North America Smart Parking Systems Market Size, Share & Trends Analysis Report By Software, (Parking Guidance System, and Analytics Solutions), By Type, By Service, By Hardware, By Application, By Country and Growth Forecast, 2024

List of Tables

The North America Smart Parking System Market would witness market growth of 20.8% CAGR during the forecast period (2024-2031).

The US market dominated the North America Smart Parking System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,308.3 million by 2031. The Canada market is experiencing a CAGR of 23.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 22.4% during (2024 - 2031).

The rapid advancement of technology across multiple sectors has dramatically reshaped urban infrastructure and mobility solutions. Among these technological innovations, smart parking systems have emerged as a transformative force in addressing one of the most pressing urban challenges-parking management.

Using in-ground sensors, cameras, and other detection technologies, smart parking systems can precisely monitor occupancy status and direct drivers to the nearest available space. This reduces the time spent searching for parking, easing traffic congestion and lowering vehicle emissions. Furthermore, these systems are typically integrated with automated payment solutions, offering users a seamless, cashless parking experience.

The region's major urban centers face mounting challenges related to traffic congestion and limited parking availability. According to the 'A novel parking management system, for smart cities, to save fuel, time, and money' paper, in the USA, over 70 billion dollars are wasted every year searching for parking, equal to 3.6 billion hours and 1.7 billion gallons of fuel. To address these issues, cities across the U.S., Canada, and Mexico are deploying intelligent parking solutions powered by IoT sensors, AI, and automation technologies. In the United States, the Smart City Challenge program, launched by the U.S. Department of Transportation in 2015, catalyzed advancements in urban mobility, including the deployment of these systems. Columbus, Ohio, the challenge winner, implemented comprehensive smart parking solutions that integrated mobile apps, dynamic pricing, and real-time availability tracking. Major airports like San Francisco International (SFO) and Los Angeles International (LAX) have also adopted automated parking guidance systems, utilizing License Plate Recognition (LPR) technology to streamline vehicle entry and exit, improving flow and minimizing congestion. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.

Based on Software, the market is segmented into Parking Guidance System, and Analytics Solutions. Based on Type, the market is segmented into On-street, and Off-street (Garage Parking, and Lot Parking). Based on Service, the market is segmented into Consulting Service, Engineering Service, and Mobile App Parking Service. Based on Hardware, the market is segmented into Smart Meters, Cameras & LPRs, Pucks (Wireless Sensors), Signage, and Parking Gates. Based on Application, the market is segmented into Commercial, Government, and Transport Transit. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

BMW AG
Cisco Systems, Inc.
Kapsch TrafficCom AG
Libelium Comunicaciones Distribuidas S.L.
Nedap N.V.
Robert Bosch GmbH
Siemens AG
SWARCO AG
INRIX, Inc.
Continental AG

North America Smart Parking System Market Report Segmentation

By Software

Parking Guidance System
Analytics Solutions

By Type

On-street
Off-street
- Garage Parking
- Lot Parking

By Service

Consulting Service
Engineering Service
Mobile App Parking Service

By Hardware

Smart Meters
Cameras & LPRs
Pucks (Wireless Sensors)
Signage
Parking Gates

By Application

Commercial
Government
Transport Transit

By Country

US
Canada
Mexico
Rest of North America

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Smart Parking System Market, by Software
- 1.4.2 North America Smart Parking System Market, by Type
- 1.4.3 North America Smart Parking System Market, by Service
- 1.4.4 North America Smart Parking System Market, by Hardware
- 1.4.5 North America Smart Parking System Market, by Application
- 1.4.6 North America Smart Parking System Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. North America Smart Parking System Market by Software

4.1 North America Parking Guidance System Market by Region
4.2 North America Analytics Solutions Market by Region

Chapter 5. North America Smart Parking System Market by Type

5.1 North America On-street Market by Country
5.2 North America Off-street Market by Country
5.3 North America Smart Parking System Market by Off-street Type
- 5.3.1 North America Garage Parking Market by Country
- 5.3.2 North America Lot Parking Market by Country

