Global Smart Parking Market 2020-2026 Review: Big, Bright and Booming

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This Global Smart Parking Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Automotive industry. The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market. This Global Smart Parking Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in the Automotive industry. The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the report.

The competitive analysis of the major market players studied in the Global Smart Parking Market report, assists businesses take better moves for improving their product and sales. The report contains the details about market analysis, market definition, market segmentation, key development areas, competitive analysis and research methodology. This Global Smart Parking Market report delivers the company profiles, product specifications, capacity, production value, and market shares of each company for the forecasted period of 2018-2025. All statistical and numerical information given in the Global Smart Parking Market report is symbolized with the help of graphs and charts which facilitates the understanding of facts and figures.

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.

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.

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

Market Restraints:

  • High cost of implementing and subsequent increase in cost of the vehicles is expected to act as a restraint to the market growth
  • Lack of awareness regarding the benefits of smart parking is also expected to act as a restraint to the market growth

Some of the prominent participants operating in this market are

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Conducts Overall Global Smart Parking Market Segmentation: This knowledgeable market research report offers lucrative opportunities by breaking down complex market data into segments on the basis of 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)– Industry Trends and Forecast to 2026.

The Global Smart Parking Market report covers market shares for global, Europe, North America, Asia Pacific and South America. The analysis of this report has been used to examine various segments that are relied upon to witness the quickest development based on the estimated forecast frame.

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.

Table Of Contents: Global Smart Parking Market

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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Browse in-depth TOC on “Global Smart Parking Market”

60–Tables                

220–No of Figures

350–Pages

Opportunities in the Global Smart Parking Market Report:-

  1. Comprehensive quantitative analysis of the industry is provided for the period of 2020-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
  2. Comprehensive analysis of the factors that drive and restrict the market growth is provided in the Global Smart Parking Market report.
  3. Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across regional.
  4. Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Global.

Key questions answered in the report:-

  1. What are the challenges being faced by the new entrants?
  2. Which will be the Global Smart Parking Market application and sorts and estimate joined intently by makers?
  3. Which will be the dangers which will attack growth?
  4. The length of the Global Smart Parking Market opportunity?
  5. How Global Smart Parking Market share advance vacillations their value from various assembling brands?

Reasons to Purchase this Report

  • Current and future of Global Smart Parking Market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Key benefits of buying the Global Smart Parking Market:

This Global Smart Parking Market report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends. This Global Smart Parking Market report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.

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Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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