Press release
Smart Parking Market Detailed Analysis of Current Scenario with Growth Forecasts to 2031| IPS Group, Aisin Corporation, Amano McGann,
Smart Parking Market
The Smart Parking Market size is expected to grow from USD 6.3 billion in 2023 to approximately USD 30.3 billion by 2031, growing at a CAGR of 17.4% during the forecast period from 2024 to 2031.
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Top Key Players are covered in this report:
IPS Group,
Aisin Corporation,
Amano McGann,
Continental AG,
IEM SA,
Smart Parking Ltd,
TKH Group,
Urbiotica, S.L.,
Robert Bosch GmbH,
SWARCO and Others.
The report contains qualitative and quantitative research on the Smart Parking market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.
Market Segmentation
Smart Parking market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
• Consulting Services
• Engineering Services
• Mobile App Parking Services
• Market segment by Application
• Commercial
• Government
• Transport Transit
By Sensor Technology
• Ultrasonic Sensor
• Radar Sensor
• Image Sensor
Which regions are leading the Business E-Commerce Market?
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Smart Parking System Market: Overview
Smart parking is a parking system that assists drivers in parking safely. The smart parking system provides real-time data on the availability of nearby parking spaces and allows the driver to accommodate that slot without interfering with other vehicles. Furthermore, this technology is designed to address the long-term issue of parking, which has a negative impact on the environment. Low-cost sensors, real-time data interference, and smart mobile applications that allow users to monitor available and unavailable parking spots are among the components of the technology. The ability to handle vehicle parking appropriately with the use of smart phones, as well as the development of infrastructure to support such mobility, result in a reduction in the amount of time spent by the user in locating a vacant parking slot.
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Market Segment Analysis:
The Smart Parking Report provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analyzed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.
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Key Questions Answered in this Smart Parking Market Report?
1- What is the market size and growth rate of the global and regional Smart Parking market by various segments?
2- Which region or sub-segment is expected to lead the market in the forecast period?
3- What factors are driving and restraining the market growth?
4- Which company has the highest market share?
5- How can I get statistical data about the top market players in the Global Smart Parking Market industry?
6- What is the market size and market growth rate in specific countries?
7- What are the key technologies and market trends shaping the Smart Parking market?
8- What are the key opportunities in the market?
9- What are the major companies operating in the Smart Parking market?
Note: All of the reports that we list have been tracking the impact of COVID-19 on the market. In doing this, both the upstream and downstream flow of the entire supply chain has been taken into account. In addition, where possible we will provide an additional COVID-19 update report/supplement to the report in Q3, please check with the sales team.
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