The automated valet parking service helps in the parking of automated vehicles. The consumer drives to the drop-off position and leaves the vehicle. Once the parking slot is available in the parking space, the consumer receives a message on smartphone and the vehicle automatically drives into the available parking spot. The current model of vehicle parking is no longer able to handle the increasing demand for parking vehicles efficiently. In the parking spot, the vehicle can charge if necessary.
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Key Market Players
- Robert Bosch GmbH.
- Daimler AG
- Clarion Co. Ltd.
- Continental AG
- Volkswagen AG
- Siemens AG
- XEROX Corporation
- Aisin Seiki
- Audi AG
- NVidia Corp.
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COVID-19 scenario analysis:
- The Covid-19 pandemic has made a major impact on everyday lives as the impact has been imposed for a confinement period, which can be measured through many changes in citizen’s habits including mobility patterns.
- The parking indicators such as turnover rate has an average number of vehicles using the same parking space over a specific period. Plus, the occupancy rate of a vehicle has a ratio between the number of parked vehicles and parking capacity has tremendously affected.
- The available parking spaces in city centers become more and more regulated to curb pollution levels and reduce congestion, the analysis of parking behavior is a critical step toward making educated decisions in the coming times.
- The average parking time each vehicle spends in a paid parking space has to be confined to restrain the huge gatherings in parking lots, which will eventually be implemented completely on the Internet of Things (IoT) shortly.
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Key benefits of the report:
- This study presents the analytical depiction of the valet parking technology market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the valet parking technology market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the valet parking technology market scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed valet parking technology market analysis based on competitive intensity and how the competition will take shape in the coming years.
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Questions answered in the valet parking technology market research report:
- What are the leading market players active in the valet parking technology market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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