New Research: Lucintel Predicts a Bright Future for the Automotive Parking Assistance System Market

Did you know that Lucintel recently published a market research report entitled “Automotive Parking Assistance System Market Report: Trends, Forecast, and Competitive Analysis”?
This market report for automotive parking assistance system identifies and predicts future opportunities for growth in the global automotive parking assistance system industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for automotive parking assistance system in SUVs and crossovers, large cars, and mid-size cars.
According to Lucintel’s market report, the global automotive parking assistance system market is expected to reach an estimated $2.1 billion by 2023 and it is forecast to grow at a CAGR of 15.9% from 2018 to 2023. Some of the dominant players in the global automotive parking assistance system market are Continental AG, Robert Bosch GmbH, Denso Corporation, ZF TRW Automotive Holdings Corporation, and Delphi Automotive PLC and others.
There are some interesting developments in the global automotive parking assistance system market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include the introduction of valet parking systems, adoption of LiDAR in parking assist systems, and the development of parking assistance systems for autonomous driving.
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