Parking challenges have become a significant urban problem affecting millions of drivers daily. A comprehensive study from INRIX collected data from 6,000 drivers across the 10 largest cities in the US, revealing the staggering impact of parking inefficiencies on our daily lives.
Drivers spend up to $2,000 annually in fuel costs in major cities, with the average driver spending $1,000 per year just looking for parking spots.
Parking searches generate approximately 730 million vehicle miles traveled annually, creating 47,000 tons of carbon dioxide emissions.
Some parking garages have sensors over each parking stall to detect availability. However, this approach has high installation and maintenance costs, making it impractical and cost-prohibitive for street parking applications.
Smart Parking is an innovative drone-based system that takes aerial pictures of city blocks and processes them to identify available parking stalls in real-time. Users can then use a mobile app to find parking near their desired location or reserve parking ahead of time.