Chapter 6. North America Smart Parking System Market by Service

6.1 North America Consulting Service Market by Country
6.2 North America Engineering Service Market by Country
6.3 North America Mobile App Parking Service Market by Country

Chapter 7. North America Smart Parking System Market by Hardware

7.1 North America Smart Meters Market by Country
7.2 North America Cameras & LPRs Market by Country
7.3 North America Pucks (Wireless Sensors) Market by Country
7.4 North America Signage Market by Country
7.5 North America Parking Gates Market by Country

Chapter 8. North America Smart Parking System Market by Application

8.1 North America Commercial Market by Country
8.2 North America Government Market by Country
8.3 North America Transport Transit Market by Country

Chapter 9. North America Smart Parking System Market by Country

9.1 US Smart Parking System Market
- 9.1.1 US Smart Parking System Market by Software
- 9.1.2 US Smart Parking System Market by Type
  - 9.1.2.1 US Smart Parking System Market by Off-street Type
- 9.1.3 US Smart Parking System Market by Service
- 9.1.4 US Smart Parking System Market by Hardware
- 9.1.5 US Smart Parking System Market by Application
9.2 Canada Smart Parking System Market
- 9.2.1 Canada Smart Parking System Market by Software
- 9.2.2 Canada Smart Parking System Market by Type
  - 9.2.2.1 Canada Smart Parking System Market by Off-street Type
- 9.2.3 Canada Smart Parking System Market by Service
- 9.2.4 Canada Smart Parking System Market by Hardware
- 9.2.5 Canada Smart Parking System Market by Application
9.3 Mexico Smart Parking System Market
- 9.3.1 Mexico Smart Parking System Market by Software
- 9.3.2 Mexico Smart Parking System Market by Type
  - 9.3.2.1 Mexico Smart Parking System Market by Off-street Type
- 9.3.3 Mexico Smart Parking System Market by Service
- 9.3.4 Mexico Smart Parking System Market by Hardware
- 9.3.5 Mexico Smart Parking System Market by Application
9.4 Rest of North America Smart Parking System Market
- 9.4.1 Rest of North America Smart Parking System Market by Software
- 9.4.2 Rest of North America Smart Parking System Market by Type
  - 9.4.2.1 Rest of North America Smart Parking System Market by Off-street Type
- 9.4.3 Rest of North America Smart Parking System Market by Service
- 9.4.4 Rest of North America Smart Parking System Market by Hardware
- 9.4.5 Rest of North America Smart Parking System Market by Application

