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Global Smart Parking Market Regional Analysis, Technology Trend and Growth Rate Report 2027

Smart parking system is helpful to driver to find vacant spot and the system collects real time data through sensors installed in each parking space that enables detection of presence or absence of vehicles. This system directs drivers to available locations. This system is time saving, time-efficient, and convenient automation of parking facilities.

Rise in number of vehicles across the globe and shrinking availability of on-street parking space are the key driving factors which are expected to boost the global smart parking market growth. Furthermore, increase in adoption of smart parking systems in parking garages, and multistoried parking facilities will have the positive impact on market growth. Moreover, rise in demand for integrated automated solutions with technological advancements will fuel the market growth during this forecast period. In addition to that, increase in demand for Internet of Things (IoT) and high adoption rate in number of vehicles will propel the market growth.

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However, high installation cost is the challenging factor for market which is expected to hamper the global smart parking market growth. Also, lack of awareness regarding advantages of smart parking systems in underdeveloped region will affect the market growth.

Market Key Players

Various key players are discussed in this report such as 3M Company, Cubic Corporation,  Bosch, BMW Group, Siemens, Xerox Corporation, Kapsch TrafficCom AG, Swarco AG, Nortek Control Systems Ltd, and Amano Corporation.

Market Taxonomy

By Type

  • On-Street
  • Off-Street

By Technology

  • IoT
  • Ultrasonic
  • RFID

By Application

  • Security & Surveillance
  • E-Parking
  • Smart Payment System
  • License Plate Recognition

By End User

  • Government
  • Commercial

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Global Smart Parking Market TOC

1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope

2 Research Methodology

2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources

3 Executive Summary
4 Global Smart Parking Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 Global Smart Parking Market, By Type
5.1 Y-o-Y Growth Comparison, By Type

5.2 Global Smart Parking Market Share Analysis, By Type

5.3 Global Smart Parking Market Size and Forecast, By Type
5.3.1 on-Street
5.3.2 Off-Street

6 Global Smart Parking Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology

6.2 Global Smart Parking Market Share Analysis, By Technology

6.3 Global Smart Parking Market Size and Forecast, By Technology
6.3.1 IoT
6.3.2 Ultrasonic

6.3.3 RFID
7 Global Smart Parking Market, By Application
7.1 Y-o-Y Growth Comparison, By Application

7.2 Global Smart Parking Market Share Analysis, By Application

7.3 Global Smart Parking Market Size and Forecast, By Application
7.3.1 Security & Surveillance
7.3.2 E-Parking

73.3. Smart Payment System

7.3.4License Plate Recognition
8 Global Smart Parking Market, By End User
8.1 Y-o-Y Growth Comparison, By End User

8.2 Global Smart Parking Market Share Analysis, By End User

8.3 Global Smart Parking Market Size and Forecast, By End User
8.3.1 Government

8.3.2 Commercial
9Global Smart Parking Market, By Region
9.1 Global Smart Parking Market Share Analysis, By Region

9.2 Global Smart Parking Market Share Analysis, By Region

9.3 Global Smart Parking Market Size and Forecast, By Region

10 North America Smart Parking Analysis and Forecast (2017 – 2027)
10.1 Introduction

10.2 North America Smart Parking Market Share Analysis, By Type

10.3 North America Smart Parking Market Size and Forecast, By Technology

10.4 North America Smart Parking Market Size and Forecast, By Application

10.5 North America Smart Parking Market Size and Forecast, By End User

10.6 North America Smart Parking Market Size and Forecast, By Country

10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico

11Europe Smart Parking Market Analysis and Forecast (2017 – 2027)
11.1 Introduction

11.2 Europe Smart Parking Market Share Analysis, By Type

11.3 Europe Smart Parking Market Size and Forecast, By Technology

11.4 Europe Smart Parking Market Size and Forecast, By Application

11.5 Europe Smart Parking Market Size and Forecast, By End User

11.6 Europe Smart Parking Market Size and Forecast, By Country

11.6.1 Germany
11.6.2 France
11.6.3 UK

11.64. Rest of Europe

12Asia Pacific Smart Parking Market Analysis and Forecast (2017 – 2027)
12.1 Introduction

12.2 Asia Pacific Smart Parking Market Share Analysis, By Type

12.3 Asia Pacific Smart Parking Market Size and Forecast, By Technology

12.4 Asia Pacific Smart Parking Market Size and Forecast, By Application

12.5 Asia Pacific Smart Parking Market Size and Forecast, By End User

12.6 Asia Pacific Smart Parking Market Size and Forecast, By Country

12.6.1 China
12.6.2 Japan
12.6.3 India

12.6.4. Rest of Asia Pacific

13Latin America Smart Parking Market Analysis and Forecast (2017 – 2027)
13.1 Introduction

13.2 Latin America Smart Parking Market Share Analysis, By Type

13.3 Latin America Smart Parking Market Size and Forecast, By Technology

13.4 Latin America Smart Parking Market Size and Forecast, By Application

13.5 Latin America Smart Parking Market Size and Forecast, By End User

13.6 Latin America Smart Parking Market Size and Forecast, By Country

14Middle East Smart Parking Market Analysis and Forecast (2017 – 2027)
14.1 Introduction

14.2 Middle East Smart Parking Market Share Analysis, By Type

14.3 Middle East Smart Parking Market Size and Forecast, By Technology

14.4 Middle East Smart Parking Market Size and Forecast, By Application

14.5 Middle East Smart Parking Market Size and Forecast, By End User

14.6 Middle East Smart Parking Market Size and Forecast, By Country

15Competitive Analysis

 

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