Automotive Intelligence Park Assist System Market Report 2025 (Global Edition)

Global Automotive Intelligence Park Assist System Market Report 2025 Market Size Split by Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), by Application (Semi-Auton...

Automotive Intelligence Park Assist System Market Report Description

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Automotive Intelligence Park Assist System Market Insights Video

Competitive Landscape of the Automotive Intelligence Park Assist System Market

In the automotive intelligence park assist system market's competitive landscape, numerous key competitors are driving innovation and growth. Market rivalry is encouraging technological and design innovations to create Automotive Intelligence Park Assist Systems that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.

In November 2021, At the ITS World Congress in Hamburg, NXP Semiconductors announced that it would present innovative safety scenarios made possible by vehicle-to-vehicle communication. (Source: https://www.nxp.com/company/about-nxp/smarter-world-blog/BL-NXP-WORLD-CONGRESS-CAR-TO-X-NEXT-EVOLUTION) In April 2022, Magna International, a global automaker, started manufacturing at a new assembly facility in Slovakia. The purpose of this facility is to manufacture cutting-edge technology solutions and products for the automotive sector, such as park assist systems. By boosting its manufacturing capacity and satisfying the growing demand for advanced driver assistance systems, the plant will support the company in increasing the output of park assist systems. (Source: https://www.magna.com/company/newsroom/releases-archive/release/2022/04/21/news-release---magna-s-new-slovakia-facility-to-support-growing-adas-and-electrification-market) In December 2023, the latest generation of automated parking systems from Continental AG was unveiled. It includes 360-degree video systems, sophisticated sensor fusion algorithms, and artificial intelligence-driven parking trajectory planning. The new park assist technology improves driving convenience and safety in urban settings by enabling completely automatic parking operations, such as parallel and perpendicular parking. (Source: https://www.continental.com/en/products-and-innovation/innovation/automated-parking-fusion/)

Top Companies Market Share in Automotive Intelligence Park Assist System Industry: (In no particular order of Rank)

• Aisin Seiki Co.
• Ltd.
• Continental AG
• Denso Corporation
• Hitachi Ltd.
• Magna International
• NXP Semiconductors
• Robert Bosch GmbH
• Siemens AG
• Valeo SA
• ZF Friedrichshafen AG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Automotive Intelligence Park Assist System Market

Which Region Dominates the Automotive Intelligence Park Assist System Market in 2024?

According to cognitive market research, North America currently dominates the automotive intelligence park assist systems market, and the region's high car ownership rates and rising customer demand for advanced driver-assistance systems (ADAS) are driving the uptake of these technologies. In order to improve vehicle safety and driver convenience, automakers are also being pressured to incorporate more sophisticated parking assistance systems by the National Highway Traffic Safety Administration (NHTSA) and other government agencies enforcing strict safety requirements.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The need for automated parking solutions is fueled by growing urbanization and automobile ownership, particularly in highly crowded areas like Shanghai, Tokyo, and Seoul. This rise is also facilitated by government laws that encourage driving safety as well as technical developments in AI-powered systems and automobile sensors. Part of the larger trend toward linked cars and autonomous driving technologies, smart, automatic parking features are becoming more and more popular among consumers in nations like China and India.

The current report Scope analyzes Automotive Intelligence Park Assist System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Automotive Intelligence Park Assist System Market Analysis

According to cognitive market research, the global automotive intelligence park assist system market size was estimated at USD 11541.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4616.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.

• According to cognitive market research, the US had a major share in the automotive intelligence park assist system market with a market size of USD 3642.40 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. The U.S. market's Stringent governmental regulations against traffic rules.
• The Canada automotive intelligence park assist system market had a market share of USD 553.98 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. Canada’s rising awareness among the population.
• The Mexico automotive intelligence park assist system market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 420.10 million in 2024.

Europe Automotive Intelligence Park Assist System Market Analysis

According to cognitive market research, the global automotive intelligence park assist system market size was estimated at USD 11541.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3462.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

• The United Kingdom automotive intelligence park assist system market had a market share of USD 581.68 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. In the UK, automotive intelligence park assist system sales witnessed an upswing due to the increasing RTO rules and regulations.
• The France automotive intelligence park assist system market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 318.54 million in 2024.
• According to cognitive market research, the German automotive intelligence park assist system market size was valued at USD 685.55 million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period. In Germany, the automotive intelligence park assist system surged due to the Increased focus of the manufacturers and major market players.
• The Italy automotive intelligence park assist system market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 297.76 million in 2024.
• The Russia automotive intelligence park assist system market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 536.67 million in 2024.
• The Spain automotive intelligence park assist system market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD 283.91 million in 2024
• The Luxembourg automotive intelligence park assist system market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 107.33 million in 2024.
• The Portugal automotive intelligence park assist system market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 72.71 million in 2024.
• The Greece automotive intelligence park assist system market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 41.55 million in 2024.
• The Rest of Europe's automotive intelligence park assist system market is projected to witness growth at a CAGR of 1.4% during the forecast period, with a market size of USD 536.67 million in 2024.

