With growing numbers of automobile owners, there has also been a rise in parking-related problems. And honestly, the traditional methods of the manual parking system aren’t viable anymore. Rapid urbanization, green-house effect, and more vehicles are some of the reasons why parking processes need an urgent upgrade.
Technology can play a crucial role in maximizing the effectiveness of parking lots. With more and more parking spaces moving towards automation and software to enhance their experience, it has become easy to predict the future of car parking in the coming years.
Some promising technological trends include smart parking, counter systems, overhead sensors, parking apps, and so on. And they all come with great benefits while making the parking experience seamless and automated.
In this article, we will discuss the rising tech around parking and what the future may behold for us. Read on.
Rise of Smart Parking Solution
Manual car parking is now a thing of the past as newer solutions continue to simplify the way we approach parking. A report by the Automated Parking Management Systems Market indicates a steady growth by 2032. The report also indicated that the market is estimated to be worth $1.3 Billion by 2027. The only key drivers of the market are scarcity of parking lands, increasing number of vehicles, demand for green solutions, and rapid urbanization.
Within two decades of the 21st century, the world has seen a rapid evolution in parking techniques. In the 2000s, we saw development of reservation systems, and parking apps. By the 2010s, smart parking systems, sensors and analytics played a major role in optimizing the utilization of parking spaces. And by the 2020s, the technology continues to grow and we can already see autonomous parking systems and connected vehicles with more and more sustainable solutions keep coming up.
If we see the current growth and technology at our disposal, it isn’t hard to predict the future. With the rise of autonomous and electric vehicles, there will be a need for specialized infrastructure and innovative parking management.
Despite many advancements, parking remains a significant challenge in the majority of urban areas, with issues such as limited spaces, congestion, and environmental problems. To address these challenges effectively, many cities are now implementing solutions such as automated parking facilities, smart parking, electric vehicle charging stations, and so on. Additionally, the growth in connected vehicles and related analytics are shaping the future of parking, enabling dynamic pricing models.
The future is likely to be characterized by greater integration of technology and sustainability practices. There are fully automated parking garages, on-demand valet services, and mobility solutions that are likely to revolutionize the parking experiences.
Leveraging Automated Parking Solutions
As mentioned above, Automated Parking Systems are one of the best solutions till date to solve parking problems as it helps in locating available parking spots, entering a garage, paying, and exiting seamlessly. It not only streamlines parking operations but it also saves time, reduces labor cost, and maximizes revenue.
For those looking forward to growing their potential of profit, implementing an automated parking system can be one way to do it. It helps automate every single experience from booking parking space to paying via mobile, and navigating easily to open parking spots.
One of the examples of successful Automated Car Parking would be the Ferris Wheel Building in Dubai. The building features an automated parking facility designed by the CityLift Parking. This system uses conveyors and lists to move the vehicles around to the designated parking spots. With automation, they not only optimize the space but also enhance the security by reducing human intervention during the entire parking operation. There are other examples including United airport parking for its seamless time saving parking operations.
There are other successful options including mobile apps for parking assistance, connected cars, green parking and tech tools that redefine the role of technology in improving surveillance and the emergency response by ten fold.
Speculating the upcoming trends in car parking technology
The future is poised for significant advancements when it comes to Car Parking Technology. Driven by innovation, connectivity, automation, and sustainability, there are some trends one can look out for – Fully Autonomous Parking.
This is among the top anticipated advancements that we might get to see in our neighborhood parking facilities very soon. With automated vehicle technology and supporting infrastructure, drivers will be able to simply drop off their vehicles at the designated entrances and the robotic systems will navigate and park the cars in facilities.
Also, the integration of emerging technologies like 5G and edge computing is predicted to play a crucial role in shaping car parking in coming years. While 5G will enable reliable communication, realt-ime data from sensors and minimal latency, edge computing will bring processing power closer to data source, enabling faster decision-making and enhanced privacy.
Integration of Mobile-As-A- Service, edge computing and evolution of 5G are something to look out for as they hold tremendous potential in revolutionizing the parking experience, making it more convenient, and secure for the users. By embracing the innovations and emerging trends, urban settlements can pave the way for a smarter and more sustainable future of car parking.