Smart Parking Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Solutions (Hardware, Software, Services), By Technology (Overhead Indicator Sensors, In-Ground Sensors, Surface-Mount Sensors), And By Geography - Forecasts From 2019 To 2024
Published:  Apr 2021 Report Code: KSI061612053 Pages: 118

The smart parking market is projected to grow at a CAGR of 11.51% during the forecast period, reaching a total market size of US$12.929 billion in 2024 from US$6.724 billion in 2018. Smart Parking is a parking strategy that is a combination of technology and human innovation so as to utilize fewer resources like fuel, time, and space for the achievement of faster, easier and denser vehicle parking. Smart parking along with intelligent transportation which is called its sister approach is essential for the movement of people and goods. These technologies are overlapping ones that steadily merge into one integrated stream. Growing urbanization and rising population are the major factors driving the growth of the global smart parking market in the forecast period. Furthermore, the growing IT industry is propelling the market growth where a driver with the help of sensors and software guides can easily route himself or herself to the parking space via GPS technology. Also, the booking of the space and online space billing is possible with the help of a smart parking system.

The “Smart Parking Market– Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by solutions, technology, and geography.

The Smart Parking market is segmented based on solution, technology, and geography. By solutions, the market has been segmented into hardware, software, and services. By technology, the market has been segmented into overhead indicator sensors, in-ground sensors, and surface-mount sensors.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Major players in the Smart Parking market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Smart Parking market.

Smart Parking Market Scope:

Report Metric Details
 Market size value in 2018  US$6.724 billion
 Market size value in 2024  US$12.929 billion 
 Growth Rate  CAGR of 11.51% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Solutions, Technology, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  VALEO, Streetline, Altiux, AMCO, Siemens, Smart Parking Ltd, Robert Bosch GmbH,   CivicSmart, Inc., ParkHelp, Swarco
 Customization scope  Free report customization with purchase

Segmentation

The Smart Parking market has been analyzed through the following segments:

By Solutions

  • Hardware

  • Software

  • Services

By Technology

  • Overhead Indicator Sensors

  • In-Ground Sensors

  • Surface-Mount Sensors

By Geography

North America

  • USA

  • Canada

  • Mexico

South America

  • Brazil

  • Argentina

  • Others

Europe

  • Germany

  • France

  • United Kingdom

  • Spain

  • Others

Middle East and Africa

  • Israel

  • Saudi Arabia

  • Others

Asia Pacific

  • China

  • Japan

  • South Korea

  • India

  • Others


Frequently Asked Questions (FAQs)

Q1. What is the size of global smart parking market?
A2. Smart Parking market was valued at US$6.724 billion in 2018.
 
Q2. What are the growth prospects for smart parking market?
A2. The smart parking market is projected to grow at a CAGR of 11.51% during the forecast period.
 
Q3. What factors are anticipated to drive the smart parking market growth?
A3. Growing urbanization and rising population are the major factors driving the growth of the global smart parking market in the forecast period.
 
Q4. What will be the smart parking market size by 2024?
A4. The global smart parking market is projected to reach a market size of US$12.929 billion in 2024.
 
Q5. How is the global smart parking market segmented?
A5. The smart parking market is segmented based on solutions, technology, and geography.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Currency

1.5. Assumptions

1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Porter’s Five Force Analysis

4.5.1 Bargaining Power of Suppliers

4.5.2 Bargaining Power of Buyers

4.5.3 Threat of New Entrants

4.5.4 Threat of Substitutes

4.5.5 Competitive Rivalry in the Industry

4.6. Life Cycle Analysis - Regional Snapshot

4.7. Market Attractiveness

5. SMART PARKING MARKET BY SOLUTIONS

5.1. Hardware

5.2. Software

5.3. Services

6. SMART PARKING MARKET BY TECHNOLOGY

6.1. Overhead Indicator Sensors

6.2. In-Ground Sensors

6.3. Surface-Mount Sensors

7. SMART PARKING MARKET BY GEOGRAPHY

7.1. North America

7.1.1. North America Smart Parking Market, By Solution, 2018 to 2024

7.1.2. North America Smart Parking Market, By Technology, 2018 to 2024

7.1.3. North America Smart Parking Market, By Country, 2018 to 2024

7.1.3.1. USA

7.1.3.2. Canada

7.1.3.3. Mexico

7.2. South America

7.2.1. South America Smart Parking Market, By Solution, 2018 to 2024

7.2.2. South America Smart Parking Market, By Technology, 2018 to 2024

7.2.3. South America Smart Parking Market, By Country, 2018 to 2024

7.2.3.1. Brazil

7.2.3.2. Argentina

7.2.3.3. Others

7.3. Europe

7.3.1. Europe Smart Parking Market, By Solution, 2018 to 2024

7.3.2. Europe Smart Parking Market, By Technology, 2018 to 2024

7.3.3. Europe Smart Parking Market, By Country, 2018 to 2024

7.3.3.1. Germany

7.3.3.2. France

7.3.3.3. United Kingdom

7.3.3.4. Spain

7.3.3.5. Others

7.4. Middle East and Africa

7.4.1. Middle East and Africa Smart Parking Market, By Solution, 2018 to 2024

7.4.2. Middle East and Africa Smart Parking Market, By Technology, 2018 to 2024

7.4.3. Middle East and Africa Smart Parking Market, By Country, 2018 to 2024

7.4.3.1. Israel

7.4.3.2. Saudi Arabia

7.4.3.3. Others

7.5. Asia Pacific

7.5.1. Asia Pacific Smart Parking Market, By Solution, 2018 to 2024

7.5.2. Asia Pacific Smart Parking Market, By Technology, 2018 to 2024

7.5.3. Asia Pacific Smart Parking Market, By Country, 2018 to 2024

7.5.3.1. China

7.5.3.2. Japan

7.5.3.3. South Korea

7.5.3.4. India

7.5.3.5. Others

8. COMPETITIVE INTELLIGENCE

8.1. Competitive Benchmarking and Analysis

8.2. Recent Investment and Deals

8.3. Strategies of Key Players

9. COMPANY PROFILES

9.1. VALEO

9.2. Streetline

9.3. Altiux

9.4. AMCO

9.5. Siemens

9.6. Smart Parking Ltd

9.7. Robert Bosch GmbH

9.8. CivicSmart, Inc.

9.9. ParkHelp

9.10. Swarco

LIST OF FIGURES

LIST OF TABLES

 

VALEO

Streetline

Altiux

AMCO

Siemens

Smart Parking Ltd

Robert Bosch GmbH

CivicSmart, Inc.

ParkHelp

Swarco

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