Let's see future prospects of smart parking system in Thailand.
1. Smart parking will become the standard in cities
- It is expected that by 2029, the Thai parking system market will continue to grow at an annual compound growth rate of 8.9%.
- New technologies such as 5G and autonomous driving will further promote "unattended + automatic parking" to become the mainstream, especially in commercial complexes, airports, hospitals and other scenarios.
2. Automated three-dimensional parking system becomes a "rigid need" in CBD
- Due to land scarcity, developers are forced to adopt tower-type, underground three-dimensional, lifting and horizontal shifting automatic parking systems to improve space utilization and reduce the area occupied by single parking spaces.
- Japanese IHI and other companies have deployed in Thailand to promote the use of fully automatic systems in high-end projects and enhance property premium capabilities.
3. Integrated development of electrification and parking
The Thai government plans to achieve 30% of annual automobile production by electric vehicles by 2030, which will promote the construction of integrated "parking + charging" infrastructure and become a new growth point.