Smart Parking

Smart Parking

Global Smart Parking Market to Reach $12.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Parking estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$12.5 Billion by 2027, growing at aCAGR of 17.5% over the period 2020-2027. Guided Park Assist, one of the segments analyzed in the report, is projected to record 16.5% CAGR and reach US$7.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Park segment is readjusted to a revised 19.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 16.9% CAGR

The Smart Parking market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 16.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.5% and 15.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.We bring years of research experience to this 8th edition of our report. The 140-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • Aisin Seiki Co., Ltd.
  • Amano Corporation
  • Continental AG
  • Cubic Corporation
  • Delphi Automotive PLC
  • Kapsch TrafficCom AG
  • Nedap Identification Systems
  • Robert Bosch GmbH
  • Siemens AG
  • Tkh Group-Park Assist
  • Valeo SA
  • Xerox Corporation


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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Smart Parking Technology and Human Innovation Enable Efficient Use of Parking Spaces
Smart Parking Value Chain
Smart Parking Market: Need for Decongestion of Cities and Provide Efficient Parking Experience Drives Growth
Global Smart Parking Systems Market: Percentage Breakdown of Revenues by End-Use for 2019
Global Smart Parking Market: Percentage Breakdown of Revenues by Parking Site for 2019 and 2025
Global Competitor Market Shares
Smart Parking Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Market Structure of Smart Parking Solutions Industry
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Vehicular Traffic and Lack of Adequate Parking Spaces in Cities Drives Focus onto Smart Parking Systems
Countries with Highest Vehicle Density Per Capita (in Number of Vehicles Per 1,000 Inhabitant)
An Insight into the Economic Cost of Parking
Average Time Spent in Searching for Parking Space in US, UK and German Cities
Parking Search Cost in Major US Cities: Number of Hours Spent on Searching for Parking Space Per Driver Per Annum and Total Cost Per Annum (in $ Billion)
Parking Search Cost in Major Cities across the UK: Number of Hours Spent on Searching for Parking Space Per Driver Per Annum and Total Cost Per Annum (in £ Billion)
Parking Search Cost in Major German Cities: Number of Hours Spent on Searching for Parking Space Per Driver Per Annum and Total Cost Per Annum (in € Million)
Major Driver Issues and Key Parking Issues in the US, UK and Germany
Smart Parking Solutions Seek to Resolve the Ever Growing Transport Challenges Confronting Cities across the World
Smart Parking: An Integral Part of Smart City Initiatives
List of Select Smart City Projects Worldwide
Growing Smart City Initiatives Worldwide Presents Opportunity for Smart Parking Market: Global Smart Cities Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
Smart Parking Solutions Offer Considerable Advantages to Drivers
Automation Technologies to Significantly Impact Smart Parking Market
Integration of Real-Time Smart Parking Systems in Distributed Intelligent Transport Systems across Smart Cities: Designed to Provide Timely Information
IoT Facilitates Location Tracking of Cars in Smart Parking Lots
Integrated Smart Parking Solutions Hold the Ability to Considerably Enhance Efficiency
Parking 4.0: The Future of Smart Parking
Event Parking in Cities: Tremendous Growth Potential for Smart Parking Market
Smart Parking Technology Presents Additional Avenues of Revenue Generation in Cities
Major Trends in the Smart Parking World: In a Nutshell
Smart Parking: Among the Notable Innovations in the Parking Space
PRODUCT OVERVIEW
Smart Parking
Technologies Used in Smart Parking
4. GLOBAL MARKET PERSPECTIVE
Decongestion of Cities: A Key Advantage of IoT-Enabled Smart Parking Systems
TABLE 1: Smart Parking Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Smart Parking Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Guided Park Assist (System) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 4: Guided Park Assist (System) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Smart Park (System) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 6: Smart Park (System) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Security & Surveillance (Solution) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 8: Security & Surveillance (Solution) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 9: Valet & Parking Reservation (Solution) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 10: Valet & Parking Reservation (Solution) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 11: License Plate Recognition (Solution) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 12: License Plate Recognition (Solution) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Passenger Car Smart Parking Market Share (in %) by Company: 2019 & 2025
With the US Parking Market Challenged by Significant Inefficiencies, Smart Parking Technology Promises Change
Smart Parking Systems Market in the US: Percentage Breakdown of Revenue by Parking Site for 2019 and 2025
Smart Parking Systems Market in North America: Percentage Breakdown of Revenues by Component for 2019 and 2025
Market Analytics
TABLE 13: United States Smart Parking Market Estimates and Projections in US$ Million by System: 2020 to 2027
TABLE 14: United States Smart Parking Market Share Breakdown by System: 2020 VS 2027
