Global Smart Parking Market Research Report 2022-2027
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Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights Report Description Global Smart Parking Market Outlook 2022-2027: According to the latest report by IMARC Group, titled "Global Smart Parking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global smart parking market reached a value of US$ 3.97 Billion in 2021. Smart parking refers to an intelligent parking solution that assists drivers with safe parking. It includes in-ground smart parking and pavement sensors to determine the occupancy, cameras, automatic number plate recognition readers (ANPR), and vehicle counting equipment that is usually embedded in parking spots to detect and transmit data. It optimizes parking space through parking guidance systems (PGS), ticketing systems, parking reserving barriers and automated access control systems. Smart parking aids in detecting parking space availability, reducing traffic, promoting smooth flow of traffic, enhancing user experience, increasing safety, decreasing management costs, limiting the cases of illegal parking, and optimizing on-street parking in garages, basements, and cities. Request for a PDF sample of this report: https://www.imarcgroup.com/smart-parking-market/requestsample
Report Description and Highlights
Report Description
Global Smart Parking Market Drivers/Constraints: The increasing production and sales of vehicles and rising traffic congestion across the globe are creating a positive outlook for the market. Smart parking systems are widely used to optimize parking due to the limited space for the smooth flow of traffic. In line with this, the increasing demand for luxurious and comfortable vehicles due to the rising disposable incomes and growing urbanization, especially in emerging economies, is favoring the market growth. Apart from this, the introduction of automated valet parking robots that assists in safely parking the vehicle and improving space utilization is also providing a thrust to the market growth. Additionally, the widespread product adoption due to the rising environmental consciousness is positively impacting the market growth. Smart parking assists in reducing pollution and unnecessary paper consumption by replacing cash payments for parking with digital invoices sent directly on the user’s smartphone. Other factors, including the increasing adoption of the Internet of Things (IoT) and applied technology, development of green and smart cities and the implementation of various government initiatives for safe and legal parking, are anticipated to drive the market toward growth. View Report TOC, Figures and Tables: https://www.imarcgroup.com/smart-parking-market
Report Description and Highlights
Report Description Key Market Segmentation
The research report includes the following segments:
Breakup by System: • •
Guided Park Assist System Smart Park Assist System
Breakup by Technology: • • • •
Ultrasonic Sensors Radar Sensors Image Sensors IoT
Breakup by Parking Site: • •
Off-Street Parking On-Street Parking
Report Description and Highlights
Report Description Breakup by Component: • • •
Hardware Software Services
Breakup by Solution: • • •
Security and Surveillance Valet and Parking Reservation License Plate Recognition
Breakup by Vertical Type: • • •
Government and Municipalities Commercial Institutions Transport Facilities
Report Description and Highlights
Report Description Breakup by Region: • • • • •
North America Asia Pacific Europe Latin America Middle East and Africa
Looking forward, IMARC Group expects the market to reach US$ 8.52 Billion by 2027, exhibiting at a CAGR of 13.4% during 2022-2027.
Report Description and Highlights
Report Description Competitive Landscape: • • • • • • • • • • • • • • • • • • •
Valeo S.A Continental AG Robert Bosch GmbH Kapsch TrafficCom AG Cubic Corporation TKH Group-Park Assist Streetline Inc Cisco Systems Inc ParkMe Inc Urbiotica Skidata AG Amano McGann Inc Swarco AG Smart Parking Ltd Nedap N.V Delphi Automotive PLC Aisin Seiki Co. Ltd Siemens AG Xerox Corporation
Key Questions Answered in the Report
Report Description
1. What has been the historical growth rate of the global Smart Parking Market? 2. What has been the impact of COVID-19 on the global Smart Parking Market? 3. What are the key factors driving the global Smart Parking Market? 4. What is the breakup of the global Smart Parking Market based on the type? 5. What is the breakup of the global Smart Parking Market based on the application? 6. What is the breakup of the global Smart Parking Market based on the distribution channel? 7. What are the key regions in the global Smart Parking Market? 8. Who are the key players/companies in the global Smart Parking Market?
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click here: https://www.imarcgroup.com/smart-parking-market/requestsample
Report Description 1
Preface
2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology
3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends
Table of Contents
Report Description 5
Table of Contents
Global Smart Parking Market Industry 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10
Market Overview Market Performance Impact of COVID-19 Market Breakup by System Market Breakup by Technology Market Breakup by Component Market Breakup by Solution Market Breakup by Vertical Type Market Breakup by Parking Site Market Breakup by region
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/smart-parking-market/toc
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Report Description and Highlights
Report Description
© 2022 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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