Smart Parking System Market To Reach
$368.7 Million By 2024
The global smart parking system market size is expected to reach USD 368.7 million by 2024
according to a new study by Grand View Research, Inc. Favorable government initiatives and
increasing public sector funding will favor the growth and adoption of smart parking system for
the forecast period. The industry is anticipated to witness an upsurge in demand for smart
parking systems in transport transit and commercial applications segment, and it is subsequently
expected to impel the growth in the industry.
This technology effectively addresses traffic congestion issues and parking-related concerns.
Such systems help in reducing fuel usage and subsequently minimize vehicular emissions. The
industry is expected to gain momentum owing to inclusion of sophisticated features such as
voice guidance, handicapped parking, and auto-payment options enabled through smartphone
applications.
Increasing number of automotive and lack of efficient parking management system is affecting
the availability of parking spaces and is subsequently driving the demand for these technologies
across the globe. Such parking systems offer several opportunities for reuse of commercial and
municipal parking areas and garages. Hence, these systems help in making the cities greener,
cleaner, and technologically advanced.
However, lack of awareness of smart parking advantages, especially among under-developed
regions is anticipated to slowdown the industry growth opportunities. Lack of funding initiatives
is further expected to hamper the industry growth.
Several cities in the U.S. and Canada such as Los Angeles, San Francisco, and Toronto are
increasingly adopting smart parking systems to manage the ever increasing traffic congestion
problems. The growth is considerably high in the UK and Germany. Major automotive
manufacturing companies’ interest in this sector is further propelling the growth in demand.
Automobile manufacturers in Italy and Germany such as Fiat S.p.A and Audi AG are keenly
participating in development of smart parking system. Adoption of sustainable transportation
policies and adoption of innovative parking technologies is impelling growth in the European
region
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U.S. smart parking system market revenue by parking site, 2013 - 2024 (USD Million)
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Smart parking system - Industry snapshot and key buying criteria, 2013 - 2024
