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Smart Parking Market by Type (Off-Street and On-Street), Technology (IoT, Ultrasonic, and RFID), Application (Security & Surveillance, Smart Payment System, E-Parking, and License Plate Recognition), and End User (Commercial and Government): Global Opportunity Analysis and Industry Forecast, 2020–2027

A02543
Pages: 252
Nov 2020 | 21892 Views
   
Author(s) : Abhay Singh , Sonia Mutreja
Tables: 120
Charts: 60
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Smart Parking Market Statistics - 2027

The global smart parking market was valued at $6.05 billion in 2019, and is projected to reach $11.13 billion by 2027, registering a CAGR of 12.6%.

Smart parking is an intelligent parking system that assists drivers for safe parking. Available space in parking slot is indicted by sign or symbol with the help of embedded software and sensors. The vacant space is notified to the driver correctly due to the proper management of vehicle. This technology uses different types of sensors as a hardware component in the parking slot to detect presence or absence of the vehicles. Smart parking system provides real-time data information regarding the availability of nearby parking space and allows driver to accommodate that slot without any interference of other vehicles.

COVID-19 has hampered the global smart parking market as the available smart parking system across the globe are converted into isolation and quarantine homes to provide a clean and suitable shelter for patients to recover.

Smart-Parking-Market-2020-2027

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In addition, this technology is built for solving the permanent problem associated with parking that affects the ecosystem. The technology includes components that consist of low-cost sensors, real-time data interference, and smart mobile applications that allow users to monitor available & unavailable parking spots.

Facility to handle the parking of the vehicle suitably with the use of smart phones and development of infrastructure to support such mobility result in decrease in the amount of time spent by the user for finding out the vacant parking slot. Furthermore, some solutions facilitate the services, such as online payments, parking time notifications, and even car searching functionalities for very huge parking lots.

Smart Parking Market
By Type

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Off-Street is projected as the most lucrative segments

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Increase in parking concern across the globe, growth in demand for Internet of Things (IoT) based technology, and high adoption rate in number of vehicles drive the demand for global smart parking market. However, high employment cost & configuration complexity and low rate of internet penetration in developing regions restrain the market growth. 

Moreover, rise in investment on building driverless vehicles and increase in government’s initiative in building smart cities across the globe are expected to create tremendous opportunities for the growth of the market. The global smart parking market is segmented on the basis of type, technology, application, end user, and region. 

Smart Parking Market
By Technology

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IoT is projected as the most lucrative segments

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Based on type, it is bifurcated into off-street and on-street. Based on technology, it is classified into IoT, ultrasonic, and RFID. Based on application, it is divided into security & surveillance, smart payment system, E parking, and license plate recognition. Based on end user, the smart parking market is studied across commercial and government-based users. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The key players profiled in the smart parking market report include Amano McGann, Inc., Continental AG, Dongyang Menics Co., Ltd, IEM SA, IPS Group Inc., Klaus Multiparking Systems, Robert Bosch GmbH, Smart Parking Limited, Swarco AG, and Urbiotica. 

Smart Parking Market
By Application

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Smart Payment System is projected as the most lucrative segments

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Increased parking concern across the globe

Finding a vacant parking space during peak hours is very difficult in areas such as hospital, hotel & shopping center, airport, university, and exhibition & convention center. The growth in number of population results in issues associated with residential parking as well as commercial. The problem linked to this is solved by using improved features such as notification of available free space by SMS & live updates of space reservation using the smart parking technology. This technology decreases the amount of time spend by the user for finding out the vacant parking slot and automate the process of searching the optimal parking floor and spot. Therefore, it creates a huge demand for the smart parking market.

Growth in demand for Internet of Things (IoT)-based technology

Internet of Things (IoT) is a system of interrelated computing devices that are connected to the internet to perform a specified task by exchanging the data without requiring human-to-human or human-to-computer interaction. Globally, the time spent on searching for parking slot is more and such related issues in many countries are solved by the University of Kansas by developing a project on smart parking solutions with the use of IoT technology. Moreover, implementation of IoT-based smart parking system helps manage better parking and also reduces driver’s time. For instance, in parking garages, driver can even list the number of parking slots available at the entrance, before entering the garage. This is done by receiving constant information updates from the sensors and providing this information to the driver. Such advancement in the IoT technology for smart parking solutions is expected to significantly drive the smart parking market. 

