Visiongain report states that the Automotive Smart Parking Systems Market is Set To Reach $3.26bn In 2018
20 July 2018
Visiongain’ has launched a new automotive report Automotive Smart Parking Systems Market Report 2018-2028 : Forecasts By Solution Type (Hardware Parts, Software, Services), By Parking Sites (Off- Street, On- Street), by Application Sector (Transportation, Government Facilities, Commercial Area) By Geography Plus Analysis of Leading Companies Developing Connected Parking Systems, Mobile Apps, Long Range Wide Area Networks (LoRaWaN), Internet Of Things (IoT), RFID, Sensors, Network Devices, Big Data & Cloud Software.
Visiongain’s analysis of the market has concluded that the global smart parking market is expected to reach US$3.26bn in 2018.
Smart parking addresses parking issues, by making it easier for drivers to park their vehicles without wasting time and fuel. Smart parking systems obtains information about available parking spaces in a particular area and process it in real time to provide information to the drivers which helps them to park vehicles at available positions. It involves using low-cost sensors, real-time data collection, and mobile-phone-enabled automated payment systems that enable drivers to reserve parking in advance or very accurately predict where they will likely find a spot for parking. When deployed as a system, smart parking thus reduces car emissions in urban centres by reducing the need for people to needlessly circle city blocks searching for parking. It also permits cities to carefully manage their parking supply.
Leading companies featured in the report who are involved in developing smart parking systems include Kapsch Trafficcom AG, Xerox Corp., Nedap N.V., Amano Corporation, Cisco Systems, Inc., Robert Bosch GmbH , Continental AG, Smart Parking Ltd., Aisin Seiki Co., Ltd., and Siemens AG
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