Chapter 3. Industry Outlook
3.1 Market segmentation
3.2 Market size and growth prospects
3.3 Smart parking system - Value chain analysis
3.3.1 Vendor landscape
3.4 Smart parking system market workflow analysis
3.5 Smart parking system market dynamics
3.5.1 Market driver analysis
3.5.1.1 Increasing traffic congestion
3.5.1.2 Advancement in technology
3.5.1.3 Increasing number of smart city projects
3.5.2 Market restraint analysis
3.5.2.1 System integration
3.6 Key opportunities prioritized
3.7 Industry analysis - Porter's
3.8 Smart parking system competitor analysis, 2015
3.9 Smart parking system market PESTEL analysis, 2015
Chapter 4. Smart Parking System Application Outlook
4.1 Transport transit
4.1.1. Global market estimates and forecasts, 2013 - 2024
4.2 Government
4.2.1 Global market estimates and forecasts, 2013 - 2024
4.3 Commercial
4.3.1 Global market estimates and forecasts, 2013 - 2024
Chapter 5. Smart Parking System Parking Site Outlook
5.1 On-street
5.1.1. Global market estimates and forecasts, 2013 - 2024
5.2 Off-street
5.2.1 Global market estimates and forecasts, 2013 - 2024
Chapter 6. Smart Parking System Component Outlook
6.1 Hardware
6.1.1. Global market estimates and forecasts, 2013 - 2024
6.2 Software
6.2.1. Global market estimates and forecasts, 2013 - 2024
6.3 Service
6.3.1. Global market estimates and forecasts, 2013 - 2024
Chapter 7. Smart parking system Regional Outlook
7.1 North America
7.1.1 Smart parking system market by application, 2013 - 2024
7.1.2 Smart parking system market by parking site, 2013 - 2024
7.1.3 Smart parking system market by component, 2013 - 2024
7.1.4 U.S.
7.1.4.1 Smart parking system market by application, 2013 - 2024
7.1.4.2 Smart parking system market by parking site, 2013 - 2024
7.1.4.3 Smart parking system market by component, 2013 - 2024
7.1.5 Canada
7.1.5.1 Smart parking system market by application, 2013 - 2024
7.1.5.2 Smart parking system market by parking site, 2013 - 2024
7.1.5.3 Smart parking system market by component, 2013 - 2024
7.1.6 Mexico
7.1.6.1 Smart parking system market by application, 2013 - 2024
7.1.6.2 Smart parking system market by parking site, 2013 - 2024
7.1.6.3 Smart parking system market by component, 2013 - 2024
7.2 Europe
7.2.1 Smart parking system market by application, 2013 - 2024
7.2.2 Smart parking system market by parking site, 2013 - 2024
7.2.3 Smart parking system market by component, 2013 - 2024
7.2.4 Germany
7.2.4.1 Smart parking system market by application, 2013 - 2024
7.2.4.2 Smart parking system market by parking site, 2013 - 2024
7.2.4.3 Smart parking system market by component, 2013 - 2024
7.2.5 UK
7.2.5.1 Smart parking system market by application, 2013 - 2024
7.2.5.2 Smart parking system market by parking site, 2013 - 2024
7.2.5.3 Smart parking system market by component, 2013 - 2024
7.3 Asia Pacific
7.3.1 Smart parking system market by application, 2013 - 2024
7.3.2 Smart parking system market by parking site, 2013 - 2024
7.3.3 Smart parking system market by component, 2013 - 2024
7.3.4 China
7.3.4.1 Smart parking system market by application, 2013 - 2024
7.3.4.2 Smart parking system market by parking site, 2013 - 2024
7.3.4.3 Smart parking system market by component, 2013 - 2024
7.3.5 India
7.3.5.1 Smart parking system market by application, 2013 - 2024
7.3.5.2 Smart parking system market by parking site, 2013 - 2024
7.3.5.3 Smart parking system market by component, 2013 - 2024
7.3.6 Japan
7.3.6.1 Smart parking system market by application, 2013 - 2024
7.3.6.2 Smart parking system market by parking site, 2013 - 2024
7.3.6.3 Smart parking system market by component, 2013 - 2024
7.4 South America
7.4.1 Smart parking system market by application, 2013 - 2024
7.4.2 Smart parking system market by parking site, 2013 - 2024
7.4.3 Smart parking system market by component, 2013 - 2024
7.4.4 Brazil
7.4.1.1 Smart parking system market by application, 2013 - 2024
7.4.2.1 Smart parking system market by parking site, 2013 - 2024
7.4.3.1 Smart parking system market by component, 2013 - 2024
7.5 MEA
7.5.1 Smart parking system market by application, 2013 - 2024
7.5.2 Smart parking system market by parking site, 2013 - 2024
7.5.3 Smart parking system market by component, 2013 - 2024
Chapter 8. Competitive Landscape
8.1. Altiux Innovations
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2. Amano McGann, Inc.
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3. Amco
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4. Bosch
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5. Cisco Systems, Inc.
