Smart Parking Market Top Players Revenue and Forecasts to 2026: Bosch, Continental, Valeo, Delphi Technologies, AISIN, Siemens, Cubic Corporation, Kapsch TrafficCom AG, AppyParking and More

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) - Forecast to 2026

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

Market Definition: Global Smart Parking Market

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

Have Any Query? Ask Ours Expert @ https://databridgemarketresearch.com/speak-to-analyst/?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 Market Competitors: Global Smart Parking Market

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, and Nedap.

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

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

About Us:

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune. We ponder into the heterogeneous markets in accord with our clients needs and scoop out the best possible solutions and detailed information about the market trends. Data Bridge delve into the markets across Asia, North America, South America, Africa to name few.

Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

This release was published on openPR.