With the increasing prevalence of automation and AI, valet parking is now experiencing the impact of these technologies. The term "Valet Robot" refers to a robot that independently handles valet parking duties through automation. When utilizing valet parking, users simply drop off their vehicles at designated parking slots specially designed for this purpose. The car is then scanned to identify its make and model, and the robot lifts the car using dedicated forks, efficiently parking it in the parking lot. An additional benefit of this automation is that robot valets can accommodate 50% more cars within the same parking space. The concept was initially tested at Dusseldorf and Paris' Charles De Gaulle Airport, and it has been fully implemented at Lyon Airport in France, where Stanley Robotics has deployed their Stan robots for this service. This report provides a comprehensive analysis of theValet Robot Marketand offers future predictions for the market's growth in the coming years.

One of the significant challenges the market will face in the foreseeable future is the parking of self-driving cars. These vehicles will drop off their owners and then park themselves in dedicated parking lots. The Valet Robot systems must be designed to address this issue as autonomous cars become more prevalent.

The market driver for valet robots is the novelty of the concept, which can be implemented in numerous airports worldwide where thousands of passengers encounter car parking issues. Valet robots will also generate substantial revenue for airports. Considering the projected growth of the global smart parking market, estimated to exceed 45 billion USD by 2025, theValet Robot marketrepresents an attractive and lucrative opportunity

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The information and communication technology sector is rapidly gaining traction owing to rapid technological advancements, high demand for smartphones, laptops, computers and other modern electronic devices, and increasing adoption of latest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud services. The ICT sector consists of several sections, software, hardware, telecommunications and other services. Factors such as increasing demand for advanced ICT services in BFSI, agriculture, retail, hospital and healthcare, rapid adoption of digitalization, rising number of internet users and high demand of advanced services and devices are expected to drive global market revenue growth during the forecast period. Other factors such as increasing need for managing large data base, rising concerns about data security and increasing investments in RD activities are expected to boost market growth during the forecast period.

Competitive Landscape:

• 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.
• EITOGLOBAL INC.

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The global market is further segmented into type and application:

Market has been segmented by Components into:

• Software
• Hardware

Market by End User application is divided into:

• Airports
• Shopping malls
• Private parking lots
• Others

Market segment by Region include:

• North America
• Europe
• Asia Pacific
• Middle East Africa
• Latin America

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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