Increasing difficulty to park a vehicle without damaging in lesser parking spaces is expected to drive the parking sensors market demand over the forecast period. Changing car dimensions is expected to drive the market over next six years. Additionally, parking sensors can boost safety and prevents accidents with pedestrians. The sensors can detect various obstacles such as walls, children, pillars and fences, which is expected to provide positive avenues to market demand over the next six years.
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To Get sample Brochure now@ http://tinyurl.com/zd88owc Infrared sensors are electronic components that emanate the radiation and detect light signals in the infrared range. There is high scope for the Infrared Sensors Market due to its applications in industries and other sectors during 2015-2020.
According to the market research 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
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The ultrasonic sensors market thrives amidst the rapid proliferation of automation trends across industries. These sensors play a pivotal role in automation applications such as robotics, industrial control systems, and smart infrastructure, enabling precise object detection, distance measurement, and liquid level sensing.
Smart parking is a vehicle parking system that helps drivers find a parking space at minimal cost. It consists of sensors, apps, smart parking meters, and mobile phone automated payment systems that allow drivers to reserve parking in advance and pay by credit card or cash.
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The global smart parking systems market was worth USD 4.5 billion in 2020 and is further projected to reach USD 17.2 billion by 2027, at a CAGR of 21.2% during the forecast period (2021-2027).
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The global automated parking system market size was USD 1319.9 Million in 2021 and is expected to register a revenue CAGR of 15.1% during the forecast period, according to latest analysis by Emergen Research. Rising demand for sustainable parking solutions and rapid urbanization is a key factor driving market revenue growth.
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Smart Parking Market categorizes the Global 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.
Smart Parking Market in Western Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The passenger car 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.
Smart Parking Market categorizes the Global 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 .
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The prevention of vehicular road accidents is a top priority for all the countries. Every year, a substantial amount of lives are lost due to road accidents. Against this backdrop, the adoption of ADAS sensors has become a top priority.
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Global Driver Assistance System Market by Type (Adaptive Cruise Control (ACC), Lane Departure Warning System (LDWS), Intelligent Park Assist System (IPAS), Driver Drowsiness System, Blind Spot Detection (BSD) System, Night Vision, Tire Pressure Monitoring System (TPMS), Adaptive Front Lighting, Global Positioning System and Others), by Technology (Ultrasonic Sensor, Image Sensor, Radar Sensor and Other Sensors (Lidar Sensors and IR Sensors)) and by Region - Forecast 2027
Advanced driver-assistance systems Market by Type (Adaptive Cruise Control (ACC), Lane Departure Warning System (LDWS), Intelligent Park Assist System (IPAS), Driver Drowsiness System, Blind Spot Detection (BSD) System, Night Vision, Tire Pressure Monitoring System (TPMS), Adaptive Front Lighting, Global Positioning System and Others), by Technology (Ultrasonic Sensor, Image Sensor, Radar Sensor and Other Sensors (Lidar Sensors and IR Sensors)) and by Region - Forecast 2027
Get a sample brochure @ http://tinyurl.com/zf9pde9 Advanced driver assistance systems (ADAS) facilitate the driver in identifying hazardous road conditions thereby improving the driving experience with enhanced safety. The implementation of ADAS systems on different vehicles can significantly reduce the number of road accidents and severity of injuries. Different sensors such as ultrasonic, image, RADAR, LiDAR, infrared and LASER provide enhanced features including parking assistance, lane departure warning, tire pressure monitoring, adaptive cruise control, blind spot detection, drowsiness monitoring and night vision. The ongoing technological developments have resulted in expanding ADAS beyond high-end vehicles into high-volume mainstream implementations.
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