Report Highlights
The global market for smart parking technologies is expected to increase from $38.7 billion in 2023 to $88.8 billion by the end of 2028, with a compound annual growth rate (CAGR) of 18.1% during the forecast period of 2023-2028.
Report Includes
- 37 data tables and 54 additional tables
- An overview of the global market for smart parking technologies
- Analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 202
- Evaluation of the current market size and revenue growth prospects, accompanied by a market share analysis by offering, parking solution type, technology, end user and geographic region
- Coverage of emerging technologies, the current and future market potential, and the regulatory framework and reimbursement scenarios
- Review of patents, and ESG trends in the smart parking technology industry
- Market share analysis of the key companies in the industry and coverage of mergers & acquisitions, joint ventures, collaborations, partnerships, and other market strategies
- Company profiles of major players within the industry, including 3M, Smart Parking, Cisco Systems Inc., and Continental AG
Report Scope
This report provides an overview of the global market for smart parking technologies and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period 2023 through 2028. Revenue forecasts for this period are made by hardware, software and services; parking solution type; technology; end user and region. However, the cost and volume of hardware are not included.
Report Synopsis
| Report Metrics | Details | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||
| Base year market size | $35.6 billion | ||||||||||||||
| Market size forecast | $88.8 billion | ||||||||||||||
| Growth rate | CAGR of 18.1% for the forecast period of 2023-2028 | ||||||||||||||
| Units considered | $ Millions | ||||||||||||||
| Segments covered | Offering, Parking Solution Type, Technology, End User | ||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) | ||||||||||||||
| Countries covered | U.S., Canada, Mexico, U.K., Germany, France, Russia, Italy, Norway, Sweden, Finland, Poland, Denmark, Hungary, China, India, Japan, Australia, New Zealand, Taiwan, Indonesia, Thailand, Singapore, Latin America, Middle East and Africa | ||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for smart parking technology solutions and applications reached $13.1 billion in 2016. The market should reach $15.5 billion in 2017 and $35.3 billion by 2022, increasing at a compound annual growth rate (CAGR) of 17.9% during 2017-2022.
Report Includes
- 80 data tables and 8 additional tables
- An overview of the global market for smart parking technologies.
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022.
- Analysis of key market drivers, including desire for luxury and increasing disposable income at the consumer level (especially in the Asia-Pacific region), strong growth of the automated vehicles market, and the need for automotive manufacturers to distinguish their vehicles in an otherwise similar feature set.
- A look at various strategic initiatives and strengths of companies, along with large companies that offer smart parking sensors and other products.
- An in-depth patent analysis, specifically smart parking technologies currently under investigation or newly in the market.
- Profiles of major manufacturers and suppliers in the industry.
- Company profiles of major players in the industry, including: Aisin Seiki Co. Ltd., Amco SA, Inrix, Nedap Identification Systems, Siemens AG, Worldsensing
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