Automated Valet Parking Artificial Intelligence (AI) Market Report 2026

Automated Valet Parking Artificial Intelligence (AI) Market Overview

• Automated Valet Parking Artificial Intelligence (AI) market size has reached to $1.87 billion in 2025 • Expected to grow to $5.2 billion in 2030 at a compound annual growth rate (CAGR) of 22.7% • Growth Driver: Surge In Adoption Of Autonomous And Connected Vehicles Fueling Growth Due To Advancements In Artificial Intelligence And Sensor Technologies • Market Trend: Technological Advancements In Modular Autonomous Parking Systems Driving Market Growth Through Enhanced Scalability, Safety, And User Convenience • Europe was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Automated Valet Parking Artificial Intelligence (AI) Market?

Automated valet parking artificial intelligence (AI) refers to the use of artificial intelligence, computer vision, and sensor fusion technologies to enable vehicles to autonomously find, navigate to, and park in available spaces without human involvement. The system combines AI algorithms with real-time data from cameras, radar, LiDAR, and vehicle-to-infrastructure (V2I) communication to ensure safe, precise, and efficient parking operations. Its primary purpose is to enhance driver convenience, reduce parking congestion, and improve space utilization and safety in smart mobility and urban infrastructure environments. The main components of automated valet parking artificial intelligence (AI) are software, hardware, services. Automated valet parking AI software refers to the vehicle and facility code that powers perception, planning, control, orchestration and user interactions. The various technologies include deep learning, computer vision, sensor fusion, others. These are used by various vehicle types such as passenger cars, commercial vehicles and in various applications such as commercial parking facilities, residential parking, airports, shopping malls, hotels. These are also used by various end users such as automotive oems, parking operators, fleet owners, other end users

What Is The Automated Valet Parking Artificial Intelligence (AI) Market Growth Forecast?

The automated valet parking artificial intelligence (AI) market size is expected to see exponential growth in the next few years. It will grow to $5.2 billion in 2030 at a compound annual growth rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to growth of v2i enabled parking ecosystems, expansion of autonomous parking in commercial hubs, increasing safety regulations for automated parking, need for frictionless mobility and user convenience, rising investments in smart city parking upgrades. Major trends in the forecast period include end-to-end parking automation in smart facilities, vision and sensor fusion for precise slot detection, vehicle-to-infrastructure assisted parking navigation, fleet-ready autonomous parking for commercial operators, safety validation through digital parking simulations.

Global Automated Valet Parking Artificial Intelligence (AI) Market Segmentation

1) By Component: Software, Hardware, Services 2) By Technology: Deep Learning, Computer Vision, Sensor Fusion, Other Technologies 3) By Vehicle Type: Passenger Cars, Commercial Vehicles 4) By Application: Commercial Parking Facilities, Residential Parking, Airports, Shopping Malls, Hotels 5) By End User: Automotive OEMs, Parking Operators, Fleet Owners, Other End Users Subsegments: 1) By Hardware: Cameras, Ultrasonic Sensors, Lidar Sensors, Radar Sensors, Onboard Control Units 2) By Services: Installation And Integration, Maintenance And Support, Consulting Services, Training And Education, Managed Services

What Is The Driver Of The Automated Valet Parking Artificial Intelligence (AI) Market?

The increasing adoption of autonomous and connected vehicles is expected to drive the growth in the automated valet parking AI market going forward. Autonomous and connected vehicles refer to automobiles equipped with advanced technology that enables them to operate with minimal human intervention while communicating with their surroundings to enhance safety and efficiency. Increasing adoption of autonomous and connected vehicles is rising due to advancements in artificial intelligence and sensor technologies that enhance driving safety and efficiency, reducing human error and improving transportation reliability. Automated valet parking artificial intelligence (AI) helps autonomous and connected vehicles by enabling them to autonomously locate, navigate to, and park in available spaces efficiently, enhancing convenience, reducing congestion, and optimizing parking management. For instance, in January 2024, according to news published by Alliance for Automotive Innovation, a US-based, in Q3 2023, electric vehicles accounted for 10.1% of new light-duty vehicle sales, an increase from 9.1% in Q2 2023 and 7.1% in Q3 2022. Therefore, increasing adoption of autonomous and connected vehicles is expected to drive the growth of the automated valet parking AI market.

Key Players In The Global Automated Valet Parking Artificial Intelligence (AI) Market

Major companies operating in the automated valet parking artificial intelligence (AI) market are Tesla Inc., Siemens Aktiengesellschaft, NVIDIA Corporation, Denso Corporation, HyundAI Mobis Co. Ltd., Continental AG, ZF Friedrichshafen AG, Magna International Inc., Valeo SA, Aptiv PLC, Baidu Inc., Infineon Technologies AG, Renesas Electronics Corporation, Robert Bosch GmbH, Metropolis Technologies Inc., Pony AI Inc., Smart Parking Limited, Applied Intuition Inc., Stanley Robotics SAS, ParkPlus Inc.

Global Automated Valet Parking Artificial Intelligence (AI) Market Trends and Insights

Major companies operating in the automated valet parking AI market are focusing on advancements in autonomous vehicle technology, such as modular system design, to enhance the flexibility, scalability, and efficiency of parking solutions while improving safety and user experience. Modular system design refers to an engineering approach where a complex system is divided into smaller independent and interchangeable modules, each performing a specific function and enabling easier maintenance, upgrades, and scalability while allowing different modules to work together seamlessly. For instance, in January 2023, Robert Bosch GmbH, a Germany-based mobility solutions company, in collaboration with Apcoa Parking AG, a Germany-based management company, expanded their automated valet parking technology to 15 additional garages across Germany from Hamburg to Munich following the successful implementation at Stuttgart Airport's P6 garage, initially equipping four spaces per garage with plans to increase up to 200, while the APCOA FLOW platform enables contactless entry, reservations, and cashless payments, enhancing service convenience. This launch aims to accelerate the adoption of automated valet parking solutions across Germany, optimize parking space utilization, and provide a seamless, safe, and convenient experience for drivers through advanced AI-driven and modularly designed systems.

What Are Latest Mergers And Acquisitions In The Automated Valet Parking Artificial Intelligence (AI) Market?

In 2023, Bosch, a Germany-based provider of mobility solutions and automotive technologies, partnered with APCOA, a Germany-based provider of parking and mobility services, to expand automated valet parking systems across 15 parking garages in Germany. With this partnership, Bosch and APCOA aim to accelerate the deployment of SAE Level 4 driverless parking technology, enhance urban parking infrastructure, and support the growing adoption of autonomous vehicles. APCOA is a Germany-based provider of parking management services, operating parking facilities and offering digital solutions for vehicle access, payment, and mobility optimization.

Regional Insights

Europe was the largest region in the automated valet parking artificial intelligence (AI) market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Automated Valet Parking Artificial Intelligence (AI) Market?

The automated valet parking artificial intelligence (AI) market consists of revenues earned by entities by providing services such as localization services, reporting services, retrofit and upgrade services, automated valet parking services, and smart parking management services. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated valet parking artificial intelligence (AI) market also includes automotive cameras, ultrasonic sensors, automotive radar units, LiDAR sensor modules, and V2X communication modules. Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Automated Valet Parking Artificial Intelligence (AI) Market Report 2026?

The automated valet parking artificial intelligence (ai) market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the automated valet parking artificial intelligence (ai) industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.