Global Self-Parking Chair Market to Observe Strong Development during the Forecast Period 2020-2025

The global self-parking chair market size was estimated at USD 4.7 billion in 2019 and is expected to reach USD 7.1 billion by 2027, growing with a CAGR of 6.2% over the forecasted period of 2021 to 2027. The self-parking chair is a system which is equipped with a magnetometer technology for navigation purpose and it is also a combination of ultrasonic for obstacle detection and avoidance during navigation. Moreover, these systems also help in reducing human efforts and saving time by using anisotropic magneto resistive (AMR) technology. This technology helps in chairs to navigate themselves and properly calculate their co-ordinate and identifying direction towards the destination. Furthermore, the self-parking chair is also known by intelligent parking as it fully technologically controlled.

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