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

  • Continental, Magna International to conduct real-world test of driverless vehicles
    August 1, 2017
    Two automated driving vehicles will travel more than 300 miles before arriving in Traverse City, Michigan, US as part of an international border demonstration by Continental and Magna International. The demonstration will start in southeast Michigan and finish at the Center for Automotive Research’s annual Management Briefing Seminars. The vehicles will cross into Windsor, Ontario before going north to Sarnia, Ontario and return back into Michigan. The demonstration drive allows Continental and Magna, as we
    Read More
  • Global RFID market will reach US$7.88 billion in 2013
    October 22, 2013
    According to a new RFID sector survey by IDTechEx Research, RFID Forecasts, Players & Opportunities 2014-2024, the RFID market will increase from US$6.98 billion in 2012 to US$7.88 billion, and will reach US$23.4 billion in 2020. This includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors - for both passive and active RFID. Using new, unique information researched globally by IDTechEx technical experts, the new report RFID Forecasts, Players & Opportunities 2
    Read More
  • Positive growth opportunity predicted for motor manufacturers in automotive applications
    August 19, 2016
    The worldwide revenue for electric motors in automotive applications is expected to increase to over US$30 billion in 2019, up from US$26 billion in 2014, according to IHS Markit Technology. Likewise, technological innovations in the automotive industry have created momentum to drive the growth of the electric motor market, especially DC brushless motors, which is predicted to outperform market growth for all other motor types by double. The IHS Markit Technology report, Electric Motors in Automotive A
    Read More
  • Public transport ITS market in Europe and North America to grow 7 per cent by 2020
    January 3, 2017
    The latest research from Berg Insight indicates that the market for intelligent transport systems (ITS) in public transport operations in Europe was US$1.4 billion (€1.35 billion) in 2015. Growing at a compound annual growth rate (CAGR) of 7.2 per cent, it is expected to reach US$2 billion (€1.91 billion) by 2020. The North American market for public transport ITS is similarly forecast to grow at a CAGR of 8.1 per cent from US$0.6 billion (€0.59 billion) in 2015 to reach US$0.9 billion (€0.87 billion) in
    Read More

Highlighted Content