Valet Robots Market By Component (Software, Hardware), By Technology (Sensor Technology, Mobile Technology, RFID), By End User (Airports, Shopping malls, Private parking lots)) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027
"Increasing adoption of artificial intelligence in the automotive industry is fueling the growth of Valet Robot Market"
Globally, the valet robot market is expected to grow with a CAGR of more than 15% during the forecast period from 2019 to 2027. Globally, robots have been introduced to conduct various regular tasks such as security, cleaning and many more. As the demand for additional help increases, the adoption of robots in also increasing with time. Advancements with the help of artificial intelligence have made it's easy to develop and modify machines in a way that is needed. In this case, machines a.k.a robots are used to perform the activity of valet parking in public areas. Increasing implementation of artificial intelligence in every step of life, valet parking is also witnessing the effect of automation and AI.
At areas such as airports, these valet robots are helping airport officials interact with passengers and provide them assistance at the airport. Valet robots scan the vehicle and conduct a security check, and then lifts up the vehicle and parks it at a suitable space. Studies have concluded that, these robots can fit 50% more cars in the same parking space, reducing the inconvenience caused usually. Such advantages of valet robots have increased their adoption and thus results in increasing market size in various regions. Moreover, increasing urbanization, growing influx of people in central locations of major cities, and growing venture capital investments, are also driving the growth of valet robots market during the forecast period. However, technical issues such as malfunctioning of the robots and upcoming self-driven vehicles are likely to have a negative impact on the valet robots market.
"Airports segment is expected to Continue Dominating the Market"
In 2018, the airports end-user segment led the market by contributing the maximum market share in the global valet robot market. Valet Robot is a new concept, which increases the efficiency of parking as many cars in possible space. This concept is highly adopted at the airports, as these places deal with large number of vehicles. The integration of artificial intelligence within airports have mainly resulted in the implementation of valet robotic services.
Introduction of advanced technology machines at the airports mainly focus on improving the airport services and is expected to lead to enhanced customer experience, in the coming few years. This has increased the demand for robots to perform the parking activities at the airport parking lots along with security checks. European countries such as France, UK, Netherlands and others have already established the automated robotic valet system. Along with this, many other developed countries are now initiating in introducing the valet robots at their major airports. This increasing adoption at the airports is fueling the growth of valet robots market during the forecast period.
"Asia Pacific to Register the Fastest Growth"
Europe dominates the valet robot market. In 2018, the regional market accounted for nearly 31% of the total revenue generated worldwide. Increasing adoption of advanced technologies to make human work easy is the major factor attributed to this high market size. As the rate of adoption of valet robots parking is high in Europe compared to other countries, this region holds the maximum market share. As many of the European airports are in the list of busiest airports in the world, robotic valet parking helps in smoothing the process and releasing the pressure from the passengers. Moreover, airports apart from France, UK and Netherlands have also taking initiatives to undergo trial runs on the valet robots and make a decision on the installation of this system.
Furthermore, in North America and Asia-Pacific, significant activities have been observed based on factors such as emerging economic conditions, increasing number of financial districts, investments in smart city development, and rising urbanization in metropolitan cities. These factors are likely to drive the growth of valet robots market in these regions.
Some of the prominent players operating in the Valet Robot Market include Stanley Robotics, FATA Automation, Inc., Applied & Integrated Manufacturing, Inc., Skyline Parking AG, Robotic Parking Systems, Inc., CityLifts India Ltd, Smart City Robotics, Dayang Parking Co. Ltd., Westfalia Technologies, Inc. and EITO&GLOBAL INC.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The Valet Robot Market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global Valet Robot Market based on application, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Component Segment (2017–2027; US$ Bn) |
|
Technology Segment (2017–2027; US$ Bn) |
|
|
End User Segment (2017–2027; US$ Bn) |
|
|
Geography Segment (2017–2027; US$ Bn) |
Key questions answered in this report
- What was the market size of valet robot in 2018 and forecast up to 2027?
- Which is the largest regional market for the software segment?
- What are the major trends followed in valet robot market across different regions?
- Who are the key valet robot companies leading the market?
- What are the key strategies adopted by the leading valet robot companies in market?
Unique data points of this report
- Statistics on valet robots penetration and spending worldwide
- Recent trends across different regions in terms of adoption of valet robots for various end-users
- Notable developments going on in valet robot industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global VR Market
2.2 Global VR Market, By Component, 2018 (US$ Bn)
2.3 Global VR Market, By Technology, 2018 (US$ Bn)
2.4 Global VR Market, By End User, 2018 (US$ Bn)
2.5 Global VR Market, By Geography, 2018 (US$ Bn)
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global VR Market Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of Key VR Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Valet Robot (VR) Market Analysis, by Component, 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 Software
4.3 Hardware
Chapter 5 Global Valet Robot (VR) Market Analysis, by Technology, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 Sensor Technology
5.3 Mobile Technology
5.4 RFID
5.5 Others
Chapter 6 Global Valet Robot (VR) Market Analysis, by End User, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 Airports
6.3 Shopping malls
6.4 Private parking lots
6.5 Others
Chapter 7 North America Valet Robot (VR) Market Analysis, 2017 – 2027 (US$ Bn)
