Global Video Parking Guidance System Market Growth (Status and Outlook) 2025-2031

The global Video Parking Guidance System market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

A video parking guidance system (VPGS) is a type of parking system that uses video cameras and sensors to detect and track vehicles in a parking lot. The system then uses this information to provide drivers with guidance on where to park their vehicles.

Video parking guidance system systems typically include a number of cameras that are strategically placed throughout the parking lot. The cameras are used to capture a real-time view of the parking lot. The system then uses this video footage to detect and track vehicles.

Once the system has detected and tracked a vehicle, it can provide the driver with guidance on where to park. This guidance can be provided in a number of ways, such as through digital signage, mobile apps, or dashboard displays.

The global video parking guidance system (VPGS) market is expected to grow significantly in the coming years, driven by the increasing demand from parking lot operators to improve the efficiency and convenience of parking.

The growth of the video parking guidance systemmarket is being attributed to a number of factors, including:

Increasing demand from parking lot operators: Parking lot operators are increasingly looking for ways to improve the efficiency and convenience of parking. video parking guidance system systems can help to reduce parking time, improve parking efficiency, reduce traffic congestion, and improve safety in parking lots.

Growing urbanization: The world is becoming increasingly urbanized. This is leading to an increase in the number of vehicles on the road and an increase in the demand for parking. video parking guidance system systems can help to address the challenges of parking in urban areas.

Technological advancements: Technological advancements in video analytics and machine learning are making video parking guidance system systems more accurate and efficient. This is driving the adoption of video parking guidance system systems by parking lot operators.

The video parking guidance system market is expected to witness significant growth in the coming years, driven by the factors mentioned above. The market is also expected to benefit from the growing demand for video parking guidance system systems in emerging economies.

LPI (LP Information)' newest research report, the “Video Parking Guidance System Industry Forecast” looks at past sales and reviews total world Video Parking Guidance System sales in 2024, providing a comprehensive analysis by region and market sector of projected Video Parking Guidance System sales for 2025 through 2031. With Video Parking Guidance System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Video Parking Guidance System industry.

This Insight Report provides a comprehensive analysis of the global Video Parking Guidance 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 analyses the strategies of leading global companies with a focus on Video Parking Guidance System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Video Parking Guidance System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Video Parking Guidance 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 Video Parking Guidance System.

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

Segmentation by Type:
Hardware
Software

Segmentation by Application:
Commercial
Government

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.
Hikvision
Nexpa System
Bosch
KEYTOP
KTeco
Parksol
Quercus Technologies
TKH Security
Huaptec
i+D3 Equipamientos Tecnológicos
I-View Communication
GS Automatic
Shenzhen Carsafe Technology

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