Germany Smart Parking Market is projected to grow at a double digit CAGR during 2023-2027 owing to increasing population, industrialization & urbanization, growing technological advancements and growing demand for improving the parking system. Smart parking helps in saving huge amount of fuel since it directs the drivers to the empty parking slots in the parking zone, which saves time & chaos as well. Furthermore, it provides flexibility, scalability, efficiency for all size of buildings & locations and ensures a smooth flow of traffic with lesser emissions.

The demand for parking sensors will increase with an increase in implementation of parking management solutions that reduce time taken in finding a parking space and ease traffic congestion. Moreover, increasing number of vehicles on the road combined with government initiatives such as smart cities are expected to develop better traffic and parking management solutions in Germany over the next five years.

Some of the major players operating in Germany Smart Parking Market are Continental AG, Robert Bosch GmbH, Delphi Automotive PLC, Aisin Seiki Co., Ltd, Valeo S.A., Siemens AG, Cubic Corporation, Xerox Corporations etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study:

To analyse and forecast the market size of Smart Parking Market, in terms of value and volume.
To classify and forecast Germany Smart Parking Market based on system type, component, sensor technology, solution, vertical and regional distribution.
To identify drivers and challenges for Germany Smart Parking Market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Germany Smart Parking Market.
To conduct the pricing analysis for Smart Parking Market.
To identify and analyse the profile of leading players involved in the manufacturing of Germany Smart Parking Market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Germany. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across Germany.

TechSci Research calculated the market size of Germany Smart Parking Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

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Key Target Audience:

Automotive smart park assists system manufacturers & component suppliers
Automobile OEM’s
Parking Management Solution Providers
Parking Management Hardware and Services Providers
Research Institutes
Associations, organizations, forums and alliances related to Smart Parking manufacturers.
Industry associations
Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023F – 2027F

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Component

·         Sensor Technology

·         Solution

Region Scope

North Rhine-Westphalia; Bavaria; Baden-Wurttemberg; Saxony; Hesse; Rest of Germany

Key Companies Profiled

Continental AG, Robert Bosch GmbH, Delphi Automotive PLC, Aisin Seiki Co., Ltd, Valeo S.A., Siemens AG, Cubic Corporation, Xerox Corporations.

Customization Scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Product Overview
Research Methodology
Impact of COVID-19 on Germany Smart Parking Market
Executive Summary
Voice of Customer

5.1.  Product Awareness

5.2.  Product Pricing

5.3.  Factors Influencing the Purchase Decision

Germany Smart Parking Market Overview 
Germany Smart Parking Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Component (Parking Sensors, Steering Angle Sensors, Electronic Control Unit (ECU) and Display Unit)

7.2.2.     By Sensor Technology (Ultrasonic Sensor, Image Sensor and Radar Sensor)

7.2.3.     By Solution (Security & Surveillance, Valet Parking Management, License Plate Recognition and Parking Reservation Management)

7.2.4.     By Region

7.2.5.     By Company

7.3.  Market Attractiveness Index

Germany Parking Sensors Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Sensor Technology

8.2.2.     By Solution

8.2.3.     By Country

8.3.  Market Attractiveness Index

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global, and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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