1. Global Automotive Parking Assistance System Market Report 2018-2023: Trends, Forecast and Competitive Analysis 1

2. Industry Profiles Snapshot Major ParameterDescription Market Segments by Component Type Camera and ultrasonic sensors Market Segments by Vehicle Type SUVs and crossovers, large cars, mid-size cars, and others Market Segments by End Use OEM and aftermarket Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Continental AG, Robert Bosch GmbH, Denso Corporation, ZF TRW Automotive Holdings Corporation, and Delphi Automotive PLC and others Trend Growth Rate and CAGR15.9% Key Industry Forecast The global automotive parking assistance system market is expected to reach an estimated $2.1 billion by 2023 and it is forecast to grow at a CAGR of 15.9% from 2018 to 2023 Key Industry Driver Driver: Increasing demand for assisted driving in constrained environments, and rising focus on safety and convenience, leading the OEMs to integrate the parking assistance systems into their vehicles. 2

3. Industry Overview Market Size The global automotive parking assistance system market is expected to reach an estimated $2.1 billion by 2023 and it is forecast to grow at a CAGR of 15.9% from 2018 to 2023. Emerging trends, which have a direct impact on the dynamics of the automotive parking assistance system industry, include the introduction of valet parking systems, adoption of LiDAR in parking assist systems, and the development of parking assistance systems for autonomous driving. Market Size (2023)$2.1 billion CAGR (2018-23)15.9% 3 Industry Performance : Forecast