Global Smart Parking Market - Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Application and Forecast 2019 - 2025


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Smart Parking Market for Automotive was valued at USD XX Billion in 2019 and is projected to reach USD XX billion by 2025, at a CAGR of XX% from 2020-2025. The Increasing demand of vehicles leading to parking concerns & Increasing demand for (IoT) based technology are the key factors of the market. Increasing consumer preferences for comfort and luxury and increasing competition between OEMs to provide driver assistance functions are the another key drivers of the market. In addition, government policies to support smart parking systems are a key driver of demand in the car market.