7.1 Overview
7.2 North America VR Market Analysis, By Component, 2017 – 2027
7.2.1 Market Analysis
7.3 North America VR Market Analysis, By Technology, 2017 – 2027
7.3.1 Market Analysis
7.4 North America VR Market Analysis, By End User, 2017 – 2027
7.4.1 Market Analysis
7.5 North America VR Market Analysis, By Region/Country, 2017 – 2027
7.5.1 U.S.
7.5.1.1 U.S. VR Market Value, By Component, 2017 – 2027 (US$ Bn)
7.5.1.2 U.S. VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
7.5.1.3 U.S. VR Market Value, By End User, 2017 – 2027 (US$ Bn)
7.5.2 Rest of North America
7.5.2.1 Rest of North America VR Market Value, By Component, 2017 – 2027 (US$ Bn)
7.5.2.2 Rest of North America VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
7.5.2.3 Rest of North America VR Market Value, By End User, 2017 – 2027 (US$ Bn)
Chapter 8 Europe Valet Robot (VR) Market Analysis, 2017 – 2027 (US$ Bn)
8.1 Overview
8.2 Europe VR Market Analysis, By Component, 2017 – 2027
8.2.1 Market Analysis
8.3 Europe VR Market Analysis, By Technology, 2017 – 2027
8.3.1 Market Analysis
8.4 Europe VR Market Analysis, By End User, 2017 – 2027
8.4.1 Market Analysis
8.5 Europe VR Market Analysis, By Region/Country, 2017 – 2027
8.5.1 U.K.
8.5.1.1 U.K. VR Market Value, By Component, 2017 – 2027 (US$ Bn)
8.5.1.2 U.K. VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
8.5.1.3 U.K. VR Market Value, By End User, 2017 – 2027 (US$ Bn)
8.5.2 Germany
8.5.2.1 Germany VR Market Value, By Component, 2017 – 2027 (US$ Bn)
8.5.2.2 Germany VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
8.5.2.3 Germany VR Market Value, By End User, 2017 – 2027 (US$ Bn)
8.5.3 France
8.5.3.1 France VR Market Value, By Component, 2017 – 2027 (US$ Bn)
8.5.3.2 France VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
8.5.3.3 France VR Market Value, By End User, 2017 – 2027 (US$ Bn)
8.5.4 Rest of Europe
8.5.4.1 Rest of Europe VR Market Value, By Component, 2017 – 2027 (US$ Bn)
8.5.4.2 Rest of Europe VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
8.5.4.3 Rest of Europe VR Market Value, By End User, 2017 – 2027 (US$ Bn)
Chapter 9 Asia Pacific Valet Robot (VR) Market Analysis, 2017 – 2027 (US$ Bn)
9.1 Overview
9.2 Asia Pacific VR Market Analysis, By Component, 2017 – 2027
9.2.1 Market Analysis
9.3 Asia Pacific VR Market Analysis, By Technology, 2017 – 2027
9.3.1 Market Analysis
9.4 Asia Pacific VR Market Analysis, By End User, 2017 – 2027
9.4.1 Market Analysis
9.5 Asia Pacific VR Market Analysis, By Region/Country, 2017 – 2027
9.5.1 China
9.5.1.1 China VR Market Value, By Component, 2017 – 2027 (US$ Bn)
9.5.1.2 China VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
9.5.1.3 China VR Market Value, By End User, 2017 – 2027 (US$ Bn)
9.5.2 Japan
9.5.2.1 Japan VR Market Value, By Component, 2017 – 2027 (US$ Bn)
9.5.2.2 Japan VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
9.5.2.3 Japan VR Market Value, By End User, 2017 – 2027 (US$ Bn)
9.5.3 India
9.5.3.1 India VR Market Value, By Component, 2017 – 2027 (US$ Bn)
9.5.3.2 India VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
9.5.3.3 India VR Market Value, By End User, 2017 – 2027 (US$ Bn)
9.5.4 Rest of Asia Pacific
9.5.4.1 Rest of Asia Pacific VR Market Value, By Component, 2017 – 2027 (US$ Bn)
9.5.4.2 Rest of Asia Pacific VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
9.5.4.3 Rest of Asia Pacific VR Market Value, By End User, 2017 – 2027 (US$ Bn)
Chapter 10 Rest of the World (RoW) Valet Robot (VR) Market Analysis, 2017 – 2027 (US$ Bn)
