Connected Vehicle and Parking Space Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Connected Vehicle and Parking Space Industry Report is segmented by vehicle type (passenger car and commercial vehicles), parking category (off-street and on-street), type of parking space (residential and work private property, non-regulated public access, and off-street open-air barrier regulated), and geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa). The market size and forecast are provided in terms of value (USD).

Connected Vehicle and Parking Space Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Connected Vehicle And Parking Space Industry Industry Overview

Several key players, such as BMW Group, Mercedes-Benz Group AG, Tesla Inc., Indigo Group, and others, dominate the connected vehicles and parking space industry. Due to the high investment cost needed to enter the market, there is a high barrier to entry in the market. Some of the recent developments made by key players in the market are as follows. For instance,

  • In February 2022, BMW launched the i4, an all-electric four-door sports sedan. The i4 comes with the standard feature of a parking assistant program that employs ultrasonic sensors to help the driver select and use parking spaces that are either parallel or perpendicular to the road.
  • In February 2022, Nvidia and Jaguar Land Rover announced a partnership to develop software-defined features to improve automated driving in their vehicle from 2025. The emphasis is on AI-based features, including advanced visualization and driver and occupant monitoring through the Drive IX software.

Connected Vehicle And Parking Space Industry Market Leaders

  1. BMW AG

  2. Audi AG

  3. GROUP Indigo

  4. Tesla Inc.

  5. Mercedes-Benz Group AG

  6. *Disclaimer: Major Players sorted in no particular order
Connected Vehicle And Parking Space Industry Concentration

Connected Vehicle and Parking Space Market Report Snapshots

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