Lucintel’s latest market report analyzed that smart parking provides attractive opportunities in the ultrasonic, radar, and image sensor markets. The smart parking market is expected to grow with a CAGR of 18%. In this market, Security & surveillance is the largest segment by solution.
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Based on solution, the smart parking market is segmented into security & surveillance, valet parking management, parking reservation management, and license plate recognition. The security & surveillance segment accounted for the largest share of the market in 2020.
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The smart parking market is marked by the presence of several big and small players. Some of the prominent players offering smart parking include Robert Bosch, Continental, Aisin Seiki, Valeo, Siemens, Xerox Corporation, and Cubic Corporation, and others.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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