Technology News & Trends

  Autonomous Parking System Market: Introduction Automatic parking is an autonomous car-maneuvering system that moves a vehicle from a traffic lane into a parking spot to perform parallel, perpendicular, or angle parking Rising vehicle sales across the globe coupled with an increase in concern about parking spaces has been driving the demand for  autonomous parking systems Key Drivers of Autonomous Parking System Market Convenience and safety are major factors driving the demand for autonomous parking systems. Low-speed car accidents, such as those that occur in parking exercise, can be a source of serious injuries that include whiplash, concussions, and other soft tissue injuries. Parking assist features can help avoid these accidents and provide consumers with convenience and peace of mind that these capabilities provide. In the current urbanization context, increasing the parking capacity would be a challenge due to the growing scarcity of available urban space, while const...

  The  global automated parking management systems market  is markedly fragmented as each regional market can have different players holding prominent positions, notes Transparency Market Research (TMR). For instance, Skyline Parking and CityLift are expected to emerge as leading players in Europe and Asia Pacific. In North America, the top players are Robotic Parking Systems, Inc. and CityLift who hold a combined share of upward of 32.0% in the regional market. TMR finds that some of the other prominent players operating in the global automated parking management systems market are EITO&GLOBAL INC., Round Automated Parking System, Klaus Multiparking Systems Pvt. Ltd., Dayang Parking Co. Ltd, and Unitronics. TMR observes that top players are entering into mergers and acquisitions with other prominent players to strengthen their positions in the market. Top players are capitalizing on their robust geographic presence and a wide product portfolio to stay ahead of others...