Park Assist Camera Market Report 2025 (Global Edition)

Global Park Assist Camera Market Report 2025 Market Size Split by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles, Others), by Technology (Rear vi...

Park Assist Camera Market Report Description

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Imapct of Trumph Tariff on Electronics and Electrical Industry

In 2025, global trade has entered a period of renewed volatility as the U.S., under President Donald Trump, introduced sweeping tariffs known as the Liberation Day Tariffs. Aimed at addressing trade imbalances and foreign supply chain dominance, the tariffs range from 10% on allies like Australia and the UK to 46% on Vietnamese goods and 34% on Chinese imports. A 25% universal tariff on steel, aluminum, and auto parts has further strained global trade ties. The electronics sector is among the hardest hit, particularly due to the escalating U.S.China trade war. Tariffs on Chinese goods now reach up to 145% in sectors like semiconductors and consumer electronics, while China has retaliated with up to 125% duties and restrictions on critical mineral exports. This has disrupted just-in-time supply chains and increased component costs.

Specific tariffs include 25% on semiconductors, 20% on lithium-ion batteries, and 10–15% on consumer electronics like laptops and tablets, leading to higher retail prices and reduced consumer demand. Sub-sectors such as home automation, computer hardware, communication electronics, medical devices, and industrial electronics are all under pressure due to rising input costs and supply chain delays. Companies are revisiting suppliers, shifting sourcing to countries like India, Mexico, and Vietnam, and redesigning products to avoid high-tariff components.

China remains a key player, contributing USD 119 billion in electronics exports to the U.S. in 2023. Even components routed through countries like Malaysia and Vietnam often rely on Chinese subparts, making the ripple effect of tariffs widespread. U.S. electronics firms operating on thin margins are seeing input costs rise 18–25%, with contract manufacturers in alternative regions facing capacity constraints.

Market research is now critical. It helps companies identify new suppliers, analyze cost trends, optimize product design, forecast demand shifts, and track regulatory changes. Tools like supplier mapping, BOM optimization, and scenario planning support strategic responses to ongoing disruptions. Leading firms like Apple and Dell are expanding production outside China, while others invest in digital supply chain tools and redesign products for cost resilience. In this evolving trade environment, firms that leverage research-driven strategies are better positioned to adapt and thrive.

Park Assist Camera Market Insights Video

Competitive Landscape of the Park Assist Camera

The major players adopt new tactics quickly in order to gain a competitive benefit and take a substantial portion of the market. To serve a sizable customer base and obtain a competitive advantage, the key players in the Park Assist Camera industry place a strong emphasis on extending their creative products.

• January 2023, Bosch unveiled a new self-parking system that incorporates communication with the infrastructure for safer self-parking.

(Source:timesofindia.indiatimes.com/auto/news/worlds-first-automated-driverless-parking-how-mercedes-benz-and-bosch-make-it-work/articleshow/95953730.cms?from=mdr)

• March 2022, GuardLook was a machine vision technology firm that Gentex bought in order to improve parking assistance and camera-based driver assistance systems.

(Source:ir.gentex.com/news-releases/news-release-details/gentex-expands-cabin-monitoring-capabilities-acquisition)

• In May 2021, Magna paid $31 million for Veoneer's active safety division to improve ADAS capabilities, which include cutting-edge park assist technology.

(Source:www.magna.com/stories/news-press-release/2023/magna-completes-acquisition-of-veoneer-active-safety-business)

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

• Continental AG
• Valeo
• Robert Bosch
• Denso Corporation
• Magna International
• Ficosa
• ZF Friedrichshafen
• Gentex
• Aptiv
• Renesas Electronics
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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!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America dominated the market in 2023 and accounted for around 38% of the global revenue

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 38% of the global revenue, Vehicle safety elements are given priority under the region's strict safety norms and standards. The incorporation of park assist camera systems as standard or optional equipment in new cars has been promoted by regulations requiring safety innovations in automobiles. Consumer acceptability and demand for vehicle safety features, such as park assist video systems, have increased in North America as a result of consumer education campaigns.

Europe is the fastest-growing category; Europe has had strict car safety laws and requirements. These rules promote the installation of cutting-edge safety equipment in cars, such as parking assist camera systems. Both the number of electric vehicles (EVs) and the advancement of autonomous driving technology are rising across Europe. These cars frequently have ADAS features like park assist cameras installed.

The current report Scope analyzes Park Assist Camera 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 Park Assist Camera Market Analysis

According to Cognitive Market Research, the global Park Assist Camera market size was estimated at USD 2501.5 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1000.60 million in 2023 and will expand between 2023 and 2030 at a (CAGR) of 11.7%. This is due to the fact that ADAS technologies are constantly being innovated and invested in by a number of the top OEMs, research centres, and automotive technology businesses located in North America. According to Cognitive Market Research, The segment with the biggest market share was passenger cars, since buyers in North America have demonstrated a clear preference for cars with cutting-edge convenience features and technology. In conclusion, the North American Park Assist Camera market is thriving since many of the leading OEMs, research institutions, and automotive technology companies are continuously innovating and investing in ADAS technologies.

