Market Overview:
The global autonomous parking technology market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for autonomous parking technology from commercial vehicles and passenger cars. Additionally, the growing awareness about the benefits of autonomous parking technology is also contributing to the growth of this market. The global autonomous parking technology market can be segmented on the basis of type, application, and region. On the basis of type, this market can be segmented into hardware, software, and service. The hardware segment is expected to account for a major share in this market owing to its wide adoption across various applications. On the basis of application, this market can be divided into commercial vehicle and passenger car segments.
Product Definition:
Autonomous Parking Technology is a parking technology that enables a car to park itself without any assistance from a driver. This technology is important because it can help drivers save time and energy when parking their cars.
Hardware:
Hardware is the part of autonomous parking technology that includes sensors, cameras, radars and LiDAR among others. Hardware has a major role in enabling the solution as it's responsible for collecting data and providing feedback to control the vehicle. The growth factor for this segment is expected to be high over the forecast period owing to increasing demand from end-use industries such as automotive & transportation and construction among others.
Software:
Software is the set of instructions, rules, and processes that are used to achieve a certain result. In autonomous parking technology, software is used for controlling and managing vehicles in an intelligent manner. The software controls various vehicle components such as steering wheel or brake pedal by reading sensor inputs which helps in maintaining the safety of the vehicle while it's driving itself.
Application Insights:
The commercial vehicle segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing adoption of autonomous vehicles in commercial applications, such as delivery vans and trucks, logistics vehicles, heavy-duty vehicles including construction equipment, agricultural machinery and earthmoving machinery among others.
Passenger car segment is expected to witness significant growth over the forecast period owing to rising demand for passenger cars with advanced safety features by consumers worldwide. Advanced driver assistance systems (ADAS) are being increasingly installed in passenger cars so that drivers may enjoy a sense of security while driving them even at low speeds on roadsides or highways.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This growth can be attributed to increasing investments in R&D and growing adoption of advanced driver assistance systems (ADAS) and smart autonomous vehicles (SAVs). In addition, presence of key companies such as Tesla, Mobileye, Google LLC has contributed significantly towards regional growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for developing smart cities and infrastructure development projects coupled with rising number of accidents caused due to human error. These factors are expected contribute towards increased demand for automated parking systems across Asia Pacific region thereby driving the overall industry demand over the projected period from 2018 to 2030 (see Exhibit 1).
Growth Factors:
- Increasing demand for autonomous parking technology from the automotive industry as it helps in reducing the number of accidents and improving fuel efficiency.
- Growing demand for autonomous parking technology from the logistics and transportation sector as it helps in increasing the efficiency of operations.
- Rising adoption of autonomous parking technology by municipal authorities to manage traffic congestion and improve urban mobility.
- Increasing use of autonomous parking technology by commercial establishments to optimize their space utilization and reduce labor costs associated with manual parking management operations5 Increased awareness about the benefits of using autonomous parking technology among consumers, which is likely to boost its market growth over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Autonomous Parking Technology Market Research Report
By Type
Hardware, Software, Service
By Application
Commercial Vehicle, Passenger Car
By Companies
Continental Automotive, Hella, Magna International, Bosch, TRW, Valeo, Aisin Group, Audiovox, Delphi, Baidu, BMW, Volkswagen, Daimler Benz, Tesla, Hyundai Mobis, Great Wall Motors, Chang'an Automobile, Chery Jaguar Land Rover
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Autonomous Parking Technology Market Report Segments:
The global Autonomous Parking Technology market is segmented on the basis of:
Types
Hardware, Software, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicle, Passenger Car
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental Automotive
- Hella
- Magna International
- Bosch
- TRW
- Valeo
- Aisin Group
- Audiovox
- Delphi
- Baidu
- BMW
- Volkswagen
- Daimler Benz
- Tesla
- Hyundai Mobis
- Great Wall Motors
- Chang'an Automobile
- Chery Jaguar Land Rover
Highlights of The Autonomous Parking Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Service
- By Application:
- Commercial Vehicle
- Passenger Car
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Autonomous Parking Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Autonomous parking technology is a system that uses sensors and software to help vehicles find and park in specific spaces. The technology can be used in both public and private spaces, such as garages or parking lots.
