China Smart Parking Market By Type (Off-street, On-street), By Technology (Internet of Things (IoT), Ultrasonic, RFID), By Application (Security and surveillance, Smart payment systems, E-parking, License plate recognition), By End User (Commercial, Government): Opportunity Analysis and Industry Forecast, 2023-2032
Smart parking is an innovative option and solution deployed to automate the auto parking system, including parking area reservation and accumulation & surpass car parking fees. The performance of these solutions increases by the use of innovative modern technologies such as Internet of Things (IoT), Real Time Locating System (RTLS), Radio Frequency Identification (RFID), wireless sensing units, and cloud computing. Smart parking serves as an ideal, risk-free solution for effective traffic management.
The growth of the smart parking market is majorly attributed to rise in demand for safety & surveillance, smart payment systems, and license plate recognition. In addition, increase in government investments in implementing smart parking services to manage traffic congestion and minimize unauthorized parking issues notably contributes toward the growth of the market. Surge in acceptance of cloud-based solutions and introduction of 5G technology are further equipped to improve the development of this market in the coming years. On the contrary, lack of sufficient infrastructure development is one of the major aspects that restrains the growth of the China smart parking market. The recurring COVID waves had a huge effect on the China smart parking market as cities were shut and nonessential shops did not operate, resulting in decline in the sales and earnings of this market.
The smart parking market is expected to witness significant opportunities in the future due to the introduction of smart cities in China. Smart cities are built on the idea of developing a safe environment for residents, where smart protection and technologies associated with smart parking play a considerable role. Along with this, exponential rise in population in urbane cities is anticipated to drive the China smart parking market during the forecast period. In addition, the expanding shopping sector offers a vast opportunity for the development of the China smart parking market. Shopping centers inhabit shared parking areas which are expected to cause a deficiency of car parking schedule and garage. This has developed a possibility for the assimilation of IoT-enabled traffic management systems with automatic car parking scheduling systems to ensure an effective and productive workflow. Smart cities are anticipated to drive the growth of the smart parking market. Numerous smart auto parking services have been deployed across cities to manage traffic, reduce air contamination, and facilitate smooth commute in public transport. Other advantages consist of car parking safety and security improvements. The introduction of face and license plate recognition systems for entry and exit fees in parking lots is expected to fuel the market growth. In addition, usage of blockchain and 5G technologies is expected to be the major factor augmenting the growth of the China smart parking market. This is attributed to the fact that blockchain enables different procedures to be refined with boosted security & precision, while 5G innovation facilitates faster accessibility to information from the cloud and enables quicker information transmission.
Various federal government policies regulate growth of the China smart parking market, including environmental guidelines, garage laws, and energy-efficiency policies to ensure the effective application of public car parking assets. In addition, city governments continually invest in the execution of innovative products to reduce the concern of garage laws. The China smart parking market is categorized on the basis of type, technology, application, and end user. By type, the market is bifurcated into on-street and off-street. By technology, the market is divided into IoT, ultrasonic sensors, and RFID. Depending on application, the market is classified into security & surveillance, smart payment systems, e-parking, and license plate recognition. According to end user, the market is bifurcated into commercial and government. The China smart parking market is highly competitive, and numerous international & domestic players compete in this market. Expansion of businesses by improving product portfolio and introduction of innovative products are anticipated to make the market highly competitive. Key players in the China smart parking market concentrate on development of latest products with innovative functions. In addition, key players in the market are adopting product development and R&D as their major developmental strategies to improve the product portfolio and strengthen their foothold in the competitive market. Moreover, companies supply services and products to fulfill the demands of various end users such as airports, hospitals, and shopping centers. Furthermore, they make use of pricing strategies to garner maximum share in the market. Affordable products are used by different leading players to reach large customer base and stay driven. In addition, firms offer attractive discounts and deals to stay competitive in the market.
Key Benefits for Stakeholders
The report enables informed decision-making process and offers market analysis based on current market situation and estimated future trends.
It analyzes the key strategies adopted by major market players in China smart parking market.
The study assesses and ranks the top factors that are expected to affect the growth of the market.
Top player positioning provides a clear understanding of the present position of market players.
Detailed analysis of the China smart parking market segmentation assists to determine the prevailing market opportunities.
It identifies key investment pockets for various offerings in the market.
