Report Code: A07757 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Heavy Commercial Vehicle Real-time Parking System Market
Request Now !Real-time parking management system is an intelligent and effective system which helps the driver to find a safe & secure parking space for the heavy commercial vehicles. The parking system uses advanced technologies such as in-ground sensors, radio detection & ranging (RADAR) and light detection & ranging (LIDAR) to detect the presence of available parking slot. Thereby, allowing the driver to park without any hassle one goes through while parking a heavy commercial vehicle. Â Furthermore, a real-time parking system has become very helpful for the drivers due to an increase in traffic, massive size of the vehicle and unavailability of parking slots for convenient parking. Real-time parking system has enhanced capacity, effectiveness, reduced emission, and increased safety & convenience. Therefore, the increasing demand for safety & convenience for the cargo & driver is expected to boost the growth for the heavy commercial vehicle real-time parking management system market in the future.Â
COVID-19 scenario Analysis:Â
Increase in adoption of efficient real time parking system, upsurge in demand for internet of things (IoT) based technology and increase in parking concerns due to urbanisation are driving the growth of the market. However, issues with quality control norms and high implementation cost coupled with configuration complexity are expected to hamper the growth of the market. Contrarily, rise in investment for automation of heavy commercial vehicles is anticipated to create an opportunity for the market investments.
The global heavy commercial vehicle real-time parking management system market trends are as follows:
Due to an increase in urbanisation, time consumed on searching for an available parking space during office hours has become a tedious challenge for drivers in places such as hospitals, hotels, airports, universities, offices, shopping centers and exhibitions & convention centers. Furthermore, the constant rise in the number of vehicles produced and demanded globally has become a major problem which causes the major parking concerns in urban cities. Moreover, the parking challenges can be solved by using improved and advanced feature such as indication of available space on the alert system of the heavy commercial vehicle using smart parking technology. Real-time parking system will reduce the amount of time utilised by driver for finding an available parking slot for the vehicle and automate the process for searching the optimal parking floor. Therefore, increase in parking concerns due to urbanisation is anticipated to boost the market growth for the global heavy commercial vehicle real-time parking management system during the forecast period.
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Questions answered in the global heavy commercial vehicle real-time parking system market research report:
Heavy Commercial Vehicle Real-Time Parking System Market Report Highlights
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Key Market Players | Robotic Parking Systems Inc, Parknav, ParkMe Inc, Smart Parking Ltd, Spot Innovation Inc, T2 SYSTEMS, Cisco Systems Inc., Streetline, INRIX Inc, ParkWhiz API |
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