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Market Research Report
Product code
908660

Smart Parking

Published: | Global Industry Analysts, Inc. | 140 Pages | Delivery time: 1-2 business days

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Smart Parking
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 140 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

Abstract:

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.

Select Competitors (Total 42 Featured) -

  • 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
Table of Contents
Product Code: MCP13867

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

  • 1. MARKET OVERVIEW
    • Influencer Market Insights
    • World Market Trajectories
    • 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
    • EXHIBIT 1: Global Smart Parking Systems Market: Percentage Breakdown of Revenues by End-Use for 2019
    • EXHIBIT 2: Global Smart Parking Market: Percentage Breakdown of Revenues by Parking Site for 2019 and 2025
    • 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
    • EXHIBIT 3: Countries with Highest Vehicle Density Per Capita (in Number of Vehicles Per 1,000 Inhabitant)
    • An Insight into the Economic Cost of Parking
    • EXHIBIT 4: Average Time Spent in Searching for Parking Space in US, UK and German Cities
    • EXHIBIT 5: 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)
    • EXHIBIT 6: 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)
    • EXHIBIT 7: 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)
    • EXHIBIT 8: 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
    • EXHIBIT 9: 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
    • Technologies Used in Smart Parking
  • 4. GLOBAL MARKET PERSPECTIVE
    • Decongestion of Cities: A Key Advantage of IoT-Enabled Smart Parking Systems
    • TABLE 1: World Current & Future Analysis for Smart Parking by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
    • TABLE 2: World 7-Year Perspective for Smart Parking by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
    • TABLE 3: World Current & Future Analysis for Guided Park Assist by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
    • TABLE 4: World 7-Year Perspective for Guided Park Assist by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
    • TABLE 5: World Current & Future Analysis for Smart Park by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
    • TABLE 6: World 7-Year Perspective for Smart Park by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
    • TABLE 7: World Current & Future Analysis for Security & Surveillance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
    • TABLE 8: World 7-Year Perspective for Security & Surveillance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
    • TABLE 9: World Current & Future Analysis for Valet & Parking Reservation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
    • TABLE 10: World 7-Year Perspective for Valet & Parking Reservation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
    • TABLE 11: World Current & Future Analysis for License Plate Recognition by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
    • TABLE 12: World 7-Year Perspective for License Plate Recognition by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027

III. MARKET ANALYSIS

  • UNITED STATES
    • With the US Parking Market Challenged by Significant Inefficiencies, Smart Parking Technology Promises Change
    • EXHIBIT 10: Smart Parking Systems Market in the US: Percentage Breakdown of Revenue by Parking Site for 2019 and 2025
    • EXHIBIT 11: Smart Parking Systems Market in North America: Percentage Breakdown of Revenues by Component for 2019 and 2025
    • TABLE 13: USA Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 14: USA 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 15: USA Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 16: USA 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
  • CANADA
    • TABLE 17: Canada Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 18: Canada 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 19: Canada Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 20: Canada 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
  • JAPAN
    • TABLE 21: Japan Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 22: Japan 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 23: Japan Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 24: Japan 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
  • CHINA
    • Need to Tackle China's Parking Crisis Spurs Robust Growth in the Smart Parking Market
    • Diagonal Smart Parking Garage Debuts in China
    • TABLE 25: China Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 26: China 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 27: China Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 28: China 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
  • EUROPE
    • Smart Parking Market in Europe: An Overview
    • TABLE 29: Europe Current & Future Analysis for Smart Parking by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
    • TABLE 30: Europe 7-Year Perspective for Smart Parking by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
    • TABLE 31: Europe Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 32: Europe 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 33: Europe Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 34: Europe 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
  • FRANCE
    • TABLE 35: France Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 36: France 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 37: France Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 38: France 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
  • GERMANY
    • TABLE 39: Germany Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 40: Germany 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 41: Germany Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 42: Germany 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
  • ITALY
    • TABLE 43: Italy Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 44: Italy 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 45: Italy Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 46: Italy 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
  • UNITED KINGDOM
    • TABLE 47: UK Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 48: UK 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 49: UK Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 50: UK 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
  • REST OF EUROPE
    • TABLE 51: Rest of Europe Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 52: Rest of Europe 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 53: Rest of Europe Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 54: Rest of Europe 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 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
    • TABLE 55: Asia-Pacific Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 56: Asia-Pacific 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 57: Asia-Pacific Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 58: Asia-Pacific 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
  • REST OF WORLD
    • Dubai Makes Active Efforts to Shift towards Smart Parking
    • TABLE 59: Rest of World Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 60: Rest of World 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
    • TABLE 61: Rest of World Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
    • TABLE 62: Rest of World 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027

IV. COMPETITION

  • Total Companies Profiled: 42