Smart Parking Market by Technology, Component, Vertical, Application, Ownership

Description

List of Tables

The Global Smart Parking Market is forecasted to grow significantly, with a projected USD 10,793.15 million in 2023 at a CAGR of 14.73% and expected to reach a staggering USD 28,259.30 million by 2030.

The the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Smart Parking Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Smart Parking Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Technology, market is studied across Counter Technology, Ground-sensor Technology, and Overhead Sensor/Camera-Based Technology. The Overhead Sensor/Camera-Based Technology commanded largest market share of 44.54% in 2022, followed by Ground-sensor Technology.

Based on Component, market is studied across Hardware, Services, and Software. The Hardware is further studied across Cameras & License Plate Recognition, Parking Gates, Sensors, Signage Systems, and Smart Meters. The Services is further studied across Consultancy Services, Engineering Services, and R&D. The Software is further studied across Parking Guidance System, Parking Management Software, and Parking Reservation Management. The Hardware commanded largest market share of 57.65% in 2022, followed by Software.

Based on Vertical, market is studied across Commercial and Residential. The Commercial commanded largest market share of 87.88% in 2022, followed by Residential.

Based on Application, market is studied across Off-Street and On-Street. The Off-Street commanded largest market share of 57.88% in 2022, followed by On-Street.

Based on Ownership, market is studied across Private and Public. The Private commanded largest market share of 74.88% in 2022, followed by Public.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.92% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Smart Parking Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Smart Parking Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Smart Parking Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Smart Parking Market?

4. What is the competitive strategic window for opportunities in the Global Smart Parking Market?

5. What are the technology trends and regulatory frameworks in the Global Smart Parking Market?

6. What is the market share of the leading vendors in the Global Smart Parking Market?

7. What modes and strategic moves are considered suitable for entering the Global Smart Parking Market?

Product Code: MRR-43539E5D34A1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Smart Parking Market, by Technology, 2022 vs 2030
4.3. Smart Parking Market, by Component, 2022 vs 2030
4.4. Smart Parking Market, by Vertical, 2022 vs 2030
4.5. Smart Parking Market, by Application, 2022 vs 2030
4.6. Smart Parking Market, by Ownership, 2022 vs 2030
4.7. Smart Parking Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing number of vehicles and need for commercial and public parking spaces
  - 5.1.1.2. Rising investments and initiatives toward smart city development
- 5.1.2. Restraints
  - 5.1.2.1. High implementation cost of smart parking systems
- 5.1.3. Opportunities
  - 5.1.3.1. Growing penetration of IoT-based solutions for fully automated parking systems
  - 5.1.3.2. Significant emergence of robotic parking systems and driverless parking technology
- 5.1.4. Challenges
  - 5.1.4.1. Unavailability of supporting infrastructure and technical challenges associated with smart parking systems
5.2. Market Trends
- 5.2.1. Ongoing collaborations and introduction of innovative smart parking solutions in the Americas
- 5.2.2. Emerging startups and smart city projects in the APAC region
- 5.2.3. Supportive government initiatives increase the market potential in the EMEA region.
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization
- 5.9.1. Regulatory Framework
- 5.9.2. Parking Reservation Management
- 5.9.3. Valet Parking Management
- 5.9.4. License Plate Recognition

6. Smart Parking Market, by Technology

6.1. Introduction
6.2. Counter Technology
6.3. Ground-sensor Technology
6.4. Overhead Sensor/Camera-Based Technology

7. Smart Parking Market, by Component

7.1. Introduction
7.2. Hardware
- 7.2.1. Cameras & License Plate Recognition
- 7.2.2. Parking Gates
- 7.2.3. Sensors
- 7.2.4. Signage Systems
- 7.2.5. Smart Meters
7.3. Services
- 7.3.1. Consultancy Services
- 7.3.2. Engineering Services
- 7.3.3. R&D
7.4. Software
- 7.4.1. Parking Guidance System
- 7.4.2. Parking Management Software
- 7.4.3. Parking Reservation Management

8. Smart Parking Market, by Vertical

8.1. Introduction
8.2. Commercial
8.3. Residential

9. Smart Parking Market, by Application

9.1. Introduction
9.2. Off-Street
9.3. On-Street

10. Smart Parking Market, by Ownership

10.1. Introduction
10.2. Private
10.3. Public

11. Americas Smart Parking Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Smart Parking Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Smart Parking Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
  - 14.3.1.1. Flowbird Group Acquire's UK's Leading Parking Technology Provider YourParkingSpace
- 14.3.2. Agreement, Collaboration, & Partnership
  - 14.3.2.1. Synguard and Nedap Identification Systems Expand Partnership to Deliver Integrated Vehicle Access Control Solution for the Security Market
  - 14.3.2.2. KT, Amano Korea Join Hands to Develop Smart Parking Solutions
  - 14.3.2.3. Olimpia Parking Uses ABB Technology for Electric Vehicles Charging and Smart Buildings
  - 14.3.2.4. Libelium and SECO Join Forces in the Sensor Space
- 14.3.3. New Product Launch & Enhancement
  - 14.3.3.1. ParkMobile to Partner with the Town of Secaucus to Offer Digital Parking Payment Solution
  - 14.3.3.2. Neuron Mobility has Unveiled its Augmented Reality (AR) Parking Assistant to Help Ensure e-Scooters are Parked Responsibly
  - 14.3.3.3. Qualcomm Builds Global Momentum in Advanced Driver Assistance and Autonomous Driving Segment with Snapdragon Ride Platform Portfolio
- 14.3.4. Investment & Funding
  - 14.3.4.1. Macquarie to invest in Austrian car park company Best in Parking
  - 14.3.4.2. Park+ Bags INR 140 Cr To Expand Parking Solutions To 100+ Cities
  - 14.3.4.3. Smart parking start-up ParkMate raises undisclosed funding from We Founder Circle

15. List of Company Mentioned

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing

1. ABB Ltd.

2. Aisin Corporation

3. Amano Corporation

4. Barcelona Smart Technologies, S.L.

5. Cisco Systems, Inc.

6. CivicSmart, Inc.

7. Cleverciti Systems GmbH

8. Conduent Incorporated

9. Continental AG

10. Cubic Corporation

11. Delphi Technologies by BorgWarner Inc.

12. Digiteum LLC

13. EnR Consultancy Services

14. FlashParking, Inc.

15. Flowbird Group

16. Happiest Minds Technologies Limited

17. hIOTron

18. Honeywell International Inc.

19. Huawei Technologies Co. Ltd.

20. IEM SA

21. INRIX, Inc.

22. Intercomp S.p.A.

23. International Business Machines Corporation

24. IPS Group, Inc.

25. JustPark Parking Limited

26. Klaus Multiparking GmbH

27. Larsen & Toubro Limited

28. LeddarTech Inc.

29. Libelium Comunicaciones Distribuidas S.L.

30. Nedap N.V.

31. Oracle Corporation

32. Parkeagle B.V.

33. Parklio

34. ParkMobile, LLC by EasyPark AB

35. Qualcomm Technologies, Inc.

36. Robert Bosch GmbH

37. Robotic Parking Systems, Inc.

38. Siemens AG

39. SKIDATA AG

40. Smart Parking Limited

41. SmartParkZone, SL

42. Stanley Robotics SAS

43. Streetline

44. SWARCO AG

45. T2 Systems, Inc.

46. Thales Group

47. TKH Group N.V.

48. Total Parking Solutions Ltd.

49. UKCPS Ltd

50. Wohr Parking Systems Pvt. Ltd.

51. Zhejiang Dahua Technology Co., Ltd.

52. ZKTeco Co., Ltd