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US Smart Parking Market (2022-2027) by Type, Technology, Application, End-User, Hardware, Service, Software Outlook, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 180 Pages
  • February 2022
  • Region: United States
  • Infogence Global Research
  • ID: 5566997
UP TO OFF until Jun 30th 2023
The US Smart Parking Market is estimated to be USD 1.33 Bn in 2022 and is expected to reach USD 2.26 Bn by 2027, growing at a CAGR of 11.22%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the US Smart Parking Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentation

The US Smart Parking Market is segmented based on Type, Technology, Application, End-User, Hardware, Service, and Software Outlook.
  • By Type, the market is classified into Off-Street, and On-Street.
  • By Technology, the market is classified into Internet of Things (IoT), Ultrasonic, and RFID.
  • By Application, the market is classified into Security and Surveillance, Smart Payment Systems, E-Parking, and License Plate Recognition.
  • By End-User, the market is classified into Commercial, Government, and Transport Transit.
  • By Hardware, the market is classified into Pucks, Cameras and LPRs, Smart Meters, Signage, and Parking gate.
  • By Service, the market is classified into Consulting Services, Engineering Services, and Mobile App Parking Services.
  • By Software Outlook, the market is classified into Parking Guidance System, and Analytics Solution.

Report Highlights:

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Aisin Seiki, Altiux Innovations, Amano McGann Inc, CivicSmart, Inc., Continental AG, Daimler AG, Flowbird, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Smart Parking Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses US Smart Parking Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the US Smart Parking Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the US Smart Parking Market

What is the estimated value of the US Smart Parking Market?

The US Smart Parking Market was estimated to be valued at $1.33 Billion in 2022.

What is the growth rate of the US Smart Parking Market?

The growth rate of the US Smart Parking Market is 11.2%, with an estimated value of $2.26 Billion by 2027.

What is the forecasted size of the US Smart Parking Market?

The US Smart Parking Market is estimated to be worth $2.26 Billion by 2027.

Who are the key companies in the US Smart Parking Market?

Key companies in the US Smart Parking Market include Aisin Seiki, Altiux Innovations, Amano McGann Inc, CivicSmart, Inc., Continental AG, Daimler AG, Flowbird, Get My Parking, Giken Limited and Kapsch TrafficCom.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentation, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Urbanization and Space Concerns
4.1.2 Growing Demand for Personal Vehicles
4.1.3 Deployment of Curbsides as Flexible Zones Policy
4.1.4 Rising Adoption of IoT In Parking and Mobile Transportation Applications
4.2 Restraints
4.2.1 High Cost of Investment and Maintenance
4.3 Opportunities
4.3.1 Expansion and Upgrade to Smart Parking
4.3.2 Advancements in Smart Parking Technology
4.4 Challenges
4.4.1 Low Availability of Support Infrastructure
4.4.2 Complex Technology and Lack of Skilled Personnel
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 US Smart Parking Market, By Type
6.1 Introduction
6.2 Off-Street
6.3 On- Street
7 US Smart Parking Market, By Technology
7.1 Introduction
7.2 Internet of Things (IoT)
7.3 Ultrasonic
7.4 RFID
8 US Smart Parking Market, By Application
8.1 Introduction
8.2 Security and Surveillance
8.3 Smart Payment Systems
8.4 E-Parking
8.5 License Plate Recognition
9 US Smart Parking Market, By End-User
9.1 Introduction
9.2 Commercial
9.3 Government
9.4 Transport Transit
10 US Smart Parking Market, By Hardware
10.1 Introduction
10.2 Pucks
10.3 Cameras and LPRs
10.4 Smart Meters
10.5 Signage
10.6 Parking gate
11 US Smart Parking Market, By Service
11.1 Introduction
11.2 Consulting Services
11.3 Engineering Services
11.4 Mobile App Parking Services
12 US Smart Parking Market, By Software Outlook
12.1 Introduction
12.2 Parking Guidance System
12.3 Analytics Solution
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Aisin Seiki
14.2 Altiux Innovations
14.3 Amano McGann Inc
14.4 CivicSmart, Inc.
14.5 Continental AG
14.6 Daimler AG
14.7 Flowbird
14.8 Get My Parking
14.9 Giken Limited
14.10 Kapsch TrafficCom
14.11 Meter Feeder, Inc.
14.12 Mindteck
14.13 Municipal Parking Services, Inc
14.14 Nedap N.V
14.15 Nwave Technologies Ltd
14.16 Park Assist
14.17 Robert Bosch GmbH
14.18 Secure Parking
14.19 Siemens AG
14.20 Streetline (Kapsch TrafficCom)
14.21 Valeo S.A
14.22 Volkswagen AG
14.23 Xerox Corporation
15 Appendix
15.1 Questionnaire

Companies Mentioned

  • Aisin Seiki
  • Altiux Innovations
  • Amano McGann Inc
  • CivicSmart, Inc.
  • Continental AG
  • Daimler AG
  • Flowbird
  • Get My Parking
  • Giken Limited
  • Kapsch TrafficCom
  • Meter Feeder, Inc.
  • Mindteck
  • Municipal Parking Services, Inc
  • Nedap N.V
  • Nwave Technologies Ltd
  • Park Assist
  • Robert Bosch GmbH
  • Secure Parking
  • Siemens AG
  • Streetline (Kapsch TrafficCom)
  • Valeo S.A
  • Volkswagen AG
  • Xerox Corporation