The Global Smart Parking Market is estimated to reach USD 1.12 Billion at a CAGR 21.1% by 2023. North America will witness to be the largest market due to increased sales of a large number of a passenger vehicle.
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Growing problems related to land utilization and proper parking management are the key issue of overcrowded cities, which is anticipated to increase the demand for smart parking gadgets in recent years. Moreover, rapidly increasing the number of vehicles are expected to create huge expansion opportunity for the industry.
Increasing demand for smart infrastructure in airports, hospitals, office, railways, and mall are spurring the need for smart parking equipment.
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Furthermore, the configuration complexity and requirement of expert staff to operate the smart parking solutions are coupled together to hamper the growth of the global smart parking market during the forecast period. The global smart parking market is segmented by type, solution, technology, application and region.
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Major players in Smart Parking market are
- Altiux Innovation
- Nedap Avi
- Amco Corporation
- Delphi Automotive Plc
- Smart Parking Ltd.
- 3m Company
- Bayerische Motoren Werke Ag
- Robert Bosch Gmbh
- Cubic Corporation
- Cisco Systems Inc.
- Passport Parking Llc
Key Benefits of the report
*This report examines market size and growth rate by 2023
*This report provides current market and future growth expectations
*Market drivers, challenges, opportunities and threats in global smart parking market
*Impacts of disruptive technologies and examine the changing competitive dynamics
*Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved
*Examine forecast period using Porters five forces, supply chain and value chain analysis
*Data regarding companies and business decision by having complete insights on the market and creating in-depth analysis of market segments
*Automotive Software manufacture and suppliers
*Automotive Semiconductor equipment providers
*Raw material providers
*Research institutes and universites
*Industry experts and analyst
*Technology investors and VC's
Table of Contents:
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 Global Market By Product
8 Global Market By Application
9 Global Market By Region
10 Market Trends & Competitive Analysis
11 Company Profiles
12 Global Market Analysis By Region
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