Smart Parking System Market
Research Report (2020-2025) Provides In-Depth Analysis by Scope, Growth Rate,
Driving Factors, Competitive Situation, Top Manufacturers and Upcoming Trends. Smart
Parking System Market report split global into several key Regions which mainly
includes Market Overview, Table of Content, List of Figures and Applications. Smart
Parking System Market Growing at Higher CAGR Rate of XX% between (2020-2025).
Summery:-
Global smart parking system
market is expected to grow at a significant CAGR in the upcoming period as the
scope and its applications are rising enormously across the globe. The smart
parking system is a parking strategy that use sensing devices to determine
occupancy at the space level. It uses sensor technology, smart navigation
mobile application, variable road message signs, and flexible payment systems
to direct drivers in urban areas.
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The key driving factors responsible for the growth of Smart Parking
System market :
The factors that are playing a
major role in the growth of smart parking system market are rising demand from
customers for enhanced passenger and vehicle safety systems in passenger cars,
limited space availability, and increasing number of accidents during reversing
vehicles out of parking. However, the high cost of implementation may restrain
overall market growth in the years to come. Smart parking systems market is
segmented based on system type, sensor technology, components, vertical,
solutions, and region.
Smart parking and guided park
assist are the system types that could be explored in a smart parking system in
the forecast period. An image sensor, ultrasonic sensor, and radar sensor are
the sensor technologies that could be explored in a smart parking system in the
forecast period. Ultrasonic sensor sector accounted for the significant market
share of the smart parking system and is estimated to lead the overall market
in the years to come. The reason could be its feature like assist the driver in
recognizing appropriate parking spaces and obstacles around the car. In
addition, radar sensor sector is estimated to grow at fastest pace in the years
to come.
ECUs, parking sensors, display
units, steering angle sensors, and other components could be explored in a
smart parking system in the forecast period. Parking sensor sector accounted
for the significant market share of the smart parking system and is estimated
to continue its dominance in the years to come. The reason could be rising
awareness among consumers regarding a smart parking.
Based on verticals, commercial
and government could classify smart parking system in the forecast period.
License plate recognition, security & surveillance, parking reservation
management, valet parking management, and other solutions could be explored in
a smart parking system in the forecast period.
Globally, Europe accounted for
the substantial market share of the smart parking system and is estimated to
lead the overall market in the years to come. The reason behind the overall
market growth could be rising use of ultrasonic sensors and cameras in
passenger cars and growing demand for safety solutions and driver assistance
features in passenger cars.
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Table of Contents:-
• Smart Parking System Market Overview
• Smart Parking System Market
Competition by Manufacturers
• Smart Parking System Market
Production, Revenue (Value) by Region (2014-2025)
• Smart Parking System Market Supply
(Production), Consumption, Export, Import by Regions (2014-2025)
• Smart Parking System Market
Production, Revenue (Value), Price Trend by Type
• Smart Parking System Market Analysis
by Application
• Smart Parking System Market
Manufacturers Profiles/Analysis
• Smart Parking System Market
Manufacturing Cost Analysis
• Smart Parking System Market Industrial
Chain, Sourcing Strategy and Downstream Buyers
• Smart Parking System Market Marketing
Strategy Analysis, Distributors/Traders
• Smart Parking System Market Effect
Factors Analysis
• Smart Parking System Market Research
Findings and Conclusion
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