Smart Parking Market is Expected to Reach US$ 28.8 Bn by 2029 According to New Research Report


Posted February 10, 2020 by ankush321

Smart city projects under which efficient traffic management systems is among the key objectives. With subsequent technological advancements resulting in cost reduction of components, and straightforward setup,.
 
Global Smart Parking Market Report by Future Market Insights

According to the latest market intelligence report by FMI, , the global market size of keyword pegged US$ 5.6 Bn in 2019, and is spectated to register to register US$ 28.8 Bn by the end of 2029 with a CAGR of 17.0% from 2019 to 2029.

The global Smart Parking Market report considers the following years to project the overall market growth:

History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 – 2029
The present scenario of the Smart Parking Market is elaborated in terms of volume (x units), value (Mn/Bn USD), production, and consumption. The report scrutinizes the market into various segments, end uses, regions and players on the basis of demand pattern, and future prospect.

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Vital insights in the Smart Parking Market research:

General information regarding the Smart Parking, including definition, classification and uses.
SWOT analysis to help readers understand the behavior of each Smart Parking
Adoption pattern of Smart Parking across key regions.
Smart Parking Market segmentation on the basis of product type, and end use industry alongwith respective market share.
Innovative manufacturing techniques implemented by Smart Parking vendors in brief.
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Segmentation Assessment

By product Sensor Technology :

Ultrasonic Sensors
RFID
Image Sensors
Others
By System Type:

Guided Park Assist Systems
Smart Park Assist Systems
By Application :

Commercial
Government
Corporate
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Regional Evaluation

North America
Latin America
Western Europe
Eastern Europe
APEC
Japan
MEA
The Smart Parking Market research also takes into account the important countries that hold significant share in the respective regions.

Competitive Landscape

smart parking market are Siemens
Huawei Technologies Co. Ltd.
Delphi Technologies
Intercomp S.p.A.
Comarch SA
Matrix Comsec
Urbiotica, Cisco Systems
Nwave
The Smart Parking Market research gets rid of the following queries:

How many units is the Smart Parking Market expected to produce in 2019?
Why are the Smart Parking Market players focusing on region for better market footprint?
What are the applications of Smart Parking in end use industry?
Which version of Smart Parking is witnessing the highest demand?
From which year the growth rate of global Smart Parking Market starts slowing down?
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Why go for Future Market Insights?

Future Market Insights thrive to provide unique business solutions to its clients beneficial for tackling various market challenges. With modern technologies, such as artificial intelligence, our analysts provide updated industry trends, and consumption patterns. We perform a three-step quality check process, which includes data collection, triangulation, and validation. Our analysts are active round-the-clock to facilitate clients with our expertise.
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Categories Automotive , Business
Tags smart parking market , smart parking market demand , smart parking market size
Last Updated February 10, 2020