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Autonomous Parking Market 2018 Forecasts

ReportsnReports.com adds report Global Autonomous Parking Market 2014-2018to its store.Global Autonomous Parking market to grow at a CAGR of 19.39 percent over the period 2013-2018. One of the key factors contributing to this market growth is the enhanced driver experience provided by the system. The Global Autonomous Parking market has also been witnessing growing focus towards driverless vehicles. However, the diversity in the amount of automation poses a challenge to the growth of this market.

A major trend being witnessed in the Global Autonomous Parking market is the increasing focus of vehicle manufacturers and electronics majors toward the development of driverless vehicles. Vendors are focusing on completely automating vehicle movement, include parking. These vehicles would have the capability to pick up people from their current location, drop them at a given location, and park the vehicle in the best possible spot. This technology is expected to be introduced in the market by 2020, and this would lead to the growth of the Global Autonomous Parking market during the forecast period.

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According to the report, the main factor driving the market is the enhanced driver experience provided by autonomous parking systems. Drivers in cities face immense issues when parking due to the presence of restricted space. The available parking areas require most individuals to use the parallel parking technique, which is a major challenge for most drivers.

Further, the report states that the inaccuracy of autonomous parking systems is one of the major challenges faced by the vendors in the market. Though vendors providing autonomous car parking systems might declare that the product is error-free, it might not be able to assist a vehicle to park in a huge space that contains numerous vehicles with different parking systems.

Global Autonomous Parking Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Autonomous Parking market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this space are Continental Automotive Systems, Hella KgaA Hueck & Co., Magna International Inc., Robert Bosch GmbH., TRW Inc., and Valeo SA
Other vendors mentioned in the report are Aisin Group., Audiovox Corp., Delphi Corp., Denso Corp., Ficosa International S.A., Hyundai Mobis, Iteris Inc., Mobileye Inc., and TRW Inc.

Key questions answered in this report:

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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