Smart Parking

Global Market Trajectory & Analytics

MCP13867

EXECUTIVE ENGAGEMENTS

POOL

14574
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

1749
Interactions with Platform & by Email

PARTICIPANTS

437
Unique # Participated

VALIDATIONS

96
Responses Validated*

COMPANIES

54
Responses Validated*
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DATE

APR 2021

TABLES

68

PAGES

152

EDITION

8

PRICE

USD 4950

CODE

MCP13867


COMPETITIVE METRICS

COMPANY

D S N T

% *

Admyt

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AIpark

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airXsys

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Aisin Corporation

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Akcine bendrove Lietuvos pastas

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Amano Corporation

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Amco SA

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Anagog Ltd.

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Anna Griffin, Inc.

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AppyParking

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* D = Dominant; S = Strong; N = Niche; T = Trivial
* Validated respondents are incentivized with cluster data
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HIGHLIGHTS & REPORT INDEX

Amid the COVID-19 crisis, the global market for Smart Parking estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$12.5 Billion by 2027, growing at aCAGR of 17.5% over the period 2020-2027. Guided Park Assist, one of the segments analyzed in the report, is projected to record 16.5% CAGR and reach US$7.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Park segment is readjusted to a revised 19.3% CAGR for the next 7-year period.
The Smart Parking market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 16.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.5% and 15.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

SELECT PLAYERS

Aisin Seiki Co., Ltd.; Amano Corporation; Continental AG; Cubic Corporation; Delphi Automotive PLC; Kapsch TrafficCom AG; Nedap Identification Systems; Robert Bosch GmbH; Siemens AG; Tkh Group-Park Assist; Valeo SA; Xerox Corporation

SEGMENTS

» Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition) » System (Guided Park Assist, Smart Park)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Smart Parking Technology and Human Innovation Enable Efficient Use of Parking Spaces
Smart Parking Value Chain
Smart Parking Market: Need for Decongestion of Cities and Provide Efficient Parking Experience Drives Growth
TABLE: Global Smart Parking Systems Market: Percentage Breakdown of Revenues by End-Use for 2019
TABLE: Global Smart Parking Market: Percentage Breakdown of Revenues by Parking Site for 2019 and 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Vehicular Traffic and Lack of Adequate Parking Spaces in Cities Drives Focus onto Smart Parking Systems
TABLE: Countries with Highest Vehicle Density Per Capita (in Number of Vehicles Per 1,000 Inhabitant)
An Insight into the Economic Cost of Parking
TABLE: Average Time Spent in Searching for Parking Space in US, UK and German Cities
TABLE: Parking Search Cost in Major US Cities: Number of Hours Spent on Searching for Parking Space Per Driver Per Annum and Total Cost Per Annum (in $ Billion)
TABLE: Parking Search Cost in Major Cities across the UK: Number of Hours Spent on Searching for Parking Space Per Driver Per Annum and Total Cost Per Annum (in £ Billion)
TABLE: Parking Search Cost in Major German Cities: Number of Hours Spent on Searching for Parking Space Per Driver Per Annum and Total Cost Per Annum (in € Million)
TABLE: Major Driver Issues and Key Parking Issues in the US, UK and Germany
Smart Parking Solutions Seek to Resolve the Ever Growing Transport Challenges Confronting Cities across the World
Smart Parking: An Integral Part of Smart City Initiatives
List of Select Smart City Projects Worldwide
TABLE: Growing Smart City Initiatives Worldwide Presents Opportunity for Smart Parking Market: Global Smart Cities Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
Smart Parking Solutions Offer Considerable Advantages to Drivers
Automation Technologies to Significantly Impact Smart Parking Market
Integration of Real-Time Smart Parking Systems in Distributed Intelligent Transport Systems across Smart Cities: Designed to Provide Timely Information
IoT Facilitates Location Tracking of Cars in Smart Parking Lots
Integrated Smart Parking Solutions Hold the Ability to Considerably Enhance Efficiency
Parking 4.0: The Future of Smart Parking
Event Parking in Cities: Tremendous Growth Potential for Smart Parking Market
Smart Parking Technology Presents Additional Avenues of Revenue Generation in Cities
Major Trends in the Smart Parking World: In a Nutshell
Smart Parking: Among the Notable Innovations in the Parking Space
PRODUCT OVERVIEW
Smart Parking
Technologies Used in Smart Parking
4. GLOBAL MARKET PERSPECTIVE
Decongestion of Cities: A Key Advantage of IoT-Enabled Smart Parking Systems
World Current & Future Analysis for Smart Parking by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Smart Parking by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
World Current & Future Analysis for Guided Park Assist by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Guided Park Assist by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Smart Park by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Smart Park by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Security & Surveillance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Security & Surveillance by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Valet & Parking Reservation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Valet & Parking Reservation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for License Plate Recognition by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for License Plate Recognition by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
UNITED STATES
With the US Parking Market Challenged by Significant Inefficiencies, Smart Parking Technology Promises Change
TABLE: Smart Parking Systems Market in the US: Percentage Breakdown of Revenue by Parking Site for 2019 and 2025
TABLE: Smart Parking Systems Market in North America: Percentage Breakdown of Revenues by Component for 2019 and 2025
USA Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
USA Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
CANADA
Canada Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
Canada Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
JAPAN
Japan Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
Japan Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
CHINA
Need to Tackle China’s Parking Crisis Spurs Robust Growth in the Smart Parking Market
Diagonal Smart Parking Garage Debuts in China
China Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
China Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
EUROPE
Smart Parking Market in Europe: An Overview
Europe Current & Future Analysis for Smart Parking by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Parking by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
Europe Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
Europe Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
FRANCE
France Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
France Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
GERMANY
Germany Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
Germany Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
ITALY
Italy Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
Italy Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
UK Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
Rest of Europe Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
ASIA-PACIFIC
Smart Parking Market Potential in India: A Review
Smart Parking System Addresses Issues Emerging in Multi-Tenant Parking Lots
Indonesia: Rapid Growth of Urban Vehicular Population Spurs Smart Parking Market
Asia-Pacific Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
Asia-Pacific Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
REST OF WORLD
Dubai Makes Active Efforts to Shift towards Smart Parking
Rest of World Current & Future Analysis for Smart Parking by System - Guided Park Assist and Smart Park - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Smart Parking by System - Percentage Breakdown of Value Sales for Guided Park Assist and Smart Park for the Years 2020 & 2027
Rest of World Current & Future Analysis for Smart Parking by Solution - Security & Surveillance, Valet & Parking Reservation and License Plate Recognition - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Smart Parking by Solution - Percentage Breakdown of Value Sales for Security & Surveillance, Valet & Parking Reservation and License Plate Recognition for the Years 2020 & 2027
Total Companies Profiled: 54

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