Tuesday, March 30, 2021 05:02 AM

SMART PARKING TECHNOLOGIES MARKET: BIG PLAYERS FOCUSING ON PRODUCT ADVANCEMENTS FOR BUSINESS EXPANSION 2022 – THE MARKET EAGLE - THE MARKET EAGLE

The global market for smart parking technology[1] solutions and applications reached $13.1 billion in 2016. The market should reach $15.5 billion in 2017 and $35.3 billion by 2022, increasing at a compound annual growth rate (CAGR) of 17.9% during 2017-2022.

Report Scope:

For the scope of this report, smart parking is defined as a vehicle parking system where a set of hardware devices and software assist the driver finding a parking spot, signaling available locations and assisting the driver in parking the vehicle. Smart parking includes both driver assistance systems (mentioned as automotive park assist throughout the report) that are inside the vehicle (such as sensors, display systems, etc.) as well as smart parking equipment and solutions (such as cameras, sensors, etc.) installed in the parking lot (both on-street and off-street) (this is mentioned as assisted parking throughout the report).The report includes information about manufacturers and suppliers of smart parking technology products, and both are discussed and analyzed in the report. Also, the report talks about large companies that offer smart parking sensors and other products. The report also discusses companies that provide smart parking equipment and solutions through partnership with ...

News source: GOOGLE NEWS

See also: Lyle Industries