Electric Vehicle (EV)-Ready Parking Guidance Display Global Market Report 2025

The electric vehicle (EV)-ready parking guidance display market size has grown rapidly in recent years. It will grow from $1.39 billion in 2024 to $1.56 billion in 2025 at a compound annual growth rate (CAGR) of 12.3%. The growth during the historic period can be attributed to the increasing adoption of electric vehicles, rising demand for smart parking infrastructure, growing urban congestion, expanding investments in public EV charging networks, and a rise in government initiatives supporting e-mobility.

The electric vehicle (EV)-ready parking guidance display market size is expected to see rapid growth in the next few years. It will grow to $2.45 billion in 2029 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be linked to the increasing integration of IoT in parking systems, greater focus on seamless EV user experiences, a rising number of smart city projects, higher demand for real-time charging availability data, and the expansion of EV charging station networks. Key trends in the forecast period include advancements in AI-based parking analytics, advanced display systems with dynamic content, development of integrated EV charging and parking platforms, innovations in solar-powered display units, and progress in vehicle-to-infrastructure communication.

The increasing adoption of electric vehicles is expected to drive the growth of the electric vehicle (EV)-ready parking guidance display market in the coming years. Electric vehicles, which operate using electricity instead of traditional fuels such as gasoline or diesel, are gaining popularity due to the need to reduce pollution. These vehicles produce fewer harmful emissions, which helps protect the environment and improve air quality. EV-ready parking guidance displays assist electric vehicle drivers by indicating available charging spots, making it easier to find locations to recharge. For example, the International Energy Agency, a Paris-based autonomous intergovernmental organization, reported that in 2023, electric vehicle sales rose by 3.5 million units, marking a 35% year-over-year growth. This surge in EV adoption is contributing to the growth of the EV-ready parking guidance display market.

Companies in the electric vehicle (EV)-ready parking guidance display market are focusing on innovation, such as digital signage displays, to improve the user experience. These displays offer real-time parking availability, efficiently guide drivers to EV charging spots, and enhance the overall experience in public and commercial parking facilities. Digital signage displays are electronic screens used to show dynamic information, advertisements, or real-time updates in various public and private spaces. For instance, in June 2023, LG Business Solutions USA, a US-based subsidiary of LG Electronics, introduced a new digital signage display integrated with the Broadsign OOH advertising platform for EV chargers. This product features a bright 55-inch screen designed for outdoor use, a dual-sided display visible from multiple angles, and durability with IP56 protection and impact-resistant glass. The display aims to help property owners maximize return on investment through advertising while making it easier for users to locate and use EV charging stations.

In April 2024, EV Connect, Inc., a US-based provider of cloud-based software solutions, partnered with Qmerit and Flash to set a new standard for reservable parking and charging experiences. The collaboration between Flash and Qmerit combines Flash’s electric vehicle charging hardware with Qmerit’s expertise in installation and service to deliver seamless, efficient, and scalable EV charging solutions for both residential and commercial markets. Qmerit specializes in EV charging installation, integration, and maintenance services, while FlashParking provides smart parking solutions, digital infrastructure, and management platforms for commercial and municipal parking facilities.

Major players in the electric vehicle (EV)-ready parking guidance display market are Robert Bosch GmbH, Panasonic Corporation, Continental Aktiengesellschaft, Hangzhou Hikvision Digital Technology Co. Ltd., TKH Group N.V., Japan Display Inc., ChargePoint Inc., SKIDATA GmbH, FlashParking Inc., HUB Parking Technology Inc., Circontrol S.A., Quercus Technologies S.L., EV Connect Inc., INDECT Electronics & Distribution GmbH, ParkHelp S.L., Cleverciti Systems GmbH, Parklio d.o.o., Parking Logix Inc., BrightBlu Ltd., Izix Ltd.

North America was the largest region in the electric vehicle (EV)-ready parking guidance display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in electric vehicle (EV)-ready parking guidance display report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the utilities sector, particularly in power generation, grid infrastructure, and renewable energy projects. Higher duties on imported equipment such as turbines, transformers, solar panels, and battery storage systems have increased capital and operational costs for utility providers, forcing them to reconsider project timelines or pass on expenses to consumers through higher energy rates. The water and waste management segments are also affected, with tariffs driving up the cost of essential machinery, piping, and treatment technologies. Additionally, retaliatory tariffs have disrupted global supply chains for critical raw materials like rare earth metals used in clean energy technologies, further complicating the transition to sustainable energy sources. The sector must now prioritize domestic sourcing, digitalization, and efficiency-driven innovations to manage escalating costs while ensuring energy security and regulatory compliance.

The electric vehicle (EV)-ready parking guidance display market research report is one of a series of new reports that provides electric vehicle (EV)-ready parking guidance display market statistics, including the electric vehicle (EV)-ready parking guidance display industry global market size, regional shares, competitors with the electric vehicle (EV)-ready parking guidance display market share, detailed electric vehicle (EV)-ready parking guidance display market segments, market trends, and opportunities, and any further data you may need to thrive in the electric vehicle (EV)-ready parking guidance display industry. This electric vehicle (EV)-ready parking guidance display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

An electric vehicle (EV)-ready parking guidance display assists EV drivers in locating parking spots equipped with charging facilities. It indicates available spaces and directs vehicles to the nearest charging points. The display saves time and reduces stress when parking in crowded areas and supports the growing demand for electric vehicle infrastructure.

The primary types of electric vehicle (EV)-ready parking guidance displays include single-space displays, zone displays, and multi-space displays. A single-space display is an electronic indicator installed at individual parking spots to show availability and guide EV drivers efficiently. These displays use technologies such as light-emitting diode (LED), liquid crystal display (LCD), and others, and can be installed as new systems or retrofits. They are applied in commercial parking, residential parking, public parking, airports, shopping centers, and more, with key end-users including municipalities, parking operators, corporate offices, hospitals, educational institutions, and other organizations.

The countries covered in the electric vehicle (EV)-ready parking guidance display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric vehicle (EV)-ready parking guidance display market consists of revenues earned by entities by providing services such as real-time information on available parking and charging spots, guiding drivers to the nearest electric vehicle chargers, monitoring parking space occupancy, offering reservation and payment options for EV parking, integrating with navigation systems for easy access, and maintaining software updates to ensure accurate and efficient operation. The market value includes the value of related goods sold by the service provider or included within the service offering. The electric vehicle (EV)-ready parking guidance display market also includes sales of digital signage displays, infrared sensors, mobile app interfaces, and software platforms. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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