Global smart parking market will reach $22,289.8 mn by 2030, growing by 17.3% annually over 2021-2030, driven by the limited pace for smooth flow of traffic due to increasing traffic congestion, rising need for efficient land utilization and proper parking management, and technological advancements in digital and IoT based technology. 

Highlighted with 87 tables and 102 figures, this 184-page report “Global Smart Parking Market 2021-2030 by Component (Hardware, Software, Service), System (Guided, Smart), Parking Type (Off-street, On-street), Solution, Technology (Ultrasonic, Image, Radar, RFID, IoT), Vehicle Type, End User (Commercial, Government, Residential), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global smart parking market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2030 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure 

• Growth Drivers 

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global smart parking market in every aspect of the classification from perspectives of Component, System, Parking Type, Solution, Technology, Vehicle Type, End User, and Region. 

Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2030 included in each section. 

• Hardware 

o Pucks/Wireless Sensors

o Cameras and LPRs

o Smart Meters

o Signages

o Parking Gates

o Other Hardware

• Software

o Parking Guidance System

o Analytics Solutions

• Service

o   Consulting Service

o   Engineering Service

o   Mobile App Parking Service

Based on System, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2030 included in each section. 

• Guided Parking Assist System

• Smart Parking Assist System

By Parking Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2030 included in each section. 

• Off-street Parking

• On-street Parking

By Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2030 included in each section. 

• Ultrasonic Sensors

• Image Sensors

• Radar Sensors

• Radio Frequency Identification (RFID)

• Internet of Things (IoT)

• Other Technologies

By Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2030 included in each section. 

• Passenger Cars

• Light Commercial Vehicles

• Heavy Commercial Vehicles

By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2030 included in each section. 

• Commercial Sector

• Government & Public Sector

• Residential Sector

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)

• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

• South America (Brazil, Chile, Argentina, Rest of South America)

• MEA (UAE, Saudi Arabia, South Africa, Other Nations)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2030. The breakdown of all regional markets by country and split of key national markets by Parking Type, Solution, and Technology over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players: 

Amano McGann, Inc.

BMW AG (ParkNow GmbH, Parkmobile LLC)

CivicSmart, Inc.

Continental AG

Dongyang Menics Co., Ltd.

IEM SA

IPS Group Inc.

Klaus Multiparking Systems

ParkMe Inc.

Robert Bosch GmbH

Siemens AG

Smart Parking Limited

Swarco AG

TKH Group-Park Assist.

Urbiotica, S.L. 

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)