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
SWOT Analysis
Key Market Segments
By Type
Off-street
On-street
By Technology
Internet of Things (IoT)
Ultrasonic
RFID
By Application
Security and surveillance
Smart payment systems
E-parking
License plate recognition
By End User
Commercial
Government
Key Market Players
Bosch
Huawei
Tencent
Baidu
Oracle
Siemens
Alibaba
Microsoft
Philips
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- CHAPTER 1: INTRODUCTION
- 1.1. Report Description
- 1.2. Key Market Segments
- 1.3. Key Benefits to the Stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO Perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market Definition and Scope
- 3.2. Key Findings
- 3.2.1. Top Impacting Factors
- 3.2.2. Top Investment Pockets
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. COVID-19 Impact Analysis on the market
- CHAPTER 4: CHINA SMART PARKING MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market Size and Forecast, By Type
- 4.2. Off-street
- 4.3. On-street
- CHAPTER 5: CHINA SMART PARKING MARKET, BY TECHNOLOGY
- 5.1. Overview
- 5.1.1. Market Size and Forecast, By Technology
- 5.2. Internet of Things (IoT)
- 5.3. Ultrasonic
- 5.4. RFID
- CHAPTER 6: CHINA SMART PARKING MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market Size and Forecast, By Application
- 6.2. Security and surveillance
- 6.3. Smart payment systems
- 6.4. E-parking
- 6.5. License plate recognition
- CHAPTER 7: CHINA SMART PARKING MARKET, BY END USER
- 7.1. Overview
- 7.1.1. Market Size and Forecast, By End User
- 7.2. Commercial
- 7.3. Government
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
- CHAPTER 9: COMPANY PROFILES
- 9.1. Bosch
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Google
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Huawei
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Tencent
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Baidu
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Oracle
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Siemens
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. Alibaba
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. Microsoft
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. Philips
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments
- LIST OF TABLES
- TABLE 01. CHINA SMART PARKING MARKET, BY TYPE, 2022-2032 ($MILLION)
- TABLE 02. CHINA SMART PARKING MARKET, BY TECHNOLOGY, 2022-2032 ($MILLION)
- TABLE 03. CHINA SMART PARKING MARKET, BY APPLICATION, 2022-2032 ($MILLION)
- TABLE 04. CHINA SMART PARKING MARKET, BY END USER, 2022-2032 ($MILLION)
- TABLE 05. BOSCH: KEY EXECUTIVES
- TABLE 06. BOSCH: COMPANY SNAPSHOT
- TABLE 07. BOSCH: OPERATING SEGMENTS
- TABLE 08. BOSCH: PRODUCT PORTFOLIO
- TABLE 09. BOSCH: KEY STRATERGIES
- TABLE 10. GOOGLE: KEY EXECUTIVES
- TABLE 11. GOOGLE: COMPANY SNAPSHOT
- TABLE 12. GOOGLE: OPERATING SEGMENTS
- TABLE 13. GOOGLE: PRODUCT PORTFOLIO
- TABLE 14. GOOGLE: KEY STRATERGIES
- TABLE 15. HUAWEI: KEY EXECUTIVES
- TABLE 16. HUAWEI: COMPANY SNAPSHOT
- TABLE 17. HUAWEI: OPERATING SEGMENTS
- TABLE 18. HUAWEI: PRODUCT PORTFOLIO
- TABLE 19. HUAWEI: KEY STRATERGIES
- TABLE 20. TENCENT: KEY EXECUTIVES
- TABLE 21. TENCENT: COMPANY SNAPSHOT
- TABLE 22. TENCENT: OPERATING SEGMENTS
- TABLE 23. TENCENT: PRODUCT PORTFOLIO
- TABLE 24. TENCENT: KEY STRATERGIES
- TABLE 25. BAIDU: KEY EXECUTIVES
- TABLE 26. BAIDU: COMPANY SNAPSHOT
- TABLE 27. BAIDU: OPERATING SEGMENTS
- TABLE 28. BAIDU: PRODUCT PORTFOLIO
- TABLE 29. BAIDU: KEY STRATERGIES
- TABLE 30. ORACLE: KEY EXECUTIVES
- TABLE 31. ORACLE: COMPANY SNAPSHOT
- TABLE 32. ORACLE: OPERATING SEGMENTS
- TABLE 33. ORACLE: PRODUCT PORTFOLIO
- TABLE 34. ORACLE: KEY STRATERGIES