Some of the major players in the autonomous parking technology market are Continental Automotive, Hella, Magna International, Bosch, TRW, Valeo, Aisin Group, Audiovox, Delphi, Baidu, BMW, Volkswagen, Daimler Benz, Tesla, Hyundai Mobis, Great Wall Motors, Chang'an Automobile, Chery Jaguar Land Rover.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Autonomous Parking Technology Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Autonomous Parking Technology Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Autonomous Parking Technology Market - Supply Chain
4.5. Global Autonomous Parking Technology Market Forecast
4.5.1. Autonomous Parking Technology Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Autonomous Parking Technology Market Size (000 Units) and Y-o-Y Growth
4.5.3. Autonomous Parking Technology Market Absolute $ Opportunity
5. Global Autonomous Parking Technology Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Autonomous Parking Technology Market Size and Volume Forecast by Type
5.3.1. Hardware
5.3.2. Software
5.3.3. Service
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Autonomous Parking Technology Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Autonomous Parking Technology Market Size and Volume Forecast by Application
6.3.1. Commercial Vehicle
6.3.2. Passenger Car
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Autonomous Parking Technology Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Autonomous Parking Technology Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Autonomous Parking Technology Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Autonomous Parking Technology Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Autonomous Parking Technology Demand Share Forecast, 2019-2026
9. North America Autonomous Parking Technology Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Autonomous Parking Technology Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Autonomous Parking Technology Market Size and Volume Forecast by Application
9.4.1. Commercial Vehicle
9.4.2. Passenger Car
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Autonomous Parking Technology Market Size and Volume Forecast by Type
9.7.1. Hardware
9.7.2. Software
9.7.3. Service
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Autonomous Parking Technology Demand Share Forecast, 2019-2026
10. Latin America Autonomous Parking Technology Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Autonomous Parking Technology Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Autonomous Parking Technology Market Size and Volume Forecast by Application
10.4.1. Commercial Vehicle
10.4.2. Passenger Car
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Autonomous Parking Technology Market Size and Volume Forecast by Type
10.7.1. Hardware
10.7.2. Software
10.7.3. Service
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Autonomous Parking Technology Demand Share Forecast, 2019-2026
11. Europe Autonomous Parking Technology Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Autonomous Parking Technology Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Autonomous Parking Technology Market Size and Volume Forecast by Application
11.4.1. Commercial Vehicle
11.4.2. Passenger Car
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Autonomous Parking Technology Market Size and Volume Forecast by Type
11.7.1. Hardware
11.7.2. Software
11.7.3. Service
11.8. Basis Point Share (BPS) Anlysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Autonomous Parking Technology Demand Share, 2019-2026
12. Asia Pacific Autonomous Parking Technology Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Autonomous Parking Technology Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Autonomous Parking Technology Market Size and Volume Forecast by Application
12.4.1. Commercial Vehicle
12.4.2. Passenger Car
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Autonomous Parking Technology Market Size and Volume Forecast by Type
12.7.1. Hardware
12.7.2. Software
12.7.3. Service
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Autonomous Parking Technology Demand Share, 2019-2026
13. Middle East & Africa Autonomous Parking Technology Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Autonomous Parking Technology Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Autonomous Parking Technology Market Size and Volume Forecast by Application
13.4.1. Commercial Vehicle
13.4.2. Passenger Car
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Autonomous Parking Technology Market Size and Volume Forecast by Type
13.7.1. Hardware
13.7.2. Software
13.7.3. Service
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Autonomous Parking Technology Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Autonomous Parking Technology Market: Market Share Analysis
14.2. Autonomous Parking Technology Distributors and Customers
14.3. Autonomous Parking Technology Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Continental Automotive
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hella
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Magna International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bosch
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TRW
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Valeo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aisin Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Audiovox
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Delphi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Baidu
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BMW
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Volkswagen
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Daimler Benz
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tesla
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hyundai Mobis
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Great Wall Motors
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Chang'an Automobile
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Chery Jaguar Land Rover
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
