According to
a new market report published by Lucintel, 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 reach an estimated $2.1 billion by 2023
and it is forecast to grow at a CAGR of 15.9% from 2018 to 2023. 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.
By component type, camera and ultrasonic sensors
are the major segments of the automotive parking assistance system market. 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.
Emerging trends, which have a direct impact on
the dynamics of the 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. Continental AG, Robert Bosch GmbH, Denso
Corporation, ZF TRW Automotive Holdings Corporation, and Delphi Automotive PLC are
the major parking assistance system suppliers in the global automotive parking
assistance system market.
Lucintel, a leading global strategic consulting and market research
firm, has analyzed growth opportunities in the global automotive parking
assistance system market by component type, vehicle type, end user, and region.
Lucintel has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Automotive Parking Assistance System Market
2018-2023: Trends, Forecast, and Opportunity Analysis.” The
Lucintel report serves as a catalyst for growth strategy, as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global automotive parking assistance system
market by component type, vehicle type, end user, and region, as follows:
By Component Type
($ Million and Thousand Units from 2012 to 2023):
- Camera
- Ultrasonic Sensors
By Vehicle Type ($ Million and Thousand Units from
2012 to 2023):
- SUVs and crossovers
- Large Cars
- Mid-size Cars
- Others
By End Use ($ Million and Thousand Units from
2012 to 2023):
- OEM
- Aftermarket
By Region ($ Million and Thousand Units from 2012 to
2023):
- North America
o
US
o
Canada
o
Mexico
- Europe
o
Germany
o
France
o
Russia
o
United Kingdom
- Asia Pacific
o
China
o
Japan
o
South Korea
o
India
o
Indonesia
- The Rest of the World
o
Brazil
o
Argentina
This
232-page research report 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 email us at helpdesk@lucintel.com. Lucintel offerings include Mass
Transportation, Transportation
Market Report, SWOT
Matrix,
Due Diligence and
Mergers & Acquisitions.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
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 market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are
the emerging trends in this market and the reasons behind them?
Q.7. What are
some of the changing demands of customers in the market?
Q.8.
What are the new developments in the
market? Which companies are leading these developments?
Q.9.
Who are the major players in this
market? What strategic initiatives are key players pursuing for business
growth?
Q.10.
What are some of the competing products
in this 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 industry?
No comments:
Post a Comment