Chapter 10. Company Profiles

10.1 BMW AG
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 SWOT Analysis
10.2 Cisco Systems, Inc.
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Regional Analysis
- 10.2.4 Research & Development Expense
- 10.2.5 SWOT Analysis
10.3 Kapsch TrafficCom AG
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expense
10.4 Libelium Comunicaciones Distribuidas S.L.
- 10.4.1 Company Overview
10.5 Nedap N.V.
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Regional Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 SWOT Analysis
10.6 Robert Bosch GmbH
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expense
- 10.6.5 SWOT Analysis
10.7 Siemens AG
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expense
- 10.7.5 SWOT Analysis
10.8 SWARCO AG
- 10.8.1 Company Overview
- 10.8.2 SWOT Analysis
10.9 Inrix, Inc.
- 10.9.1 Company Overview
10.10. Continental AG
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expense
- 10.10.5 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Smart Parking System Market, 2020 - 2023, USD Million
TABLE 2 North America Smart Parking System Market, 2024 - 2031, USD Million
TABLE 3 North America Smart Parking System Market by Software, 2020 - 2023, USD Million
TABLE 4 North America Smart Parking System Market by Software, 2024 - 2031, USD Million
TABLE 5 North America Parking Guidance System Market by Region, 2020 - 2023, USD Million
TABLE 6 North America Parking Guidance System Market by Region, 2024 - 2031, USD Million
TABLE 7 North America Analytics Solutions Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Analytics Solutions Market by Region, 2024 - 2031, USD Million
TABLE 9 North America Smart Parking System Market by Type, 2020 - 2023, USD Million
TABLE 10 North America Smart Parking System Market by Type, 2024 - 2031, USD Million
TABLE 11 North America On-street Market by Country, 2020 - 2023, USD Million
TABLE 12 North America On-street Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Off-street Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Off-street Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Smart Parking System Market by Off-street Type, 2020 - 2023, USD Million
TABLE 16 North America Smart Parking System Market by Off-street Type, 2024 - 2031, USD Million
TABLE 17 North America Garage Parking Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Garage Parking Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Lot Parking Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Lot Parking Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Smart Parking System Market by Service, 2020 - 2023, USD Million
TABLE 22 North America Smart Parking System Market by Service, 2024 - 2031, USD Million
TABLE 23 North America Consulting Service Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Consulting Service Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Engineering Service Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Engineering Service Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Mobile App Parking Service Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Mobile App Parking Service Market by Country, 2024 - 2031, USD Million
TABLE 29 North America Smart Parking System Market by Hardware, 2020 - 2023, USD Million
TABLE 30 North America Smart Parking System Market by Hardware, 2024 - 2031, USD Million
TABLE 31 North America Smart Meters Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Smart Meters Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Cameras & LPRs Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Cameras & LPRs Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Pucks (Wireless Sensors) Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Pucks (Wireless Sensors) Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Signage Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Signage Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Parking Gates Market by Country, 2020 - 2023, USD Million
TABLE 40 North America Parking Gates Market by Country, 2024 - 2031, USD Million
TABLE 41 North America Smart Parking System Market by Application, 2020 - 2023, USD Million
TABLE 42 North America Smart Parking System Market by Application, 2024 - 2031, USD Million
TABLE 43 North America Commercial Market by Country, 2020 - 2023, USD Million
TABLE 44 North America Commercial Market by Country, 2024 - 2031, USD Million
TABLE 45 North America Government Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Government Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Transport Transit Market by Country, 2020 - 2023, USD Million
TABLE 48 North America Transport Transit Market by Country, 2024 - 2031, USD Million
TABLE 49 North America Smart Parking System Market by Country, 2020 - 2023, USD Million
TABLE 50 North America Smart Parking System Market by Country, 2024 - 2031, USD Million
TABLE 51 US Smart Parking System Market, 2020 - 2023, USD Million
TABLE 52 US Smart Parking System Market, 2024 - 2031, USD Million
TABLE 53 US Smart Parking System Market by Software, 2020 - 2023, USD Million
TABLE 54 US Smart Parking System Market by Software, 2024 - 2031, USD Million
