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

  • OBD aftermarket telematics subscribers market forecast
    March 28, 2014
    According to new research from ABI, the number of subscribers to OnBoard Diagnostics (OBD) aftermarket telematics solutions is expected to increase from 9.5 million in 2014 to 117.8 million in 2019. “OBD-dongle telematics devices are gaining momentum in North America and Europe in segments such as UBI, fleet management, and consumer telematics. Their plug-and-play characteristics, low cost and flexibility for a range of applications including diagnostics and maintenance, location tracking and trip loggin
    Read More
  • App integration ‘commonplace within five years’
    July 2, 2014
    A new report by Juniper Research on the telematics sector has found that the number of in-vehicle apps in use is expected to reach 269 million by 2018, representing a more than fivefold increase on 2013’s figure. According to the report, Connected Cars: Consumer & Commercial Telematics and Infotainment 2014-2018, growth will be fuelled by solutions such as Apple’s CarPlay, which will promote in-vehicle apps to the mainstream. It also argues that app integration will be facilitated as standardised approac
    Read More
  • Section speed enforcements gains global converts
    October 26, 2017
    As the benefits of section speed enforcement are becoming clearer, the technology is gaining converts worldwide. Colin Sowman reports. America’s National Transportation Safety Board (NTSB) is calling for urgent action from both road authorities and the federal government to combat speeding which has been identified as one of the most common factors in motor vehicle crashes in the United States. This new call follows the publication of a safety study which found that between 2005 through 2014, 31% of all
    Read More
  • Profitable niches in the electric vehicles market
    December 18, 2015
    Vehicles are electrifying at a breakneck speed and they are being completely reinvented with developments in many components and systems, according to a report by IDTechEx Research. Disruptive change and significant technological innovation is now being seen across all forms of electric vehicles for land, water and air. The fruits of all this are spectacular – from the vehicles themselves to over US$500 billion market opportunity that will be created by 2026. IDTechEx Research analyses and forecasts eve
    Read More

Highlighted Content