Automotive Intelligence Park Assist System Market Insights Video
According to cognitive market research, the global automotive intelligence park assist system market size was USD 11541.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.20% from 2024 to 2031.
North America held the major market share for 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.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3462.36 million.
Asia Pacific held a 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.
Latin America had a market share of more than 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.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at 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 passenger car category is the fastest growing segment of the Automotive Intelligence Park Assist System industry