Smart Parking Market
By End-user

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Commercial is projected as the most lucrative segments

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High implementation cost & configuration complexity

Due to constant technological advancements, there is necessity to frequently upgrade the system & software required to keep them compatible with external environment. In addition, the cost of all components including sensor, RFID, and fuzzy logics along with the assembly required in smart parking cost higher to the consumer. As many components and sensors are assembled in a single dielectric plate according to the compatibility, it incurs higher cost. This bulky system takes higher implementation cost as it needs to be connected with the wireless devices for its proper operation. Therefore, high configuration complexity coupled with higher initial implantation cost hinders the wide adoption of the smart parking market.

Rise in investment on building driverless vehicles

Many car manufacturing companies such as Tesla, Waymo, and Ford have tested parking assistance function in the autonomous vehicle that shows free parking space. Development of technology to handle or park the vehicle using the smart phones is adopted by many countries such as Canada, the U.S., Germany, the UK, and others. Furthermore, software companies offer frequent updates to resolve the problem of congestion for the smart parking technique. The continuous advancements in terms of technology and infrastructure are expected to create lucrative growth opportunities for the smart parking market in the near future.

Smart Parking Market
By Region

2027
Europe 
North America
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 14.3% during 2020-2027.

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Covid Impact Analysis

  • The COVID-19 pandemic has led to quarantine and shelter-at-home orders, decreasing parking activities and resulting in shutdowns and closures of parking facilities nationwide. 
  • Airports, where parking represents one of the largest revenue sources, are now severely hampered due to global travel restrictions and bans. 
  • Countless airports have halted construction or repair projects, and are issuing orders to stop the work due to lower budgets. 
  • Various airports have also moved employee parking closer to facilities to reduce shuttle commute to the actual place of work within the campus.
  • Educational and work establishments such as universities, schools, and offices have shifted to virtual learning and working arrangement.

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global smart parking market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall smart parking market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global smart parking market with a detailed impact analysis.
  • The current smart parking market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Type

  • Off-street
  • On-street

By Technology

  • IoT
  • Ultrasonic
  • RFID

By Application

  • Security & Surveillance
  • Smart Payment System
  • E parking
  • License Plate Recognition

By End User

  • Commercial
  • Government

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany 
    • France 
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan 
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Amano McGann, Inc.
  • Continental AG
  • Dongyang Menics Co., Ltd
  • IEM SA
  • IPS Group Inc.
  • Klaus Multiparking Systems
  • Robert Bosch GmbH
  • Smart Parking Limited
  • Swarco AG
  • Urbiotica
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Market share analysis, 2019 (%)
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increased parking concern across the globe
3.5.1.2.Growth in demand for Internet of Things (IoT)-based technology
3.5.1.3.Increase in number of vehicles

3.5.2.Restraints

3.5.2.1.High implementation cost & configuration complexity
3.5.2.2.Low rate of internet penetration in developing regions

3.5.3.Opportunities

3.5.3.1.Rise in investment on building driverless vehicles
3.5.3.2.Government initiatives in building smart cities across the globe

3.6.Impact of COVID on the market

3.6.1.Evolution of outbreak

3.6.1.1.SARS
3.6.1.2.COVID-19

3.6.2.Micro economic impact analysis

3.6.2.1.Consumer trend
3.6.2.2.Technology trend
3.6.2.3.Regulatory trend

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index

3.6.4.Impact on the smart parking industry analysis

CHAPTER 4:SMART PARKING MARKET, BY TYPE

4.1.Overview
4.2.Off-street

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.On-street

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:SMART PARKING MARKET, BY TECHNOLOGY

5.1.Overview
5.2.Internet of Things (IoT)

