Autonomous Parking System Market (By Components: Radar, Lidar, Image Sensor, Ultrasonic, Camera, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Published | Pages : 190

The global Autonomous Parking System Market size is expected to reach over 1.8 USD billion by 2026 and is expected to grow at CAGR 15.8% during the forecast period, 2019-2026.

Continuously rising vehicle sales across the globe coupled with the increasing concern for the parking spaces have drive the global Autonomous parking system market during the forecast period 2019-2026. During last few years, automation has changed the all scenario of the sectors. Introduction of advanced technology and use of AI in the various sector have improved the efficiency of the work. Rising demand for efficient work system, elevating demand for electronic systems for vehicles parking, and presence of huge automotive vehicles across the globe propel the growth of the Autonomous parking system market. The demand for automotive, especially in the developing countries, is growing rapidly on account of economic growth, which is projected to drive Autonomous parking system market growth during the forecast period 2018–2025. For instance, according to Automotive Production Statistics by International Organization of Motor Vehicle Manufacturers (OICA) in 2017, a total number of automotive produced was 97,302,534 units which include which cars and commercial vehicles; Whereas in 2016, it was 94,976,569. However, China was the major contributor to the global automotive production followed by Japan. China produced 24,806,687 cars and 4,208,747 commercial vehicles, whereas Japan produced 8,347,836 and 1,345,910 cars and commercial vehicles respectively

The market research study on “Autonomous Parking System Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global Autonomous Parking System Market. The report also analyzes the key players operating in Autonomous Parking System Market and identifies the key strategies deployed by them along with the market share of leading players.

The global Autonomous Parking System Market is segmented as below:

Autonomous Parking System Market By Components

  • Radar
  • Lidar
  • Image Sensor
  • Ultrasonic
  • Camera
  • Others

Autonomous Parking System Market By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Sweden
    • Norway
    • Denmark
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Singapore
    • India
    • Rest of Asia-Pacific
  • Rest of the World
    • UAE
    • Qatar
    • Saudi Arabia
    • South Africa
    • Rest of the World

The global Autonomous Parking System Market is segmented by component

On the basis of component , the Autonomous Parking System Market is segmented into Radar, Lidar, Image Sensor, Ultrasonic, camera, others.

Geographically, Autonomous parking system market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).

North America accounts for the largest share in the Autonomous parking system market. The major factors driving the market in North America are increasing number of vehicles, rise in demand for automation in automotive industry, and constant growth in goods transportation. Growing interest in digital technology and innovative mobility has increased the adoption of Autonomous parking system, thereby driving the global Autonomous parking system market. For instance, according to Oak Ridge National Laboratory (ORNL) transportation analysis in 2016, about 322,000 medium/heavy trucks were produced in the United States, which is 63% of North America’s total production. Additionally, Mexico accounted for 35% of total North America production. Increased focus on improving service and managed the parking the manufacturers is to develop the new and advanced products fueling the Autonomous parking system market growth further.

Europe holds a significant share in the Autonomous parking system market due to increasing import and export of goods in the Europe region. Asia Pacific is the fastest growing market for Autonomous parking system owing to technological advancements taking place in China regarding automation in the service sector. Increased production capacity of automotive components in the developing countries such as Japan, Korea, and China have increased the demand for the better parking system, thereby driving the market growth. Moreover, rapid urbanization and growth in buying power have increased the demand for Autonomous parking system. LAMEA holds the least share in the global Autonomous parking system market.

Some of the key players in the global Autonomous Parking System Market include SIEMENS AG, Mitsubishi Electric, Bombardier Transportation, Thales Group, Alstom S.A., Ansaldo STS, Hitachi Ltd., and CRRC Corporation limited.


Related Reports

Automotive VVT System Market By Product Type (Continuous VVT, Non-continuous VVT), By Application (Passenger Vehicle, Light commercial vehicle, Heavy commercial vehicle) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive VVT system market size is expected to reach around US$ 76,545 million by 2026 with a CAGR of above 4% over the forecast period 2019-2026. Automotive industry is experiencing a drastic change across the globe. Rising government regulation related to pollution, carbon footprints, and developing transportation sector is shifting manufacturers focus on development of advanced emission control system. Variable Valve Timin

Automotive Laser Headlight Market By Vehicle: (Passenger Vehicle, Commercial Vehicle) By Sales Channel: (OEM, Aftermarket) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global automotive laser headlight market size is expected to reach around 339.7 Bn by 2026 and growing at a CAGR of around 67.9% from forecast period 2019 to 2026. Laser headlights are the automotive components used for lighting the road surface to increase safety, and also to avoid risk of accidents. Laser headlights are an innovative technology used in the automobiles, where laser beams not actually shot on the road instead lasers f

Car Rental Market (By Booking Type: Online Access, Offline Access; By Application Type: Leisure/Tourism and Business; By Vehicle Type: Economy/Budget Cars, Luxury/Premium Car) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global car rental market size is expected to reach over USD 187.5 billion by 2026 and is expected to grow at a CAGR of 13.7% during the forecast period, 2019–2026. During last few years, the trend of the car and automotive buying has changed the scenario. Rental cars have got the traction during last few years. Car rental service provides car and automobiles on rent for l

Electric Vehicle Market (By Type: Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle; By Application: Two-Wheeler, Passenger Cars, and Commercial Cars) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global electric vehicle market is expected to grow at CAGR 25.6% during the forecast period, 2019-2026 and will reach over USD 568.2 Billion by 2026. Electric vehicle also knows as electric motor or EV, is a vehicle that uses electric motor for propulsion. Some of the common electric vehicles are electric car, electric truck, electric train, electric airplanes, electric lorries, electric boats,

Electric Vehicle Charging Station Market (By Type of Charger: AC Charging Station and DC Charging Station; By Power Output: <11 kW, 11kW-50 kW, >50 kW; By End Use: Private Type and Public Type; By Supplier Type: OE Charging Station and Private Charging Station) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global electric vehicle charging station market is expected to grow at CAGR 40.5% during the forecast period, 2019-2026 and will reach over USD 30.8 Billion by 2026. Electric vehicle charging stations is known with multiple names including electric vehicle charging point, electric recharging point is an infrastructural point that is known for supplying electric energy to the electric vehicle. T

Automotive OLED Market (By Location: Interior OLEDs, exterior OLEDs; By Structure: Transparent OLEDs, Graded Hetero-Junction OLEDs, Stacked OLEDs, Inverted OLEDs; By Vehicles Type: Passenger Vehicles (PV), Commercial Vehicles (CV)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive OLED market size is expected to reach over USD 5.1 billion by 2026 and is expected to grow at CAGR 16.5% during the forecast period, 2019-2026. Automotive OLED (Organic Light-Emitting Diode) is the film of organic compound that emits light in response to an electric current. It is an advanced type of the automotive lighting. The global Automotive OLED market is growing at sign

Cart Summary