
Global Smart Parking Market to 2027
Description
Global Smart Parking Market to 2027
Global Smart Parking Market to 2027
Market Overview
Smart parking system is helpful to driver to find vacant spot and the system collects real time data through sensors installed in each parking space that enables detection of presence or absence of vehicles. This system directs drivers to available locations. This system is time saving, time-efficient, and convenient automation of parking facilities.
Market Drivers
Rise in number of vehicles across the globe and shrinking availability of on-street parking space are the key driving factors which are expected to boost the global smart parking market growth. Furthermore, increase in adoption of smart parking systems in parking garages, and multistoried parking facilities will have the positive impact on market growth. Moreover, rise in demand for integrated automated solutions with technological advancements will fuel the market growth during this forecast period. In addition to that, increase in demand for Internet of Things (IoT) and high adoption rate in number of vehicles will propel the market growth.
Market Restraints
However, high installation cost is the challenging factor for market which is expected to hamper the global smart parking market growth. Also, lack of awareness regarding advantages of smart parking systems in underdeveloped region will affect the market growth.
Market Segmentation
Global Smart Parking Market is segmented into type such as On-Street, and Off-Street, by technology such as IoT, Ultrasonic, and RFID, by application such as Security & Surveillance, E-Parking, Smart Payment System, and License Plate Recognition. Further, market is segmented into end user such as Government, and Commercial.
Also, Global Smart Parking Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as 3M Company, Cubic Corporation, Bosch, BMW Group, Siemens, Xerox Corporation, Kapsch TrafficCom AG, Swarco AG, Nortek Control Systems Ltd, and Amano Corporation.
Market Taxonomy
By Type
Global Smart Parking Market to 2027
Market Overview
Smart parking system is helpful to driver to find vacant spot and the system collects real time data through sensors installed in each parking space that enables detection of presence or absence of vehicles. This system directs drivers to available locations. This system is time saving, time-efficient, and convenient automation of parking facilities.
Market Drivers
Rise in number of vehicles across the globe and shrinking availability of on-street parking space are the key driving factors which are expected to boost the global smart parking market growth. Furthermore, increase in adoption of smart parking systems in parking garages, and multistoried parking facilities will have the positive impact on market growth. Moreover, rise in demand for integrated automated solutions with technological advancements will fuel the market growth during this forecast period. In addition to that, increase in demand for Internet of Things (IoT) and high adoption rate in number of vehicles will propel the market growth.
Market Restraints
However, high installation cost is the challenging factor for market which is expected to hamper the global smart parking market growth. Also, lack of awareness regarding advantages of smart parking systems in underdeveloped region will affect the market growth.
Market Segmentation
Global Smart Parking Market is segmented into type such as On-Street, and Off-Street, by technology such as IoT, Ultrasonic, and RFID, by application such as Security & Surveillance, E-Parking, Smart Payment System, and License Plate Recognition. Further, market is segmented into end user such as Government, and Commercial.
Also, Global Smart Parking Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as 3M Company, Cubic Corporation, Bosch, BMW Group, Siemens, Xerox Corporation, Kapsch TrafficCom AG, Swarco AG, Nortek Control Systems Ltd, and Amano Corporation.
Market Taxonomy
By Type
- On-Street
- Off-Street
- IoT
- Ultrasonic
- RFID
- Security & Surveillance
- E-Parking
- Smart Payment System
- License Plate Recognition
- Government
- Commercial
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Contents
171 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Smart Parking Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Smart Parking Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Smart Parking Market Share Analysis, By Type
- 5.3 Global Smart Parking Market Size and Forecast, By Type
- 5.3.1 on-Street
- 5.3.2 Off-Street
- 6 Global Smart Parking Market, By Technology
- 6.1 Y-o-Y Growth Comparison, By Technology
- 6.2 Global Smart Parking Market Share Analysis, By Technology
- 6.3 Global Smart Parking Market Size and Forecast, By Technology
- 6.3.1 IoT
- 6.3.2 Ultrasonic
- 6.3.3 RFID
- 7 Global Smart Parking Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Smart Parking Market Share Analysis, By Application
- 7.3 Global Smart Parking Market Size and Forecast, By Application
- 7.3.1 Security & Surveillance