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Ultrasonic

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.RFID

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

CHAPTER 6:SMART PARKING MARKET, BY APPLICATION

6.1.Overview
6.2.Security & surveillance

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Smart payment systems

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.E-parking

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.License plate recognition

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

CHAPTER 7:SMART PARKING MARKET, BY END USER

7.1.Overview
7.2.Commercial

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Government

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

CHAPTER 8:SMART PARKING MARKET, BY REGION

8.1.Overview
8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by type
8.2.3.Market size and forecast, by technology
8.2.4.Market size and forecast, by application
8.2.5.Market size and forecast, by end user
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by type
8.2.6.1.2.Market size and forecast, by technology
8.2.6.1.3.Market size and forecast, by application
8.2.6.1.4.Market size and forecast, by end user

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by type
8.2.6.2.2.Market size and forecast, by technology
8.2.6.2.3.Market size and forecast, by application
8.2.6.2.4.Market size and forecast, by end user

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by type
8.2.6.3.2.Market size and forecast, by technology
8.2.6.3.3.Market size and forecast, by application
8.2.6.3.4.Market size and forecast, by end user

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by type
8.3.3.Market size and forecast, by technology
8.3.4.Market size and forecast, by application
8.3.5.Market size and forecast, by end user
8.3.6.Market analysis, by country

8.3.6.1.UK

8.3.6.1.1.Market size and forecast, by type
8.3.6.1.2.Market size and forecast, by technology
8.3.6.1.3.Market size and forecast, by application
8.3.6.1.4.Market size and forecast, by end user

8.3.6.2.Germany

8.3.6.2.1.Market size and forecast, by type
8.3.6.2.2.Market size and forecast, by technology
8.3.6.2.3.Market size and forecast, by application
8.3.6.2.4.Market size and forecast, by end user

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by type
8.3.6.3.2.Market size and forecast, by technology
8.3.6.3.3.Market size and forecast, by application
8.3.6.3.4.Market size and forecast, by end user

8.3.6.4.Italy

8.3.6.4.1.Market size and forecast, by type
8.3.6.4.2.Market size and forecast, by technology
8.3.6.4.3.Market size and forecast, by application
8.3.6.4.4.Market size and forecast, by end user

8.3.6.5.Rest of Europe

8.3.6.5.1.Market size and forecast, by type
8.3.6.5.2.Market size and forecast, by technology
8.3.6.5.3.Market size and forecast, by application
8.3.6.5.4.Market size and forecast, by end user

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by type
8.4.3.Market size and forecast, by technology
8.4.4.Market size and forecast, by application
8.4.5.Market size and forecast, by end user
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by type
8.4.6.1.2.Market size and forecast, by technology
8.4.6.1.3.Market size and forecast, by application
8.4.6.1.4.Market size and forecast, by end user

8.4.6.2.India

8.4.6.2.1.Market size and forecast, by type
8.4.6.2.2.Market size and forecast, by technology
8.4.6.2.3.Market size and forecast, by application
8.4.6.2.4.Market size and forecast, by end user

8.4.6.3.Japan

8.4.6.3.1.Market size and forecast, by type
8.4.6.3.2.Market size and forecast, by technology
8.4.6.3.3.Market size and forecast, by application
8.4.6.3.4.Market size and forecast, by end user

8.4.6.4.Australia

8.4.6.4.1.Market size and forecast, by type
8.4.6.4.2.Market size and forecast, by technology
8.4.6.4.3.Market size and forecast, by application
8.4.6.4.4.Market size and forecast, by end user

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Market size and forecast, by type
8.4.6.5.2.Market size and forecast, by technology
8.4.6.5.3.Market size and forecast, by application
8.4.6.5.4.Market size and forecast, by end user

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by type
8.5.3.Market size and forecast, by technology
8.5.4.Market size and forecast, by application
8.5.5.Market size and forecast, by end user
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by type
8.5.6.1.2.Market size and forecast, by technology
8.5.6.1.3.Market size and forecast, by application
8.5.6.1.4.Market size and forecast, by end user

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by type
8.5.6.2.2.Market size and forecast, by technology
8.5.6.2.3.Market size and forecast, by application
8.5.6.2.4.Market size and forecast, by end user

