Automotive Intelligence Park Assist System Market Size To Expand at a Notable CAGR Of 6.3% During 2019 – 2023.
Automotive Intelligence Park Assist System Market Research Report: Information by Technology (Autonomous and Semi-Autonomous Park Assist System), Component (Ultrasonic Sensors, Camera, And Ultrasonic Sensor & Camera), Vehicle Type (Passenger Car and Commercial Vehicle), and Region – Global Forecast till 2023
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Automotive Intelligence Park Assist System Market Overview:
Automotive Intelligence Park Assist System Market Size To Expand at a Notable CAGR Of 6.3% During 2019 – 2023. Automotive Intelligence Park Assist System (IPAS) is also known as Advance Parking Guidance System (APGS) in some countries. It is a system surrounded by electronic components such as sensors and is used in both, ICE and electrical vehicles. The automotive intelligence park assist system provides physical containment for various power components like semiconductors and helps to park the vehicle safely by tracking the parking area. The automotive intelligence park assist system comprises of onboard computer used camera fixed into the front and rear sides of the car and sensors positioned at similar locations notice the proximity of nearby vehicles. The sensors are electromagnetic or ultrasonic and are designed to alert the driver from obstacles while parking.
The demand for semi-autonomous and autonomous parking systems is boosting the automotive intelligence park assist system market favorably. The intensifying trend of vehicle electrification is projected to encourage the adoption of automotive intelligence park assist systems. Also, the swelling in traffic flows around the world is expected to push the market for automotive intelligence park assist systems.
Key Players:
- Siemens AG (Germany)
- Valeo (France)
- Robert Bosch GmbH (Germany)
- ZF Friedrichshafen AG (Germany)
- Magna International (Canada)
- Continental AG (Germany)
- NXP Semiconductors (Netherlands)
- Toshiba Corporation (Japan)
- HELLA GmbH & Co. KGaA (Germany)
- Delphi Automotive (Germany)
Automotive Intelligence Park Assist System Market Competitive Analysis
The market has obtained an incremental stride in the past few years, which is emphasized by the accomplishments in terms of valuation. The motive of properly bolstering the global economy is being driven through the development of this market as well. The global administrations have also contributed substantially towards the development of the market in current years. Also, the competition being noticed in the market is not unfavorable to the distinct player’s progress in the market. The market is well equipped to navigate the shifting tides, abrupt upheavals, and unexplored waters in the global economy. The fiscal inflows in the market are being focused towards growing the inventions in the central product offering presented in the market so that the development doesn’t go off in the approaching period. The rise of sponsors in the market has put on an essential role in the advancement of the market. The decrease in the barriers to trade is anticipated to extend innovative areas for development in the forthcoming years. The expansion of the resources required to withstand against competition has enhanced significantly leading to a record progress rate.
Segmentation:
The global automotive intelligence park assist system market is segmented on the basis of technology, component, and region.
On the basis of technology, the market has been segmented into autonomous and semi-autonomous parking assist.
On the basis of component, the market has been segmented into ultrasonic sensor, camera, and Ultrasonic Sensor & Camera.
On the basis of vehicle type, the market has been segmented into passenger car and commercial vehicle.
Regional Analysis:
Geographically, the Global Automotive Intelligence Park Assist System Market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to growing population, lack of parking space, and changing lifestyle of consumers across the region. Moreover, increased uses of electrification in vehicles is expected to boost the demand for automotive intelligence park assist system in this region. Furthermore, the rise in demand for safety features in vehicles and increasing investment by public and private players to develop automobile sector inbuilt with advance technology such as IoT, AI, ADAS, Sensors and other systems, are contributing in the growth of this market in this region.
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List of Tables
Table 1 Global Counter UAS Market, by Region, 2018–2023
Table 2 North America: Counter UAS Market, by Country, 2018–2023
Table 3 Europe: Counter UAS Market, by Country, 2018–2023
Table 4 Asia-Pacific: Counter UAS Market, by Country, 2018–2023
Table 5 Rest of the World: Counter UAS Market, by Region, 2018–2023
Table 6 Global Counter UAS, Platform Market, by Region, 2018–2023
Table 7 North America: Counter UAS, Platform Market, by Country, 2018–2023
Table 8 Europe: Counter UAS, Platform Market, by Country, 2018–2023
Table 9 Asia-Pacific: Counter UAS, Platform Market, by Country, 2018–2023
Table 10 Rest of the World: Counter UAS, Platform Market, by Region, 2018–2023
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List of Figures
FIGURE 1 Research Process of MRFR
FIGURE 2 Top-Down & Bottom-Up Approaches
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Counter UAS Market Share, by Platform, 2017 (%)
FIGURE 9 Global Counter UAS Market, by Platform, 2018–2023 (USD Million)
FIGURE 10 Global Counter UAS Market Share, by End-User, 2017 (%)
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