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PUBLISHER: Grand View Research | PRODUCT CODE: 1404872
PUBLISHER: Grand View Research | PRODUCT CODE: 1404872
North America Smart Parking System Market Size, Share & Trends Analysis By Component (Hardware, Software, Service), By Type (On-street, Off-street), By Application (Commercial, Government, Transport Transit), And Segment Forecasts, 2023 - 2030
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North America Smart Parking System Market Growth & Trends:
The North America smart parking system market size is expected to reach USD 9.62 billion by 2030 registering a CAGR of 20.5%, according to a new report by Grand View Research, Inc. Developing better solutions to avoid congestions and systematic positioning of vehicles across the cities are the key factors driving the market growth in the North America.
The increased use of automobiles and the trend of urbanization are leading to paucity in parking spaces. Technological advancements such as online payments and development of mobile apps for reserving parking slots are instrumental in driving the implementation of smart parking systems.
Numerous benefits offered by smart parking systems such as reduced congestion and reduced pollution are expected to drive the adoption of smart parking systems in North America. These systems involve usage of real-time data collection, low-cost sensors, and smartphone-enabled automated payment systems, which allow drivers to reserve parking in advance.
In places, such as shopping malls, large commercial hubs, and sports and entertainment hubs, there are a large number of vehicles that need to be positioned appropriately to avoid congestions. In such situations, a smart parking system provides directions and accuracy in terms of parking the vehicles to the drivers. In North America, smart parking systems play a vital role in generating better urban environment by minimizing the carbon emission.
North America Smart Parking System Market Report Highlights:
- The hardware segment accounted for the largest revenue share of 54.1% in 2022, as these components are largely deployed in various systems that provide guidance while parking vehicles.
- Several organizations face the issues regarding parking spaces in urban areas. In order to cater to those problems, companies outsource these tasks to the consultancy services that provide solutions as per their requirements.
- Off-street systems are anticipated to gain traction due to the increasing congestions on streets. The segment is expected to witness considerable growth over the forecast period
- The U.S. dominated the market and accounted for the largest revenue share of 85.2% in 2022. The presence of a large number of key market players in the U.S. has resulted in the exceptional growth of smart parking systems in the country.
Product Code: GVR-2-68038-040-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Component
- 1.1.2. Type
- 1.1.3. Application
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Component outlook
- 2.2.2. Type outlook
- 2.2.3. Application outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. North America Smart Parking Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. North America Smart Parking Market Analysis Tools
- 3.4.1. Industry analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
- 3.4.1. Industry analysis - Porter's
Chapter 4. North America Smart Parking Market: Component Estimates & Trend Analysis
- 4.1. North America Smart Parking Market: Key Takeaways
- 4.2. North America Smart Parking Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Hardware
- 4.3.1. Hardware market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.2. Pucks
- 4.3.2.1. Pucks market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.3. Cameras and LPRs
- 4.3.3.1. Cameras and LPRs market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.4. Smart Meters
- 4.3.4.1. Smart meters market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.5. Signage
- 4.3.5.1. Signage market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.3.6. Parking Gate
- 4.3.6.1. Parking gate market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4. Software
- 4.4.1. Software market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4.2. Parking Guidance System
- 4.4.2.1. Parking guidance sysytem market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4.3. Analytics Solution
- 4.4.3.1. Analytics solution market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.5. Service
- 4.5.1. Service market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.5.2. Consulting Services
- 4.5.2.1. Consulting services market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.5.3. Engineering Services
- 4.5.3.1. Engineering services market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.5.4. Mobile App Parking Services
- 4.5.4.1. Mobile app parking services market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. North America Smart Parking Market: Type Estimates & Trend Analysis
- 5.1. North America Smart Parking Market: Key Takeaways
- 5.2. North America Smart Parking Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. On-street Parking
- 5.3.1. On-street parking market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.4. Off-street Parking
- 5.4.1. Off-street parking market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.4.2. Garage Parking
- 5.4.2.1. Garage parking services market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.4.3. Lot Parking
- 5.4.3.1. Lot parking services market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. North America Smart Parking Market: Application Estimates & Trend Analysis
- 6.1. North America Smart Parking Market: Key Takeaways
- 6.2. North America Smart Parking Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Commercial
- 6.3.1. Commercial market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.4. Government
- 6.4.1. Government market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.5. Transport Transit
- 6.5.1. Transport transit market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 7. North America Smart Parking Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. North America Smart Parking Market by Region: Key Takeaway
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. Altiux Innovations Private Limited
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. BMW AG
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. Amano McGann
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. Robert Bosch GmbH
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Siemens
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Conduent, Inc.
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. SKIDATA GmbH.
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. Streetline.
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Cisco Systems, Inc.
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. Parkme, Inc.
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives
- 8.2.11. ParkMobile, LLC.
- 8.2.11.1. Company overview
- 8.2.11.2. Financial performance
- 8.2.11.3. Product benchmarking
- 8.2.11.4. Strategic initiatives
- 8.2.1. Altiux Innovations Private Limited
Product Code: GVR-2-68038-040-8
List of Tables
- Table 1 List of abbreviation
- Table 2 North America smart parking market, by component, 2017 - 2030 (USD Million)
- Table 3 North America smart parking market, by type, 2017 - 2030 (USD Million)
- Table 4 North America smart parking market, by application, 2017 - 2030 (USD Million)
- Table 5 North America smart parking market, by region, 2017 to 2030 (USD Million)
- Table 6 U.S. smart parking market, by component, 2017 - 2030 (USD Million)
- Table 7 U.S. smart parking market, by type, 2017 - 2030 (USD Million)
- Table 8 U.S. smart parking market, by application, 2017 - 2030 (USD Million)
- Table 9 Canada smart parking market, by component, 2017 - 2030 (USD Million)
- Table 10 Canada smart parking market, by type, 2017 - 2030 (USD Million)
- Table 11 Canada smart parking market, by application, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 North America smart parking: Market outlook
- Fig. 9 North America smart parking: Competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Related/ancillary market outlook
- Fig. 12 Penetration and growth prospect mapping
- Fig. 13 Industry value chain analysis
- Fig. 14 North America smart parking market driver impact
- Fig. 15 North America smart parking market restraint impact
- Fig. 16 North America smart parking market strategic initiatives analysis
- Fig. 17 North America smart parking market: Component movement analysis
- Fig. 18 North America smart parking market: Component outlook and key takeaways
- Fig. 19 Hardware market estimates and forecasts, 2017 - 2030
- Fig. 20 Software market estimates and forecasts, 2017 - 2030
- Fig. 21 Service market estimates and forecasts, 2017 - 2030
- Fig. 22 North America smart parking market: Type movement analysis
- Fig. 23 North America smart parking market: Type outlook and key takeaways
- Fig. 24 On-street parking market estimates and forecasts, 2017 - 2030
- Fig. 25 Off-street parking market estimates and forecasts, 2017 - 2030
- Fig. 26 North America smart parking market: Application movement analysis
- Fig. 27 North America smart parking market: Application outlook and key takeaways
- Fig. 28 Commercial market estimates and forecasts, 2017 - 2030
- Fig. 29 Government market estimates and forecasts, 2017 - 2030
- Fig. 30 Transport transit market estimates and forecasts
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