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6. Deteq Solutions
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.6.4 Strategic Initiatives
8.7. Kapsch (Streetline)
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.7.4 Strategic Initiatives
8.8. Libelium
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives
8.9. Mindteck
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10. Nedap NV
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives
8.11. ParkHelp
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Product Benchmarking
8.11.4 Strategic Initiatives
8.12. ParkMe
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Product Benchmarking
8.12.4 Strategic Initiatives
8.13. Parkmobile, LLC
8.13.1 Company Overview
8.13.2 Financial Performance
8.13.3 Product Benchmarking
8.13.4 Strategic Initiatives
8.14. Siemens
8.14.1 Company Overview
8.14.2 Financial Performance
8.14.3 Product Benchmarking
8.14.4 Strategic Initiatives
8.15. SKIDATA Group
8.15.1 Company Overview
8.15.2 Financial Performance
8.15.3 Product Benchmarking
8.15.4 Strategic Initiatives
8.16. Smart Parking Limited
8.16.1 Company Overview
8.16.2 Financial Performance
8.16.3 Product Benchmarking
8.16.4 Strategic Initiatives
8.17. Swarco AG
8.17.1 Company Overview
8.17.2 Financial Performance
8.17.3 Product Benchmarking
8.17.4 Strategic Initiatives
8.18. Urbiotica
8.18.1 Company Overview
8.18.2 Financial Performance
8.18.3 Product Benchmarking
8.18.4 Strategic Initiatives
8.19. Worldsensing
8.19.1 Company Overview
8.19.2 Financial Performance
8.19.3 Product Benchmarking
8.19.4 Strategic Initiatives
8.20. Xerox Corp.
8.20.1 Company Overview
8.20.2 Financial Performance
8.20.3 Product Benchmarking
8.20.4 Strategic Initiatives
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List of Tables
1. Smart parking system - Industry snapshot & key buying criteria, 2012 - 2022
2. Global smart parking system market, 2013 - 2024 (USD Million)
3. Global smart parking system market by region, 2013 - 2024 (USD Million)
4. Global smart parking system market by application, 2013 - 2024 (USD Million)
5. Global smart parking system market by parking site, 2013 - 2024 (USD Million)
6. Global smart parking system market by component, 2013 - 2024 (USD Million)
7. Global smart parking system demand in transport transit, 2013 - 2024 (USD Million)
8. Global smart parking system demand in transport transit by region, 2013 - 2024 (USD
Million)
9. Global smart parking system demand in the government sector, 2013 - 2024 (USD Million)
10. Global smart parking system demand in the government sector by region, 2013 - 2024 (USD
Million)
11. Global smart parking system demand in the commercial sector, 2013 - 2024 (USD Million)
12. Global smart parking system demand in the commercial sector by region, 2013 - 2024 (USD
Million)
13. Global smart parking hardware demand, 2013 - 2024 (USD Million)
14. Global smart parking hardware demand by region, 2013 - 2024 (USD Million)
15. Global smart parking software demand, 2013 - 2024 (USD Million)
16. Global smart parking software demand by region, 2013 - 2024 (USD Million)
17. Global smart parking service demand, 2013 - 2024 (USD Million)
18. Global smart parking service demand by region, 2013 - 2024 (USD Million)
19. Global on-street smart parking system demand, 2013 - 2024 (USD Million)
20. Global on-street smart parking system demand by region, 2013 - 2024 (USD Million)
21. Global off-street smart parking system demand, 2013 - 2024 (USD Million)
22. Global off-street smart parking system demand by region, 2013 - 2024 (USD Million)
23. North America market by application, 2013 - 2024 (USD Million)
24. North America market by parking site, 2013 - 2024 (USD Million)
25. North America market by component, 2013 - 2024 (USD Million)
26. U.S. market by application, 2013 - 2024 (USD Million)
27. U.S. market by parking site, 2013 - 2024 (USD Million)
28. U.S. market by component, 2013 - 2024 (USD Million)
29. Canada market by application, 2013 - 2024 (USD Million)
30. Canada market by parking site, 2013 - 2024 (USD Million)
31. Canada market by component, 2013 - 2024 (USD Million)
32. Europe market by application, 2013 - 2024 (USD Million)
33. Europe market by parking site, 2013 - 2024 (USD Million)
34. Europe market by component, 2013 - 2024 (USD Million)
35. Germany market by application, 2013 - 2024 (USD Million)
36. Germany market by parking site, 2013 - 2024 (USD Million)
37. Germany market by component, 2013 - 2024 (USD Million)
38. UK market by application, 2013 - 2024 (USD Million)
39. UK market by parking site, 2013 - 2024 (USD Million)
40. UK market by component, 2013 - 2024 (USD Million)
