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The future of the smart parking market looks promising with opportunities in the ultrasonic, radar, and image sensor markets. The global smart parking market is expected to grow with a CAGR of 18% fr

om 2019 to 2024. The major drivers for this market are increasing traffic congestion, development of smart parking infrastructure, stringent government regulations, easy accessibility of smart parking systems, and increased consumer preference towards comfort and luxury.

A total 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of smart parking market report download the report brochure.



Smart Parking Market by Segment Type

Global Smart Parking Market

Smart Parking Market Share Analysis of Major Manufacturers


The study includes the smart parking market size and forecast for the global smart parking market through 2024, segmented by system type, sensor technology, component, vertical, solution, and region as follows:

By System Type [$M shipment analysis for 2013 – 2024]
  • Guided Park Assist
  • Smart Parking

By Sensor Technology [$M shipment analysis for 2013 – 2024]
  • Ultrasonic Sensor
  • Radar Sensor
  • Image Sensor

By Component [$M shipment analysis for 2013 – 2024]
  • Parking Sensors
  • Steering Angle Sensors
  • Display Units
  • ECUs

By Vertical [$M shipment analysis for 2013 – 2024]
  • Government
  • Commercial
  • Corporate Institutions
  • Transport Facilities

By Solution [$M shipment analysis for 2013 – 2024]
  • Security & Surveillance
  • Valet Parking Management
  • Parking Reservation Management
  • License Plate Recognition

By Region [$M shipment analysis for 2013 – 2024]
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
  • Rest of the World
    • Brazil
    • Turkey

Some of the smart parking companies profiled in this report include Robert Bosch, Continental, Aisin Seiki, Valeo, Siemens, Xerox Corporation, and Cubic Corporation, and others.

Some of the features of this report:
  • Market size estimates:Global smart parking market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis:Market trend (2013-2018) and forecast (2019-2024) by application, and end use industry.
  • Segmentation analysis:Global market size by various applications such as by system type, sensor technology, component, vertical, solution, and region.
  • Regional analysis:Global smart parking market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities:Analysis on growth opportunities in different applications and regions for smart parking in the global smart parking market.
  • Strategic analysis:This includes M&A, new product development, and competitive landscape for, smart parking in the global smart parking market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global smart parking market by system type (guided park assist, and smart parking), sensor technology (ultrasonic sensor, radar sensor, and image sensor), component (parking sensors, steering angle sensors, display units, and ECUs), vertical (government, commercial, corporate institutions, and transport facilities), solution (security & surveillance, valet parking management, parking reservation management, and license plate recognition), and region (North America, Europe, Asia Pacific, and Rest of World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the smart parking market?
Q.5 What are the business risks and threats to the smart parking market?
Q.6 What are emerging trends in this smart parking market and the reasons behind them?
Q.7 What are some changing demands of customers in the smart parking market?
Q.8 What are the new developments in the smart parking market? Which companies are leading these developments?
Q.9 Who are the major players in this smart parking market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this smart parking area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in this, smart parking market?
Table of Contents

1.  Executive Summary

2.  Market Trends and Forecast Analysis from 2013 to 2024
2.1:  Introduction, Background, and Classification
2.2:  Supply Chain
2.3:  Industry Drivers and Challenges

3.  Market Trends and Forecast Analysis from 2013 to 2024
3.1:  Macroeconomic Trends and Forecast
3.2:  Global Smart Parking Market: Trends and Forecast
3.3:  Global Smart Parking Market by System Type
3.3.1:  Guided Park Assist
3.3.2:  Smart Parking
3.4:  Global Smart Parking Market by Sensor Technology
3.4.1:  Ultrasonic Sensor
3.4.2:  Radar Sensor
3.4.3:  Image Sensor
3.5:  Global Smart Parking Market by Component
3.5.1:  Parking Sensors
3.5.2:  Steering Angle Sensors
3.5.3:  Display Units
3.5.4:  ECUs
3.6:  Global Smart Parking Market by Vertical
3.6.1:  Governmentl
3.6.2:  Commercial
3.6.3:  Corporate Institutions
3.6.4:  Transport Facilities
3.7:  Global Smart Parking Market by Solution
3.7.1:  Security & Surveillance
3.7.2:  Valet Parking Management
3.7.3:  Parking Reservation Management
3.7.4:  License Plate Recognition

