December 22, 2020
New technology in cars?
Self-parking Vehicle System
- Self-parking vehicle system is an autonomous system that parks the vehicle at a designated parking space, automatically, without the need for driver intervention. The self-parking system utilizes data collected by sensors and cameras for efficient and accurate self-parking.
- High demand from customers for luxury vehicles is prompting OEMs and aftermarket companies to develop new and innovative technologies that would aid the customer’s needs.
- Self-parking Vehicle System Market is expected to grow from USD 18,199.77 Million in 2019 to USD 34,995.50 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 11.51%.
- Economic growth is improving the standard of living in developed countries and developing countries is a key factor driving the demand for private and public transport, thereby increasing the number of vehicles on road.
- Products - Ultrasonic Sensor System, Radar Sensor System, Image Sensor System
- Some Major Key Players - Continental AG, Siemens, ZF Friedrichshafen, Bosch.
- Download Full Report Get Market Analysis, Segment Analysis, Toc And Key Factors.