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by type
8.5.6.3.2.Market size and forecast, by technology
8.5.6.3.3.Market size and forecast, by application
8.5.6.3.4.Market size and forecast, by end user

CHAPTER 9:COMPANY PROFILES

9.1.AMANO MCGANN

9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Operating business segments
9.1.4.Product portfolio
9.1.5.Business performance
9.1.6.Key strategic moves and developments

9.2.CONTINENTAL AG

9.2.1.Company overview
9.2.2.Company snapshot
9.2.3.Operating business segments
9.2.4.Product portfolio
9.2.5.Business performance
9.2.6.Key strategic moves and developments

9.3.DONGYANG MENICS CO. LTD.

9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Product portfolio

9.4.IEM SA

9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Product portfolio
9.4.4.Key strategic moves and developments

9.5.IPS GROUP, INC.

9.5.1.Company overview
9.5.2.Company snapshot
9.5.3.Product portfolio
9.5.4.Key strategic moves and developments

9.6.KLAUS MULTIPARKING SYSTEMS

9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Product portfolio
9.6.4.Key strategic moves and developments

9.7.ROBERT BOSCH GmbH

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Operating business segments
9.7.4.Product portfolio
9.7.5.Business performance
9.7.6.Key strategic moves and developments

9.8.SMART PARKING LTD.

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Product portfolio
9.8.4.Business performance

9.9.SWARCO AG

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Product portfolio
9.9.4.Key strategic moves and developments

9.10.URBIOTICA

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Product portfolio
9.10.4.Key strategic moves and developments

