Opportunities in the automotive parking assistance system market have evolved through a number of stages i.e. from invention of parking sensors to fully autonomous car parking in future. Lucintel has found the future of this market to be promising; the automotive parking assistance system market is expected to reach $2.5 billion by 2025 with a CAGR of 13.1%. In this market, camera is expected to remain the largest component type and SUVs and crossovers segment is expected to remain the largest vehicle type. Players can benefit from the available opportunities like increasing vehicle production, government regulations for vehicle safety features, and increasing investment by the industry players within the North America region.
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Continental AG, Robert Bosch GmbH, Denso Corporation, ZF TRW Automotive Holdings Corporation, and Delphi Automotive PLC are some of the companies profiled in this report.
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This exclusive report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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