Smart Parking Market by Valeo S.A., Continental AG, Robert Bosch GmbH, Kapsch TrafficCom AG, Cubic Corporation, TKH Group-Park Assist.

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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.
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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 also 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. The smart
parking market is projected to grow at a CAGR of
17.94 during the forecast period, to reach a
market size of USD 5.25 billion by 2021 from USD
2.13 billion in 2015. Download our free PDF
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The demand for parking management solutions is
increasing, owing to the growing concerns related
to traffic congestion and environmental
pollution. Parking space operators are offering
various services such as security and
surveillance, parking reservation management,
valet parking management, and license plate
recognition. These services reduce wastage of
time, enable pre booking of parking spaces,
provide cashless payment options, and enhanced
security of vehicle. The parking management
market in Asia-Oceania is estimated to be growing
at a high CAGR due to the rising number of
vehicles on the road, in this region and the need
for better traffic and parking management. Reques
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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.
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Ultrasonic sensor to be the largest sensor
technology used in 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. Request for sample https//www.m
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9229
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• Smart Parking Market Target Audience
• Automotive smart park assist system manufacturers
  component suppliers
• Parking Management Solution Providers
• Parking Management Hardware and Services
  Providers
• Automotive OEMs, Industry Associations, and other
  driver assistance manufacturers
• The automobile industry and related end-user
  industries
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Key players - Key players in the market include
Valeo S.A. (France), Continental AG (Germany),
Robert Bosch GmbH (Germany), Kapsch TrafficCom AG
(Austria), Cubic Corporation (U.S.), TKH
Group-Park Assist (Netherlands). These players
are increasingly undertaking mergers and
acquisitions, and product launches to develop and
introduce new technologies and products in the
market.
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