Europe Park Assist Camera Market Analysis

According to Cognitive Market Research, with a market value of USD 2501.5 million in 2023 and projected to expand throughout the predicted period at a 12.0% CAGR, Europe accounted for a share of over 30% of the global market size of USD 750.45 million. In Europe, enhanced driver-assistance systems (ADAS) and car safety are becoming more and more important. Vehicles with safety features like park assist cameras are becoming more and more popular among consumers. According to Cognitive Market Research, order to produce a composite, bird's-eye image of the area around the vehicle, the 360-degree Surround image Camera technology combines several cameras placed all around it. Particularly in confined spaces or crowded urban areas, this technology helps Drivers Park and navigates their vehicle by giving them a full perspective. In conclusion, the European Park Assist Camera market is thriving due to increasing emphasis on vehicle safety, and urbanization and parking challenges.

Asia Pacific Park Assist Camera Market Analysis

According to Cognitive Market Research, the global Park Assist Camera market size was estimated at USD 2501.5 Million out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 575.35 million in 2023 and will grow at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2030 This is because car sales are rising significantly in the Asia Pacific region, and more people are owning vehicles there. The need for cutting-edge convenience and safety features, such as parking assist camera systems, is growing as more cars are sold. According to Cognitive Market Research, 360-degree surround view cameras use a number of cameras placed all around the car to combine them into a composite bird's-eye image that helps Drivers Park and maneuver by giving them a thorough view of their surroundings. In conclusion, the Asia Pacific Park Assist Camera market shows significant growth due to rising vehicle sales, urbanization and parking challenges.

South America Park Assist Camera Market Analysis

According to Cognitive Market Research, the global Park Assist Camera market size was estimated at USD 2501.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 125.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2023 to 2030 This is because the rate of automobile ownership has been gradually rising in Latin America. The desire for cutting-edge convenience and safety features, such park assist camera systems, tends to increase as more cars are sold. According to Cognitive Market Research, the OEMs segment is dominating the market, because OEMs usually incorporate park assist camera systems directly into automobiles. Because of this connection, the systems may be easily included into the vehicle's specifications and design. In conclusion, the Latin American Park Assist Camera market exhibits steady growth, driven by rising vehicle ownership, urbanization and congestion, and increasing safety awareness.

Middle East Park Assist Camera Market Analysis

According to Cognitive Market Research, the global Park Assist Camera market size was estimated at USD 2501.5 Million out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 50.03 million in 2023 and will grow at a compound annual growth rate (CAGR) of 13.2% from 2023 to 2030 This is because some MEA countries have a market for luxury cars, and these higher-end cars frequently come with park assist camera systems as standard or optional equipment. According to Cognitive Market Research, the aftermarket segment has grown substantially due to the fact that, The MEA region has easy access to aftermarket park assist camera systems. Professional auto mechanics or service providers can install these systems if they are purchased separately. In conclusion, the MEA (Middle East and Africa) Park Assist Camera market exhibits growth potential due to rising car sales and consumer preference for advanced technology.

Park Assist Camera Market Analysis

Park Assist Camera Vehicle Type Segment Analysis

According to Cognitive Market Research, throughout the projection period, passenger cars held the largest market share. The passenger vehicle sector is fuelled by automation and connectivity. The market is leading with the best possibility due to declining interest rates and expanding global preferences for tiny cars. With increasing infrastructure and the greatest car comforts, Asia is leading the market for passenger cars. The need for passenger vehicles is growing, and this market is seeing potential due to the expansion of vehicle policies in the automotive sector.

Light Commercial Vehicles are the fastest-growing category over the forecast period. Better manoeuvrability is provided by LCVs with park assist cameras, particularly in crowded urban areas and small places like parking lots. Because the cameras provide visual advice, drivers can navigate and park the car more accurately.

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles
• Others

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 Park Assist Camera Industry. Request a Free Sample PDF!

Park Assist Camera Technology Segment Analysis

According to Cognitive Market Research, a 360-degree camera system holds a prominent market share. These systems make use of several cameras positioned thoughtfully all around the car to produce a composite image or a bird's-eye view of the area around the car. This technology helps Drivers Park and manoeuvre in confined places by giving them a complete view of impediments.

Rear view camera system the fastest-growing category over the forecast period, A visual feed of the area directly behind the car is displayed on the dashboard or infotainment screen by rear-view cameras, which are installed at the back of the car. By illuminating objects or obstacles that may not be apparent through rear-view mirrors, they help drivers park and reverse.

• Rear view camera system
• 360 degree camera system
• Around view monitor system
• Others

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

Park Assist Camera Component Segment Analysis

According to Cognitive Market Research, the Display Unit has a prominent market share. The display unit, which is usually built into the dashboard or infotainment system of the car, shows the live feed from the park assist camera and gives the driver visual assistance.

Sensors are the fastest-growing categories over the forecast period, Sensors that identify the closeness to obstacles are added to park assist cameras in certain systems. In instances where the camera's field of vision is restricted, these sensors are helpful in offering extra parking instructions.

• Camera
• Display Unit
• Sensors
• ECU Module
• Others

Park Assist Camera Sales Channel Segment Analysis

According to Cognitive Market Research, OEMs hold a prominent market share, Car manufacturers frequently incorporate park assist camera systems into their automobiles during production. Manufacturers sell directly to customers through their dealership networks, offering park assist cameras as optional or standard features in new cars.

The Aftermarket is the fastest-growing category over the forecast period Retailers and distributors specializing in aftermarket sales of automobile components and accessories, such as park assist camera systems, offer their products independently of new car purchases. These merchants frequently provide a selection of installed camera systems for pre-existing cars.

• OEMs
• Aftermarket

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion