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Global Smart Parking Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2018-2023
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Orion Market Research GLOBAL SMART PARKING MARKET RESEARCH AND FORECAST 2018-2023 Global Smart Parking Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2018-2023
Definition The Smart Parking system is vehicle parking system which helps the person behind the wheel to search for vacant parking places, even booking of that space and paying the bill for the space online within some clicks is possible.
MARKET MOTIVATORS • Inclination towards automation • Growth in demand of smart infrastructure • Increasing ownership of vehicles • Rising traffic congestion problem
MARKET RESTRAINTS • High initial investment • Complexity related to configuring the smart parking system • Inaccurate sensor results leading to damage the vehicles
MARKET OPPORTUNITIES • Advancement in technology • Government funding and inclination towards smart cities • Deployment of iot
MARKET SEGMENTATION • BY SOLUTION • License/registration plate recognition • Parking reservation management • Security and surveillance • Valet parking management
MARKET SEGMENTATION • BY TECHNOLOGY USED • Image sensor • Radar sensor • Ultrasonic sensor
MARKET SEGMENTATION • BY COMPONENTS • Display units • Parking sensors • Steering angle sensors • Electronic control units • Others
COMPANY PROFILE • Smart Parking Ltd • TCS International Inc. • Cubic Corp. • Valeo S.A. • Delphi Automotive PLC • Robert Bosch GmbH • Siemens AG • Xerox Corporation • To Be Continued……
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