Key players of Smart Parking Market
A key factor restraining the growth of smart parking components is the high cost of
implementing the smart parking system in a passenger car. Adequate smart parking
infrastructure is also crucial to the growth of smart parking market.
Key players in the market include Valeo S.A. (France), Continental AG (Germany),
Robert Bosch GmbH (Germany), Kapsch TrafficCom AG (Austria), Cubic Corporation
(U.S.), TKH Group-Park Assist (Netherlands). These players are increasingly undertaking
mergers and acquisitions, and product launches to develop and introduce new
technologies and products in the market.