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The Impact of COVID-19 is included in Automotive Parking Assistance System Market. Buy it today to get an advantage.

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The future of the global automotive parking assistance system market looks promising with opportunities for SUVs and crossovers, large cars, and mid-size cars. The global automotive parking assistance system market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2.5 billion by 2025 with a CAGR of 12% to 14% from 2020 to 2025. The major drivers of growth for this market are increasing demand for assisted driving in constrained environments, and rising focus on safety and convenience, leading the OEMs to integrate the parking assistance systems into their vehicles.

 

Emerging trends, which have a direct impact on the dynamics of the automotive parking assistance system industry, include the introduction of valet parking systems, adoption of LiDAR in parking assist

systems, and the development of parking assistance systems for autonomous driving. 
 
A total of 151 figures / charts and 128 tables are provided in this 232 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this automotive parking assistance system market report, download the report brochure.

Automotive Parking Assistance System Market by Component, Vehicle, and End User
 

PAS market technologies have evolved through number of stages as presented in figure below:
 
Evolution of Automotive Parking Assistance System Technologies

Evolution of Automotive Parking Assistance System Technologies

In this market, camera is the largest market by technology, whereas SUVs and crossover is the largest by vehicle type. Growth in various segments of the automotive parking assistance system market are given below:

Automotive Parking Assistance System Market by Segments

Automotive Parking Assistance System Market by Segments

The study includes the market size and forecast for the automotive parking assistance system market through 2025, segmented by component type, vehicle type, end user, and region, as follows: 
 
Automotive Parking Assistance System Market by Component Type ($ Million and Thousand Units from 2014 to 2025)
  • Camera
  • Ultrasonic Sensors 
Automotive Parking Assistance System Market by Vehicle Type ($ Million and Thousand Units from 2014 to 2025) 
  • SUVs and crossovers
  • Large Cars
  • Mid-size Cars
  • Others
Automotive Parking Assistance System Market by End Use ($ Million and Thousand Units from 2014 to 2025)
  • OEM
  • Aftermarket                                 
Automotive Parking Assistance System Market by Region ($ Million and Thousand Units from 2014 to 2025)
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Russia
  • United Kingdom
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • The Rest of the World
  • Brazil
  • Argentina 
Some of the automotive parking assistance system companies profiled in this report include Continental AG, Robert Bosch GmbH, Denso Corporation, ZF TRW Automotive Holdings Corporation, and Delphi Automotive PLC and others.
 
On the basis of its comprehensive research, Lucintel forecasts that the camera segment will show above average growth during the forecast period. 
 
By vehicle type, SUVs and crossovers, large cars, and mid-size cars are the major segments of the automotive parking assistance system market. The SUV and crossover segment is expected to show above average growth during the forecast period. 
 
North America is expected to remain the largest region due to increasing vehicle production, government regulations for vehicle safety features, and increasing investment by the industry players within the North America region. Europe and North America are expected to witness significant growth over the forecast period because of rapidly increasing demand for advanced and high performance parking assistance systems. 
 
Some of the features of this report:
  • Market size estimates: Automotive parking assistance system market size estimation in terms of value ($M) volume (Thousand Units) shipment.
  • Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by segments and region.
  • Segmentation analysis: Automotive parking assistance system market size by various applications such as component, vehicle, and end user in terms of value and volume shipment.
  • Regional analysis: Automotive parking assistance system market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of automotive parking assistance system in the automotive parking assistance system market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of pharmaceutical packaging in the automotive parking assistance system market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:

 
Q.1. What are some of the most promising, high-growth opportunities for the automotive parking assistance system market by component type (camera and ultrasonic sensors), by vehicle type (SUVs and crossovers, large cars, mid-size cars, and others), end user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why? 
Q.3.  Which region will grow at a faster pace and why? 
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this automotive parking assistance system market? 
Q.5. What are the business risks and competitive threats in this automotive parking assistance system market?
Q.6. What are the emerging trends in this automotive parking assistance system market and the reasons behind them? 
Q.7.