Smart Parking Market Industry Leaders & New Revenue Pockets

1
Smart Parking Market - Global Forecast to 2021
www.MarketsandMarkets.com
2
Smart Parking Market by System (Guided Smart
Park), Technology (Ultrasonic, Radar, Image),
Component, Parking Management by Solution
(Security Surveillance, Valet Parking
Reservation, License Plate Recognition), and
Vertical - Global Forecast to 2021 The market is
primarily driven by factors such as rising
concern over growing traffic congestion in
cities, limited parking space availability, and
stringent emission regulations. Favorable
government policies are also encouraging the
market growth of passenger cars equipped with
smart parking system. PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownload.asp?
id123959229

3
Smart parking would be the fastest growing
segment in the passenger cars park assist
market The smart parking market is projected to
grow at the highest CAGR during the forecast
period. The growth of this market is driven by
factors such as increasing innovation and
automation in vehicles, increasing consumers
preference for driver assistance features in
passenger cars, growing concern over parking
damages and accidents caused by human error while
parking and environmental concerns and stringent
emission regulation. In order to reduce accidents
caused during parking and while backing out of a
parking space, traffic congestion and pollution,
governments are promoting safe and smart
vehicles. This in turn supports the growth of
smart parking assist systems employed in
passenger cars.
4
Ultrasonic sensor to be the largest sensor
technology used in passenger cars smart parking
market Ultrasonic sensors is expected to
dominate the smart parking market for passenger
cars. The key application of ultrasonic sensors
in smart parking is to assist the driver by
identifying an appropriate parking space and
provide short range detection of obstacles in the
parking range. The ultrasonic sensors are
preferred owing to their lower cost as compared
with image and radar sensors. The average number
of ultrasonic sensors employed in a smart park
assist equipped passenger car are around 4-10
units according to MarketsandMarkets analysis.
Many automotive component manufactures such as
Continental AG (Germany) and Robert Bosch GmbH
(Germany) manufacture ultrasonic sensors catering
to various driver assistance functions in a
passenger car. RequestSample_at_ https//www.markets
andmarkets.com/speaktoanalyst.asp?id123959229
5
Report Market Cover The smart parking market
is dominated by a few global players, and
comprises several regional players. Some of the
key smart park assist manufactures operating in
the market are Valeo S.A. (France), Delphi
Automotive PLC (U.K.), Continental AG (Germany)
and Robert Bosch GmbH (Germany). Some of the key
players in the parking management solutions
providing company are Siemens AG (Germany), Xerox
Corporation (U.S.), Cubic Corporation (U.S.),
Amano Corporation (Japan), and Kapsch TrafficCom
AG (Austria).
6
Browse gtgt 78 market data
tables 58 figures
164 pages and in-depth TOC on Smart Parking
Market - Global Forecast to 2021 Early buyers
will receive 10 customization on this
report. This is a Premium Report Priced at US
5650 for single user. Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
7
Contact Mr. Shelly Singh MarketsandMarkets INC.
630 Dundee Road Suite 430 Northbrook, IL 60062
USA 1-888-600-6441 sales_at_marketsandmarkets.com