Smart Parking Systems Market Size and Share Analysis by Parking Site (Off-Street, On-Street), Component (Hardware, Software, Services), End User (Commercial, Government)

Description

The smart parking systems market is estimated to reach USD 7,956.2 million in 2023, and it is expected to touch USD 32,278.3 million, growing at a 22.3% compound annual growth rate, by 2030.

The progression of this industry is because of the increasing requirement for parking lots due to the rising occurrence of traffic jams, government backing for smart parking systems, and developments in smart parking.

Moreover, with the mounting population all over the world, vehicle ownership is increasing in urban places, which is also boosting the demand for parking systems.

The off-street category, on the basis of parking sites, is the largest contributor to the industry. This is primarily because of the increasing count of companies that need sufficient parking and sophisticated detecting facilities. Moreover, single-slot parking is more convenient and favored by everybody.

The on-street category, on the other hand, will propel at a significant rate, during this decade. This is because this parking system is employed when the distance between parking spots and universities, companies, or shopping malls, is short. In addition, it lessens the duration of parking and reaching the destination.

The component category is split into software, service, and hardware. The hardware category is divided into parking gates, LPRs, cameras, smart meters, and others. Among these, the LPRs and cameras segment is likely to witness the highest demand in the years to come.

The commercial category, based on end users, is leading the smart parking systems market. This is mainly due to the rising commercial usage. The multi-story smart parking system has provided some ease in finding a vacant parking space.

Moreover, the increasing utilization and advancement of the digital payment approach have led to more contactless and fast accessibility of parking charges. This will further boost the progression of this category.

North America led the industry, and it will account for a share of 50%, in 2023. This will be because of the increasing count of vehicles on the road, growing worries about parking spaces, the rising count of smart city projects, and the mounting requirement to lessen traffic congestion.

The APAC smart parking systems industry is advancing at the fastest rate, and it is likely to grow at a rate of 23% throughout this decade. This will be because of the increasing requirement for advanced technologies to lessen the effect on the environment and the rising count of startups in this field in this region.

With the constant advancement in technology, coupled with the increasing demand for connected and electric automobiles, the smart parking systems industry will continue to advance significantly in the years to come.

Product Code: 11074

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by parking site
- 1.4.2. Market size breakdown, by component
- 1.4.3. Market size breakdown, by end user
- 1.4.4. Market size breakdown, by region
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Parking Site (2017-2030)
6.3. Market Revenue, by Component (2017-2030)
6.4. Market Revenue, by End User (2017-2030)
6.5. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Parking Site (2017-2030)
7.3. Market Revenue, by Component (2017-2030)
7.4. Market Revenue, by End User (2017-2030)
7.5. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Parking Site (2017-2030)
8.3. Market Revenue, by Component (2017-2030)
8.4. Market Revenue, by End User (2017-2030)
8.5. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Parking Site (2017-2030)
9.3. Market Revenue, by Component (2017-2030)
9.4. Market Revenue, by End User (2017-2030)
9.5. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Parking Site (2017-2030)
10.3. Market Revenue, by Component (2017-2030)
10.4. Market Revenue, by End User (2017-2030)
10.5. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Parking Site (2017-2030)
11.3. Market Revenue, by Component (2017-2030)
11.4. Market Revenue, by End User (2017-2030)
11.5. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Parking Site (2017-2030)
12.3. Market Revenue, by Component (2017-2030)
12.4. Market Revenue, by End User (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Parking Site (2017-2030)
13.3. Market Revenue, by Component (2017-2030)
13.4. Market Revenue, by End User (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Parking Site (2017-2030)
14.3. Market Revenue, by Component (2017-2030)
14.4. Market Revenue, by End User (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Parking Site (2017-2030)
15.3. Market Revenue, by Component (2017-2030)
15.4. Market Revenue, by End User (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Parking Site (2017-2030)
16.3. Market Revenue, by Component (2017-2030)
16.4. Market Revenue, by End User (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Parking Site (2017-2030)
17.3. Market Revenue, by Component (2017-2030)
17.4. Market Revenue, by End User (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Parking Site (2017-2030)
18.3. Market Revenue, by Component (2017-2030)
18.4. Market Revenue, by End User (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Parking Site (2017-2030)
19.3. Market Revenue, by Component (2017-2030)
19.4. Market Revenue, by End User (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Parking Site (2017-2030)
20.3. Market Revenue, by Component (2017-2030)
20.4. Market Revenue, by End User (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Parking Site (2017-2030)
21.3. Market Revenue, by Component (2017-2030)
21.4. Market Revenue, by End User (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Parking Site (2017-2030)
22.3. Market Revenue, by Component (2017-2030)
22.4. Market Revenue, by End User (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Parking Site (2017-2030)
23.3. Market Revenue, by Component (2017-2030)
23.4. Market Revenue, by End User (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Parking Site (2017-2030)
24.3. Market Revenue, by Component (2017-2030)
24.4. Market Revenue, by End User (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Parking Site (2017-2030)
25.3. Market Revenue, by Component (2017-2030)
25.4. Market Revenue, by End User (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Parking Site (2017-2030)
26.3. Market Revenue, by Component (2017-2030)
26.4. Market Revenue, by End User (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Parking Site (2017-2030)
27.3. Market Revenue, by Component (2017-2030)
27.4. Market Revenue, by End User (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Parking Site (2017-2030)
28.3. Market Revenue, by Component (2017-2030)
28.4. Market Revenue, by End User (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Amano Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Robert Bosch GmbH
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Barcelona Smart Technologies, S.L. (URBIOTICA)
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Smart Parking Limited
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Kapsch TrafficCom AG
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. IPS Group, Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
30.7. ParkMobile LLC
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
30.8. Worldsensing S.L.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
30.9. Siemens AG
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Valeo SE
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Continental AG
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Xerox Holdings Corporation
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
30.13. Cisco Systems Inc.
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
30.14. Nedap N.V.
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.14.3. Key financial summary
30.15. Tata Elxsi Limited
- 30.15.1. Business overview
- 30.15.2. Product and service offerings
- 30.15.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Smart Parking Systems Market Size and Share Analysis by Parking Site (Off-Street, On-Street), Component (Hardware, Software, Services), End User (Commercial, Government) - Global Industry Demand Forecast to 2030