Asia Pacific Automotive Intelligence Park Assist System Market Analysis

According to cognitive market research, the global automotive intelligence park assist system market size was estimated at USD 11541.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2654.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to cognitive market research, the China automotive intelligence park assist system market size was valued at USD 1194.51 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. The Automotive Intelligence Park Assist System surged in China due to the Increased focus of the manufacturers and major market players.
• The Japan automotive intelligence park assist system market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 366.32 million in 2024.
• The India automotive intelligence park assist system market had a market share of USD 318.54 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. India's rising awareness among the populations .
• The South Korean automotive intelligence park assist system market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 265.45 million in 2024.
• The Australian automotive intelligence park assist system market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 138.03 million in 2024.
• The South East Asia automotive intelligence park assist system market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 183.16 million in 2024.
• The Rest of Asia Pacific automotive intelligence park assist system market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 188.47 million in 2024.

South America Automotive Intelligence Park Assist System Market Analysis

According to cognitive market research, the global automotive intelligence park assist system market size was estimated at USD 11541.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 577.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.

• According to cognitive market research, the Brazil automotive intelligence park assist system market size was valued at USD 246.98 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Automotive Intelligence Park Assist Systems flourished in Brazil due to a surge in traffic rules.
• Argentina's automotive intelligence park assist system market had a market share of USD 96.95 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Argentina's rising new technology demand.
• Colombia's automotive intelligence park assist system market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 51.36 million in 2024.
• Peru's automotive intelligence park assist system market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 47.32 million in 2024.
• Chile's automotive intelligence park assist system market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 41.55 million in 2024.
• The Rest of Latin America's automotive intelligence park assist system market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 92.91 million in 2024.

Middle East Automotive Intelligence Park Assist System Market Analysis

According to cognitive market research, the global automotive intelligence park assist system market size was estimated at USD 11541.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 230.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031..

• The GCC Countries automotive intelligence park assist system market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 98.79 million in 2024. Automotive intelligence park assist system sales flourishes due to the presence of major market players.
• The Egypt automotive intelligence park assist system market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 24.24 million in 2024.
• The South Africa automotive intelligence park assist system market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 36.47 million in 2024. Automotive Intelligence Park assists system sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey automotive intelligence park assist system market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 19.85 million in 2024.
• The Nigeria automotive intelligence park assist system market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 24.24 million in 2024.
• The Rest of the MEA automotive intelligence park assist system market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 27.24 million in 2024.

Automotive Intelligence Park Assist System Market Analysis

How are Segments Performing in the Global Automotive Intelligence Park Assist System Market?

Automotive Intelligence Park Assist System Market Vehicle Type Segment Analysis

According to cognitive market research, passenger car automotive intelligence park assist systems are likely to dominate the automotive intelligence park assist system market over the forecast period. Mostly because passenger cars are produced and sold at a higher volume than commercial vehicles. Furthermore, as part of safety and convenience packages, advanced driver assistance systems (ADAS), including park assist functions, are increasingly commonly installed in passenger cars.

The light commercial vehicles are the fastest-growing segment in the automotive intelligence park assist system market. Advanced driver assistance systems (ADAS) are becoming more common in smaller, urban-focused fleets, such as delivery cars, which is what is driving expansion. The incorporation of park assist technology in light-duty vehicles (LCVs) has been spurred by the need for improved safety, less driver fatigue, and greater maneuverability in crowded metropolitan environments.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Intelligence Park Assist System Industry. Request a Free Sample PDF!

Automotive Intelligence Park Assist System Market Application Segment Analysis

According to cognitive market research, the semi-autonomous segment holds the largest share of the market. Systems enable partial automation, which requires drivers to maintain awareness while receiving help with duties like parking and maneuvering. Because of cost-effectiveness, regulatory frameworks, and consumer comfort with gradual technology developments, semi-autonomous systems are more extensively used.

In the automotive intelligence park assist system market, the fully autonomous has been expanding at a rapid pace. Growth is being driven by consumer preference for more advanced safety and convenience features in vehicles as well as an increase in the demand for advanced driver assistance systems (ADAS). The simplicity and efficiency of fully autonomous park assist systems have led to a rise in popularity as they allow vehicles to maneuver into parking spaces without the need for human involvement. This rise is also supported by the development of AI, sensor, and camera technologies, especially in areas where the use of autonomous vehicles is higher, such as North America and Europe.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive Intelligence Park Assist System Vehicle Class Segment Analysis

Automotive Intelligence Park Assist System Market Vehicle Class Segment Analysis

According to Cognitive Market Research, the mid-priced segment holds the largest market share. The increasing demand in this market can be attributed to consumers' desire for automobiles with advanced driver-assistance systems (ADAS) that are reasonably priced yet still include premium amenities like park assist.

In the automotive intelligence park assist system market, the rapidly growing sector is the luxury category. Park assist systems, which provide seamless parking solutions with sensors, cameras, and automated controls, are becoming standard in newer models from premium manufacturers as they strive to improve driver convenience and safety.

• Mid-priced
• Luxury

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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