Global Smart Parking System Market Growth (Status and Outlook) 2023-2029

Global Smart Parking System Market Growth (Status and Outlook) 2023-2029

Smart Parking refers to the comprehensive application of wireless communication technology, mobile terminal technology, GPS positioning technology, GIS technology, etc. to the collection, management, query, reservation and navigation services of urban parking spaces to realize real-time update, query, reservation and navigation of parking space resources. The integration of navigation services can maximize the utilization of parking space resources, maximize the profit of the parking lot and optimize the parking service for car owners.

LPI (LP Information)' newest research report, the “Smart Parking System Industry Forecast” looks at past sales and reviews total world Smart Parking System sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Parking System sales for 2023 through 2029. With Smart Parking System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Parking System industry.

This Insight Report provides a comprehensive analysis of the global Smart Parking System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Parking System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Parking System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Parking System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Parking System.

The global Smart Parking System market size is projected to grow from US$ 3655.3 million in 2022 to US$ 10060 million in 2029; it is expected to grow at a CAGR of 15.6% from 2023 to 2029.

Global key players of smart parking system include Amano Corporation, Cubic Corporation, Swarco AG, etc. The top three players hold a share nearly 23%. Service providers of smart parking system are mainly located in Japan, Europe, United States, and China, they occupied for a share over 40%. Asia-Pacific is the largest market, has a share about 35%, followed by North America and Europe, with share 31% and 27%, separately.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Parking System market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Intelligent Parking Equipment
Intelligent Parking Software Service

Segmentation by application
Off-Street
On-Street

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Amano Corporation
Cubic Corporation
Swarco AG
JIESHUN
SKIDATA
Thales
KEYTOP
ETCP
CAME Parkare
Kapsch TrafficCom
Yunex Traffic
Hangzhou Reformer
SpotHero
Vision-zenith
Smart Parking
Parkbees
Bluecard Technologies

Please note: The report will take approximately 2 business days to prepare and deliver.