As per MRFR analysis, the Automotive Park Assist Market Share is experiencing strong momentum as vehicle manufacturers increasingly prioritize safety and convenience features in modern automobiles. Park assist technology — a key component of Advanced Driver Assistance Systems (ADAS) — helps drivers park more accurately by providing automated steering, sensor alerts, and sometimes full automated parking capability. With rising global demand for enhanced safety systems, advanced sensors, and automation in driving, park assist has transitioned from a luxury option to an increasingly common feature even in mid‑range vehicles.
Market size has been steadily increasing, with the park assist segment contributing significantly to the broader ADAS market.
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