An exciting new study from the team of Lucintel found that automotive parking assistance system market is expected to reach $2.5 billion by 2025 with a CAGR of 13.1%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The automotive parking assistance system market is segmented based on component type, vehicle type, end user, and region. In this market, camera is expected to remain the largest component type and SUVs and crossovers segment is expected to remain the largest vehicle type. Players can benefit from the available opportunities like increasing vehicle production, government regulations for vehicle safety features, and increasing investment by the industry players within the North America region.
The introduction of valet parking systems, adoption of LiDAR in parking assist systems, and the development of parking assistance systems for autonomous driving are emerging trends having impact on dynamics of the industry.
Continental AG, Robert Bosch GmbH, Denso Corporation, ZF TRW Automotive Holdings Corporation, and Delphi Automotive PLC are some of the major players profiled in this 232 page report.
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Some of the Key Questions answered in this exclusive report are:
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 What are the business risks and threats to the automotive parking assistance system market?
Q.4 What are some changing demands of customers in the automotive parking assistance system market?
Q.5 What are the new developments in the automotive parking assistance system market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this automotive parking assistance system area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this automotive parking assistance system market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
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