Japan 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
The Japan smart parking market is expected to witness considerable growth due to rise in implementation of smart parking solutions from manual approaches for controlling parking by innovative technical solutions. This market is gaining traction due to increase in demand for convenient and safe parking solutions among customers. The growth of the market is driven by increase in urbanization, rapid growth of the automobile sector, and rise in government initiatives for smart cities and smart parking options.
The market is segmented into type, technology, application, and end user. By type, the market is bifurcated into off-street and on-street. On the basis of technology, the market is segmented into internet of things (IoT), ultrasonic, and RFID. By application, the market is segregated into security & surveillance, smart payment systems, e-parking, and license plate recognition. Depending on end user, the market is divided into commercial and government.
Increase in need for comfortable and practical parking solutions is a significant factor driving the growth of this market. Furthermore, surge in urbanization, rise in disposable income, and increase in center class has increase the demand for smart parking solutions that enable drivers to locate available parking slots and make payment for vehicle parking spots with minimal effort. In addition, increase in demand for smart cities in Japan is anticipated to provide several opportunities for this market in the upcoming years. Moreover, the federal government stringent regulations pertaining to the application of smart parking systems and innovations is expected to drive the growth of the Japan smart parking market.
On the contrary, high installation and maintenance costs of smart parking services is restraining the growth of the market. Moreover, lack of awareness among customers about the benefits of these advanced systems restrain the market growth. Furthermore, surge in 5G modern technology is expected to provide new opportunities for the Japan smart parking market. In addition. the 5G innovation can give high-speed data transfer and improved action times, with minimum latency. This will open up new opportunities for smart parking technologies such as vehicle-to-vehicle (V2V) interaction, which can make it possible for better administration and optimization of auto parking sources.
The smart parking market in Japan is anticipated to benefit from the growth of server-side computing. Server-side computing services enable the efficient handling of huge amount of data and minimize latency times. This enhances the total performance of smart parking solutions. Furthermore, increase in demand of AI and ML options in this market further develops opportunities for the growth. The Japan smart parking market for smart parking solutions can be evaluated using the Porter's five forces model. The model analysis the pressures of buyers, suppliers, substitutes, new entrants, and competitive rivalry. The bargaining power of buyers is high due to the existence of several suppliers offering similar products. The bargaining power of supplier is low due to the need to continuously improve their products to remain affordable. The threat of substitutes is low as there are no strong alternatives to smart parking solutions. The threat of new entrants is modest due to high levels of investment required for research & development of new modern technologies. The competitive rivalry in the industry is high, due to the visibility of several players in the market.
The Japan smart parking market players are expected to take on new product advancement techniques to stand out in the competitive market. They are partnering with suppliers to develop solutions that are secure and are very easy to use. In addition, the growth of smart applications such as certificate plate acknowledgment systems generate opportunities for the growth of this market. To acquire an affordable advantage, players should perform research & development activities to establish options that are customized to the demands of the Japan market. Moreover, consumer understandings and pricing techniques play a crucial function in the success of the Japan smart parking market. Players need to use efficient marketing techniques to create awareness about their services and products. In addition, they must provide affordable pricing approaches to draw in consumers. By successfully implementing these strategies, the market players can acquire a one-upmanship in the Japan smart parking market.
Key Benefits for Stakeholders
The report highlights the market analysis based on current trends and future estimations.
It analyzes the key strategies adopted by major market players in Japan smart parking market.
The study assesses and ranks the top factors that are expected to impact the growth of Japan smart parking market.
Top player positioning provides a clear understanding of the present position of market players.
Detailed analysis of the Japan smart parking market segmentation assists to determine the prevailing market opportunities.
It identifies the top investment pockets in the market.
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
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
Electronics Togo Co. Ltd
Pan Pacific Solutions
Japan Parking Network Inc.
Hitachi
Tominaga System Solutions
Total Parking Solutions
Tokyo Smart Parking
Secure-Park Systems
FineTronics Inc.
NTT Data Corporation
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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: JAPAN 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: JAPAN 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: JAPAN 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: JAPAN 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. Electronics Togo Co. Ltd
- 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. Pan Pacific Solutions
- 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. Japan Parking Network Inc.