LIST OF TABLES

TABLE 01.MACRO ECONOMIC INDICATORS PROJECTION (1/2):
TABLE 02.MACRO-ECONOMIC INDICATORS PROJECTIONS (2/2):
TABLE 03.GLOBAL SMART PARKING MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 04.OFF-STREET SMART PARKING MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 05.ON-STREET SMART PARKING MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 06.GLOBAL SMART PARKING MARKET, BY TECHNOLOGY, 2019-2027 ($MILLION)
TABLE 07.SMART PARKING MARKET REVENUE FOR INTERNET OF THINGS (IOT), BY REGION 2019–2027 ($MILLION)
TABLE 08.SMART PARKING MARKET REVENUE FOR ULTRASONIC, BY REGION 2019–2027 ($MILLION)
TABLE 09.SMART PARKING MARKET REVENUE FOR RFID, BY REGION 2019–2027 ($MILLION)
TABLE 10.GLOBAL SMART PARKING MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 11.SMART PARKING MARKET REVENUE FOR SECURITY & SURVEILLANCE, BY REGION 2019–2027 ($MILLION)
TABLE 12.SMART PARKING MARKET REVENUE FOR SMART PAYMENT SYSTEMS, BY REGION 2019–2027 ($MILLION)
TABLE 13.SMART PARKING MARKET REVENUE FOR E-PARKING, BY REGION 2019–2027 ($MILLION)
TABLE 14.SMART PARKING MARKET REVENUE FOR LICENSE PLATE RECOGNITION, BY REGION 2019–2027 ($MILLION)
TABLE 15.GLOBAL SMART PARKING MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 16.COMMERCIAL SMART PARKING MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 17.GOVERNMENT SMART PARKING MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 18.NORTH AMERICA SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICA SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 20.NORTH AMERICA SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 21.NORTH AMERICA SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 22.U.S. SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 23.U.S. SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 24.U.S. SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25.U.S. SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 26.CANADA SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 27.CANADA SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 28.CANADA SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29.CANADA SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 30.MEXICO SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 31.MEXICO SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 32.MEXICO SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 33.MEXICO SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 34.EUROPE SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 35.EUROPE SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 36.EUROPE SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 37.EUROPE SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 38.UK SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 39.UK SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 40.UK SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.UK SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 42.GERMANY SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 43.GERMANY SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 44.GERMANY SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 45.GERMANY SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 46.FRANCE SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 47.FRANCE SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 48.FRANCE SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 49.FRANCE SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 50.ITALY SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 51.ITALY SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 52.ITALY SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 53.ITALY SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 54.REST OF EUROPE SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 55.REST OF EUROPE SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 56.REST OF EUROPE SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 57.REST OF EUROPE SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 58.ASIA-PACIFIC SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 59.ASIA-PACIFIC SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 60.ASIA-PACIFIC SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 61.ASIA-PACIFIC SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 62.CHINA SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 63.CHINA SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 64.CHINA SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 65.CHINA SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 66.INDIA SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 67.INDIA SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 68.INDIA SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 69.INDIA SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 70.JAPAN SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 71.JAPAN SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 72.JAPAN SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 73.JAPAN SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 74.AUSTRALIA SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 75.AUSTRALIA SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 76.AUSTRALIA SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 77.AUSTRALIA SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 78.REST OF ASIA-PACIFIC SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 79.REST OF ASIA-PACIFIC SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 80.REST OF ASIA-PACIFIC SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 81.REST OF ASIA-PACIFIC SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 82.LAMEA SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 83.LAMEA SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 84.LAMEA SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 85.LAMEA SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 86.LATIN AMERICA SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 87.LATIN AMERICA SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 88.LATIN AMERICA SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 89.LATIN AMERICA SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 90.MIDDLE EAST SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 91.MIDDLE EAST SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 92.MIDDLE EAST SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 93.MIDDLE EAST SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 94.AFRICA SMART PARKING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 95.AFRICA SMART PARKING MARKET, BY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 96.AFRICA SMART PARKING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 97.AFRICA SMART PARKING MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 98.AMANO MCGANN: COMPANY SNAPSHOT
TABLE 99.AMANO MCGANN: OPERATING SEGMENTS
TABLE 100.AMANO MCGANN: PRODUCT PORTFOLIO
TABLE 101.CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 102.CONTINENTAL AG: OPERATING SEGMENTS
TABLE 103.CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 104.DONGYANG MENICS CO. LTD.: COMPANY SNAPSHOT
TABLE 105.DONGYANG MENICS CO. LTD.: PRODUCT PORTFOLIO
TABLE 106.IEM SA: COMPANY SNAPSHOT
TABLE 107.IEM SA: PRODUCT PORTFOLIO
TABLE 108.IPS GROUP INC.: COMPANY SNAPSHOT
TABLE 109.IPS GROUP, INC.: PRODUCT PORTFOLIO
TABLE 110.KLAUS MULTIPARKING SYSTEMS: COMPANY SNAPSHOT
TABLE 111.KLAUS MULTIPARKING SYSTEMS: PRODUCT PORTFOLIO
TABLE 112.ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 113.ROBERT BOSCH GMBH: OPERATING SEGMENTS
TABLE 114.ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 115.SMART PARKING LTD.: COMPANY SNAPSHOT
TABLE 116.SMART PARKING LTD.: PRODUCT PORTFOLIO
TABLE 117.SWARCO AG: COMPANY SNAPSHOT
TABLE 118.SWARCO AG: PRODUCT PORTFOLIO
TABLE 119.URBIOTICA: COMPANY SNAPSHOT
TABLE 120.URBIOTICA: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017-2020*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 09.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-HIGH INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 14.MARKET SHARE ANALYSIS, 2019 (%)
FIGURE 15.GLOBAL SMART PARKING MARKET, BY TYPE, 2019-2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF OFF-STREET SMART PARKING MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF ON-STREET SMART PARKING MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 18.GLOBAL SMART PARKING MARKET, BY TECHNOLOGY, 2019-2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF INTERNET OF THINGS (IOT) SMART PARKING MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF ULTRASONIC SMART PARKING MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF RFID SMART PARKING MARKET, BY COUNTRY, 2019 & 2027($MILLION)
FIGURE 22.GLOBAL SMART PARKING MARKET, BY APPLICATION, 2019-2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF SECURITY & SURVEILLANCE SMART PARKING MARKET, BY COUNTRY,  2019 & 2027 ($MILLION)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF SMART PAYMENT SYSTEMS FOR SMART PARKING MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF E-PARKING FOR SMART PARKING MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF LICENSE PLATE RECOGNITION FOR SMART PARKING MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 27.GLOBAL SMART PARKING MARKET, BY END USER, 2019-2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL SMART PARKING MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF GOVERNMENT SMART PARKING MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 30.SMART PARKING MARKET, BY REGION, 2019-2027 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF SMART PARKING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 32.U.S. SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 33.CANADA SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 34.MEXICO SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 35.COMPARATIVE SHARE ANALYSIS OF SMART PARKING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 36.UK SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 37.GERMANY SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 38.FRANCE SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 39.ITALY SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 40.REST OF EUROPE SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 41.COMPARATIVE SHARE ANALYSIS OF SMART PARKING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 42.CHINA SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 43.INDIA SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 44.JAPAN SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 45.AUSTRALIA SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 46.REST OF ASIA-PACIFIC SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 47.COMPARATIVE SHARE ANALYSIS OF SMART PARKING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 48.LATIN AMERICA SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 49.MIDDLE EAST SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 50.AFRICA SMART PARKING MARKET, 2019–2027 ($MILLION)
FIGURE 51.AMANO CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 52.AMANO CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 53.AMANO CORPORATION: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 54.CONTINENTAL AG: NET SALES, 2017–2019 ($MILLION)
FIGURE 55.CONTINENTAL AG: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 56.CONTINENTAL AG: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 57.ROBERT BOSCH GMBH: NET SALES, 2017–2019 ($MILLION)
FIGURE 58.ROBERT BOSCH GMBH: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 59.ROBERT BOSCH GMBH: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 60.SMART PARKING LTD.: NET SALES, 2018–20 ($MILLION)

