Automotive Parking Guide System Market Segments, Opportunity, Growth and Forecast By End-use Industry 2018 – 2026

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Automotive Parking Guide System Market: Introduction

Automotive parking guide systems are a type of parking management system that use a variety of technologies to help drivers/motorists find vacant parking space as well as manage parking congestion. Automotive parking guide systems reduce the vehicle parking search time, which in turn, reduces traffic congestion, therefore ultimately easing traffic management, especially in public areas. Automotive parking guide systems combine traffic monitoring, communication, processing and variable message sign technologies to manage the traffic. Moreover, automotive parking guide systems help to reduce vehicle emission through proper circulation of traffic. Automotive parking guide systems are capable of handling all kinds of parking challenges.

In the current scenario, due to rapid modernization and growing demand for automobile from domestic and commercial sectors, parking congestion has become a huge problem. This, in turn, will propel the demand for automotive parking guide systems during the forecast period.

Automotive Parking Guide System Market: Dynamics

Rising traffic congestion across developed and developing nations is one of the key factors responsible for the growth of the automotive parking guide system market. Increasing urbanization and rising spending power of the middle class population will propel the demand for new automobiles, which in turn, will boost the growth of automotive parking guide system market during the forecast period. Moreover, these automotive parking guide systems provide assured security to the owner of the vehicle. This is another factor which will accelerate the growth of the automotive parking guide system market in near future. Automotive parking guide systems increase parking capacity and also manage the parking space in such a way that no traffic congestion occurs. Increasing demand for traffic management system in public places, such as malls, shopping complexes, multiplex, hospitals, airports and railway stations, among others, will boost the growth of automotive parking guide system market in near future. Furthermore, the efficient working of automotive parking guide systems make them user-friendly, which is another a key factor for the growth of global market over the forecast period.

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Lack of awareness in emerging and developing countries across the globe is expected to stagnate the growth of the automotive parking guide system.

Automotive Parking Guide System Market: Segmentation

The Automotive Parking Guide System Market can be segmented by product type and vehicle type.

On the basis of product type, the Automotive Parking Guide System market can be segmented into: Sensors Software Hardware

On the basis of vehicle type, the Automotive Parking Guide System market can be segmented into: Passenger Cars Light Commercial Vehicles Heavy Commercial Vehicles

Automotive Parking Guide System Market: Regional Outlook

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In automotive parking guide system market, North America and Western Europe are expected to dominate the market throughout the forecast period. Countries of Western Europe, such as Germany, France, U.K., Spain and Italy, among others, are expected to show significant potential for growth of automotive parking guide system market. In North America, the government has taken many initiatives to control traffic congestion and this will boost the growth of the automotive parking guide system market over the forecast period. Moreover, expanding fleet size in emerging and developing economies of Asia Pacific, such as India and China, will propel the demand for parking management systems, which in turn, will boost the growth of the automotive parking guide system market throughout the assessment period. In Latin America, Brazil & Mexico are expected to accelerate the growth of automotive parking guide system market due to increasing automotive production as well as increasing traffic congestion in the region. Eastern Europe and Middle East & Africa are estimated to grow at a healthy growth rate in near future.

Automotive Parking Guide System Market: Market Participants

Examples of some of the market participants identified across the value chain of the global Automotive Parking Guide System Market are: INDECT Automated Valet Parking Manager, LLC. Omnitec Group SWARCO AG Robert Bosch GmbH TKH Group Eito & Global Inc. Kapsch TrafficCom Cass Parking

The Automotive Parking Guide System research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The Automotive Parking Guide System report covers exhaust analysis on: Automotive Parking Guide System Market segments Automotive Parking Guide System Market dynamics Automotive Parking Guide System Market size Automotive Parking Guide System market supply & demand Automotive Parking Guide System market current trends/issues/challenges Automotive Parking Guide System market competition & companies involved Automotive Parking Guide System market technology Automotive Parking Guide System market value chain

Regional analysis includes: North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The Automotive Parking Guide System market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Automotive Parking Guide System market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Automotive Parking Guide System report also maps the qualitative impact of various market factors on market segments and geographies.

Automotive Parking Guide System Report Highlights: Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current, and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint

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