Automotive Parking Assistance System Market Report: Trends, Forecast and Competitive Analysis

Automotive Parking Assistance System Market Report: Trends, Forecast and Competitive Analysis

  • July 2020 •
  • 232 pages •
  • Report ID: 5360324 •
  • Format: PDF
Trends, opportunities and forecast in automotive parking assistance system market to 2025 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)

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.

PAS market technologies have evolved through number of stages as presented in figure below:
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

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, The analyst 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. What are some of the changing demands of customers in the automotive parking assistance system market?
Q.8. What are the new developments in the automotive parking assistance system market? Which companies are leading these developments?
Q.9. Who are the major players in this automotive parking assistance system market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this automotive parking assistance system market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activities have occurred in the last 5 years and what impact have they had on the automotive parking assistance system industry?

Report Scope
Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Pages 232
Market Representation / Units Revenue in US $ Billion and Volume in Thousand Units
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling

Market Segments 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)

Regional Scope North America (The United States, Canada, and Mexico), Europe (Germany, France, Russia, and the UK), Asia Pacific (China, Japan, South Korea, India, and Indonesia), and RoW (Brazil and Argentina)
Customization 10% Customization Without any Additional Cost