Press release
Smart Parking Market At A Highest CAGR Of 17.85% With Leading Players AISIN, Siemens, Cubic Corporation, Kapsch TrafficCom AG, AppyParking, Bosch, Continental, Valeo, Delphi Technologies
The Growing CAGR value in the Global Smart Parking Market is quite concerning as this market is going to be flooded with new competitors.
This report contains all the figures needed to excel the market like all the recent CAGR values for the historic year 2017, base year 2018 and for the forecast year 2019-2026. While also giving a deep knowledge about what the market definition, classifications, applications and market trends are. SWOT analysis can help tell the market’s drivers and restrains. The report also explains what the top players moves are when it comes to developments, product launches, joint ventures, merges and accusations.
Get Sample Copy Of This Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-smart-parking-market
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) - Forecast to 2026
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.
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.
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
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
Segmentation: Global Smart Parking Market
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
Have Any Query? Ask Ours Expert @ https://databridgemarketresearch.com/speak-to-analyst/?dbmr=global-smart-parking-market
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.
Report synopsis
1. To analyze the market size of the market and infer the key trends from it.
2. Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
3. Industry Chain Suppliers of Global Smart Parking Market with Contact Information
4. To inspect the market based on product, market share and size of the product share.
5. Industry Chain Suppliers of Global Smart Parking Market with Contact Information
6. The key findings and recommendations highlight crucial progressive industry trends in the Global Smart Parking Market , thereby allowing players to develop effective long term strategies
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
This report contains all the figures needed to excel the market like all the recent CAGR values for the historic year 2017, base year 2018 and for the forecast year 2019-2026. While also giving a deep knowledge about what the market definition, classifications, applications and market trends are. SWOT analysis can help tell the market’s drivers and restrains. The report also explains what the top players moves are when it comes to developments, product launches, joint ventures, merges and accusations.
Get Sample Copy Of This Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-smart-parking-market
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) - Forecast to 2026
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.
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.
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
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
Segmentation: Global Smart Parking Market
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
Have Any Query? Ask Ours Expert @ https://databridgemarketresearch.com/speak-to-analyst/?dbmr=global-smart-parking-market
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.
Report synopsis
1. To analyze the market size of the market and infer the key trends from it.
2. Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
3. Industry Chain Suppliers of Global Smart Parking Market with Contact Information
4. To inspect the market based on product, market share and size of the product share.
5. Industry Chain Suppliers of Global Smart Parking Market with Contact Information
6. The key findings and recommendations highlight crucial progressive industry trends in the Global Smart Parking Market , thereby allowing players to develop effective long term strategies
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
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