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PUBLISHER: Blueweave Consulting & Research Private Limited | PRODUCT CODE: 1208572

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PUBLISHER: Blueweave Consulting & Research Private Limited | PRODUCT CODE: 1208572

Japan Smart Parking Systems Market - By Type ; By Technology (Internet of Things, Ultrasonic, RFID); By Application ; By Hardware ; By Software ; By Service ; By End User, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

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Japan Smart Parking Systems Market Size Expands 3X to Cross USD 662 million by 2029

Japan smart parking systems market size is flourishing owing to payment technology advancements, wireless technology advancements, increasing availability of integrated automated market solutions, favorable government policies & regulations, and investments accelerating the implementation of Japan parking systems for a seamless, user-friendly parking experience for operators and drivers.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Japan smart parking systems market size at USD 201.36 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Japan smart parking systems market size to grow at a robust CAGR of 18.89% reaching a value of USD 662.4 million by 2029. A major factor propelling the growth of the smart parking market is the effective increase in vehicle numbers raising concerns about parking solutions. The demand for and adoption of IoT-related technology is expanding, which is another factor driving the market for smart parking. The government's initiative to build smart cities in the area and the increase in investment in the development of driverless cars both present opportunities for the market for smart parking to expand. The high implementation costs and subsequent increases in vehicle prices are a problem for the market for smart parking, though. However, the main impediment to the growth of the smart parking market during the forecast is a lack of awareness regarding the advantages of smart parking.

Japan Smart Parking Systems Market - Overview

A smart parking system (SPS) enhances parking spaces through automated admittance control systems, parking guidance systems (PGS), parking reserving barriers, and ticketing systems. It uses mechanical systems to move cars from one parking spot to another, freeing up space in a single-story or multistory garage. For real-time data transmission to a control center, it uses pavement sensors, video cameras, automatic number plate recognition (ANPR), and vehicle counting equipment to manage parking lot occupancy. It aims to provide a well-organized parking operation and improve traffic flow in congested areas.

Opportunity: Increasing investments in developing autonomous cars

Ford, Tesla, and Waymo are just a few of the automakers that have tested the autonomous vehicle's parking assistance feature, which displays available parking spaces. Technology for controlling or parking a car using a smartphone is developing quickly. Software providers frequently release updates to address the smart parking technique's congestion issue. Future growth opportunities for the Japan smart parking market are expected to be lucrative due to the ongoing improvements in infrastructure and technology.


Costly Implementation

A smart parking system is an advanced and cutting-edge piece of technology. Its implementation necessitates substantial investments in infrastructure, technology, and overall upkeep. It must also be operated by skilled personnel who have received appropriate training. Although government officials in developed countries are enthusiastic about this system, many emerging economies are skeptical due to its prohibitively high cost.

Impact of COVID-19 on Japan Smart Parking Systems Market

The strict lockdowns and social isolation used to stop the COVID-19 virus's spread hurt the smart parking market. The demand for smart parking was impacted by the unstable economy, a portion of businesses being shut down, and low consumer confidence. The logistics and supply chain processes suffered during the pandemic. The smart parking market is expected to gain traction in the post-pandemic scenario as restrictions are relaxed.

Japan Smart Parking Systems Market - By Type

Japan smart parking systems market by type is segmented into off-street and on-street smart parking systems. The off-street market segment dominates the Japan market for parking systems. The increase in businesses that offer applications for using spaces for parking in single slots can be blamed for the increase in off-street parking. To address parking issues, several smart city and road development initiatives call for effective parking space utilization using sensor-based vehicle detection technology. The rise in the number of industries that need parking and smart detection facilities will also support the segment's growth during the forecast period.

Competitive Landscape:

Major companies in Japan smart parking systems market include Aisin Seiki, Altiux Innovations, Amano Corporation, Amano McGann Inc, BMW Group, Continental AG, Daimler AG, Eito & Global Inc., Giken Limited, IHI Parking System, Nissei Build Kogyo, Siemens AG, Valeo S.A, and Volkswagen AG. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Japan smart parking systems market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Japan Smart Parking Systems Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Japan Smart Parking Systems Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23058

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Executive Summary

3. Japan Smart Parking Market Insights

  • 3.1. Industry Value Chain Analysis
  • 3.2. DROC Analysis
    • 3.2.1. Growth Drivers
      • Rising Urbanization and Space Concern
      • Dependency on IOT Demands Smart Parking Solutions
    • 3.2.2. Restraints
      • High Implementation Cost
    • 3.2.3. Opportunities
      • Technological Advancement
      • Construction of Smart Cities
    • 3.2.4. Challenges
      • Availability of Support Infrastructure is Low
      • Lack of Skilled Personnel
  • 3.3. Technology Advancements / Recent Developments
  • 3.4. Regulatory Framework
  • 3.5. Porter's Five Forces Analysis
    • 3.5.1. Bargaining Power of Suppliers
    • 3.5.2. Bargaining Power of Buyers
    • 3.5.3. Threat of New Entrants
    • 3.5.4. Threat of Substitutes
    • 3.5.5. Intensity of Rivalry

