Smart Parking Technologies is a system that can be installed in a roadside parking space.It can reduce the time required by drivers to find available parking Spaces, reduce noise emission by 2 db, and automatically control street parking violations.

Market Analysis and Insights: Global Smart Parking Technologies Market
The global Smart Parking Technologies market size is projected to reach US$ 37250 million by 2027, from US$ 18370 million in 2020, at a CAGR of 10.1% during 2021-2027.
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Global Smart Parking Technologies Scope and Market Size
Smart Parking Technologies market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Smart Parking Technologies market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Ultrasonic Sensor
Radar Sensor
Image Sensor

Segment by Application
Government
Commercial

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Amco Advanced Technologies
Nedap Identification Systems
Siemens
Worldsensing
Urbiotica
Objective
Bosch
Aisin Seiki