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Pulished Date April, 2021
ID: 9836
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Trailer Assist System Market segmentation By Vehicle Type (Passenger Car, Light Commercial Vehicle, Truck), By User Type (Original Equipment Manufacturer Fitted, Aftermarket), By Component (Camera/Sensor, Software Module), By Technology (Semi-Autonomous and Autonomous) - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 9836
Pages: 175

Market Overview:

The global Trailer Assist System Market Size was esteemed at almost USD 53.21 million in 2021. The worldwide market is relied upon to develop at a CAGR of about 13% during the estimated time frame of 2021-2026. The new trailer assist framework has the capacity to control a vehicle trailer framework from outside the automobile with more noteworthy perceivability and awareness by utilizing a wireless smart gadget which can be used to remotely execute reversing and parking activities from outside the automobile. During the remote operation, to control low-speed controlling, moving, braking and increasing speed, and the driver can utilize a keen Android or iOS gadget to control the trailer assist framework. The vehicle manufacturers, together with aftermarket arrangement suppliers, are making over every effort to create first-class trailer assist frameworks to reduce street mishaps. This framework is required to help drivers in powerful maneuvering of streets. Trailer assist framework is utilized to assist the driver with parking or reverse the automobile with a towing trailer at the back. This framework limits driving mistake alongside sparing time. Trailer assist framework provides security and solace while reversing or parking the automobile. 

Recent Developments:

· Trailer Reverse Assist – utilizes an Intelligent Rear Camera Module for improved survey and trailer location. The trailer can be controlled with a control handle from inside the automobile. Alternatively, a remote tablet/smart gadget can be utilized to execute backing and parking activities from outside the car remotely.

· Tow Assist™ highlights antilock braking (ABS) for trailers. ABS, which keeps the wheels from locking during braking and guarantees that the automobile stays steerable as it is brought to a snappy and safe stop, has been a standard component in passenger automobiles in the United States since 2013. Presently with Tow Assist™, the innovation is accessible in trailers to assist maintaining control during braking.

· WABCO Holdings Inc. presented a coordinated Active Lateral Safety innovation suite to assist fleets with diminishing mishaps and increment driver control and solace in a full scope of working situations. The new suite incorporates the organization's reality class dynamic steering innovation with two Advanced Driver Assistance Systems (ADAS) to build up a thorough case of security around the vehicle.

Drivers and Restraints of the Trailer Assist System Market:

Drivers:

The expanding request of autonomous vehicles with security and solace highlights is a central point expected to multiply the development of the objective market in the years to come. Also, expanding adoption of towing trailer automobiles in developed nations is another factor expected to increase the development of the global trailer assist framework market. Besides, the execution of trailer assist framework in passenger automobiles and light commercial automobiles and improvement in technologies are factors expected to help the development of the objective market in the following ten years.

Restraints:

Moreover, the uses of towing trailers in developing nations are diminishing step by step, attributable to the expansion in the mishap. Likewise, the administration of South Africa fused specific guidelines and rules for towing trailers, which is likely to obstruct the development of the market.

Market Segmentation:

 By Vehicle Type:

  •  Passenger Car
  • Light Commercial Vehicle (LCV)
  • Truck 

The passenger vehicles sector is relied upon to enlist most noteworthy development in terms of income in the objective market attributable to expanding interest for the trailer assist framework in passenger vehicles.

By User Type:

  • Original Equipment Manufacturer (OEM) Fitted
  • Aftermarket 

The OEM fitted fragment is relied upon to represent outstanding income share in the following ten years. Expanding interest for towing trailers is a factor expected to drive sector development of the market.

By Component:

  • Camera/Sensor
  • Software Module 

The camera/sensor section is anticipated to enlist significant offer in terms of income in the objective market attributable to rising security measures. 

By Technology:

  • Semi-autonomous
  • Autonomous

The Autonomous section is likely to enroll most elevated development in terms of income in the objective market attributable to expanding activities and headway in innovation. 

