Airport Parking Management Market by Component, Product, Deployment

Description

List of Tables

[192 Pages Report] The Airport Parking Management Market size was estimated at USD 3.93 billion in 2023 and expected to reach USD 4.29 billion in 2024, at a CAGR 9.57% to reach USD 7.45 billion by 2030.

Airport parking management is the comprehensive process of planning, organizing, controlling, and monitoring airport parking facilities. This involves implementing effective strategies and advanced technologies to optimize the use of available space, improve customer experience, enhance security measures, and generate revenue for airport authorities. With the rapid growth of air travel worldwide, efficient airport parking management has become crucial to meet the increasing demands for convenient and secure parking options while ensuring seamless operations in an environmentally sustainable manner. However, high capital investments are required for implementing advanced technologies and infrastructural upgrades, which may deter smaller airports from adopting these solutions. The lack of standardized regulations governing airport parking operations across different regions can lead to inconsistencies in service quality and customer experiences. Market players are working on incorporating innovative technology solutions that enhance efficiency and user experience to address these limitations. These can include automated access control systems equipped with license plate recognition (LPR) software that enables quick entry/exit without manual ticketing or validation, smart sensors providing real-time data on occupancy rates guiding drivers toward available spots, mobile applications offering pre-booking options along with navigation assistance, and digital payment platforms allowing contactless transactions. In addition, potential opportunities lie in integrating airport parking management systems with other transportation modes, such as public transit networks or ride-hailing platforms.

KEY MARKET STATISTICS
Base Year [2023]	USD 3.93 billion
Estimated Year [2024]	USD 4.29 billion
Forecast Year [2030]	USD 7.45 billion
CAGR (%)	9.57%

Regional Insights

In the Americas, airport parking management is characterized by advanced technology integration and customer-centered approaches. Regional market players have provided comprehensive parking solutions through extensive networks across major airports in the United States and Canada. They also leverage digital platforms to facilitate online reservations, mobile apps for wayfinding, real-time space availability information, and customer loyalty programs. Another notable trend in this region is the increasing adoption of smart parking systems enabled by Internet of Things (IoT) technology. The Asia-Pacific market presents a diverse landscape of airport parking management due to varying levels of economic development among countries. Developed nations such as Japan and Singapore feature state-of-the-art parking facilities with advanced technologies such as license plate recognition (LPR) systems that ensure quick entry/exit times and efficient space utilization.

In contrast, emerging economies, including India, are adopting parking management to meet the parking requirements from the burgeoning air travel demand. The European airport parking market displays a high degree of maturity and consolidation, with well-established companies dominating the landscape. These providers offer diverse customized solutions tailored to airports' unique requirements, such as pre-booking, valet services, and premium parking options for frequent flyers or business travelers. In the European Union, countries such as Germany, France, Italy, Spain, and the UK demonstrate substantial potential for airport parking management growth due to high passenger traffic and infrastructural support from governments.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Airport Parking Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing demand for optimal parking space utilization
- Need for stress-free and convenient parking for airport customers and visitors
- Rising use of remote parking management services for airports

Market Restraints
- Complex integration with existing third-party systems and infrastructures

Market Opportunities
- Emerging trends and innovations in airport parking operations
- Rapid investment in research activities for advanced parking management solutions

Market Challenges
- Lack of prior infrastructural planning and privacy and security issues

Market Segmentation Analysis
- Product: Increasing adoption of parking fee management systems to improve capacity, maximize revenue and improve traveler experience
- Component: Expanding popularity of modern airport parking management software solutions promote optimization of parking spaces
- Deployment: Evolving penetration of cloud-based airport parking management solutions

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Airport Parking Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Airport Parking Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Airtel and Park+ partner to offer FASTag solutions at Bhubaneswar airport

Airtel Payments Bank partnered with Park+ to launch a FASTag-based smart parking solution at Biju Patnaik International Airport in Bhubaneswar, India. This partnership aims to simplify and expedite the payment process for airport parking by enabling automatic cashless transactions through the vehicle owner's valid FASTag. This initiative demonstrates a promising step toward efficient cashless payments and enhanced customer experiences in airport parking management across India. [Published On: 2023-07-11]

