Market Overview:
The global park assist camera market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced safety features in vehicles and the rising awareness about vehicle safety among consumers. The global park assist camera market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into thermal camera, digital camera, and others. Thermal cameras are expected to witness high growth during the forecast period owing to their ability to detect objects in low-light conditions and their growing adoption in luxury cars. On the basis of application,the market is segmented into passenger car, light commercial car, heavy commercial car,. Passenger cars are expected to account for a major share ofthe global park assist camera market due its high demand from developed countries such as North America and Europe .
Product Definition:
A Park Assist Camera is a device used to help drivers park their cars by providing a view of the car's surroundings from above. This can be helpful in tight spaces where it may be difficult to see around the vehicle.
Thermal Camera:
Thermal cameras are used to capture images in the infrared spectrum. They work on the principle of detecting objects by measuring their temperature. The camera is attached to a vehicle’s windshield or dashboard and can be operated at night as well as in bad weather conditions. These cameras can also be mounted on unmanned aerial vehicles (UAVs) for monitoring activities, which are not possible with normal vision devices due to limitations of human eyesight.
Digital Camera:
A digital camera is a tool that records images on a memory card or directly on the camera's internal storage by using the analog-digital conversion process. The resolution of the image depends upon the type of sensor used in it. A still picture has high resolution than a video whereas videos have higher resolution than still pictures.
Application Insights:
The passenegr car application segment accounted for the largest revenue share in 2017 and is projected to expand at a steady CAGR from 2018 to 2030. The need for assistance system in low-speed maneuvering during parking is expected to be one of the key factors driving the demand over the forecast period.
The light commercial car segment also held a significant share in 2017 and is estimated to grow at an above-average CAGR over the forecast period. This can be attributed to increasing number of luxury vehicles with advanced features such as surround view cameras, which provide assistance while parallel parking or when backing up from a perpendicular position. Moreover, introduction of smart systems by major players such as Mercedes Benz and BMW are expected to drive industry growth over next eight years.
Regional Analysis:
North America dominated the global park assist camera market in 2017. This can be attributed to the presence of prominent players such as Bosch, ZF Friedrichshafen AG, and Aisin AW Co., Ltd. in this region. The increasing demand for automobiles with enhanced safety features is also one of the major factors contributing to regional growth. Moreover, stringent government regulations regarding driver distraction due to using electronic devices while driving are further propelling industry growth in this region.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income and growing adoption of advanced safety systems by consumers especially those living in China and India who are more concerned about road accidents than their counterparts living elsewhere in these countries based on a study conducted by IIHS (Insurance Institute for Highway Safety) on behalf of Dongfeng Motor Corporation (DMC).
Growth Factors:
- Increasing demand for advanced safety features in vehicles
- Growing awareness about the benefits of park assist cameras among consumers
- Rising number of accidents and fatalities due to parking errors
- Proliferation of advanced digital technologies in automotive sector
- Government regulations mandating installation of park assist cameras in new vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Park Assist Camera Market Research Report
By Type
Thermal Camera, Digital Camera, Others
By Application
Passenegr Car, Light Commercial Car, Heavy Commercial Car
By Companies
Continental, Robert Bosch, Valeo, Aptiv, Magna, GENTEX, Grace Tech, Sony, LG Innotek, TTE, MCNEX, Sekonix
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Park Assist Camera Market Report Segments:
The global Park Assist Camera market is segmented on the basis of:
Types
Thermal Camera, Digital Camera, Others
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
Passenegr Car, Light Commercial Car, Heavy Commercial 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
- Robert Bosch
- Valeo
- Aptiv
- Magna
- GENTEX
- Grace Tech
- Sony
- LG Innotek
- TTE
- MCNEX
- Sekonix
Highlights of The Park Assist Camera 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:
- Thermal Camera
- Digital Camera
- Others
- By Application:
- Passenegr Car
- Light Commercial Car
- Heavy Commercial 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 Park Assist Camera 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
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- Consumer Insights
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- Product & Brand Management
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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?
Park Assist Camera is a camera system that helps drivers park their cars. The system uses sensors to detect when the car is in a parking space and then sends instructions to the driver on how to park the car.
Some of the major companies in the park assist camera market are Continental, Robert Bosch, Valeo, Aptiv, Magna, GENTEX, Grace Tech, Sony, LG Innotek, TTE, MCNEX, Sekonix.
The park assist camera market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Park Assist Camera Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Park Assist Camera Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Park Assist Camera Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Park Assist Camera Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Park Assist Camera Market Size & Forecast, 2020-2028
4.5.1 Park Assist Camera Market Size and Y-o-Y Growth
4.5.2 Park Assist Camera Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Thermal Camera
5.2.2 Digital Camera
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenegr Car
6.2.2 Light Commercial Car
6.2.3 Heavy Commercial Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Park Assist Camera Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Park Assist Camera Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Thermal Camera
9.6.2 Digital Camera
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenegr Car
9.10.2 Light Commercial Car
9.10.3 Heavy Commercial Car
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Thermal Camera
10.6.2 Digital Camera
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenegr Car
10.10.2 Light Commercial Car
10.10.3 Heavy Commercial Car
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Thermal Camera
11.6.2 Digital Camera
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenegr Car
11.10.2 Light Commercial Car
11.10.3 Heavy Commercial Car
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Thermal Camera
12.6.2 Digital Camera
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenegr Car
12.10.2 Light Commercial Car
12.10.3 Heavy Commercial Car
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Thermal Camera
13.6.2 Digital Camera
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenegr Car
13.10.2 Light Commercial Car
13.10.3 Heavy Commercial Car
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Park Assist Camera Market: Competitive Dashboard
14.2 Global Park Assist Camera Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 Robert Bosch
14.3.3 Valeo
14.3.4 Aptiv
14.3.5 Magna
14.3.6 GENTEX
14.3.7 Grace Tech
14.3.8 Sony
14.3.9 LG Innotek
14.3.10 TTE
14.3.11 MCNEX
14.3.12 Sekonix
