Spotting this situation, stakeholders and investors as well as IT talents along with emerging technologies create innovative strategies and build smart parking lots as we know nowadays and will design more in the coming years by pursuing an innovative approach within the automotive industry. By taking advantage of modern technologies in innovation and development of parking, it brings humans several benefits of a greener environment, less time-consumption, cashless payment, more fresh spaces for cities, and even obtains a more energy-effective world.

Let's check out some remarkable technologies used in this sector now. Automatic Number Plate Recognition (ANPR) Technology is a commonplace device, seen mostly everywhere representing an innovative approach. For park owners, the device helps track the parking time of a car and maximize as much possible profit as its useful functions. The exclusive cameras of devices are exploited to figure out the number plates of cars entering and exiting, and infrared technology is used in the device for taking photos of days and even nights. Cashless Payment Systems is an advanced automation technology taking off queues payment, cutting risks of forgetting to buy tickets and over-parking. Car drivers only register their IDs on the system, and associate payment cards with the cars’ number plates, the system will then automatically bill the correct amount. Such a handy experience for drivers and users. When it comes to parking robots, drivers only need to reach their booked parking lots and drive away; other things are automatically done. Robots are responsible for dropping off vehicles when booked in a lot. This service assures parking in a secure space and removes the fear of being too close to other vehicles. Smart sensors technology operates with GPS to detect what route to go through users’ location, figure out space in the parking lot, and show users the area. This eliminates parking illegally in restricted areas and users do not need to scan for an open spot and drive around several times. This is connected to users’ smartphones- sends notifications of available spots, and route instructions to the devices.

Technological advancement in the parking industry has a high effect on the friendly environment by eliminating greenhouse gas emissions and congestion and also saving searching time. Plus, reaching a digital future and a sustainable automotive industry are the ways humans are working at the moment. Innovative methods throughout technologies have brought us a persuasive way to use parking spaces in modern life.