Press release
Smart Parking Market: 2019 Industry Analysis by Robert Bosch GmbH, Continental AG, Valeo, Delphi Technologies, AISIN SEIKI Co. Ltd., Siemens AG, Cubic Corporation, Amano Corporation, Kapsch TrafficCom AG
Smart Parking Market
This worldwide Smart Parking Market report offers explore and counseling administrations concentrated on accomplishing aggressive influence, with getting and saving business sector position as key points of the program. The organization profiles of all the key players and brands that are overwhelming the Global Smart Parking Market have been mentioned in this report. The report has wide-going and extensive market experiences which depend on business knowledge. This Global Smart Parking Market report incorporates estimations of Compound Annual Growth Rate (CAGR) in % value for the anticipated period that will assist customer with taking choice dependent on cutting edge outline.
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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:
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
Table of Content: Global Smart Parking Market
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Smart Parking Market Landscape
Part 04: Global Smart Parking Market Sizing
Part 05: Global Smart Parking Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
And More…..Get Detailed TOC @ https://databridgemarketresearch.com/toc/?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
For More Details In-Depth Inquiry @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-smart-parking-market
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Data Bridge Market Research
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Data bridge Market Research 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.
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