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(IT-NEWSWIRE.COM, March 24, 2018 ) Publisher projects that the Smart Parking market size will grow from USD 2.71 Billion in 2017 to USD 7.32 Billion by 2023, at an estimated CAGR of 18%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The market is driven by factors such as limited parking space availability, growing number of accidents caused by vehicles reversing out of parking spaces and growing consumer demand for advanced vehicle and passenger safety systems in passenger cars.
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Smart Parking Market Players:
Robert Bosch GmbH
Continental AG
Valeo S.A.
Delphi Automotive PLC
Aisin Seiki Co.
Siemens AG
Xerox Corporation
Cubic Corporation
Amano Corporation
Kapsch Trafficcom AG
TKH Group-Park Assist
Nedap Identification Systems
By Product Type:
Ultrasonic, Radar, Image,
By Application:
Guided, Smart Park,
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Smart Parking market based on product and application. It also provides market size and forecast till 2023 for overall Smart Parking market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Also, key Smart Parking market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Reason to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Smart Parking market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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