- 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. Hitachi
- 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. Tominaga System Solutions
- 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. Total Parking Solutions
- 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. Tokyo Smart Parking
- 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. Secure-Park Systems
- 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. FineTronics Inc.
- 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. NTT Data Corporation
- 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. JAPAN SMART PARKING MARKET, BY TYPE, 2022-2032 ($MILLION)
- TABLE 02. JAPAN SMART PARKING MARKET, BY TECHNOLOGY, 2022-2032 ($MILLION)
- TABLE 03. JAPAN SMART PARKING MARKET, BY APPLICATION, 2022-2032 ($MILLION)
- TABLE 04. JAPAN SMART PARKING MARKET, BY END USER, 2022-2032 ($MILLION)
- TABLE 05. ELECTRONICS TOGO CO. LTD: KEY EXECUTIVES
- TABLE 06. ELECTRONICS TOGO CO. LTD: COMPANY SNAPSHOT
- TABLE 07. ELECTRONICS TOGO CO. LTD: OPERATING SEGMENTS
- TABLE 08. ELECTRONICS TOGO CO. LTD: PRODUCT PORTFOLIO
- TABLE 09. ELECTRONICS TOGO CO. LTD: KEY STRATERGIES
- TABLE 10. PAN PACIFIC SOLUTIONS: KEY EXECUTIVES
- TABLE 11. PAN PACIFIC SOLUTIONS: COMPANY SNAPSHOT
- TABLE 12. PAN PACIFIC SOLUTIONS: OPERATING SEGMENTS
- TABLE 13. PAN PACIFIC SOLUTIONS: PRODUCT PORTFOLIO
- TABLE 14. PAN PACIFIC SOLUTIONS: KEY STRATERGIES
- TABLE 15. JAPAN PARKING NETWORK INC.: KEY EXECUTIVES
- TABLE 16. JAPAN PARKING NETWORK INC.: COMPANY SNAPSHOT
- TABLE 17. JAPAN PARKING NETWORK INC.: OPERATING SEGMENTS
- TABLE 18. JAPAN PARKING NETWORK INC.: PRODUCT PORTFOLIO
- TABLE 19. JAPAN PARKING NETWORK INC.: KEY STRATERGIES
- TABLE 20. HITACHI: KEY EXECUTIVES
- TABLE 21. HITACHI: COMPANY SNAPSHOT
- TABLE 22. HITACHI: OPERATING SEGMENTS
- TABLE 23. HITACHI: PRODUCT PORTFOLIO
- TABLE 24. HITACHI: KEY STRATERGIES
- TABLE 25. TOMINAGA SYSTEM SOLUTIONS: KEY EXECUTIVES
- TABLE 26. TOMINAGA SYSTEM SOLUTIONS: COMPANY SNAPSHOT
- TABLE 27. TOMINAGA SYSTEM SOLUTIONS: OPERATING SEGMENTS
- TABLE 28. TOMINAGA SYSTEM SOLUTIONS: PRODUCT PORTFOLIO
- TABLE 29. TOMINAGA SYSTEM SOLUTIONS: KEY STRATERGIES
- TABLE 30. TOTAL PARKING SOLUTIONS: KEY EXECUTIVES
- TABLE 31. TOTAL PARKING SOLUTIONS: COMPANY SNAPSHOT
- TABLE 32. TOTAL PARKING SOLUTIONS: OPERATING SEGMENTS
- TABLE 33. TOTAL PARKING SOLUTIONS: PRODUCT PORTFOLIO
- TABLE 34. TOTAL PARKING SOLUTIONS: KEY STRATERGIES
- TABLE 35. TOKYO SMART PARKING: KEY EXECUTIVES
- TABLE 36. TOKYO SMART PARKING: COMPANY SNAPSHOT
- TABLE 37. TOKYO SMART PARKING: OPERATING SEGMENTS
- TABLE 38. TOKYO SMART PARKING: PRODUCT PORTFOLIO
- TABLE 39. TOKYO SMART PARKING: KEY STRATERGIES
- TABLE 40. SECURE-PARK SYSTEMS: KEY EXECUTIVES
- TABLE 41. SECURE-PARK SYSTEMS: COMPANY SNAPSHOT
- TABLE 42. SECURE-PARK SYSTEMS: OPERATING SEGMENTS
- TABLE 43. SECURE-PARK SYSTEMS: PRODUCT PORTFOLIO
- TABLE 44. SECURE-PARK SYSTEMS: KEY STRATERGIES
- TABLE 45. FINETRONICS INC.: KEY EXECUTIVES
- TABLE 46. FINETRONICS INC.: COMPANY SNAPSHOT
- TABLE 47. FINETRONICS INC.: OPERATING SEGMENTS
- TABLE 48. FINETRONICS INC.: PRODUCT PORTFOLIO
- TABLE 49. FINETRONICS INC.: KEY STRATERGIES