- TABLE 35. SIEMENS: KEY EXECUTIVES
- TABLE 36. SIEMENS: COMPANY SNAPSHOT
- TABLE 37. SIEMENS: OPERATING SEGMENTS
- TABLE 38. SIEMENS: PRODUCT PORTFOLIO
- TABLE 39. SIEMENS: KEY STRATERGIES
- TABLE 40. ALIBABA: KEY EXECUTIVES
- TABLE 41. ALIBABA: COMPANY SNAPSHOT
- TABLE 42. ALIBABA: OPERATING SEGMENTS
- TABLE 43. ALIBABA: PRODUCT PORTFOLIO
- TABLE 44. ALIBABA: KEY STRATERGIES
- TABLE 45. MICROSOFT: KEY EXECUTIVES
- TABLE 46. MICROSOFT: COMPANY SNAPSHOT
- TABLE 47. MICROSOFT: OPERATING SEGMENTS
- TABLE 48. MICROSOFT: PRODUCT PORTFOLIO
- TABLE 49. MICROSOFT: KEY STRATERGIES
- TABLE 50. PHILIPS: KEY EXECUTIVES
- TABLE 51. PHILIPS: COMPANY SNAPSHOT
- TABLE 52. PHILIPS: OPERATING SEGMENTS
- TABLE 53. PHILIPS: PRODUCT PORTFOLIO
- TABLE 54. PHILIPS: KEY STRATERGIES
- LIST OF FIGURES
- FIGURE 01. CHINA SMART PARKING MARKET, 2022-2032
- FIGURE 02. SEGMENTATION OF CHINA SMART PARKING MARKET, 2022-2032
- FIGURE 03. TOP INVESTMENT POCKETS IN CHINA SMART PARKING MARKET (2023-2032)
- FIGURE 04. PORTER FIVE-1
- FIGURE 05. PORTER FIVE-2
- FIGURE 06. PORTER FIVE-3
- FIGURE 07. PORTER FIVE-4
- FIGURE 08. PORTER FIVE-5
- FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: CHINA SMART PARKING MARKET
- FIGURE 10. CHINA SMART PARKING MARKET,BY TYPE, 2022 ($MILLION)
- FIGURE 11. CHINA SMART PARKING MARKET,BY TECHNOLOGY, 2022 ($MILLION)
- FIGURE 12. CHINA SMART PARKING MARKET,BY APPLICATION, 2022 ($MILLION)
- FIGURE 13. CHINA SMART PARKING MARKET,BY END USER, 2022 ($MILLION)
- FIGURE 14. TOP WINNING STRATEGIES, BY YEAR
- FIGURE 15. TOP WINNING STRATEGIES, BY DEVELOPMENT
- FIGURE 16. TOP WINNING STRATEGIES, BY COMPANY
- FIGURE 17. PRODUCT MAPPING OF TOP 10 PLAYERS
- FIGURE 18. COMPETITIVE DASHBOARD
- FIGURE 19. COMPETITIVE HEATMAP: CHINA SMART PARKING MARKET
- FIGURE 20. TOP PLAYER POSITIONING, 2022
- FIGURE 21. BOSCH: NET SALES, 2020-2022* ($MILLION)
- FIGURE 22. BOSCH: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 23. BOSCH: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 24. GOOGLE: NET SALES, 2020-2022* ($MILLION)
- FIGURE 25. GOOGLE: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 26. GOOGLE: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 27. HUAWEI: NET SALES, 2020-2022* ($MILLION)
- FIGURE 28. HUAWEI: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 29. HUAWEI: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 30. TENCENT: NET SALES, 2020-2022* ($MILLION)
- FIGURE 31. TENCENT: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 32. TENCENT: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 33. BAIDU: NET SALES, 2020-2022* ($MILLION)
- FIGURE 34. BAIDU: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 35. BAIDU: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 36. ORACLE: NET SALES, 2020-2022* ($MILLION)
- FIGURE 37. ORACLE: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 38. ORACLE: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 39. SIEMENS: NET SALES, 2020-2022* ($MILLION)
- FIGURE 40. SIEMENS: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 41. SIEMENS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 42. ALIBABA: NET SALES, 2020-2022* ($MILLION)
- FIGURE 43. ALIBABA: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 44. ALIBABA: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 45. MICROSOFT: NET SALES, 2020-2022* ($MILLION)
- FIGURE 46. MICROSOFT: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 47. MICROSOFT: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 48. PHILIPS: NET SALES, 2020-2022* ($MILLION)
- FIGURE 49. PHILIPS: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 50. PHILIPS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
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