The Smart Parking Technologies Market is expected to be around US$ 9 Billion by 2027 at a CAGR of 19.01%.. The market for park assists system is driven by factors such as increased consumer preference towards comfort and luxury, and increased competition between OEMs to offer such driver assistance features. Additionally, government policies supporting smart parking systems is also a major demand driver for passenger car smart parking market. The U.S. National Highway Traffic Safety Administration (NHTSA) ruled that all new passenger cars shall be equipped with rear view cameras from 2018 onwards and the Indian Ministry of Road Transport and Highway (MoRTH) is expected to make rear view sensors mandatory for all passenger vehicles in India. The base year considered for the study is 2015, and the forecast period is 2016 to 2021.
In addition, smart parking is adopted by many countries and hence it is becoming one of the most trending smart solutions across various public and private places including airports, universities, shopping centres, and city garages, globally. The features such as ability to easily connect with the parking lots, analyse, and automate data gathered from devices, and make it more fruitful for the market. The off-street parking method that is widely used worldwide is generally categorized into the vehicles that are not parked on the roads. For the operation of the smart parking, they involve low-cost sensors, real-time data collection, and smart phone enabled automated payment systems. This combination allows people to reserve parking in advance and predicts the location for parking. This system is linked with the mobile applications that notifies the user about current available parking space that further helps to reduce the time needed for searching the available free parking space. This smart parking system implies M2M technologies to properly manage parking supply and helps one of the biggest problems on driving in urban areas—finding empty parking spaces and controlling illegal parking.
Global Smart Parking Technologies Market is segmented based on the resin type as System, Type. Guided Park Assist, Smart parking Based on sensor technology it covers Ultrasonic Sensor, Radar Sensor, Image Sensor. The report segments global Smart Parking Technologies Market based on Component as Parking Sensors, Steering Angle Sensors, Electronic Control Unit (ECU), Display Unit. Based on Sensor Technology it covers Ultrasonic Sensor, Radar Sensor, Image Sensor. Based on vertical it covers government and commercial. Based on solution it covers Security and Surveillance, Parking Reservation Management, Valet Parking Management, License Plate Recognition. Global Smart Parking Technologies Market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Smart Parking Technologies Markets further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.
Competitive Rivalry
Global Smart Parking Technologies Market share consists of several players including suppliers such as Robert Bosch GmbH, Continental AG, Valeo S.A., Delphi Automotive PLC, Aisin Seiki Co., Ltd, Siemens AG, Xerox Corporation, Cubic Corporation, Amano Corporation, Kapsch Trafficcom AG, TKH Group–Park Assist, Nedap Identification Systems.
The Smart Parking Technologies Market has been segmented as below:
Smart Parking Technologies Market, By System Type
Smart Parking Technologies Market, By Sensor Technology
Smart Parking Technologies Market, By Component
Smart Parking Market, By Vertical
Smart Parking Market, By Solution
Smart Parking Technologies Market, By Region
The report covers:
Report scope:
The global Smart Parking Technologies Market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends.
The report scope includes market analysis on regional as well as country level. The report also provides competitive landscape covering company market shares with detailed profiling for major revenue contributing companies.
The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Robert Bosch GmbH, Continental AG, Valeo S.A., Delphi Automotive PLC, Aisin Seiki Co., Ltd, Siemens AG, Xerox Corporation, Cubic Corporation, Amano Corporation, Kapsch Trafficcom AG, TKH Group–Park Assist, Nedap Identification Systems.
Reasons to Buy this Report:
Customization:
Customized report as per the requirement can be offered with appropriate recommendations
Below are our new reports
Global Industrial Furnaces Market
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.2.1. Increased demand of vehicles leading to parking concerns
4.2.2. Increasing demand for (IoT) based technology
4.3. Restraints
4.3.1. High implementation cost and increased cost of vehicle
4.4. Opportunities
4.4.1. Initiative of developing ‘smart cities’
4.4.2. Advancements in autonomous cars and smart park technology
4.5. Challenges
4.5.1. System integration
4.5.2. Non-availability of supporting infrastructure
5. Smart Parking Technologies Market, System Type
5.1. Key Points
5.2. Guided Park Assist
5.3. Smart parking
6. Smart Parking Technologies Market, By Component
6.1. Key Points
6.2. Parking Sensors
6.3. Steering Angle Sensors
6.4. Electronic Control Unit (ECU)
6.5. Display Unit
7. Smart Parking Technologies Market, By Sensor Technology
7.1. Key Points
7.2. Ultrasonic Sensor
7.3. Radar Sensor
7.4. Image Sensor
8. Smart Parking Technologies Market, By Vertical
8.1. Key Points
8.2. Government
8.3. Commercial
9. Smart Parking Technologies Market, By Solution
9.1. Key Points
9.2. Security and Surveillance
9.3. Parking Reservation Management
9.4. Valet Parking Management
9.5. License Plate Recognition
10. Competitive Landscape
10.1. Introduction
10.2. Recent Developments
10.3. Mergers & Acquisitions
10.4. New Product Developments
10.5. Portfolio/Production Capacity Expansions
10.6. Joint Ventures, Collaborations, Partnerships & Agreements
10.7. Others
11. Company Profile
11.1. Robert Bosch GmbH
11.1.1. Company Overview
11.1.2. Product/Service Landscape
11.1.3. Financial Overview
11.1.4. Recent Developments
11.2. Continental AG
11.2.1. Company Overview
11.2.2. Product/Service Landscape
11.2.3. Financial Overview
11.2.4. Recent Developments
11.3. Valeo S.A.
11.3.1. Company Overview
11.3.2. Product/Service Landscape
11.3.3. Financial Overview
11.3.4. Recent Developments
11.4. Delphi Automotive PLC
11.4.1. Company Overview
11.4.2. Product/Service Landscape
11.4.3. Financial Overview
11.4.4. Recent Developments
11.5. Aisin Seiki Co., Ltd
11.5.1. Company Overview
11.5.2. Product/Service Landscape
11.5.3. Financial Overview
11.5.4. Recent Developments
11.6. Siemens AG
11.6.1. Company Overview
11.6.2. Product/Service Landscape
11.6.3. Financial Overview
11.6.4. Recent Developments
11.7. Xerox Corporation
11.7.1. Company Overview
11.7.2. Product/Service Landscape
11.7.3. Financial Overview
11.7.4. Recent Developments
11.8. Cubic Corporation
11.8.1. Company Overview
11.8.2. Product/Service Landscape
11.8.3. Financial Overview
11.8.4. Recent Developments
11.9. Amano Corporation
11.9.1. Company Overview
11.9.2. Product/Service Landscape
11.9.3. Financial Overview
11.9.4. Recent Developments
11.10. Kapsch Trafficcom AG
11.10.1. Company Overview
11.10.2. Product/Service Landscape
11.10.3. Financial Overview
11.10.4. Recent Developments
11.11. TKH Group–Park Assist
11.11.1. Company Overview
11.11.2. Product/Service Landscape
11.11.3. Financial Overview
11.11.4. Recent Developments
11.12. Nedap Identification Systems
11.12.1. Company Overview
11.12.2. Product/Service Landscape
11.12.3. Financial Overview
11.12.4. Recent Developments
11.13. Valeo S.A
11.13.1. Company Overview
11.13.2. Product/Service Landscape
11.13.3. Financial Overview
11.13.4. Recent Developments
11.14. BMW Group
11.14.1. Company Overview
11.14.2. Product/Service Landscape
11.14.3. Financial Overview
11.14.4. Recent Developments
The Smart Parking Technologies Market has been segmented as below:
Smart Parking Technologies Market, By System Type
Smart Parking Technologies Market, By Sensor Technology
Smart Parking Technologies Market, By Component
Smart Parking Market, By Vertical
Smart Parking Market, By Solution
Smart Parking Technologies Market, By Region
