Vehicle Camera Market Insights and Major Trends Encouraging Growth Until The End Of 2023 - PowerPoint PPT Presentation

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Vehicle Camera Market Insights and Major Trends Encouraging Growth Until The End Of 2023

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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 – PowerPoint PPT presentation

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Title: Vehicle Camera Market Insights and Major Trends Encouraging Growth Until The End Of 2023


1
Smart Parking Market worth 5.25 Billion USD by
2021
www.MarketsandMarkets.com
2
Smart Parking Market - Global Forecast to
2021 The passenger car smart parking market is
projected to grow at a CAGR of 17.94 from 2016
to 2021, to reach a market size of USD 5.25
Billion by 2021. The market is driven by factors
such as limited parking space availability,
growing number of accidents caused by vehicles
reversing out of parking spaces and growing
consumer demand for advanced vehicle and
passenger safety systems in passenger cars. PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfd
ownload.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. RequestSample_at_
https//www.marketsandmarkets.com/pdfdownload.asp?
id123959229
5
Europe to be the largest market and
Asia-Oceania to be the fastest growing market for
smart parking in passenger cars Europe is
estimated to dominate the smart parking market in
passenger cars, owing to the increased use of
cameras and ultrasonic sensors in passenger cars.
Cameras improve visibility of the surrounding of
the car and ultrasonic sensors alert the driver
of obstacles around the car. Additionally, the
market is also driven by an increased demand for
driver assistance and safety solutions features
in passenger cars.  Asia-Oceania is projected to
grow at the highest CAGR during the forecast
period. Parking in congested parking spaces is
fast becoming a key concern for drivers in this
region.
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
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