automated parking system market Regions, Type and Application, Forecast to 2030

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Automated Parking System Market Size Worth USD
510.18 Million in 2030
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Rising demand for sustainable parking solutions
is a key factor driving automated parking system
market revenue growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
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. Rapid
adoption of integrated solutions, such as
Machine-to-Machine (M2M) connectivity, advanced
sensors, data analytics, smart parking meters,
and mobile applications for slot bookings and
payment purposes for automated parking solutions,
is one of the primary factors expected to drive
growth of the market. In addition, increasing
implementation of automation solutions for
parking solutions as well as smart parking
systems for proper management of dispersed
parking spaces and provision of easy assistance
to drivers for quickly locating available parking
spots are also driving market revenue growth.
Moreover, fully automated parking systems are
more efficient, capable, and secure, which is
driving revenue growth of the market.
Furthermore, fully automated parking systems
lower costs by lowering carbon emissions and
eliminating the need for manpower. Read More
https//www.emergenresearch.com/industry-report/au
tomated-parking-system-market
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Market Summary
Some Key Findings From the Report The hardware
segment accounted for a significant revenue share
in 2021. Increasing demand for RF modules,
microcontrollers, displays, ultrasonic sensors,
DC motors, motor drivers, and camera units for
installation and management of automated parking
systems is one of the key factors driving revenue
growth of this segment. Increasing car parking
concerns owing to limited parking space are
increasing implementation of IR sensors and
Internet of Things (IoT) technologies for
automation and easy tracking of available parking
spots. The commercial parking segment accounted
for largest revenue share in 2021 owing to rapid
urbanization and rising demand for parking
facilities in increasing commercial buildings
such as shopping malls. Rising number of
automobiles on the road is resulting traffic
congestion and high amount of emissions, thereby
increasing need for more parking spaces in
commercial areas. The fully automated segment
accounted for largest revenue share in 2021.
Fully automated parking systems offer efficiency,
increased capacity, and enhanced security
compared to semi-automated solutions, which is
driving revenue growth of this segment. Fully
automated parking systems help in reducing carbon
emissions and non-requirement of labor force,
thereby reducing cost. Request Free Sample _at_
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Market Summary
Market Segmentation Component Outlook (Revenue,
USD Million 2019-2030) Hardware Software Applica
tion Outlook (Revenue, USD Million
2019-2030) Commercial parking Residential
parking Structure Type Outlook (Revenue, USD
Million 2019-2030) Silo system Tower
system Puzzle system Shuttle system Rail Guided
Cart (RGC) system Automated Guided Vehicle (AGV)
system Request customization of the report _at_
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ization/1253
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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