Automotive Intelligence Park Assist System Market by Application (Semi-Autonomous, Autonomous), by Vehicle Type (Passenger Cars, Commercial Vehicles), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by MEA (Middle East, Africa) Forecast 2024-2032
The Automotive Intelligence Park Assist System Market size was valued at USD 8.6 USD Billion in 2023 and is projected to reach USD 10.94 USD Billion by 2032, exhibiting a CAGR of 3.5 % during the forecast period. Automotive intelligence park assist system is an advanced driver assistance system (ADAS), which is designed to provide smart parking feature in a vehicle. This system provides safety & security to the vehicle as well as assists drivers in parking their vehicles. Automotive intelligence park assist system includes a combination of camera, in-dash screen, buttons, sensors, and other controls, which enable the car to steer itself into a parking space with little input from the user. Intelligence park assist system installed in a vehicle automatically operates the steering, leaving the driver free to concentrate on operating the accelerator and brakes and checking the surroundings. The system utilizes footage from the around view monitor, which gives drivers a virtual bird's-eye view of the vehicle, allowing drivers to more easily park their vehicles. Factors, such as increased parking concern across the globe, surge in demand for Internet of Things (IoT) based technology, and increase in number of vehicles, supplement the growth of the global automotive intelligence park assist system market.
Strengths:
Weaknesses:
Opportunities:
Threats:
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.5% from 2018-2032 |
Segmentation |
|
Office no. A 5010, fifth floor, Solitaire Business Hub, Near Phoenix mall, Pune, Maharashtra 411014
Craig Francis
Business Development Head
+44 1223 92 666
sales@advancemarketanalytics.com
get latest updates and offers.