According to Cognitive Market Research, the global Park Assist Camera market will be USD 2501.5 million in 2023 and expand throughout the predicted period at a 13.50% CAGR
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%
Europe Park Assist Camera is 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.
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
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.
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
The demand for Park Assist Cameras is rising due to the boost in sales of high-end and luxury automobiles.
Demand for Passenger Cars remains higher in the Park Assist Camera market.
The OEMs category held the highest Park Assist Camera market revenue share in 2023.
