This Smart Parking market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Smart Parking report simplifies managing marketing of goods and services effectively.

Data Bridge Market Research analyses that the global smart parking market which was USD 5,315.26 million in 2022, is expected to reach USD 20,145.12 million by 2030, and is expected to undergo a CAGR of 18.35% during the forecast period 2023-2030. 

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Market Overview:

Smart parking has emerged as an important automobile feature over the years as it includes different types of sensors as a hardware component for detecting the presence or absence of vehicles. Smart parking system offers real-time data information regarding the availability of nearby parking space. The commercial is expected to witness significant growth in the vertical segment of the market owing to the development of the corporate and commercial parks industry.

Some of the major players operating in the Smart Parking market are Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), Delphi Technologies (U.K.), AISIN SEIKI Co. Ltd. (Japan), Siemens (Germany), Cubic Corporation (U.S.), Amano Corporation (Japan), Kapsch TrafficCom AG (Austria), AppyParking (UK), Smart Parking (Australia), TKH GROUP (Netherlands), Nedap (Netherlands), Urbiotica (Spain), SWARCO (Austria), KLAUS MULTIPARKING SYSTEMS PVT. LTD (India), IPS Group Inc. (U.S.), IEM SA (Switzerland), Dongyang Menics Co. (South Korea), Altiux Innovations (India), Parkmobile LLC (U.S.), and ParkMe, Inc. (U.S.) among others.

Global Smart Parking Market Scope

The global smart parking market is segmented on the basis of system type, component, sensor technology, vertical and solution. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

System Type

• Guided Park Assist

• Smart Park Assist

• On-Street

• Off-Street

Component

• Parking Sensors

• Steering Angle Sensors

• ECU

• Display Unit

Sensor Technology

• Ultrasonic Sensor

• Radar Sensor

• Image Sensor

Vertical

• Government

• Commercial

Solution

• Security and Surveillance

• Parking Reservation Management

• Valet Parking Management

• License Plate Recognition

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Smart Parking Market Landscape

Part 04: Global Smart Parking Market Sizing

Part 05: Global Smart Parking Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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