotive Intelligence Park Assist System Market: Demand for Semiautonomous Parking Assist Technology to Remain High
Get PDF Sample for this Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=40358
According to the research study, the worldwide market for automotive intelligent park assist systems offered an opportunity worth US$22.30 bn in 2016. Analysts at TMR 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 the forecast period. Currently, semiautonomous parking assist technology is witnessing a higher adoption and the trend is predicted to continue over the forthcoming years. However, autonomous parking assist technology will also report a steady rise in its demand in the near future, especially in developed economies of North America and Europe. In terms of the region, North America has acquired the leadership with the U.S. emerging as the most prominent domestic market for automotive intelligent park assist systems across the world. Researchers expect this scenario to stay so over the next few years, states the market report.
Get more Information about this Report: https://globenewswire.com/news-release/2018/03/07/1417719/0/en/Automotive-Intelligence-Park-Assist-System-Market-to-be-worth-US-38-53-bn-by-2025-Leading-Players-to-Benefit-from-Involving-in-Strategic-Alliances-Says-TMR.html
“With the increasing traffic flow, resulting in a significant increase in the number of road accidents, the demand for automotive intelligent park assist systems has increased substantially,” says the author of this study. As the concerns regarding safety and comfort among people across the world increase, the automakers are encouraged to integrate automotive intelligent park assist systems into their vehicles, which is reflecting greatly on the global market for automotive intelligent park assist systems.
Ask for a Special Discount on this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=40358
Over the coming years, the key manufacturers are expected to focus on upgrading their models, so as to maintain their presence in the market through product differentiating technologies integration into the vehicles, reports the market study.
High Cost Incurred in Installation to Hamper Growth
On the flip side, the high cost of installation of automotive intelligent park assist systems may limit their uptake in the near future. However, the increasing number of government regulations for passenger safety will support the growth of this market in the years to come, states the research report.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
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: 993473 • Views: 182
More Releases from Transparecny Market Research
Interventional Pulmonology Market Set to Witness Huge Growth by 2019-2027
Global Interventional Pulmonology Market: Overview Interventional pulmonology is a branch of medical science that deals with minimally invasive medical procedures carried out under image guidance by interventional pulmonologists for the diagnosis, treatment, and palliation of different types of pulmonary disorders. Interventional pulmonology procedures involve usage of different image guided techniques such as computed tomography, fluoroscopy, and ultrasound to diagnose and treat the specific site affected with pain or cancer. Interventional pulmonology
Airway Management Devices Market set to witness surge in demand over the forecas …
According to the new research report by Transparency Market Research, the global airway management devices market was initially valued at US$832 mn back in 2017. The research report expects the global market to exhibit a CAGR of 4.8% for the projection period of 2018 to 2026. With this rate of growth, the valuation of the airway management devices market is projected to elevate to US$1,266 mn by the end of
Freeze and Thaw Systems Market set to witness surge in demand over the forecast …
Freeze and Thaw Systems Market – Overview The global freeze and thaw systems market is currently in its nascent stage. However, it has a huge potential to be one of the key healthcare product markets. The market is on course to achieve a stellar growth over the course of the given forecast period. With the growing needs of the biopharmaceutical companies, the freeze and thaw systems market is expected to show
Medical Waste Management Market Growth Trends, In-depth Analysis, Business Strat …
Medical Waste Management Market: Overview This report studies the current as well as future prospects of the global medical waste management market. Stakeholders of this report include companies and intermediaries engaged in the medical waste management services as well as new entrants planning to enter this market. This research study analyzes the global market for medical waste management in terms of revenue (US$ Mn). For the research, 2016 has been considered as
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Subsea Boosting Systems Market Analysis : TMR
Due to a limited number of manufacturers of subsea boosting systems, the degree of competition in the global subsea boosting systems market is expected to substantially increase, reports Transparency Market Research (TMR) in a new study. The leading manufacturers of subsea boosting systems are focusing on pricing strategies to attract consumers and maintain their leading position in the industry. The top three companies, FMC Technologies, OneSubsea, and GE Oil &
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the