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.
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.
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.
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.
By Type On-Street Off-Street
By Technology IoT Ultrasonic RFID
By Application Security & Surveillance E-Parking Smart Payment System License Plate Recognition
By End User Government Commercial
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
7.3.4License 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
9Global 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 – 2030)
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
11Europe Smart Parking Market Analysis and Forecast (2017 – 2030)
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
12Asia Pacific Smart Parking Market Analysis and Forecast (2017 – 2030)
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
13Latin America Smart Parking Market Analysis and Forecast (2017 – 2030)
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
14Middle East Smart Parking Market Analysis and Forecast (2017 – 2030)
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
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16Company Profiles
16.1 3M 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
