Latest research on Automated Parking Systems Market

Automated Parking Systems Market Latest Edition Published with Forecast to 2028


The article cited AMA's "Global Automated Parking Systems Market Study" explored substantial growth of %. According to the report, Growing Use of Internet of Things and Data Analytics in Automatic Parking Services is one of the primary growth factors for the market. Rise in Number of Vehicle Led to Parking Concern is also expected to contribute significantly to the Automated Parking Systems market. Overall, applications of Automated Parking Systems, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End Users, such as Residential, is boosting the Automated Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Technology, such as Mobile Technology,, is boosting the Automated Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Vehicle Type, such as Car, is boosting the Automated Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service & Solution, such as Integrated Payments, is boosting the Automated Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The System, such as Software, is boosting the Automated Parking Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Automated Parking Systems market identified that the demand is rising in many different parts of the world as "Emergence of Self-driving Cars ". Furthermore, some recent industry insights like "In February 2023, BMW and Valeo engage in strategic collaboration to jointly develop the next-generation Level 4 automated parking experience. The BMW Group and Valeo are taking their longstanding relationship to the next level with a new partnership. After announcing cooperation on ADAS domain controllers, sensors, and software for parking and maneuvering for BMW's next-generation platform "Neue Klasse"*, the BMW Group and Valeo have reached Level 4." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Automated Parking Systems market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automated Parking Systems market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Automated Parking Systems Market Study

Data Triangulation
The overall Automated Parking Systems market size is calculated using market estimation process, the Automated Parking Systems market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automated Parking Systems market size has been validated using both top-down and bottom-up approaches.

Craig Francis

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