Global Trailer Assist System Market Report

The global demand for Trailer Assist System Market is presumed to reach the market size of nearly USD 245.05 MN by 2028 from USD 114.38 MN in 2021 with a CAGR of 11.5% under the study period 2022 - 2028.

A trailer assist system supports the driver of a vehicle in parking in a parking lane or a congested spot in the reverse direction. The trailer assist system technology helps the driver avoid any collision and reduces the likelihood of parking errors. With the support of an innovative back camera, the trailer assist system technology delivers the perfect steering angle. The new trailer assist system may control a vehicle trailer system from outside the vehicle, providing increased visibility and awareness by utilizing a wireless smart device that can be used to execute reversing and parking operations from outside the car remotely. 

Market Dynamics

Growing consumer safety awareness and an increase in the frequency of accidents have increased the global demand for trailer assist system technology. Increased technology improvements in automobiles to provide valuable and advanced features, combined with rising vehicle towing activities, particularly in developed nations, would generate attractive growth prospects for the trailer assist system market. Increasing innovations in semi-autonomous and autonomous vehicles are also driving industry expansion. Growing demand for passenger automobiles due to the rising population and increased personal disposable income will drive up demand for trailer assist system technologies. However, the high cost of the device and the restricted use of towing trailers in developing nations may stifle market growth.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of trailer assist system. The growth and trends of trailer assist system industry provide a holistic approach to this study. 

Market Segmentation

This section of the trailer assist system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Vehicle Type

• Passenger Car (Pc)
• Light Commercial Vehicle (Lcv)
• Heavy Commercial Vehicle (Hcv)

By User Type

• Oem Fitted
• Aftermarket

By Components

• Camera/Sensor
• Software Module

By Technology

• Semi-Autonomous
• Autonomous

By Applications

• Vehicle Manufacturing
• Traffic
• Others

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Trailer Assist System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Trailer Assist System Market Share by Region (Representative Graph)



The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the trailer assist system market include Volkswagen, Ford Motor Company, Continental AG, Robert Bosch GmbH, Magna International Inc., DornerWorks, Ltd., Jaguar Land Rover Limited, POCLAIN HYDRAULICS, General Motors, Westfalia-Automotive GmbH, TowGo, LLC, WABCO, Carit Automotive GmbH & Co. KG, Daimler AG, VALEO, Garmin Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.