Market Research Updates

Smart Parking Market Excellent Growth By 2026| Continental AG, Valeo, Delphi Technologies, AISIN SEIKI Co. Ltd., Siemens AG, Cubic Corporation

Global Smart Parking Market

Global Smart Parking Market is expected to rise from its initial estimated value of USD 3.38 billion in 2018 to an estimated value of USD 12.60 billion by 2026, registering a CAGR of 17.85% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing concerns of parking amid growth in the number of vehicles. Some of the major competitors currently working in the smart parking market are Robert Bosch GmbH, Continental AG, Valeo, Delphi Technologies, AISIN SEIKI Co. Ltd., Siemens AG, Cubic Corporation, Amano Corporation, Kapsch TrafficCom AG, AppyParking, Smart Parking, TKH GROUP, and Nedap.

Get Sample Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-smart-parking-market

Market Definition: 

Smart parking is a parking technology that involves usage of combined resources of modern technology and human resources so that there is least amount of resources consumed and there is an increased efficiency. Smart parking connects with the different sensors situated on the street and on the parking infrastructures and connects with the vehicle sensors, using the combined data to safely park the vehicles, without any collision.

Market Drivers:

  • Rise in number of vehicles leading to concerns regarding the solutions for parking is expected to drive the market growth
  • Growing demand and adoption of IoT applied technology is also expected to be driving the market growth

Segmentation: Global Smart Parking Market

By System Type

  • Guided Park Assist
  • Smart Park Assist

By Component

  • Parking Sensors
  • Steering Angle Sensors
  • Electronic Control Unit (ECU)
  • Display Unit

By Sensor Technology

  • Ultrasonic Sensor
  • Radar Sensor
  • Image Sensor

By Vertical

  • Government
  • Commercial

By Solution

  • Security & Surveillance
  • Parking Reservation Management
  • Valet Parking Management
  • License Plate Recognition

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Rest of Middle East & Africa

For More Details In-Depth Inquiry @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-smart-parking-market

Key Developments in the Market:

  • In January 2019, China launched a first of its kind diagonal smart parking garage that drives and allocates the vehicles to a unique spot. In this smart parking system, the driver parks the car on a driving platform and the platform parks the vehicles in a free parking spot, retrieving the vehicle afterwards whenever the driver requires it.
  • In November 2016, Thai government announced their plans to adopt the 4.0 initiative with Bosch backing this initiative and planning to roll out automated valet parking based on this interconnection.

Competitive Analysis: Global Smart Parking Market

Global smart parking market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart parking market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Market Overview
  4. Executive Summary
  5. Premium Insights
  6. Global, By Component
  7. Product Type
  8. Delivery
  9. Industry Type
  10. Geography

10.1. Overview

10.2. North America

10.3. Europe

10.4. Asia-Pacific

10.5. South America

10.6. Middle East & Africa

  1. Company Landscape
  2. Company Profiles
  3. Related Reports

Access Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-smart-parking-market

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close