Global Automotive Park Assist Systems Market 2015-2019

12 Jan, 2016, 16:27 ET from Reportlinker

NEW YORK, Jan. 12, 2016 /PRNewswire/ --

About automotive PAS
Ever since the advent of electronics in automobiles, road safety has been a primary concern among consumers, governments and transport authorities, and automobile manufacturers. Vehicle, passenger, and pedestrian safety has gained attention, owing to a rise in the number of accidents worldwide and growing pressure from automotive regulatory bodies in countries such as the US, China, and India. This resulting in the commencing of driver assist systems, assuring enhanced safety compared to stand-alone passive safety and active safety systems. These driver assist systems are termed as life savior technology, as they help in reducing the severity of accidents, by warning the driver regarding the possible hazards and controlling the vehicle for some seconds in case of emergencies.

PAS have the capability to analyze and detect parking space, monitor the driver's actions, and assist the driver in parking the vehicle. They help in protecting pedestrians and objects in the rear part of a vehicle by adjusting the parking angle and displaying the rear image on a display unit. These systems are enabled with ultrasonic sensors and cameras, which provide real-time information and assist the driver while parking the vehicle.

Technavio's analysts forecast the global automotive PAS market to grow at a CAGR of 11.76% over the period 2014-2019.

Covered in this report
The report covers the current scenario and the growth prospects of the global automotive PAS market for the period of 2015-2019. To calculate the market size, the report considers the revenue generated from the sale of PAS by original equipment manufacturers (OEMs).

Technavio's report, Global Automotive PAS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, APAC, and ROW; it also covers the landscape of the global automotive PAS market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions
• APAC
Europe
North America
• ROW

Key vendors
• Bosch
• Continental
• Delphi Automotive
• Valeo
• ZF Friedrichshafen

Other prominent vendors
• Denso
• Ficosa International
• Ford Motor
• Magna International
• Mando
• Renault Group
• Toyota

Key market driver
• Growing use of rearview cameras in vehicles
• For a full, detailed list, view our report

Key market challenge
• Functional issues of PAS
• For a full, detailed list, view our report

Key market trend
• Integration with other automotive technologies and systems
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2019 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?

Read the full report: http://www.reportlinker.com/p02051552-summary/view-report.html

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