Press release
Expansion of Smart Parking System Market During 2018 - 2023 to Gain Robust Traction with worldwide Key player’s ( 3M, Amano Corporation, Cubic Corporation, Thales, Kapsch TrafficCom AG )
Smart Parking System
Global Smart Parking System Market Overview:
According to Market Analyst, The Global Smart Parking System Market is projected to grow at a healthy growth rate from 2018 to 2023.
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Smart Parking System is the most invented parking system that is designed to improve parking efficiency, customer experience. It is also aimed to improve environmental damages. Smart parking system includes a lot of components such as Smart pay station, parking guidance, automotive parking lot, etc. rising concern over growing traffic congestion in cities, limited parking space availability, and stringent emission regulations. Favorable government policies are also encouraging the market growth of passenger cars equipped with smart parking system.
The increased use of automobiles and the trend of urbanization are leading to paucity in parking spaces. Technological advancements such as online payments and development of mobile apps for reserving parking slots are instrumental in driving the implementation of smart parking systems.
The Data center industry is undergoing enormous growth, due to significant rise in online users and increased transactions in recent years. Increasing business demands for cloud-based services and data storage facilities around the globe is a major factor driving the growth of Smart Parking System market.
Global Smart Parking System Market is segmented on the basis of Product Type, Technology,End User and Region.
On the Basis of Technology, Ultrasonic sensors is expected to dominate the smart parking market for passenger cars. Based on End user, Commercial use is expected to hold the largest market During Forecast Period.
Regionally, Europe is estimated to dominate the smart parking market in passenger cars, owing to the increased use of cameras and ultrasonic sensors in passenger cars. Also Asia Pacificis projected to grow at the highest CAGR during the forecast period. Parking in congested parking spaces is fast becoming a key concern for drivers in this region.
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Market Players of Global Smart Parking System Market:
1 3M
2 Amano Corporation
3 Cubic Corporation
4 Thales
5 Kapsch TrafficCom AG
6 Nortech Control Systems Limited
7 Siemens
8 Swarco AG and more….
The Market is segmented and projected on the basis of major Region Segmentation
1 North America (U.S., Canada, Mexico)
2 Europe (Germany, U.K., France, Italy, Russia, Spain etc)
3 South America (Brazil, Argentina etc)
4 Middle East & Africa (Saudi Arabia, South Africa etc)
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The Market is segmented and projected on the basis of Type Segmentation
1 On-Street
2 Off-Street
The Market is segmented and projected on the basis of End user/ Application Segmentation
1 Commercial Use
2 Residential Use
3 Government Use
4 Others
Key Questions Answered in this Report:
1 What will the market size be in 2023?
2 What are the key factors driving the Smart Parking System Market?
3 What are the challenges to market growth?
4 Who are the key players in the Smart Parking System Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Market Definition
2 Global Market by Vendors
3 Global Market by Type
4 Global Market by End-Use / Application
5 Global Market by Regions
6 North America Market
7 Europe Market
8 Asia-Pacific Market
9 South America Market
10 Middle East & Africa Market
11 Market Forecast
12 Key Manufacturers
13 Research Conclusion
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