Global Automated Valet Parking (AVP) Market Growth (Status and Outlook) 2023-2029

Global Automated Valet Parking (AVP) Market Growth (Status and Outlook) 2023-2029

The Automated Valet Parking (AVP) is used to realize fully autonomous vehicle autonomous driving in a specific area from the entrance/exit of the parking lot to the parking space, because of its low driving speed and the ability to maximize the specific operating site. The feature of ensuring safety is recognized by the industry as the first L4-level autonomous driving scene to be implemented. Automated Valet Parking is the first and last step of autonomous driving. The "first step" refers to the one-button summon function, and the "last step" is the one-button parking function. The basic requirements of the one-button parking function are: the user gets off the car at the designated drop-off point, and issues a parking instruction through the mobile APP. After receiving the instruction, the vehicle can automatically drive to the parking space in the parking lot, without user manipulation and monitoring. If multiple vehicles receive the parking instruction at the same time, the automatic waiting of multiple vehicles to enter the parking space can be realized. The basic requirements of the one-key calling function are: the user issues a car pickup order through the mobile phone APP, and the vehicle can automatically drive from the parking space to the designated pickup point after receiving the order.
LPI (LP Information)' newest research report, the “Automated Valet Parking (AVP) Industry Forecast” looks at past sales and reviews total world Automated Valet Parking (AVP) sales in 2022, providing a comprehensive analysis by region and market sector of projected Automated Valet Parking (AVP) sales for 2023 through 2029. With Automated Valet Parking (AVP) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automated Valet Parking (AVP) industry.
This Insight Report provides a comprehensive analysis of the global Automated Valet Parking (AVP) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automated Valet Parking (AVP) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automated Valet Parking (AVP) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automated Valet Parking (AVP) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automated Valet Parking (AVP).
The global Automated Valet Parking (AVP) market size is projected to grow from US$ 345.8 million in 2022 to US$ 3402.9 million in 2029; it is expected to grow at a CAGR of 38.6% from 2023 to 2029.
Global key players of automated valet parking (AVP) include Valeo, Bosch, Zongmu Tech, etc. The top three players hold a share about 82%. Key players are mainly located in United States, Europe and China, they occupied for a share about 99%. Europe is the largest market, has a share about 34%, followed by North America and Asia-Pacific, with share 33% and 32%, separately.
This report presents a comprehensive overview, market shares, and growth opportunities of Automated Valet Parking (AVP) market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Millimeter Wave Radar
Surround View
Segmentation by application
Flat Floor (Helical)
Flat Floor (One-Way Ramp)
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Valeo
Robert Bosch
Continental Automotive
Yushi
Holomatic
Horizon Robotics
ZongMu
BIDU
Momenta

Please note: The report will take approximately 2 business days to prepare and deliver.