The smart parking market is projected to grow at a CAGR of 17.94% during the
forecast period, to reach a market size of USD 5.25 billion by 2021 from USD 2.13
billion in 2015. The market for park assist system is driven by factors such as
increased consumer preference towards comfort and luxury, and increased
competition between oems to offer such driver assistance features. Additionally,
government policies supporting smart parking systems is also a major demand driver
for passenger car smart parking market.
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https://www.marketsandmarkets.com/Market-Reports/smart-
parking-market-123959229.html