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Automotive Intelligent Park Assist System - Global Market Trajectory & Analytics

  • ID: 5140899
  • Report
  • April 2021
  • Region: Global
  • 270 pages
  • Global Industry Analysts, Inc
Global Automotive Intelligent Park Assist System Market to Reach $33 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Intelligent Park Assist System estimated at US$22.2 Billion in the year 2020, is projected to reach a revised size of US$33 Billion by 2027, growing at a CAGR of 5.8% over the period 2020-2027. Passenger Cars, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$26.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vehicles segment is readjusted to a revised 6.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6 Billion, While China is Forecast to Grow at 8.8% CAGR

The Automotive Intelligent Park Assist System market in the U.S. is estimated at US$6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Select Competitors (Total 42 Featured):
  • Aisin World Corporation of America
  • Aptiv PLC
  • Clarion Co., Ltd.
  • Continental AG
  • HELLA GmbH & Co. KGaA
  • Magna International, Inc.
  • NXP Semiconductors NV
  • Robert Bosch GmbH
  • Siemens AG
  • Toshiba Corporation
  • Valeo SA
  • ZF Friedrichshafen AG
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown