Smart Parking Systems - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Smart Parking Systems Market is accounted for $3.38 billion in 2018 and is expected to reach $16.03 billion by 2027 growing at a CAGR of 18.9% during the forecast period. Growing parking concerns and growth of smart cities are the major factors propelling the market growth. However, huge investment requirement are hampering the market growth.
A smart parking system assist a driver to locate an empty spot, and the system gathers real-time data through sensors installed in every parking space, which allows finding of presence or absence of a vehicle. The system then direct drivers to accessible locations. Implementation of smart parking systems helps in the methodical allocation and utmost utilization of parking space. Other advantages comprise time and fuel saving, compact pollution, along with hassle-free, time-efficient, and convenient automation of parking facilities.
Based on the type, off-street segment is going to have a lucrative growth during the forecast period due to it allow parking for both longer and shorter durations. Furthermore, governments in some countries are investing in the expansion of smart cities, which, in turn, is following the adoption of these systems for organized parking in the urban landscape. By geography, North America is likely to have a huge demand due to most sophisticated region in terms of technology implementation and infrastructure growth. To grow additional, as civic authorities maintain to deploy these systems to reduce traffic congestion, this has considerably greater than before with the increase in the number of vehicles on roads.
Some of the key players profiled in the Smart Parking Systems Market are 3M, Amano Corporation, Cisco Systems, Inc, Conduent Incorporated, Cubic Corporation, Fujica, Imtech, Imtech , Kapsch TrafficCom AG, Nortech Control Systems Limited , ParkJockey, Siemens, Swarco AG, Thales and Xerox Corporation.
Components Covered:
• Hardware
• Software
• Service
Types Covered:
• On-Street
• Off-Street
Sensor Technologies Covered:
• Image Sensor
• Radar Sensor
• Ultrasonic Sensor
Applications Covered:
• Government & Municipalities
• Transport Transit & Aviation
• Personal
• Residential
• On-Road Parking
• E-parking
• License Plate Recognition
• Parking Reservation Management
• Security and Surveillance
• Smart Payment Systems
• Valet Parking Management
• Off-Road Parking
• Commercial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Parking Systems Market, By Component
5.1 Introduction
5.2 Hardware
5.2.1 Cameras & LPRs
5.2.2 Parking Gates
5.2.3 Pucks
5.2.4 Signage
5.2.5 Smart Meters
5.3 Software
5.3.1 Analytics Solutions
5.3.2 Automatic Guided Vehicle Systems
5.3.3 Crane Systems
5.3.4 Parking Guidance System
5.3.5 Puzzle Systems
5.3.6 Rail Guided Cart Systems
5.3.7 Shuttle Systems
5.3.8 Silo Systems
5.3.9 Tower Systems
5.4 Service
5.4.1 Automatic Payment/Ticketing
5.4.2 Consulting Services
5.4.3 Data Management
5.4.4 Engineering Services
5.4.5 Mobile App Parking Services
5.4.6 Parking Enforcements
5.4.7 Prescriptive services
5.4.8 Visual Analytics
6 Global Smart Parking Systems Market, By Type
6.1 Introduction
6.2 On-Street
6.3 Off-Street
6.3.1 Lot Parking
6.3.2 Garage Parking
7 Global Smart Parking Systems Market, By Sensor Technology
7.1 Introduction
7.2 Image Sensor
7.3 Radar Sensor
7.4 Ultrasonic Sensor
8 Global Smart Parking Systems Market, By Application
8.1 Introduction
8.2 Government & Municipalities
8.3 Transport Transit & Aviation
8.4 Personal
8.5 Residential
8.6 On-Road Parking
8.7 E-parking
8.8 License Plate Recognition
8.9 Parking Reservation Management
8.10 Security and Surveillance
8.11 Smart Payment Systems
8.12 Valet Parking Management
8.13 Off-Road Parking
8.14 Commercial
8.14.1 Offices
8.14.2 Shopping Complex
8.14.3 Transport & Aviation
8.14.4 Corporate Institutions
9 Global Smart Parking Systems Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 3M
11.2 Amano Corporation
11.3 Cisco Systems, Inc.
11.4 Conduent Incorporated
11.5 Cubic Corporation
11.6 Fujica
11.7 Imtech
11.8 Imtech
11.9 Kapsch TrafficCom AG
11.10 Nortech Control Systems Limited
11.11 ParkJockey
11.12 Siemens
11.13 Swarco AG
11.14 Thales
11.15 Xerox Corporation
List of Tables
1 Global Smart Parking Systems Market Outlook, By Region (2017-2027) ($MN)
2 Global Smart Parking Systems Market Outlook, By Component (2017-2027) ($MN)
3 Global Smart Parking Systems Market Outlook, By Hardware (2017-2027) ($MN)
4 Global Smart Parking Systems Market Outlook, By Cameras & LPRs (2017-2027) ($MN)
5 Global Smart Parking Systems Market Outlook, By Parking Gates (2017-2027) ($MN)
6 Global Smart Parking Systems Market Outlook, By Pucks (2017-2027) ($MN)
7 Global Smart Parking Systems Market Outlook, By Signage (2017-2027) ($MN)
8 Global Smart Parking Systems Market Outlook, By Smart Meters (2017-2027) ($MN)
9 Global Smart Parking Systems Market Outlook, By Software (2017-2027) ($MN)
10 Global Smart Parking Systems Market Outlook, By Analytics Solutions (2017-2027) ($MN)
11 Global Smart Parking Systems Market Outlook, By Automatic Guided Vehicle Systems (2017-2027) ($MN)
12 Global Smart Parking Systems Market Outlook, By Crane Systems (2017-2027) ($MN)
13 Global Smart Parking Systems Market Outlook, By Parking Guidance System (2017-2027) ($MN)
14 Global Smart Parking Systems Market Outlook, By Puzzle Systems (2017-2027) ($MN)
15 Global Smart Parking Systems Market Outlook, By Rail Guided Cart Systems (2017-2027) ($MN)
16 Global Smart Parking Systems Market Outlook, By Shuttle Systems (2017-2027) ($MN)
17 Global Smart Parking Systems Market Outlook, By Silo Systems (2017-2027) ($MN)
18 Global Smart Parking Systems Market Outlook, By Tower Systems (2017-2027) ($MN)
19 Global Smart Parking Systems Market Outlook, By Service (2017-2027) ($MN)
20 Global Smart Parking Systems Market Outlook, By Automatic Payment/Ticketing (2017-2027) ($MN)
21 Global Smart Parking Systems Market Outlook, By Consulting Services (2017-2027) ($MN)
22 Global Smart Parking Systems Market Outlook, By Data Management (2017-2027) ($MN)
23 Global Smart Parking Systems Market Outlook, By Engineering Services (2017-2027) ($MN)
24 Global Smart Parking Systems Market Outlook, By Mobile App Parking Services (2017-2027) ($MN)
25 Global Smart Parking Systems Market Outlook, By Parking Enforcements (2017-2027) ($MN)
26 Global Smart Parking Systems Market Outlook, By Prescriptive services (2017-2027) ($MN)
27 Global Smart Parking Systems Market Outlook, By Visual Analytics (2017-2027) ($MN)
28 Global Smart Parking Systems Market Outlook, By Type (2017-2027) ($MN)
29 Global Smart Parking Systems Market Outlook, By On-Street (2017-2027) ($MN)
30 Global Smart Parking Systems Market Outlook, By Off-Street (2017-2027) ($MN)
31 Global Smart Parking Systems Market Outlook, By Lot Parking (2017-2027) ($MN)
32 Global Smart Parking Systems Market Outlook, By Garage Parking (2017-2027) ($MN)
33 Global Smart Parking Systems Market Outlook, By Sensor Technology (2017-2027) ($MN)
34 Global Smart Parking Systems Market Outlook, By Image Sensor (2017-2027) ($MN)
35 Global Smart Parking Systems Market Outlook, By Radar Sensor (2017-2027) ($MN)
36 Global Smart Parking Systems Market Outlook, By Ultrasonic Sensor (2017-2027) ($MN)
37 Global Smart Parking Systems Market Outlook, By Application (2017-2027) ($MN)
38 Global Smart Parking Systems Market Outlook, By Government & Municipalities (2017-2027) ($MN)
39 Global Smart Parking Systems Market Outlook, By Transport Transit & Aviation (2017-2027) ($MN)
40 Global Smart Parking Systems Market Outlook, By Personal (2017-2027) ($MN)
41 Global Smart Parking Systems Market Outlook, By Residential (2017-2027) ($MN)
42 Global Smart Parking Systems Market Outlook, By On-Road Parking (2017-2027) ($MN)
43 Global Smart Parking Systems Market Outlook, By E-parking (2017-2027) ($MN)
44 Global Smart Parking Systems Market Outlook, By License Plate Recognition (2017-2027) ($MN)
45 Global Smart Parking Systems Market Outlook, By Parking Reservation Management (2017-2027) ($MN)
46 Global Smart Parking Systems Market Outlook, By Security and Surveillance (2017-2027) ($MN)
47 Global Smart Parking Systems Market Outlook, By Smart Payment Systems (2017-2027) ($MN)
48 Global Smart Parking Systems Market Outlook, By Valet Parking Management (2017-2027) ($MN)
49 Global Smart Parking Systems Market Outlook, By Off-Road Parking (2017-2027) ($MN)
50 Global Smart Parking Systems Market Outlook, By Commercial (2017-2027) ($MN)
51 Global Smart Parking Systems Market Outlook, By Offices (2017-2027) ($MN)
52 Global Smart Parking Systems Market Outlook, By Shopping Complex (2017-2027) ($MN)
53 Global Smart Parking Systems Market Outlook, By Transport & Aviation (2017-2027) ($MN)
54 Global Smart Parking Systems Market Outlook, By Corporate Institutions (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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