Global automotive park assist systems market 2014-2018

Research and Markets’ latest report, Global Automotive Park Assist Systems Market 2014-2018, forecasts the global automotive park assist systems market to grow at a CAGR of 6.53 per cent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for various advanced driver assistance systems (ADAS). The global automotive park assist systems market has also been witnessing the increasing adoption of camera-based systems. However, the recent economic slowdown
May 2, 2014 Read time: 2 mins
7527 Research and Markets’ latest report, Global Automotive Park Assist Systems Market 2014-2018, forecasts the global automotive park assist systems market to grow at a CAGR of 6.53 per cent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for various advanced driver assistance systems (ADAS). The global automotive park assist systems market has also been witnessing the increasing adoption of camera-based systems. However, the recent economic slowdown could pose a challenge to the growth of this market.

The report has been prepared based on an in-depth market analysis with inputs from industry experts and covers the Americas, and the EMEA and APAC region. It also covers the global automotive park assist systems market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market, including 7207 Delphi Automotive, Denso, 226 Hella Kgaa Hueck, 5026 Magna International, and Robert 311 Bosch, 6773 Aisin Seiki, Gentex, 598 Panasonic and Valeo.

Commenting on the report, an analyst from the team said: “The global automotive park assist systems market is driven by customer demand for rear view camera systems. As a result, these devices are becoming increasingly common as vehicle safety features. The EU and the US are in the process of making rear view camera systems mandatory in the near future. Moreover, the European new car assessment program standards actively promote pedestrian safety. In the US, the 834 National Highway Traffic Safety Administration has proposed a mandate that requires all passenger vehicles to implement rear-facing camera technology. The regulation is aimed at addressing the issue of blind zones behind vehicles. It is estimated that this legislation will spread globally in the coming years, resulting in increased demand for vehicle cameras.”
Location Based Systems

For more information on companies in this article

Related Content

  • European e-call and Russian Era-Glonass interoperability demonstrated
    July 15, 2014
    To demonstrate the interoperability between the European eCall system and the Russian Era-Glonass system, Glonass Union, VTT, Gemalto and Fujitsu Ten recently participated in live simultaneous demonstrations in Europe and Russia. To help mitigate the consequences of serious road accidents, the European Commission (EC) has adopted a proposal for a regulation concerning a type-approval requirement for deployment of the eCall system. In Russia, a technical regulation on wheeled-vehicle safety with Era-Glona
    Read More
  • The bottom line - US surface transportation system needs major investment
    December 12, 2014
    The 2015 Bottom Line Report on transportation investment needs, released by the American Association of State Highway and Transportation Officials and the American Public Transportation Association, estimates that to meet current demand it will require an annual capital investment over six years by all levels of government in the amount of $120 billion in the nation’s highway and bridge network and US$43 billion in America’s public transportation infrastructure. To meet the combined surface transportation
    Read More
  • European safety conference looks at V2X communications
    January 3, 2013
    Telematics Update’s V2X for Safety and Mobility Europe 2013 Conference, to be held in Frankfurt on 20-21 February 2013, will bring together decision makers from OEMs, government, suppliers, manufacturers and road operators, allowing key players in the value chain to gain insights into different strategies that are breaking ground in the European TS landscape. A line-up of speakers from organisations including BMW, ETSI, Renault, Denso, Scania, NEC, Cohda, RWS and the European Commission, amongst others, wil
    Read More
  • We need to talk about AVs
    October 15, 2021
    Will driverless vehicles lead to more deaths and destroy more lives than their manual counterparts? Transport writer Colin Sowman argues that they will
    Read More

Highlighted Content