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According to our LPI (LP Information) latest study, the global Smart Parking System market size was valued at US$ 3655.3 million in 2023. With growing demand in downstream market, the Smart Parking System is forecast to a readjusted size of US$ 10060 million by 2030 with a CAGR of 15.6% during review period.
The research report highlights the growth potential of the global Smart Parking System market. Smart Parking System are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Smart Parking System. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Smart Parking System market.
Smart Parking refers to the comprehensive application of wireless communication technology, mobile terminal technology, GPS positioning technology, GIS technology, etc. to the collection, management, query, reservation and navigation services of urban parking spaces to realize real-time update, query, reservation and navigation of parking space resources. The integration of navigation services can maximize the utilization of parking space resources, maximize the profit of the parking lot and optimize the parking service for car owners.
Global key players of smart parking system include Amano Corporation, Cubic Corporation, Swarco AG, etc. The top three players hold a share nearly 23%. Service providers of smart parking system are mainly located in Japan, Europe, United States, and China, they occupied for a share over 40%. Asia-Pacific is the largest market, has a share about 35%, followed by North America and Europe, with share 31% and 27%, separately.
Key Features:
The report on Smart Parking System market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Smart Parking System market. It may include historical data, market Segmentation by Type (e.g., Intelligent Parking Equipment, Intelligent Parking Software Service), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Smart Parking System market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Smart Parking System market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Smart Parking System industry. This include advancements in Smart Parking System technology, Smart Parking System new entrants, Smart Parking System new investment, and other innovations that are shaping the future of Smart Parking System.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Smart Parking System market. It includes factors influencing customer ' purchasing decisions, preferences for Smart Parking System product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Smart Parking System market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Smart Parking System market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Smart Parking System market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Smart Parking System industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Smart Parking System market.
Market Segmentation:
Smart Parking System market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
- Intelligent Parking Equipment
- Intelligent Parking Software Service
Segmentation by application
- Off-Street
- On-Street
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Amano Corporation
- Cubic Corporation
- Swarco AG
- JIESHUN
- SKIDATA
- Thales
- KEYTOP
- ETCP
- CAME Parkare
- Kapsch TrafficCom
- Yunex Traffic
- Hangzhou Reformer
- SpotHero
- Vision-zenith
- Smart Parking
- Parkbees
- Bluecard Technologies