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

  • Telvent relocates and takes a global stance on ITS
    March 12, 2012
    Telvent's Manuel Sanchez Ortega, on relocating the company's headquarters to the US and how that fits in the international scheme of things. The change-of-address cards are in the post; Manuel Sanchez Ortega has just moved homes. The domestic upheaval of Telvent's Chairman and Chief Executive comes as a result of the decision to relocate many of the company's headquarter functions from Madrid to Rockville, Maryland in the US. Viewed in the context of its significant recent acquisitions in North America - am
    Read More
  • Gentex’s vehicle-integrated toll module now compatible in Canada and Mexico
    May 2, 2017
    Gentex Corporation, US-based manufacturer of automotive automatic-dimming rear-view mirrors and automotive electronics has expanded the coverage of its vehicle-integrated tolling solution to include toll roads in Canada and Mexico. The Gentex integrated toll module (ITM) utilises the TransCore universal toll module technology, which Gentex integrates into its electronic rear-view mirrors that automakers can integrate into new vehicles. It enables motorists to drive on all US toll roads, and now toll roads i
    Read More
  • Machine vision makes progress in traffic applications
    June 2, 2014
    Machine Vision technology is easing the burden on hard-pressed control room staff and overloaded communications networks.
    Read More
  • IDTechEx forecasts electric motor systems to become a US$400 billion market in 2027
    March 24, 2017
    IDTechEx Research finds that the traction motor business will rise to around US$400 billion in 2027. Its report, Electric Motors for Electric Vehicles 2017-2027, navigates the jargon, the design options and the disagreements. The changing needs and evolving technology are matched to create ten year market forecasts and technology timelines based on recent intensive travel and interviews by expert PhD level analysts. The report reveals how the rotating electric machine (REM) system is taking a larger sha
    Read More

Highlighted Content