10.1 Overview
10.2 RoW VR Market Analysis, By Component, 2017 – 2027
10.2.1 Market Analysis
10.3 RoW VR Market Analysis, By Technology, 2017 – 2027
10.3.1 Market Analysis
10.4 RoW VR Market Analysis, By End User, 2017 – 2027
10.4.1 Market Analysis
10.5 RoW VR Market Analysis, By Region/Country, 2017 – 2027
10.5.1 Middle East & Africa (MEA)
10.5.1.1 MEA VR Market Value, By Component, 2017 – 2027 (US$ Bn)
10.5.1.2 MEA VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
10.5.1.3 MEA VR Market Value, By End User, 2017 – 2027 (US$ Bn)
10.5.2 Latin America
10.5.2.1 Latin America VR Market Value, By Component, 2017 – 2027 (US$ Bn)
10.5.2.2 Latin America VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
10.5.2.3 Latin America VR Market Value, By End User, 2017 – 2027 (US$ Bn)
Chapter 11 Company Profiles
11.1 Stanley Robotics
11.2 Applied & Integrated Manufacturing, Inc.
11.3 FATA Automation, Inc.
11.4 Skyline Parking AG
11.5 CityLifts India Ltd
11.6 Robotic Parking Systems, Inc.
11.7 Smart City Robotics
11.8 Westfalia Technologies, Inc.
11.9 Dayang Parking Co. Ltd.
11.10 EITO&GLOBAL INC.
* Here we are using VR as a short form of Valet Robot
TABLE 1 Market Snapshot: Global Valet Robot (VR) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 5 North America VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 6 North America VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 7 North America VR Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 8 U.S. VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 9 U.S. VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 10 U.S. VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 11 Rest of North America VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 12 Rest of North America VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 13 Rest of North America VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 14 Europe VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 15 Europe VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 16 Europe VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 17 Europe VR Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 18 U.K. VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 19 U.K. VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 20 U.K. VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 21 Germany VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 22 Germany VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 23 Germany VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 24 France VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 25 France VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 26 France VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 27 Rest of Europe VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 28 Rest of Europe VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 29 Rest of Europe VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 30 Asia Pacific VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 31 Asia Pacific VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 32 Asia Pacific VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 33 Asia Pacific VR Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 34 China VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 35 China VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 36 China VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 37 Japan VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 38 Japan VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 39 Japan VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 40 India VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 41 India VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 42 India VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 43 Rest of Asia Pacific VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 44 Rest of Asia Pacific VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 45 Rest of Asia Pacific VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 46 RoW VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 47 RoW VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 48 RoW VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 49 RoW VR Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 50 MEA VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 51 MEA VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 52 MEA VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 53 Latin America VR Market Value, By Component, 2017 – 2027 (US$ Bn)
TABLE 54 Latin America VR Market Value, By Technology, 2017 – 2027 (US$ Bn)
TABLE 55 Latin America VR Market Value, By End User, 2017 – 2027 (US$ Bn)
TABLE 56 Stanley Robotics: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 57 Applied & Integrated Manufacturing, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 58 FATA Automation, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 59 Skyline Parking AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 60 CityLifts India Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 61 Robotic Parking Systems, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 62 Smart City Robotics: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 63 Westfalia Technologies, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 64 Dayang Parking Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 65 EITO&GLOBAL INC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
FIG. 1 Global Valet Robot (VR): Market Segmentation
FIG. 2 Global VR Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global VR Market, By Component, 2018 (US$ Bn)
FIG. 5 Global VR Market, By Technology, 2018 (US$ Bn)
FIG. 6 Global VR Market, By End User, 2018 (US$ Bn)
FIG. 7 Global VR Market, By Geography, 2018 (US$ Bn)
FIG. 8 Global VR Market Value, 2017 – 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Market Positioning of Key VR Vendors, 2018
FIG. 11 Global VR Market Value Contribution, By Component, 2018 & 2027 (%)
FIG. 12 Global Private Cloud Software Market Value, 2017 – 2027, (US$ Bn)
FIG. 13 Global Private Cloud Hardware Market Value, 2017 – 2027, (US$ Bn)
FIG. 14 Global VR Market Value Contribution, By Technology, 2018 & 2027 (%)
FIG. 15 Global Sensor Technology VR Market Value, 2017 – 2027, (US$ Bn)
FIG. 16 Global Mobile Technology VR Market Value, 2017 – 2027, (US$ Bn)
FIG. 17 Global RFID VR Market Value, 2017 – 2027, (US$ Bn)
FIG. 18 Global Others VR Market Value, 2017 – 2027, (US$ Bn)
FIG. 19 Global VR Market Value Contribution, By End User, 2018 & 2027 (%)
FIG. 20 Global VR Market Value from Airports, 2017 – 2027 (US$ Bn)
FIG. 21 Global VR Market Value from Shopping malls, 2017 – 2027 (US$ Bn)
FIG. 22 Global VR Market Value from Private parking lots, 2017 – 2027 (US$ Bn)
FIG. 23 Global VR Market Value from Others, 2017 – 2027 (US$ Bn)
FIG. 24 North America VR Market Value, 2017 – 2027, (US$ Bn)
FIG. 25 Europe VR Market Value, 2017 – 2027, (US$ Bn)
FIG. 26 Asia Pacific VR Market Value, 2017 – 2027, (US$ Bn)
FIG. 27 RoW VR Market Value, 2017 – 2027, (US$ Bn)
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