Automated Valet Parking Market

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.
Automated Valet Parking Market aims to provide a comprehensive presentation of the global market for Automated Valet Parking (AVP), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automated Valet Parking (AVP). Automated Valet Parking Market contains market size and forecasts of Automated Valet Parking (AVP) in global, including the following market information:
Global Automated Valet Parking (AVP) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Automated Valet Parking (AVP) market was valued at US$ 363.7 million in 2022 and is projected to reach US$ 3072.2 million by 2029, at a CAGR of 35.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Automated Valet Parking (AVP) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automated Valet Parking (AVP) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Automated Valet Parking (AVP) Market Segment Percentages, by Type, 2022 (%)
Millimeter Wave Radar
Surround View
Global Automated Valet Parking (AVP) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Automated Valet Parking (AVP) Market Segment Percentages, by Application, 2022 (%)
Flat Floor (Helical)
Flat Floor (One-Way Ramp)
Others
Global Automated Valet Parking (AVP) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Automated Valet Parking (AVP) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automated Valet Parking (AVP) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Automated Valet Parking (AVP) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Valeo
Robert Bosch
Continental Automotive
Yushi
Holomatic
Horizon Robotics
ZongMu
BIDU
Momenta
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automated Valet Parking (AVP), market overview.
Chapter 2: Global Automated Valet Parking (AVP) market size in revenue.
Chapter 3: Detailed analysis of Automated Valet Parking (AVP) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automated Valet Parking (AVP) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.