Smart Parking Market Share, Growth, Trends, Key Players, Investment Opportunities and Future Scope 2030: Markntel Advisors
MarkNtel Advisors has recently published a research report that delves into the Smart Parking Market Research Report: Forecast (2024-2030). This report aims to improve user comprehension and facilitate informed decision-making by thoroughly examining significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. Utilizing both qualitative and quantitative data, the report provides a comprehensive overview, offering detailed growth prospects and succinct insights into competitors to familiarize both established businesses and newcomers with the current market scenario.
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Smart Parking Market Insight and Analysis:
The Global Smart Parking Market size was valued at
USD 6.28 billion in 2023 and is projected to reach USD 24.03 billion by 2030.
Smart
Parking Market Driver:
Global
Smart Parking Market Driver:
Rising Vehicle Ownership Rates Creating – The increasing
purchasing power, growing need for freight transportation, declining interest
rates, rising middle-class consumers in emerging and growing countries, and
deteriorating public transport infrastructure, are leading to the increasing
vehicle ownership across the globe. The technological advancements in the
automotive sector such as improved fuel efficiency, and economic variants with
high-quality engine parts are stimulating the adoption of personal vehicles
among consumers. Automotive giants, such as Toyota, Suzuki, BYD, Tesla, Honda,
BMW, etc., have been producing a vast number of motor vehicles catering to the
demand for automobiles across the globe. For instance:
In 2023, according to the International Organization of
Motor Vehicle Manufacturers (OICA), the worldwide production of motor vehicles
exceeded 93 million in 2023, an increase of around 10% over 2022. Around 68% of
the total vehicles produced were passenger cars.
This rising vehicle adoption among consumers has been
resulting in increased vehicular traffic jams worldwide. Additionally, surging
pollution levels and carbon emissions is creating the need for ready parking
spaces. This, in turn, is pushing the need for smart parking solutions globally
for space management and utilization leading to their adoption and boosting the
growth of the Global Smart Parking Market.
Smart Parking Industry Segmentation:
-By
Component
-Hardware–
Market Size & Analysis, 2019-2030F, USD Million
-Pucks–
Market Size & Analysis, 2019-2030F, USD Million
-Cameras
& LPRs– Market Size & Analysis, 2019-2030F, USD Million
-Smart
Meters– Market Size & Analysis, 2019-2030F, USD Million
-Others
(Signage, Parking Gates, etc.) – Market Size & Analysis, 2019-2030F, USD
Million
-Software–
Market Size & Analysis, 2019-2030F, USD Million
-Parking
Guidance System– Market Size & Analysis, 2019-2030F, USD Million
-Security
& Surveillance– Market Size & Analysis, 2019-2030F, USD Million
-Parking
Reservation Management– Market Size & Analysis, 2019-2030F, USD Million
-Valet
Parking Management– Market Size & Analysis, 2019-2030F, USD Million
-Analytics
& Reporting – Market Size & Analysis, 2019-2030F, USD Million
-Others
(Payment & Billing, Enforcement and Violation Management, etc.)– Market
Size & Analysis, 2019-2030F, USD Million
-Services–
Market Size & Analysis, 2019-2030F, USD Million
-Consulting
Services– Market Size & Analysis, 2019-2030F, USD Million
-Engineering
Services– Market Size & Analysis, 2019-2030F, USD Million
-Others–
Market Size & Analysis, 2019-2030F, USD Million
-By
Technology
-Ultrasonic
Technology– Market Size & Analysis, 2019-2030F, USD Million
-Sensor-based
– Market Size & Analysis, 2019-2030F, USD Million
-RFID–
Market Size & Analysis, 2019-2030F, USD Million
-Others
– Market Size & Analysis, 2019-2030F, USD Million
-By
Parking Type
-On-Street–
Market Size & Analysis, 2019-2030F, USD Million
-Off-Street–
Market Size & Analysis, 2019-2030F, USD Million
-By
Application
-Commercial–
Market Size & Analysis, 2019-2030F, USD Million
-Government–
Market Size & Analysis, 2019-2030F, USD Million
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Geographically
Analysis:
-By
Region
-North
America
-South
America
-Europe
-The
Middle East & Africa
-Asia-Pacific
𝐋𝐢𝐬𝐭
𝐨𝐟
𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭
𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
A thorough examination of the competitive
landscape of the market involves a comprehensive analysis of its key
competitors. This analysis delves deep into each company's profile, financial
achievements, market presence, potential, Research and Development (R&D)
expenditures, recent strategic initiatives in the market, footprint, strengths,
weaknesses, and market dominance. The information provided offers a
comprehensive overview of the leading market players, including Robert Bosch
GmbH, Valeo S.A., Continental AG, Siemens AG, Amano Corporation, Park Assist,
Nedap Identification Systems, AppyWay, Parkeagle B.V, Urbiotica, Swarco,
Altiux, IPS Group, IEM S.A, Inrix, Others
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