Smart Parking Market Comprehensive Study with Top Key Players: Bosch, Continental, Valeo, Delphi Technologies, Siemens, Cubic Corporation, Kapsch TrafficCom AG, Nedap, TKH Group N.V., Smart Parking Technology, AppyParking, AMANO CORPORATION

Owing to the changes in the Global Smart Parking Market, the Automotive industry is changing in the forecasted period from 2019 to 2026. The Global Smart Parking Market report is a window to the Global Smart Parking Market while explaining market definition, classifications, applications, engagements, and market trends.

The report also contains SWOT analysis for the Global Smart Parking Market which clarifies what the market drivers and restraints are, and also illustrates the recent developments, product launches, joint ventures, mergers and accusations by the several key players and brands that are driving the 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.

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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.

Key Market Competitors:

Few 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,
• Nedap.

Table of Content:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Global Smart Parking Market Landscape
• Market ecosystem
• Market characteristics
• Market segmentation analysis

Part 04: Global Smart Parking Market Sizing

• Market definition
• Market sizing
• Market size and forecast

Part 05: Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Part 06: Global Smart Parking Market Segmentation By Product

• Market segmentation by product
• Market segmentation By Applications
• Market segmentation By End Users
• Comparison by product
• Others - Market size and forecast
• Market opportunity by product

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Global Smart Parking Market,

By System Type (Guided Park Assist, Smart Park Assist),
Component (Parking Sensors, Steering Angle Sensors, ECU, Display Unit), Sensor Technology (Ultrasonic Sensor, Radar Sensor, Image Sensor),

Vertical (Government, Commercial),

Solution (Security & Surveillance, Parking Reservation Management, Valet Parking Management, License Plate Recognition),

Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

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
Market Restraints:

• High cost of implementing and subsequent increase in cost of the vehicles is expected to act as a restraint to the market growth

• Lack of awareness regarding the benefits of smart parking is also expected to act as a restraint to the market growth

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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

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