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 tunnel upgrades following new safety legislation
    August 20, 2015
    Across Europe there is a very mixed picture of compliance to latest safety standards for road tunnels. Best practice has emerged, however, in the wake of European legislation. Jon Masters reports High profile fatal fires following accidents in the Mont Blanc, Tauern and Gotthard tunnels prompted the 2004 European Union Directive 2004/54 on road tunnel safety. This meant all EU member states would have to meet new standards of safety in road tunnels by 30 April 2014. The Directive applied to all tunnels over
    Read More
  • ITSA Detroit 2018: a must-attend transportation event!
    May 24, 2018
    The 2018 ITS America Annual Meeting Detroit, from 4-7 June, is the must-attend transportation technology event in North America this year. The theme of the meeting, “Transportation 2.0,” will be weaved throughout the three days of plenary sessions, demonstrations, and exhibits. Discussions will centre around the future of transportation, intelligent mobility, and managing risk. “Changes happening today will fundamentally affect how people interact with transportation in the months and years ahead,” said Sh
    Read More
  • Driver monitoring systems to reach 64.8 million units by 2020
    November 7, 2013
    New research from ABI Research forecasts that the global market for driver monitoring systems (DMS) will reach 64.8 million units by the end of 2020 with the majority of shipments being accounted for in vehicles sold in the Asia-Pacific region. Driver monitoring systems were first introduced as far back as 2006 when Toyota launched its innovative driver attention monitor system. Toyota’s system functions by directly monitoring the driver’s face using a discrete in-dash camera and was initially offered as
    Read More
  • Drivers want semi-autonomous safety features
    November 7, 2014
    Blind spot detection and rear-view cameras with park assist were the two features that tied for consumers' most-wanted car safety technology in a recent Edmunds.com survey. Edmunds polled more than 2,000 active site visitors to explore the vehicle safety technologies that most appealed to them for their next car purchase. “The most wanted features, like the blind spot detection, act more like co-pilots for your car,” said Edmunds senior analyst Ivan Drury, “providing drivers with 360 degrees of informati
    Read More

Highlighted Content