41. Asia Pacific market by application, 2013 - 2024 (USD Million)
42. Asia Pacific market by parking site, 2013 - 2024 (USD Million)
43. Asia Pacific market by component, 2013 - 2024 (USD Million)
44. China market by application, 2013 - 2024 (USD Million)
45. China market by parking site, 2013 - 2024 (USD Million)
46. China market by component, 2013 - 2024 (USD Million)
47. India market by application, 2013 - 2024 (USD Million)
48. India market by parking site, 2013 - 2024 (USD Million)
49. India market by component, 2013 - 2024 (USD Million)
50. Japan market by application, 2013 - 2024 (USD Million)
51. Japan market by parking site, 2013 - 2024 (USD Million)
52. Japan market by component, 2013 - 2024 (USD Million)
53. South America market by application, 2013 - 2024 (USD Million)
54. South America market by parking site, 2013 - 2024 (USD Million)
55. South America market by component, 2013 - 2024 (USD Million)
56. Brazil market by application, 2013 - 2024 (USD Million)
57. Brazil market by parking site, 2013 - 2024 (USD Million)
58. Brazil market by component, 2013 - 2024 (USD Million)
59. MEA market by application, 2013 - 2024 (USD Million)
60. MEA market by parking site, 2013 - 2024 (USD Million)
61. MEA market by component, 2013 - 2024 (USD Million)
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List of Figures
1. Smart parking system market segmentation
2. Global Smart parking system market, 2013 - 2024 (USD Million)
3. Smart parking system - Value chain analysis
4. Smart parking system - Market dynamics
5. Smart parking system - Market dynamics
6. Smart parking system - Porter’s analysis
7. Smart parking system - PESTEL analysis
8. Smart parking system market share by application, 2014 & 2022
9. Smart parking system market share by parking site, 2014 & 2022
10. Smart parking system market share by component, 2014 & 2022
11. Smart parking system market share by region, 2014 & 2022
Further key findings from the study suggest:
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Government application segment dominated the global smart parking system industry
accounting for over 62% of the market share in 2015. Increasing need for managing onroad vehicles and minimizing fuel emissions has led to large-scale adoption of these
technologies in the government sector.
The European regional market accounted for around 30% of the global revenue share in
2015. Increasing interest of regional automobile manufacturers in developing smart
parking systems is anticipated to impel growth in the regional market.
On-demand valet parking and increasing demand for parking management at public
avenues such as shopping malls, sports complexes in countries such as Japan and China,
is expected to fuel the demand for parking management systems in the Asia-Pacific
region.
Key industry participants include Amano McGann, Inc., Deteq Solutions Ltd., Libelium,
Mindteck Ltd., Nedap NV, Skidata AG, Smart Parking Ltd., Streetline, Inc., Urbiotica
SL, and Worldsensing SL. Industry vendors are emphasizing on offering mobile
applications with advanced features to offer convenience to the users.
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Grand View Research has segmented the global smart parking system market on the basis of
parking site, application and region:
Smart Parking System Parking Site Outlook (Revenue, USD Million, 2013 - 2024)
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Transport transit
Government
Commercial
Smart Parking System Component Outlook (Revenue, USD Million, 2013 - 2024)
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Hardware
Software
Service
Smart Parking System Parking Site Outlook (Revenue, USD Million, 2013 - 2024)
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On-street
Off-street
Smart Parking System Regional Outlook (Revenue, USD Million, 2013 - 2024)
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North America
Europe
Asia Pacific
South America
MEA
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-theshelf, customized research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and energy. With a deepseated understanding of varied business environments, Grand View Research provides strategic
objective insights.
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The global smart parking system market size is expected to reach USD 368.7 million by 2024 according to a new study by Grand View Research, Inc. Favorable government initiatives and increasing public sector funding will favor the growth and adoption of smart parking system for the forecast period. For more information, visit - http://www.grandviewresearch.com/industry-analysis/smart-parking-system-market