Japan Parking Guidance System Market was valued at USD 0.50 Billion in 2022 and is projected to reach USD 1.10 Billion by 2030, growing at a CAGR of 12.11% from 2024 to 2030.
The Parking Guidance System (Pgs) Market Has Seen Remarkable Growth In Recent Years, Driven By The Increasing Demand For Smart Solutions In Urban Areas. As Cities Become More Crowded, Finding Available Parking Spaces Is A Challenge For Both Drivers And City Planners. Pgs Solutions Are Designed To Tackle This Problem By Guiding Drivers To Available Parking Spots Efficiently, Reducing Traffic Congestion And Saving Time.
The Global Pgs Market Is Projected To Experience Significant Growth, With Advancements In Sensor Technologies, Iot, And Ai Playing A Crucial Role In Driving This Expansion. Sensors And Cameras Installed In Parking Lots Provide Real-Time Data On Available Spaces, Which Is Then Communicated To Drivers Via Mobile Apps Or Digital Signage. This Technology Helps Improve Parking Space Utilization And Enhances The Overall User Experience.
Urbanization And The Increasing Number Of Vehicles On The Road Are Some Of The Key Factors Fueling The Demand For Pgs. Moreover, Governments Are Pushing For Smart City Initiatives, Further Accelerating The Adoption Of Advanced Parking Management Solutions. The Market Is Also Witnessing An Uptick In Adoption In Shopping Malls, Airports, And Other Public Places, Where High Traffic Volumes Demand Efficient Parking Management.
The Parking Guidance System Market Is Expected To Grow At A Compound Annual Growth Rate (Cagr) Of Over 10% In The Coming Years. This Growth Is Driven By The Need For Better Traffic Flow Management, Increased Vehicle Density, And The Integration Of Ai And Machine Learning To Predict Parking Space Availability More Accurately. The Integration Of Mobile Applications For Real-Time Guidance Is Also Increasing The Adoption Of Pgs Among Tech-Savvy Consumers.
Furthermore, The Growing Concern Over Environmental Issues Is Pushing The Market Towards More Sustainable Solutions. Pgs Not Only Helps Save Time But Also Contributes To Reducing Carbon Emissions By Minimizing The Time Spent Searching For Parking Spaces. The Market Is Evolving As A Key Player In Improving City Infrastructure And Sustainability.
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Bosch
Delphi
Nexpa System
SWARCO AG
Omnitec Group
Garmin
NOVATEL WIRELESS
Inc
The Raytheon
Oracle Corporation
Google Inc
Samsung SDS Co.
Ltd.
Xerox Corporation
Kapsch TrafficCom AG
Siemens Traffic Solutions
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Parking Guidance System Market
Passenger Vehicles
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Parking Guidance System market share In 2023.
Sensors
Softwares
Services
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Parking Guidance System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Parking Guidance System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Parking Guidance System Market, By Type
6. Global Parking Guidance System Market, By Application
7. Global Parking Guidance System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Parking Guidance System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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