Passenger Vehicle Automated Valet Parking System Market

AVP systems are designed to allow vehicles to park themselves without the assistance of a human driver. These systems employ a combination of sensors, cameras, and artificial intelligence to guide the vehicle to an available parking space, park it, and retrieve it when necessary. The market for automated valet parking systems designed for use in passenger vehicles such as sedans, SUVs, and vans is referred to as the passenger vehicle automated valet parking system market.

The Global Passenger Vehicle Automated Valet Parking System Market is projected to grow from $ **Billion in 2018 to $ **Billion in 2031 at a CAGR of **% in forecast period.
 

The demand for AVPS is expected to rise as the adoption of electric and self-driving vehicles grows. Because of their ability to park without the need for a human driver, these systems are well-suited to electric and autonomous vehicles. Many businesses are working to create smart parking infrastructure that will allow AVPS to run more efficiently. Sensors, cameras, and other technologies are used to assist vehicles in navigating parking garages and lots. As AVPS become more common, there is a greater emphasis on ensuring that they are safe for both drivers and pedestrians. This includes the creation of strong safety systems and the application of advanced technologies to help prevent accidents.

Some of the Major key Players are  Valeo, Bosch, Continental, UOSEE, HoloMatic (Beijing), Horizon Robotics, ZongmuTech etc…