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Smart Parking Market, Global Forecast by Type, Application, End-User, Regions, Company Analysis

  • ID: 5237708
  • Report
  • January 2021
  • Region: Global
  • Renub Research

FEATURED COMPANIES

  • Aisin Seiki Co. Ltd
  • Allegion Plc
  • ASSA ABLOY AB
  • Bosch
  • Siemens AG

Globally, Vehicle parking lies at the intersection of mobility management as well as urban space. Over time, there were many generations which have offered numerous opportunities to the users. In recent years, parking generation provides basic automation that allows users to navigate the complete parking life cycle independently, for instance, knowing fee settlement, ticketing, parking, and parking occupancy status. According to the research analysis, Global Smart Parking Market is expected to grow with double-digit CAGR and reach USD 12.7 billion by 2027.



The factor that is boosting this market is the growing adoption of integrated automated solutions coupled with wireless technologies' advancements. The surging of digital payment technologies in the market is likely to contribute to the growth over the forecast period. However, high implementation cost and non-availability of supporting infrastructure are expected to hamper this market's growth.

As the global urban population has reached 7.5 billion in 2020, according to Census Bureau's International; smart parking is playing a significant role in bringing about improvements in convenience, congestion, lower costs, urban mobility and the delivery of practical information and intelligence. Smart Parking technology's adoption equips operators with the ability to deliver a wide range of additional services such as public broadband, safety video surveillance, air quality, and lighting control more efficiently, with new intelligent networks and greater automation via the Smart Spot network gateway products. The app included payment function features that alarm people when they get paid, allowing them to top up instantly.

The report titled “Global Smart Parking Market By Type [Off-street & On-street], Application (Security & Surveillance, Smart Payment System, E-Parking & license Plate Recognition), End-User (Transport Facilities, Governments and Municipalities, Commercial Institutions & Corporate Institution), Regions (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Companies (ASSA ABLOY AB, Allegion Plc, Aisin Seiki Co. Ltd, Siemens AG & Bosch)” studies the Global Smart Parking Industry.

By Type

1. Off-street

2. On-street

By Application

1. Security & Surveillance

2. Smart Payment system

3. E-Parking

4. License Plate Recognition

By End-User

1. Transport facilities

2. Governments and Municipalities

3. Commercial Institutions

4. Corporate Institution

By Regions

1. North America

2. Europe

3. Asia Pacific

4. Middle East &Africa

5. Latin America

Key Players covered in the report which has been studied from 3 viewpoints

  • Overview
  • Initiatives & Recent Developments
  • Revenue

Companies covered in this report

1. ASSA ABLOY AB

2. Allegion Plc

3. Aisin Seiki Co. Ltd

4. Siemens AG

5. Bosch

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aisin Seiki Co. Ltd
  • Allegion Plc
  • ASSA ABLOY AB
  • Bosch
  • Siemens AG
1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Driver
4.2 Challenges

5. Global Smart Parking Market

6. Market Share - Global Smart Parking Analysis
6.1 By Type
6.2 By Application
6.3 By End User
6.4 By Regions

7. Type - Global Smart Parking Market
7.1 On-street
7.2 Off-street

8. Application - Global Smart Parking Market
8.1 Security & Surveillance
8.2 Smart Payment System
8.3 License Plate Recognition
8.4 Other Application

9. End-User - Global Smart Parking Market
9.1 Transport Facilities
9.2 Governments and Municipalities
9.3 Commercial Institutions
9.4 Corporate Institution

10. Regions - Global Smart Parking Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Middle East & Africa
10.5 Latin America

11. Merger & Acquisitions

12. Company Analysis
12.1 ASSA ABLOY AB
12.1.1 Overview
12.1.2 Recent Developments
12.1.3 Revenue Analysis
12.2 Allegion Plc
12.2.1 Overview
12.2.2 Recent Developments
12.2.3 Revenue Analysis
12.3 Aisin Seiki Co. Ltd
12.3.1 Overview
12.3.2 Recent Developments
12.3.3 Revenue Analysis
12.4 Siemens AG
12.4.1 Overview
12.4.2 Recent Developments
12.4.3 Revenue Analysis
12.5 Bosch
12.5.1 Overview
12.5.2 Recent Developments
12.5.3 Revenue Analysis

