With the increase in the income level of the general public, the number of motor vehicles is also growing rapidly. The phenomenon of difficult and disorderly parking in cities is becoming more and more serious, which has brought great difficulties to urban transportation. As early as August 3, 2015, the National Development and Reform Commission issued the "Guiding Opinions on Strengthening the Construction of Urban Parking Facilities". Subsequently, the country intensively issued the "Guidelines for Strengthening the Construction of Urban Parking Facilities" to activate the assets of the smart parking industry and increase financial support to promote the commercialization of existing parking lots, encouraging the increase of parking space supply through on road parking, and improving the intelligence level of parking lots.

The smart parking platform is a city level parking solution that comprehensively applies wireless communication technology, mobile terminal technology, GPS positioning technology, GIS technology, and other technologies to the collection, management, inquiry, reservation, and navigation services of urban parking spaces. It realizes the integration of real-time updating, inquiry, reservation, and navigation services of parking space resources, maximizes the utilization rate of parking space resources, maximizes parking lot profits, and maximizes car owner parking services.

Comparison between Traditional Parking and Smart Parking

Traditional car parking: manual charging, low traffic efficiency, difficulty in parking, and difficulty in finding a car.

Smart parking: Real time data updates, queries, integrated reservation navigation, meeting personalized parking needs, improving pick-up efficiency, and improving resource utilization.

Development history of smart parking: After the reform and development of pure manual management in the 1980s, cars entered thousands of households. With the increase of vehicles in public places, parking management began to emerge in order to maintain public order.

Entrance and Exit Control (1990s 2008) The entrance and exit pick-up fee management model began to emerge, limited to entrance and exit control and charging. The main form of products is mechanical equipment, and charging is still mainly manual

In the smart parking stage (after 2009), with the increase of car ownership, the original parking entrance and exit control can no longer meet the daily parking management needs, and intelligent management equipment and applications are gradually emerging.

The "wisdom" of smart parking is reflected in "intelligent parking space finding+automatic parking fee payment". Serving car owners in daily parking, staggered parking, parking space rental, automotive aftermarket services, reverse car search, and parking space navigation.

Background of the smart parking industry: China's car ownership continues to grow, and traditional parking efficiency is low. The country encourages smart parking, but there is a serious shortage of parking spaces and increased penalties for parking violations

The number of automobiles in China continues to grow at a rate of over 10%, and compared with developed countries, there is still significant room for growth in the number of automobiles in China. The automotive market continues to be hot, relying on the aftermarket of automobiles, and the parking industry will grow in the future with the increase of the stock of automobiles.

In recent years, due to the growth of car ownership, the imbalance between urban parking supply and demand and the disorder of parking order in China have become increasingly prominent. According to data released by the National Development and Reform Commission, the average ratio of cars to parking spaces in major cities in China is about 1:0.8, while in small and medium-sized cities it is about 1:0.5. According to international market experience, the number of parking spaces should reach 1.3 times the number of cars owned. However, the proportion of parking spaces in China is still relatively low, and the construction of parking facilities still needs to be improved.