 
 

Smart parking is a system that uses sensing devices to determine occupancy at the parking space. This makes the use of sensing devices that consists of cameras, counting equipment such as gates or RFID tags at the entrance of a lot, or different type of sensors that are equipped into the individual parking spaces. 

A smart parking system typically obtains information about available parking spaces in a particular geographic area or in residential areas and process is real-time to place vehicles at available positions.

Increase in parking concern across the globe, growth in demand for Internet of Things (IoT) based technology, and high adoption rate in number of vehicles drive the growth of the smart parking market. However, high employment cost & configuration complexity restrain the market growth. Moreover, rise in investment on building driverless vehicles and increase in government initiative in building smart cities across the globe are expected to create tremendous opportunities for the market.

Among the analyzed regions, North America is the highest revenue contributor, followed by Europe, Asia-Pacific, and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to maintain its lead during the forecast period, owing to increase in adoption of advanced technologies followed by the implementation of smart mobility and smart cities across the region. 
 

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FREQUENTLY ASKED QUESTIONS?
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A. The global smart parking market was valued at $6.05 billion in 2019, and is projected to reach $11.13 bllion by 2027, registering a CAGR of 12.6% from 2020 to 2027.

A. COVID-19 has impacted the global smart parking market in such a way that the already established smart parkings across the globe are being used as isolation and quarentinr centres due to the immediate impact of COVID-19.

A. The report sample for smart parking Market report can be obtained on demand from the website.

A. Urbiotica launched the Urbiotica Mobile app. This app provide a parking guidance system for the indoor and outdoor parking availability. Such development done to provide solutions for managing urban parking, regulated parking, parking in shopping centers, and noise control in the cities.

A. The potential customers of the smart parking Market are the original equipment manufacturers (OEMs) who install automatically operated components in their vehicles. Also, the government agencies and commercial places are the potential costomers of the smart parking market alongwith the aftermarket.

A. The company profiles of the top ten players of the smart parking Market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the smart parking industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. Based on the global smart parking market analysis, North America is the major revenue contributor in 2019 and is expected to provide more business opportunities during the forecast period meanwhile Asia-Pacific is expected to see a lucrative growth during the forecast period.

A. The Technology segment is the most influencing segment in the global smart parking market due to the application of different technologies such as IoT, ultrasonic and RFID.

A. The key matured markets growing in the smart parking report are the areas having a denser population where the availability of parking space is not available easily.

A. The top companies that hold the market share in the smart parking market are Amano McGann, Continental AG, Robert Bosch GmbH, Smart Parking Limited and others.

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