GLOBAL AUTOMATED VALET PARKING SYSTEM MARKET

INTRODUCTION

The driver only needs to activate the smartphone app for automated valet parking in order to leave the car at the parking garage drop-off area without delay.

By doing so, a digital connection is made with the parking garage, and the location of a free parking space is calculated.All passengers exit the vehicle as the driver pulls up to the automatic parking system entry. 

From there, the vehicle is mechanically pushed to an open spot where it is either automatically parked or parked by a staff member.

Since there is no public access to parked cars, the cars and their contents are safer. Scrapes and dents from parking lot damage are avoided.

Avoiding parking lots and garages is safer for drivers and passengers.A vehicle can be moved from a traffic lane into a parking space by an automated automobile manoeuvring system to execute parallel, perpendicular, or angle parking.

GLOBAL AUTOMATED VALET PARKING SYSTEM MARKET SIZE AND FORECAST

The Global Automated valet parking system market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Hengchi's auto manufacturer, Evergrande Auto, has introduced its automated valet parking system.

The AVP, according to the manufacturer, is equipped with sensors like ultrasonic radars, millimetre-wave radars, high-definition cameras with panoramic views, and high-precision maps that enable it to perform many Level 4 self-driving functions in specific situations, including cruising on narrow roads, avoiding obstacles like pedestrians and other vehicles, automatically following other cars, and automatically identifying parking lots.

Owners of automobiles with the Hengchi brand can hail and park their vehicles with only one click on a smartphone.

This year, Evergrande Auto is experiencing fast-paced marketing for EV development.

In order to thoroughly confirm the capabilities of the thermal management strategy, brake system, battery, air conditioning system, and the dependability and longevity of connected auto parts for five vehicle types, the company conducted a series of tests in summertime driving circumstances.

NEW TECHNOLOGY

Bosch and APCOA launch driverless parking technology in Germany.The era of tiresome manoeuvring, time-consuming parking space searches, and the danger of dents and scratches is over thanks to automated valet parking, which is the way of the future.

An app is used to initiate the highly automated, driverless parking service once the driver just parks the car in a handover zone near a parking garage entrance.

This is made possible by Bosch stereo cameras, which are used to correctly detect objects or people in the driving aisle as well as vacant parking spaces and their surroundings.

The car automatically applies the brakes and safely comes to a halt if it senses an unforeseen barrier. It does not move forward until the path is free.

All of the camera-generated data is routed into edge computers for this reason. Intelligent algorithms convey the necessary driving manoeuvre, enabling automated parking, even while climbing steep ramps between storeys.

The unique aspect of this solution is that the parking garage's smart technology keeps the car's technical needs to a minimum, making the automated and driverless valet parking service appropriate for all vehicle classes.

This service is cashless, ticketless, and driverless thanks to the usage of APCOA's FLOW platform. The corresponding software is already being used by drivers to ease the difficulty of parking.

This includes establishing firm bookings for parking spaces, enabling contactless access into the garage conveniently by licence plate recognition, and enabling fully automated payment, invoicing, and contactless exit.

The barriers open automatically when the technology detects the customer's car or licence plate, eliminating the need for a ticket and trip to the ticket machine.

APCOA oversees 1.8 million individual parking spaces at more than 12,000 locations in 13 different European nations.

In the future, the same amount of space might accept up to 20% more automobiles by expanding the availability of automated, autonomous valet parking services.

Additionally, confined, isolated, and so unattractive parking lots are particularly well suited for autonomous parking.

COMPANY PROFILE

• Evergrande
• Bosch Mobility Solution
• Mitsubishi
• MHI
• ZF

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Automated valet parking systems are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a  Global Automated valet parking system and key vendor selection criteria
3. Where is the Automated valet parking system manufactured? What is the average margin per unit?
4. Market share of Global Automated valet parking system market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Automated valet parking system in-house
6. key predictions for next 5 years in Global Automated valet parking system market
7. Average B-2-B Automated valet parking system market price in all segments
8. Latest trends in Automated valet parking system market, by every market segment
9. The market size (both volume and value) of the Automated valet parking system market in 2023-2030 and every year in between?
10. Production breakup of Automated valet parking system market, by suppliers and their OEM relationship