- 7.3.2 E-Parking
- 73.3. Smart Payment System
- 7.3.4 License Plate Recognition
- 8 Global Smart Parking Market, By End User
- 8.1 Y-o-Y Growth Comparison, By End User
- 8.2 Global Smart Parking Market Share Analysis, By End User
- 8.3 Global Smart Parking Market Size and Forecast, By End User
- 8.3.1 Government
- 8.3.2 Commercial
- 9 Global Smart Parking Market, By Region
- 9.1 Global Smart Parking Market Share Analysis, By Region
- 9.2 Global Smart Parking Market Share Analysis, By Region
- 9.3 Global Smart Parking Market Size and Forecast, By Region
- 10 North America Smart Parking Analysis and Forecast (2017 – 2027)
- 10.1 Introduction
- 10.2 North America Smart Parking Market Share Analysis, By Type
- 10.3 North America Smart Parking Market Size and Forecast, By Technology
- 10.4 North America Smart Parking Market Size and Forecast, By Application
- 10.5 North America Smart Parking Market Size and Forecast, By End User
- 10.6 North America Smart Parking Market Size and Forecast, By Country
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 11 Europe Smart Parking Market Analysis and Forecast (2017 – 2027)
- 11.1 Introduction
- 11.2 Europe Smart Parking Market Share Analysis, By Type
- 11.3 Europe Smart Parking Market Size and Forecast, By Technology
- 11.4 Europe Smart Parking Market Size and Forecast, By Application
- 11.5 Europe Smart Parking Market Size and Forecast, By End User
- 11.6 Europe Smart Parking Market Size and Forecast, By Country
- 11.6.1 Germany
- 11.6.2 France
- 11.6.3 UK
- 11.64. Rest of Europe
- 12 Asia Pacific Smart Parking Market Analysis and Forecast (2017 – 2027)
- 12.1 Introduction
- 12.2 Asia Pacific Smart Parking Market Share Analysis, By Type
- 12.3 Asia Pacific Smart Parking Market Size and Forecast, By Technology
- 12.4 Asia Pacific Smart Parking Market Size and Forecast, By Application
- 12.5 Asia Pacific Smart Parking Market Size and Forecast, By End User
- 12.6 Asia Pacific Smart Parking Market Size and Forecast, By Country
- 12.6.1 China
- 12.6.2 Japan
- 12.6.3 India
- 12.6.4. Rest of Asia Pacific
- 13 Latin America Smart Parking Market Analysis and Forecast (2017 – 2027)
- 13.1 Introduction
- 13.2 Latin America Smart Parking Market Share Analysis, By Type
- 13.3 Latin America Smart Parking Market Size and Forecast, By Technology
- 13.4 Latin America Smart Parking Market Size and Forecast, By Application
- 13.5 Latin America Smart Parking Market Size and Forecast, By End User
- 13.6 Latin America Smart Parking Market Size and Forecast, By Country
- 14 Middle East Smart Parking Market Analysis and Forecast (2017 – 2027)
- 14.1 Introduction
- 14.2 Middle East Smart Parking Market Share Analysis, By Type
- 14.3 Middle East Smart Parking Market Size and Forecast, By Technology
- 14.4 Middle East Smart Parking Market Size and Forecast, By Application
- 14.5 Middle East Smart Parking Market Size and Forecast, By End User
- 14.6 Middle East Smart Parking Market Size and Forecast, By Country
- 15 Competitive Analysis
- 15.1 Competition Dashboard
- 15.2 Market share Analysis of Top Vendors
- 15.3 Key Development Strategies
- 16 Company Profiles
- 16.1 3 M Company,
- 16.1.1 Overview
- 16.1.2 Offerings
- 16.1.3 Key Financials
- 16.1.4 Business Segment & Geographic Overview
- 16.1.5 Key Market Developments
- 16.1.6 Key Strategies
- 16.2 Cubic Corporation
- 16.2.1 Overview
- 16.2.2 Offerings
- 16.2.3 Key Financials
- 16.2.4 Business Segment & Geographic Overview
- 16.2.5 Key Market Developments
- 16.2.6 Key Strategies
- 16.3 Bosch
- 16.3.1 Overview
- 16.3.2 Offerings
- 16.3.3 Key Financials
- 16.3.4 Business Segment & Geographic Overview
- 16.3.5 Key Market Developments
- 16.3.6 Key Strategies
- 16.4 BMW Group
- 16.4.1 Overview
- 16.4.2 Offerings
- 16.4.3 Key Financials
- 16.4.4 Business Segment & Geographic Overview
- 16.4.5 Key Market Developments
- 16.4.6 Key Strategies
- 16.5 Siemens
- 16.5.1 Overview
- 16.5.2 Offerings
- 16.5.3 Key Financials
- 16.5.4 Business Segment & Geographic Overview
- 16.5.5 Key Market Developments
- 16.5.6 Key Strategies
- 16.6 Xerox Corporation
- 16.6.1 Overview
- 16.6.2 Offerings
- 16.6.3 Key Financials
- 16.6.4 Business Segment & Geographic Overview
- 16.6.5 Key Market Developments
- 16.6.6 Key Strategies
- 16.7 Kapsch TrafficCom AG
- 16.7.1 Overview
- 16.7.2 Offerings
- 16.7.3 Key Financials
- 16.7.4 Business Segment & Geographic Overview
- 16.7.5 Key Market Developments
- 16.7.6 Key Strategies
- 16.8 Swarco AG
- 16.8.1 Overview
- 16.8.2 Offerings
- 16.8.3 Key Financials
- 16.8.4 Business Segment & Geographic Overview
- 16.8.5 Key Market Developments
- 16.8.6 Key Strategies
- 16.9 Nortek Control Systems Ltd,
- 16.9.1 Overview
- 16.9.2 Offerings
- 16.9.3 Key Financials
- 16.9.4 Business Segment & Geographic Overview
- 16.9.5 Key Market Developments
- 16.9.6 Key Strategies
- 16.10 Amano Corporation
- 16.10.1 Overview
- 16.10.2 Offerings
- 16.10.3 Key Financials
- 16.10.4 Business Segment & Geographic Overview
- 16.10.5 Key Market Developments
- 16.9.6 Key Strategies
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