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Automotive Intelligence Park Assist System Market Share

Report ID: GMI8185
Published Date: Feb 2024
Report Format: PDF

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Automotive Intelligence Park Assist System Market Share

Robert Bosch GmbH and ZF Friedrichshafen AG hold a significant market share of over 10% in the market. Robert Bosch GmbH focuses on developing innovative automotive intelligence park assist solutions with advanced features, such as automated parking mode selection, enhanced obstacle detection, and improved user interfaces. By continuously innovating its product offerings, the company differentiates itself in the market and meets evolving customer needs.

ZF vertically integrates its capabilities across the value chain, from sensors and actuators to control units and software platforms. By leveraging synergies across its diverse product portfolio, the company enhances development processes, optimizes system integration, and delivers comprehensive solutions to customers.

Automotive Intelligence Park Assist System Market Companies

Major companies operating in the automotive intelligence park assist system industry are:

Aisin Seiki Co., Ltd.
Continental AG
Denso Corporation
Hitachi Ltd.
Magna International
NXP Semiconductors
Robert Bosch GmbH
Siemens AG
Valeo SA
ZF Friedrichshafen AG

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive intelligence park assist system reached USD 11.3 billion in 2023 and is set to record over 17% CAGR between 2024 and 2032, owing to the increasing population and urbanization.

In 2023, the semi-autonomous park assist segment accounted for a market share of around 80%, as they are much cheaper than fully autonomous ones.

North America market share was around 35% in 2023, due to the strong emphasis on vehicle safety.

Aisin Seiki Co., Ltd., Continental AG, Denso Corporation, Hitachi Ltd., Magna International, NXP Semiconductors, Robert Bosch GmbH, Siemens AG, Valeo SA, and ZF Friedrichshafen AG.