Trailer Assist System Market Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa
    1. Middle East
    2. Africa

North America is relied upon to offer an excellent chance to the global trailer assist system market during the estimated time frame, from 2020 to 2027. The area with enough spending limit on vehicle customization is probably going to offer extensive development opportunities for the market in the forecast period. The US and Canada both are probably going to account a significant job in initiating the development of the worldwide trailer assist framework market. Western Europe is foreseen to hold the most significant piece of the overall industry during the estimated period because of a portion of the notable key players in the area and developed economies. For example, Germany and France are doing quick up-gradation in car segments that came about to the most noteworthy development and interest in this innovation. In the Asia Pacific, nations like China and India are witnessing the expanded sale of vehicles, which is predicted to offer valuable opportunities to the market. Latin America is foreseen to follow the Asia Pacific over the expected time frame. The Middle East and Africa area is likely to have a reasonable offer in the trailer assist system market when contrasted with different locales.

Key Players of Market:     

Some of the major players involved in the global trailer assist system market are Continental AG, Robert Bosch GmbH, WABCO Holdings Inc., TowGo, LLC, Valeo, Garmin Ltd., Cogent Embedded Inc., Echomaster, Ford Motor Company, Carit Automotive GmbH & Co. KG, Volkswagen AG, Delphi Automotive, Siemens AG, ZF Friedrichshafen AG, Westfalia Ltd., Hella KGaA Hueck & Co., Hitachi, Ltd., Magna International Inc., Land Rover, and some others.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Trailer Assist System Market, By Component                  

                    6.1.1 Camera/Sensor        

                    6.1.2 Software Module      

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Trailer Assist System Market, By Vehicle Type                

                    6.2.1 Passenger Car

                    6.2.2 Light Commercial Vehicle   

                    6.2.3 Truck  

                    6.2.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 Trailer Assist System Market, By User Type           

                    6.3.1 Original Equipment Manufacturer Fitted  

                    6.3.2 Aftermarket   

                    6.3.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 Trailer Assist System Market, By Technology                  

                    6.4.1 Semi-Autonomous   

                    6.4.2 Autonomous  

                    6.4.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Component         

                    7.2.3 By Vehicle Type        

                    7.2.4 By User Type  

                    7.2.5 By Technology          

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Component         

                    7.3.3 By Vehicle Type        

                    7.3.4 By User Type  

                    7.3.5 By Technology          

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Component         

                    7.4.3 By Vehicle Type        

                    7.4.4 By User Type  

                    7.4.5 By Technology          

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Component         

                    7.5.3 By Vehicle Type        

                    7.5.4 By User Type  

                    7.5.5 By Technology          

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Component         

                    7.6.3 By Vehicle Type        

                    7.6.4 By User Type  

                    7.6.5 By Technology          

8. Key Player Analysis                           

          8.1 Continental AG           

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Robert Bosch GmbH              

          8.3 WABCO Holdings Inc             

          8.4 TowGo, LLC                

          8.5 Valeo SA          

          8.6 Garmin Ltd                 

          8.7 Cogent Embedded Inc           

          8.8 Echomaster                

          8.9 Ford Motor Company            

          8.10 Carit Automotive GmbH & Co. KG            

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Trailer Assist System Market By Region, From 2021-2026 ( USD Billion )
  2. Global Trailer Assist System Market By Component, From 2021-2026 ( USD Billion )
  3. Global Camera/Sensor Market By Region, From 2021-2026 ( USD Billion )
  4. Global Software Module Market By Region, From 2021-2026 ( USD Billion )
  5. Global Trailer Assist System Market By Vehicle Type, From 2021-2026 ( USD Billion )
  6. Global Passenger Car Market By Region, From 2021-2026 ( USD Billion )
  7. Global Light Commercial Vehicle Market By Region, From 2021-2026 ( USD Billion )
  8. Global Truck Market By Region, From 2021-2026 ( USD Billion )
  9. Global Trailer Assist System Market By User Type, From 2021-2026 ( USD Billion )
  10. Global Original Equipment Manufacturer Fitted Market By Region, From 2021-2026 ( USD Billion )
  11. Global Aftermarket Market By Region, From 2021-2026 ( USD Billion )
  12. Global Trailer Assist System Market By Technology, From 2021-2026 ( USD Billion )
  13. Global Semi-Autonomous Market By Region, From 2021-2026 ( USD Billion )
  14. Global Autonomous Market By Region, From 2021-2026 ( USD Billion )

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