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Market Snapshot

CAGR:7.25

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.25

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Report Overview

Automotive Parking Guide System (PGS) Market Analysis Report 2023-2032

The Automotive Parking Guide System (PGS) Market is poised to experience a Compound Annual Growth Rate (CAGR) of 9.14% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase, reaching USD 3.8 billion by 2032. The growth of this market is driven by several factors, including the increasing need for efficient parking solutions, the rising number of vehicles on the road, and urbanization. PGS is designed to assist drivers in parking their vehicles safely and efficiently.

Automotive Parking Guide System (PGS) Market Overview

Drivers

A key driver behind the expansion of the Automotive Parking Guide System (PGS) Market is the growing need for efficient parking solutions. As urban areas become more congested and the number of vehicles on the road increases, finding available parking spaces and parking safely has become a challenge. PGS offers real-time guidance, helping drivers locate parking spots and navigate to them, reducing congestion and improving the overall parking experience.

The rising number of vehicles on the road is another significant driver. As the global vehicle fleet expands, parking facilities are under increasing pressure. PGS not only optimizes existing parking spaces but can also enable the development of automated and smart parking systems.

Trends

An important trend shaping the Automotive PGS Market is the integration of advanced technologies such as Internet of Things (IoT) and Artificial Intelligence (AI). IoT sensors can detect the availability of parking spaces and relay this information to drivers through mobile apps or in-car displays. AI algorithms can predict parking availability and guide drivers to optimal spots.

Additionally, the market is witnessing a trend of automated and robotic parking systems. These systems eliminate the need for drivers to park manually, especially in tight urban spaces, and further enhance parking efficiency.

Restraints

One of the restraints in the Automotive PGS Market is the cost associated with implementing PGS technology. Outfitting parking facilities with sensors and technology infrastructure can be a significant upfront investment. This cost can deter some parking operators from adopting PGS, especially in smaller or less congested areas.

Market competition and standardization of PGS technologies can also act as restraints. A lack of standardized systems can lead to compatibility issues and confusion for consumers.

Automotive Parking Guide System (PGS) Market Segmentation By Technology

The market includes various PGS technologies, including camera-based systems, ultrasonic sensors, and IoT-based solutions. Each technology has its advantages and may be suitable for different types of parking facilities.

Automotive Parking Guide System (PGS) Market Segmentation By Parking Facility Type

PGS can be applied to various types of parking facilities, including on-street parking, off-street parking lots, and indoor parking garages. Different types of facilities may require tailored PGS solutions.

Automotive Parking Guide System (PGS) Market Segmentation By Component

PGS components may include sensors, cameras, displays, and mobile applications. The choice of components can impact the effectiveness and cost of a PGS solution.

Regional Overview:

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North America, Europe, and Asia-Pacific are expected to be the prominent markets for Automotive Parking Guide Systems. These regions have a high concentration of urban areas with significant parking challenges.

The Asia-Pacific region, in particular, is experiencing rapid urbanization and a surge in vehicle ownership, driving the demand for efficient parking solutions.

Automotive Parking Guide System (PGS) Market Customer Landscape

Understanding the needs and preferences of parking facility operators and drivers is essential for the success of PGS solutions. Operators may prioritize cost-effective solutions, while drivers seek convenience and real-time guidance.

Major Automotive Parking Guide System (PGS) Market Companies

Leading players in the Automotive PGS Market are continuously innovating to stay competitive. This includes developing advanced PGS technologies, improving accuracy, and expanding their product offerings.

Sample list of major companies in the market:

Bosch Automotive
Continental AG
Siemens AG
Hella GmbH & Co. KGaA
Robert Bosch GmbH

Qualitative and quantitative analyses of these companies provide insights into the competitive landscape. This analysis helps stakeholders understand market dynamics and assess the strengths and weaknesses of key players.

Segment Overview

The Automotive Parking Guide System (PGS) Market report provides revenue forecasts at the global, regional, and country levels. The report includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Technology Outlook (USD Billion, 2019 - 2032)

Camera-based Systems
Ultrasonic Sensors
IoT-based Solutions

Parking Facility Type Outlook (USD Billion, 2019 - 2032)

On-Street Parking
Off-Street Parking Lots
Indoor Parking Garages

Component Outlook (USD Billion, 2019 - 2032)

Sensors
Cameras
Displays
Mobile Applications

Geography Outlook (USD Billion, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

Asia-Pacific (APAC)

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Automotive Parking Guide System (PGS) MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 - 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Automotive Parking Guide System (PGS) MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Automotive Parking Guide System (PGS) Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Automotive Parking Guide System (PGS) MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Type 1
5.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
5.3. Type 2
5.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 6. Automotive Parking Guide System (PGS) MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Application 1
6.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.3. Application 2
6.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.4. Application 3
6.4.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.5. Application 4
6.5.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 7. Automotive Parking Guide System (PGS) MARKET REGIONAL OUTLOOK
7.1. Automotive Parking Guide System (PGS) Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.2. North America Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.3. North America Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.4. North America Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.5.2. U.S. Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.5.3. U.S. Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.5.4. U.S. Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.6.2. Canada Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.6.3. Canada Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.6.4. Canada Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.2. Europe Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.3. Europe Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.4. Europe Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.5.2. Germany Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.5.3. Germany Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.5.4. Germany Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.6.2. France Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.6.3. France Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.6.4. France Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.7.2. U.K. Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.7.3. U.K. Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.7.4. U.K. Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.2. Asia Pacific Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.3. Asia Pacific Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.4. Asia Pacific Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.5.2. China Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.5.3. China Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.5.4. China Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.6.2. India Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.6.3. India Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.6.4. India Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.7.2. Japan Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.7.3. Japan Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.7.4. Japan Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.8.2. Australia Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.8.3. Australia Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.8.4. Australia Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.5.2. Mea Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.5.3. Mea Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.5.4. Mea Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Automotive Parking Guide System (PGS) Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.6.2. Latin America Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.6.3. Latin America Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.6.4. Latin America Automotive Parking Guide System (PGS) Market Estimates And Forecast By Production Process, 2016 -2027, (USD Million)
7.6.5. Latin America Automotive Parking Guide System (PGS) Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Company 1
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Company 2
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Company 3
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Company 4
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Company 5
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives

List of Tables and Figures

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Automotive Parking Guide System Pgs Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032