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Smart Parking Market Analysis By Key Players, SWOT Analysis, Growth Factors and Forecast till 2028
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COVID-19 scenario:
• The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
• The companies operating in the Smart Parking market have been positively impacted due to the COVID-19 pandemic resulted in an increase in the growth of the market for 2020 and 2021.
The major factor that has impacted the growth of the market includes The smart parking market for passenger cars is expected to be dominated by ultrasonic sensors. The primary application of ultrasonic sensors in smart parking is to assist the driver in locating an appropriate parking space and to detect obstacles in the parking range in the short-range. Ultrasonic sensors are preferred because they are less expensive than image and radar sensors.
Regional Analysis
Asia-Oceania is expected to be the fastest-growing smart parking market for parking sensors. The increasing number of vehicles on the road, combined with government initiatives such as smart cities, is expected to result in better traffic and parking management solutions in Asia-Oceania in the future.
IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.
The global Smart Parking market provides an in-depth analysis of key players which includes:
• Amano McGann, Inc.
• Continental
• Dongyang Menics Co, Ltd
• IEM
• IPS Group Inc
• Klaus Multiparking Systems
• Robert Bosch GmbH
• Smart Parking Limited
• Swarco AG
• Urbiotica
The global Smart Parking Market is segmented based on System, Technology, Solution, and Component. Based on System, the market is segmented as Guided & Smart Park. Based on Technology, the market is segmented as Ultrasonic, Radar, Image. Based on Solution, the market is segmented as Security & Surveillance, Valet & Parking Reservation, License Plate Recognition and based on the Component, the market is analyzed on Parking Sensors, Steering Angle Sensors, Electronic Control Unit (ECU), Display Unit.
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)
Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Smart Parking Market
• Value Chain Analysis of Global Smart Parking Market
• What is the CAGR of the global Smart Parking Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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