TABLE 15: United States Smart Parking Market Estimates and Projections in US$ Million by Solution: 2020 to 2027
TABLE 16: United States Smart Parking Market Share Breakdown by Solution: 2020 VS 2027
CANADA
TABLE 17: Canadian Smart Parking Market Estimates and Forecasts in US$ Million by System: 2020 to 2027
TABLE 18: Smart Parking Market in Canada: Percentage Share Breakdown of Sales by System for 2020 and 2027
TABLE 19: Canadian Smart Parking Market Estimates and Forecasts in US$ Million by Solution: 2020 to 2027
TABLE 20: Smart Parking Market in Canada: Percentage Share Breakdown of Sales by Solution for 2020 and 2027
JAPAN
TABLE 21: Japanese Market for Smart Parking: Annual Sales Estimates and Projections in US$ Million by System for the Period 2020-2027
TABLE 22: Japanese Smart Parking Market Share Analysis by System: 2020 VS 2027
TABLE 23: Japanese Market for Smart Parking: Annual Sales Estimates and Projections in US$ Million by Solution for the Period 2020-2027
TABLE 24: Japanese Smart Parking Market Share Analysis by Solution: 2020 VS 2027
CHINA
Need to Tackle China’s Parking Crisis Spurs Robust Growth in the Smart Parking Market
Diagonal Smart Parking Garage Debuts in China
Market Analytics
TABLE 25: Chinese Smart Parking Market Growth Prospects in US$ Million by System for the Period 2020-2027
TABLE 26: Chinese Smart Parking Market by System: Percentage Breakdown of Sales for 2020 and 2027
TABLE 27: Chinese Smart Parking Market Growth Prospects in US$ Million by Solution for the Period 2020-2027
TABLE 28: Chinese Smart Parking Market by Solution: Percentage Breakdown of Sales for 2020 and 2027
EUROPE
Market Facts & Figures
European Passenger Car Smart Parking Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Smart Parking Market in Europe: An Overview
Market Analytics
TABLE 29: European Smart Parking Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 30: European Smart Parking Market Share Shift by Region/Country: 2020 VS 2027
TABLE 31: European Smart Parking Market Estimates and Forecasts in US$ Million by System: 2020-2027
TABLE 32: European Smart Parking Market Share Breakdown by System: 2020 VS 2027
TABLE 33: European Smart Parking Market Estimates and Forecasts in US$ Million by Solution: 2020-2027
TABLE 34: European Smart Parking Market Share Breakdown by Solution: 2020 VS 2027
FRANCE
TABLE 35: Smart Parking Market in France by System: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 36: French Smart Parking Market Share Analysis by System: 2020 VS 2027
TABLE 37: Smart Parking Market in France by Solution: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 38: French Smart Parking Market Share Analysis by Solution: 2020 VS 2027
GERMANY
TABLE 39: Smart Parking Market in Germany: Recent Past, Current and Future Analysis in US$ Million by System for the Period 2020-2027
TABLE 40: German Smart Parking Market Share Breakdown by System: 2020 VS 2027
TABLE 41: Smart Parking Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Solution for the Period 2020-2027
TABLE 42: German Smart Parking Market Share Breakdown by Solution: 2020 VS 2027
ITALY
TABLE 43: Italian Smart Parking Market Growth Prospects in US$ Million by System for the Period 2020-2027
TABLE 44: Italian Smart Parking Market by System: Percentage Breakdown of Sales for 2020 and 2027
TABLE 45: Italian Smart Parking Market Growth Prospects in US$ Million by Solution for the Period 2020-2027
TABLE 46: Italian Smart Parking Market by Solution: Percentage Breakdown of Sales for 2020 and 2027
UNITED KINGDOM
TABLE 47: United Kingdom Market for Smart Parking: Annual Sales Estimates and Projections in US$ Million by System for the Period 2020-2027
TABLE 48: United Kingdom Smart Parking Market Share Analysis by System: 2020 VS 2027
TABLE 49: United Kingdom Market for Smart Parking: Annual Sales Estimates and Projections in US$ Million by Solution for the Period 2020-2027
TABLE 50: United Kingdom Smart Parking Market Share Analysis by Solution: 2020 VS 2027
REST OF EUROPE
TABLE 51: Rest of Europe Smart Parking Market Estimates and Forecasts in US$ Million by System: 2020-2027
TABLE 52: Rest of Europe Smart Parking Market Share Breakdown by System: 2020 VS 2027
TABLE 53: Rest of Europe Smart Parking Market Estimates and Forecasts in US$ Million by Solution: 2020-2027
TABLE 54: Rest of Europe Smart Parking Market Share Breakdown by Solution: 2020 VS 2027
ASIA-PACIFIC
Smart Parking Market Potential in India: A Review
Smart Parking System Addresses Issues Emerging in Multi-Tenant Parking Lots
Indonesia: Rapid Growth of Urban Vehicular Population Spurs Smart Parking Market
Market Analytics
TABLE 55: Smart Parking Market in Asia-Pacific by System: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 56: Asia-Pacific Smart Parking Market Share Analysis by System: 2020 VS 2027
TABLE 57: Smart Parking Market in Asia-Pacific by Solution: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 58: Asia-Pacific Smart Parking Market Share Analysis by Solution: 2020 VS 2027
REST OF WORLD
Dubai Makes Active Efforts to Shift towards Smart Parking
Market Analytics
TABLE 59: Rest of World Smart Parking Market Estimates and Forecasts in US$ Million by System: 2020 to 2027
TABLE 60: Smart Parking Market in Rest of World: Percentage Share Breakdown of Sales by System for 2020 and 2027
TABLE 61: Rest of World Smart Parking Market Estimates and Forecasts in US$ Million by Solution: 2020 to 2027
TABLE 62: Smart Parking Market in Rest of World: Percentage Share Breakdown of Sales by Solution for 2020 and 2027
IV. COMPETITION
Total Companies Profiled: 42

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