List of Figures:
Figure-01: Global - Smart Parking Market (Million US$), 2016 - 2020
Figure-02: Global - Forecast for Smart Parking Market (Million US$), 2021 - 2027
Figure-03: Global - Smart Parking Market Share by Type (Percentage) 2016 - 2020
Figure-04: Global - Forecast for Smart Parking Market Share by Type (Percentage) 2021 - 2027
Figure-05: Global - Smart Parking Market Share by Application (Percentage) 2016 - 2020
Figure-06: Global - Forecast for Smart Parking Market Share by Application (Percentage) 2021 - 2027
Figure-07: Global - Smart Parking Market Share by End User (Percentage) 2016 - 2020
Figure-08: Global - Forecast for Smart Parking Market Share by End User (Percentage), 2021 - 2027
Figure-09: Global - Smart Parking Market Share by Regions (Percentage) 2016 - 2020
Figure-10: Global - Forecast for Smart Parking Market Share by Regions (Percentage) 2021 - 2027
Figure-11: Global - On-Street Smart Parking Market (Million US$), 2016 - 2020
Figure-12: Global - Forecast for On-Street Smart Parking Market (Million US$), 2021 - 2027
Figure-13: Global - Off-Street Smart Parking Market (Million US$), 2016 - 2020
Figure-14: Global - Forecast for Off-Street Smart Parking Market (Million US$), 2021 - 2027
Figure-15: By Application - Smart Parking Security & Surveillance Market (Million US$), 2016 - 2020
Figure-16: By Application - Forecast for Smart Parking Security & Surveillance Market (Million US$), 2021 - 2027
Figure-17: By Application - Smart Parking Payment System Market (Million US$), 2016 - 2020
Figure-18: By Application - Forecast for Smart Parking Payment System Market (Million US$), 2021 - 2027
Figure-19: By Application - License Plate Recognition Market (Million US$), 2016 - 2020
Figure-20: By Application - Forecast for License Plate Recognition Market (Million US$), 2021 - 2027
Figure-21: By Application - Other Application Market (Million US$), 2016 - 2020
Figure-22: By Application - Forecast for Other Application Market (Million US$), 2021 - 2027
Figure-23: By Application - Smart Parking Transport facilities Market (Million US$), 2016 - 2020
Figure-24: By Application - Forecast for Smart Parking Transport facilities Market (Million US$), 2021 - 2027
Figure-25: By Application - Smart Parking Governments and Municipalities Market (Million US$), 2016 - 2020
Figure-26: By Application - Forecast for Smart Parking Governments and Municipalities Market (Million US$), 2021 - 2027
Figure-27: By Application - Smart Parking Commercial Institutions Market (Million US$), 2016 - 2020
Figure-28: By Application - Forecast for Smart Parking Commercial Institutions Market (Million US$), 2021 - 2027
Figure-29: By Application - Smart Parking Corporate Institution Market (Million US$), 2016 - 2020
Figure-30: By Application - Forecast for Smart Parking Corporate Institution Market (Million US$), 2021 - 2027
Figure-31: North America - Smart Parking Market (Million US$), 2016 - 2020
Figure-32: North America - Forecast for Smart Parking Market (Million US$), 2021 - 2027
Figure-33: Europe - Smart Parking Market (Million US$), 2016 - 2020
Figure-34: Europe - Forecast for Smart Parking Market (Million US$), 2021 - 2027
Figure-35: Asia Pacific - Smart Parking Market (Million US$), 2016 - 2020
Figure-36: Asia Pacific - Forecast for Smart Parking Market (Million US$), 2021 - 2027
Figure-37: Middle East & Africa - Smart Parking Market (Million US$), 2016 - 2020
Figure-38: Middle East & Africa - Forecast for Smart Parking Market (Million US$), 2021 - 2027
Figure-39: Iatin America - Smart Parking Market (Million US$), 2016 - 2020
Figure-40: Iatin America - Forecast for Smart Parking Market (Million US$), 2021 - 2027
Figure-41: Global - Assa Abloy AB Company Revenue (Million US$), 2015 - 2020
Figure-42: Global - Forecast for Assa Abloy AB Company Revenue (Million US$), 2021 - 2026
Figure-43: Global - Allegion Plc Company Revenue (Million US$), 2015 - 2020
Figure-44: Global - Forecast for Allegion Plc Company Revenue (Million US$), 2021 - 2026
Figure-45: Global - Aisin Seiki Co., Ltd Company Revenue (Million US$), 2015 - 2020
Figure-46: Global - Forecast for Aisin Seiki Co., Ltd Company Revenue (Million US$), 2021 - 2026
Figure-47: Global - Siemens AG Company Revenue (Million US$), 2015 - 2020
Figure-48: Global - Forecast for Siemens AG Company Revenue (Million US$), 2021 - 2026
Figure-49: Global - Robert Bosch GmbH Company Revenue (Billion US$), 2015 - 2020
Figure-50: Global - Forecast for Robert Bosch GmbH Company Revenue (Billion US$), 2021 - 2026
Note: Product cover images may vary from those shown
  • ASSA ABLOY AB
  • Allegion Plc
  • Aisin Seiki Co. Ltd
  • Siemens AG
  • Bosch
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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