4. Japan Smart Parking Market Overview

  • 4.1. Market Size & Forecast, 2019-2029
    • 4.1.1. By Value (USD Million)
  • 4.2. Market Share & Forecast
    • 4.2.1. By Type
      • Off-Street
      • On-Street
    • 4.2.2. By Technology
      • Internet of Things (IoT)
      • Ultrasonic
      • RFID
    • 4.2.3. By Solution
      • Security and Surveillance
      • Smart Payment Systems
      • Parking
      • License Plate Recognition
    • 4.2.4. By End User
      • Commercial
      • Government
      • Transport Transit

5. Competitive Landscape

  • 5.1. List of Key Players and Their Offerings
  • 5.2. Japan Smart Parking Company Market Share Analysis, 2022
  • 5.3. Competitive Benchmarking, By Operating Parameters
  • 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

6. Impact of Covid-19 on Japan Smart Parking Market

7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

  • 7.1. Aisin Seiki
  • 7.2. Altiux Innovations
  • 7.3. Amano Corporation
  • 7.4. Amano McGann Inc
  • 7.5. BMW Group
  • 7.6. Continental AG
  • 7.7. Daimler AG
  • 7.8. Eito & Global Inc.
  • 7.9. Giken Limited
  • 7.10. IHI Parking System
  • 7.11. Nissei Build Kogyo
  • 7.12. Siemens AG
  • 7.13. Valeo S.A
  • 7.14. Volkswagen AG
  • 7.15. Other Prominent Players

8. Key Strategic Recommendations

9. Research Methodology

  • 9.1. Qualitative Research
    • 9.1.1. Primary & Secondary Research
  • 9.2. Quantitative Research
  • 9.3. Market Breakdown & Data Triangulation
    • 9.3.1. Secondary Research
    • 9.3.2. Primary Research
  • 9.4. Breakdown of Primary Research Respondents, By Region
  • 9.5. Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

Product Code: BWC23058

List of Figures

  • Figure 1 Japan Smart Parking Segmentation
  • Figure 2 Japan Smart Parking Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2022
  • Figure 4 Japan Smart Parking Market Size, By Value (USD Million), 2019-2029
  • Figure 5 Japan Smart Parking Market Share, By Type, By Value, 2019-2029
  • Figure 6 Japan Smart Parking Market Share, By Technology, By Value, 2019-2029
  • Figure 7 Japan Smart Parking Market Share, By Solution, By Value, 2019-2029
  • Figure 7 Japan Smart Parking Market Share, By End User, By Value, 2019-2029

List Of Tables

  • Table 1 Japan Smart Parking Market Size, By Value (USD Million), 2019-2029
  • Table 2 Japan Smart Parking Market Share, By Type, By Value, 2019-2029
  • Table 3 Japan Smart Parking Market Share, By Technology, By Value, 2019-2029
  • Table 4 Japan Smart Parking Market Share, By End User, By Value, 2019-2029
  • Table 5 Aisin Seiki Company Overview
  • Table 6 Aisin Seiki Financial Overview
  • Table 7 Altiux Innovations Company Overview
  • Table 8 Altiux Innovations Financial Overview
  • Table 9 Amano Corporation Company Overview
  • Table 10 Amano Corporation Financial Overview
  • Table 11 Amano McGann Inc Company Overview
  • Table 12 Amano McGann Inc Financial Overview
  • Table 13 BMW Group Company Overview
  • Table 14 BMW Group Financial Overview
  • Table 15 Continental AG Company Overview
  • Table 16 Continental AG Financial Overview
  • Table 17 Daimler AG Company Overview
  • Table 18 Daimler AG Financial Overview
  • Table 19 Eito & Global Inc. Company Overview
  • Table 20 Eito & Global Inc. Financial Overview
  • Table 21 Giken Limited Company Overview
  • Table 22 Giken Limited Financial Overview
  • Table 23 IHI Parking System Company Overview
  • Table 24 IHI Parking System Financial Overview
  • Table 25 Nissei Build Kogyo Company Overview
  • Table 26 Nissei Build Kogyo Financial Overview
  • Table 27 Siemens AG Company Overview
  • Table 28 Siemens AG Financial Overview
  • Table 29 Valeo S.A Company Overview
  • Table 30 Valeo S.A Financial Overview
  • Table 31 Volkswagen AG Company Overview
  • Table 32 Volkswagen AG Financial Overview
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