Smart Parking Market Report: Trends, Forecast and Competitive Analysis

Publisher: Lucintel
Publication Date: May, 2020
Transportation / Automotive Electronics
Pages: 150+
Delivery Format: PDF

Trends, opportunities and forecast in 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), solutions (security & surveillance, valet parking management, parking reservation management, and license plate recognition), and region (North America, Europe, Asia Pacific, and the Rest of World).

Report Features
Table of Contents
Pricing
Methodology
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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 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?

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Smart Parking Market Report: Trends, Forecast and Competitive Analysis

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

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