Parking platform sold to airport group

ParkVia has been acquired by CAVU, a division of the Manchester Airports Group. The deal aligns with CAVU's strategic objective to become the top provider of airport products and services. The acquisition facilitated growth in CAVU's already extensive airport parking inventory globally and broadened its presence in Europe. This acquisition exemplifies Mercia's private equity model and supports business growth to achieve positive results while extending Manchester Airport Group's influence within the airport car park booking market. [Published On: 2023-06-01]

Bosch and APCOA to provide automated valet parking technology in parking garages across Germany

Bosch and APCOA have announced plans to expand their automated valet parking technology following its approval for commercial use at Stuttgart airport's P6 parking garage. The innovative, infrastructure-based SAE Level 4 parking system is scheduled for installation in 15 additional parking garages across Germany, ranging from Hamburg to Munich, with work commencing in 2023. The strategic partnership between Bosch and APCOA also includes a modular system that permits rapid scalability up to 200 parking bays featuring cutting-edge technology at each of the 15 locations. [Published On: 2023-01-23]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Airport Parking Management Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Airport Parking Management Market, highlighting leading vendors and their innovative profiles. These include ABM Industries Incorporated, AirGarage, Inc., Amano Corporation, APCOA PARKING Holdings GmbH, Autopay Technologies AS, Cleverciti Systems GmbH, Cubic Corporation, DESIGNA Verkehrsleittechnik GmbH, EasyPark Group, FlashParking, Inc., Glops, Honeywell International Inc., International Business Machines Corporation, MobITSolutions, Parklio d.o.o., Parquery AG, Platinum Parking, Propark Mobility, REEF Technology Inc., Siemens AG, SKIDATA GmbH, Smart Parking Limited, SpotHero, Inc., SWARCO AG, T2 Systems, Inc. by Verra Mobility Corporation, Uber Technologies Inc., VersionX Innovations Private Ltd., and WPS Holding BV.

Market Segmentation & Coverage

This research report categorizes the Airport Parking Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Services
  - Deployment & Customization
  - Support & Maintenance

Software
- Parking Information Systems
- Parking Payment Systems
- Revenue Control & Automatic Access

Product
- Parking Fee & Revenue Management
- Parking Guidance & Slot Management
- Security & Surveillance
- Valet Parking Management

Deployment
- On-Cloud
- On-Premise

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-4312A385A478

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for optimal parking space utilization
  - 5.1.1.2. Need for stress-free and convenient parking for airport customers and visitors
  - 5.1.1.3. Rising use of remote parking management services for airports
- 5.1.2. Restraints
  - 5.1.2.1. Complex integration with existing third-party systems and infrastructures
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging trends and innovations in airport parking operations
  - 5.1.3.2. Rapid investment in research activities for advanced parking management solutions
- 5.1.4. Challenges
  - 5.1.4.1. Lack of prior infrastructural planning and privacy and security issues
5.2. Market Segmentation Analysis
- 5.2.1. Product: Increasing adoption of parking fee management systems to improve capacity, maximize revenue and improve traveler experience
- 5.2.2. Component: Expanding popularity of modern airport parking management software solutions promote optimization of parking spaces
- 5.2.3. Deployment: Evolving penetration of cloud-based airport parking management solutions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Airport Parking Management Market, by Component

6.1. Introduction
6.2. Services
6.3. Software

7. Airport Parking Management Market, by Product

7.1. Introduction
7.2. Parking Fee & Revenue Management
7.3. Parking Guidance & Slot Management
7.4. Security & Surveillance
7.5. Valet Parking Management

8. Airport Parking Management Market, by Deployment

8.1. Introduction
8.2. On-Cloud
8.3. On-Premise

9. Americas Airport Parking Management Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Airport Parking Management Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Airport Parking Management Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Airtel and Park+ partner to offer FASTag solutions at Bhubaneswar airport
- 12.3.2. Parking platform sold to airport group
- 12.3.3. Bosch and APCOA to provide automated valet parking technology in parking garages across Germany
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio