ion (U.S.), Cubic Corporatio Regional Analysis:

#1 von xuezhiqian123 , 19.07.2019 03:45

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The report 鈥淪mart 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 鈥?Global Forecast to 2021鈥? 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.


Browse 78 market data tables and 58 figures spread through 164 pages and in-depth TOC on 鈥淪mart Parking Market


Read Report Overview 鈥?p>

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.


The Key Players of Smart parking Market Are:


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).


Regional Analysis:


Asia-Oceania is estimated to be the fastest growing market for parking sensors due to an increase in consumer awareness about smart parking systems in the region. Growing number of vehicles on the road combined with government initiatives such as smart cities are expected to develop better traffic and parking management solutions in Asia-Oceania, in the future. Parking management solutions use parking sensors such as cameras and ultrasonic sensors within an infrastructure that may or may not interact with in vehicle parking sensors to guide the vehicle to a suitable parking space. The demand for parking sensors will increase with an increase in implementation of parking management solutions that reduce time taken in finding a parking space and ease traffic congestion

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