Predictive AI to cut parking time

Predictive AI to cut parking time

Hiroshi Horiguchi, managing director  of  IHI Asia Pacific (Thailand) Co
Hiroshi Horiguchi, managing director of IHI Asia Pacific (Thailand) Co

Enhanced predictive analytic capability will let car owners get cars parked at luxury condos in less time.

"The role of artificial intelligence [AI] and big data will increase in future parking systems," said Kaj Miyake, general manager for sales and marketing at IHI Asia Pacific Thailand Co, a Japan-based automatic parking system.

Predictive ability will reduce waiting time in automatic car parking systems for drivers, he said.

Smartphone mobile apps will enable drivers to book available parking lot spaces in advance, integrating with outside systems to help drivers find available nearby lots, which should reduce traffic congestion, he said.

"We foresee urbanisation, smart cities and rising property prices will accelerate the growth of smart parking systems in Thailand," said Hiroshi Horiguchi, managing director of IHI Asia Pacific Thailand.

The company has expanded its smart parking systems into Thailand since 2015 as it foresees the big opportunity here.

City land prices are sharply increasing alongside rapid growth in new condo projects. Each year, there are new some 42,500 units or 250 condominium projects developed, particularly high-end projects priced above 250,000 baht per square metre. These luxury condominiums account for 20% of the total market.

IHI's automatic car parking system targets high-end condominiums, mainly in the central business district area, which is estimated to have 20 new projects in 2018-21.

Mr Miyake said the smart parking system helps reduce space for the project developers by at least 25-30% compared with traditional systems. This allows land owners to utilise more space commercially and earn more revenue.

The company provides consulting, design and production, including maintenance systems for smart parking that focuses on safety and quality of life.

Mr Miyake said the parking system embraces more sensors to detect unwanted objects in the parking area to increase safety. The system will be able to work well with electric vehicle charger stations.

"The trend for car sharing is also growing and needs to be supported by parking systems," said Mr Miyake, adding that the average lifespan of a parking system is around 20-30 years.

Mr Miyake said property project owners will need run maintenance on their parking systems every month as the system comprises many mechanical components.

Wuttikarn Panitchayapisut, assistant manager for parking system department, added that this year, the overall parking system in Thailand is expected to reach 3,500 parking spaces, from 2,200 parking spaces in 2017 thanks to the requirement for a certain number of parking spaces, smart cities and mixed-use or office buildings.

The trend for vertical parking systems supports high-rise buildings, he said.

Several projects are under construction, such as The Lofts Asoke, which will have the highest parking system in Thailand, while Chalermnit Art De Maison has a flexible layout parking system and smart computing operations and flat pallets for supercars.

Mr Horiguchi said the company is looking into new markets such as department stores and new business models such as revenue sharing.

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