- TABLE 50. NTT DATA CORPORATION: KEY EXECUTIVES
- TABLE 51. NTT DATA CORPORATION: COMPANY SNAPSHOT
- TABLE 52. NTT DATA CORPORATION: OPERATING SEGMENTS
- TABLE 53. NTT DATA CORPORATION: PRODUCT PORTFOLIO
- TABLE 54. NTT DATA CORPORATION: KEY STRATERGIES
- LIST OF FIGURES
- FIGURE 01. JAPAN SMART PARKING MARKET, 2022-2032
- FIGURE 02. SEGMENTATION OF JAPAN SMART PARKING MARKET, 2022-2032
- FIGURE 03. TOP INVESTMENT POCKETS IN JAPAN 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: JAPAN SMART PARKING MARKET
- FIGURE 10. JAPAN SMART PARKING MARKET,BY TYPE, 2022 ($MILLION)
- FIGURE 11. JAPAN SMART PARKING MARKET,BY TECHNOLOGY, 2022 ($MILLION)
- FIGURE 12. JAPAN SMART PARKING MARKET,BY APPLICATION, 2022 ($MILLION)
- FIGURE 13. JAPAN SMART PARKING MARKET,BY END USER, 2022 ($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: JAPAN SMART PARKING MARKET
- FIGURE 20. TOP PLAYER POSITIONING, 2022
- FIGURE 21. ELECTRONICS TOGO CO. LTD: NET SALES, 2020-2022* ($MILLION)
- FIGURE 22. ELECTRONICS TOGO CO. LTD: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 23. ELECTRONICS TOGO CO. LTD: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 24. PAN PACIFIC SOLUTIONS: NET SALES, 2020-2022* ($MILLION)
- FIGURE 25. PAN PACIFIC SOLUTIONS: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 26. PAN PACIFIC SOLUTIONS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 27. JAPAN PARKING NETWORK INC.: NET SALES, 2020-2022* ($MILLION)
- FIGURE 28. JAPAN PARKING NETWORK INC.: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 29. JAPAN PARKING NETWORK INC.: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 30. HITACHI: NET SALES, 2020-2022* ($MILLION)
- FIGURE 31. HITACHI: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 32. HITACHI: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 33. TOMINAGA SYSTEM SOLUTIONS: NET SALES, 2020-2022* ($MILLION)
- FIGURE 34. TOMINAGA SYSTEM SOLUTIONS: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 35. TOMINAGA SYSTEM SOLUTIONS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 36. TOTAL PARKING SOLUTIONS: NET SALES, 2020-2022* ($MILLION)
- FIGURE 37. TOTAL PARKING SOLUTIONS: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 38. TOTAL PARKING SOLUTIONS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 39. TOKYO SMART PARKING: NET SALES, 2020-2022* ($MILLION)
- FIGURE 40. TOKYO SMART PARKING: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 41. TOKYO SMART PARKING: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 42. SECURE-PARK SYSTEMS: NET SALES, 2020-2022* ($MILLION)
- FIGURE 43. SECURE-PARK SYSTEMS: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 44. SECURE-PARK SYSTEMS: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 45. FINETRONICS INC.: NET SALES, 2020-2022* ($MILLION)
- FIGURE 46. FINETRONICS INC.: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 47. FINETRONICS INC.: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
- FIGURE 48. NTT DATA CORPORATION: NET SALES, 2020-2022* ($MILLION)
- FIGURE 49. NTT DATA CORPORATION: REVENUE SHARE, BY SEGMENT, 2022 (%)
- FIGURE 50. NTT DATA CORPORATION: REVENUE SHARE, BY GEOGRAPHY, 2022 (%)
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