4.  Market Trends and Forecast Analysis by Region
4.1:  Global Smart Parking Market by Region
4.2:  North American Smart Parking Market
4.2.1:  Market by System Type: Guided Park Assist, and Smart Parking
4.2.2:  Market by Sensor Technology: Ultrasonic Sensor, Radar Sensor, and Image Sensor
4.2.3:  Market by Component: Parking Sensors, Steering Angle Sensors, Display Units, and ECUs
4.2.4:  Market by Vertical: Government, Commercial, Corporate Institutions, and Transport Facilities
4.2.5:  Market by Solution: Security & Surveillance, Valet Parking Management, Parking Reservation
           Management, and License Plate Recognition
4.2.6:  Market by Country: United States, Canada, and Mexico
4.3:  European Smart Parking Market
4.3.1:  Market by System Type: Guided Park Assist, and Smart Parking
4.3.2:  Market by Sensor Technology: Ultrasonic Sensor, Radar Sensor, and Image Sensor
4.3.3:  Market by Component: Parking Sensors, Steering Angle Sensors, Display Units, and ECUs
4.3.4:  Market by Vertical: Government, Commercial, Corporate Institutions, and Transport Facilities
4.3.5:  Market by Solution: Security & Surveillance, Valet Parking Management, Parking Reservation
           Management, and License Plate Recognition
4.3.6:  Market by Country: Germany, UK, and Italy
4.4:  APAC Smart Parking Market
4.4.1:  Market by System Type: Guided Park Assist, and Smart Parking
4.4.2:  Market by Sensor Technology: Ultrasonic Sensor, Radar Sensor, and Image Sensor
4.4.3:  Market by Component: Parking Sensors, Steering Angle Sensors, Display Units, and ECUs
4.4.4:  Market by Vertical: Government, Commercial, Corporate Institutions, and Transport Facilities
4.4.5:  Market by Solution: Security & Surveillance, Valet Parking Management, Parking Reservation
           Management, and License Plate Recognition
4.4.6:  Market by Country: China, Japan, and India
4.5:  ROW Smart Parking Market
4.5.1:  Market by System Type: Guided Park Assist, and Smart Parking
4.5.2:  Market by Sensor Technology: Ultrasonic Sensor, Radar Sensor, and Image Sensor
4.5.3:  Market by Component: Parking Sensors, Steering Angle Sensors, Display Units, and ECUs
4.5.4:  Market by Vertical: Government, Commercial, Corporate Institutions, and Transport Facilities
4.5.5:  Market by Solution: Security & Surveillance, Valet Parking Management, Parking Reservation
           Management, and License Plate Recognition
4.5.6:  Market by Country: Brazil, and Turkey
 
5.  Competitor Analysis
5.1:  Product Portfolio Analysis
5.2:  Market Share Analysis
5.3:  Operational Integration
5.4:  Geographical Reach
5.5:  Porter’s Five Forces Analysis

6.  Growth Opportunities and Strategic Analysis
6.1:  Growth Opportunity Analysis
6.1.1:  Growth Opportunities for Global Smart Parking Market by System Type
6.1.2:  Growth Opportunities for Global Smart Parking Market by Sensor Technology
6.1.3:  Growth Opportunities for Global Smart Parking Market by Component
6.1.4:  Growth Opportunities for Global Smart Parking Market by Vertical
6.1.5:  Growth Opportunities for Global Smart Parking Market by Solution
6.1.6:  Growth Opportunities for Global Smart Parking Market by Region
6.2:  Emerging Trends in Global Smart Parking Market
6.3:  Strategic Analysis
6.3.1:  New Product Development
6.3.2:  Capacity Expansion of Global Smart Parking Market
6.3.3:  Mergers, Acquisitions and Joint Ventures in the Global Smart Parking Market
6.3.4:  Certification and Licensing

7.  Company Profiles of Leading Players
7.1:  Robert Bosch
7.2:  Continental
7.3:  Aisin Seiki
7.4:  Valeo
7.5:  Siemens
7.6:  Xerox Corporation
7.7:  Cubic Corporation

.

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142 figures/charts and 107 tables are provided in this 150 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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