TABLE 55 US Smart Parking System Market by Type, 2020 - 2023, USD Million
TABLE 56 US Smart Parking System Market by Type, 2024 - 2031, USD Million
TABLE 57 US Smart Parking System Market by Off-street Type, 2020 - 2023, USD Million
TABLE 58 US Smart Parking System Market by Off-street Type, 2024 - 2031, USD Million
TABLE 59 US Smart Parking System Market by Service, 2020 - 2023, USD Million
TABLE 60 US Smart Parking System Market by Service, 2024 - 2031, USD Million
TABLE 61 US Smart Parking System Market by Hardware, 2020 - 2023, USD Million
TABLE 62 US Smart Parking System Market by Hardware, 2024 - 2031, USD Million
TABLE 63 US Smart Parking System Market by Application, 2020 - 2023, USD Million
TABLE 64 US Smart Parking System Market by Application, 2024 - 2031, USD Million
TABLE 65 Canada Smart Parking System Market, 2020 - 2023, USD Million
TABLE 66 Canada Smart Parking System Market, 2024 - 2031, USD Million
TABLE 67 Canada Smart Parking System Market by Software, 2020 - 2023, USD Million
TABLE 68 Canada Smart Parking System Market by Software, 2024 - 2031, USD Million
TABLE 69 Canada Smart Parking System Market by Type, 2020 - 2023, USD Million
TABLE 70 Canada Smart Parking System Market by Type, 2024 - 2031, USD Million
TABLE 71 Canada Smart Parking System Market by Off-street Type, 2020 - 2023, USD Million
TABLE 72 Canada Smart Parking System Market by Off-street Type, 2024 - 2031, USD Million
TABLE 73 Canada Smart Parking System Market by Service, 2020 - 2023, USD Million
TABLE 74 Canada Smart Parking System Market by Service, 2024 - 2031, USD Million
TABLE 75 Canada Smart Parking System Market by Hardware, 2020 - 2023, USD Million
TABLE 76 Canada Smart Parking System Market by Hardware, 2024 - 2031, USD Million
TABLE 77 Canada Smart Parking System Market by Application, 2020 - 2023, USD Million
TABLE 78 Canada Smart Parking System Market by Application, 2024 - 2031, USD Million
TABLE 79 Mexico Smart Parking System Market, 2020 - 2023, USD Million
TABLE 80 Mexico Smart Parking System Market, 2024 - 2031, USD Million
TABLE 81 Mexico Smart Parking System Market by Software, 2020 - 2023, USD Million
TABLE 82 Mexico Smart Parking System Market by Software, 2024 - 2031, USD Million
TABLE 83 Mexico Smart Parking System Market by Type, 2020 - 2023, USD Million
TABLE 84 Mexico Smart Parking System Market by Type, 2024 - 2031, USD Million
TABLE 85 Mexico Smart Parking System Market by Off-street Type, 2020 - 2023, USD Million
TABLE 86 Mexico Smart Parking System Market by Off-street Type, 2024 - 2031, USD Million
TABLE 87 Mexico Smart Parking System Market by Service, 2020 - 2023, USD Million
TABLE 88 Mexico Smart Parking System Market by Service, 2024 - 2031, USD Million
TABLE 89 Mexico Smart Parking System Market by Hardware, 2020 - 2023, USD Million
TABLE 90 Mexico Smart Parking System Market by Hardware, 2024 - 2031, USD Million
TABLE 91 Mexico Smart Parking System Market by Application, 2020 - 2023, USD Million
TABLE 92 Mexico Smart Parking System Market by Application, 2024 - 2031, USD Million
TABLE 93 Rest of North America Smart Parking System Market, 2020 - 2023, USD Million
TABLE 94 Rest of North America Smart Parking System Market, 2024 - 2031, USD Million
TABLE 95 Rest of North America Smart Parking System Market by Software, 2020 - 2023, USD Million
TABLE 96 Rest of North America Smart Parking System Market by Software, 2024 - 2031, USD Million
TABLE 97 Rest of North America Smart Parking System Market by Type, 2020 - 2023, USD Million
TABLE 98 Rest of North America Smart Parking System Market by Type, 2024 - 2031, USD Million
TABLE 99 Rest of North America Smart Parking System Market by Off-street Type, 2020 - 2023, USD Million
TABLE 100 Rest of North America Smart Parking System Market by Off-street Type, 2024 - 2031, USD Million
TABLE 101 Rest of North America Smart Parking System Market by Service, 2020 - 2023, USD Million
TABLE 102 Rest of North America Smart Parking System Market by Service, 2024 - 2031, USD Million
TABLE 103 Rest of North America Smart Parking System Market by Hardware, 2020 - 2023, USD Million
TABLE 104 Rest of North America Smart Parking System Market by Hardware, 2024 - 2031, USD Million
TABLE 105 Rest of North America Smart Parking System Market by Application, 2020 - 2023, USD Million
TABLE 106 Rest of North America Smart Parking System Market by Application, 2024 - 2031, USD Million
TABLE 107 key information - BMW AG
TABLE 108 Key Information - Cisco Systems, Inc.
TABLE 109 Key Information - Kapsch TrafficCom AG
TABLE 110 Key Information - Libelium Comunicaciones Distribuidas S.L.
TABLE 111 key information - Nedap N.V.
TABLE 112 Key Information - Robert Bosch GmbH
TABLE 113 Key Information - Siemens AG
TABLE 114 Key Information - SWARCO AG
TABLE 115 Key Information - inrix, Inc.
TABLE 116 Key Information - Continental AG

LIST OF FIGURES

FIG 1 Methodology for the research
FIG 2 North America Smart Parking System Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Smart Parking System Market
FIG 4 Porter's Five Forces Analysis - Smart Parking System Market
FIG 5 North America Smart Parking System Market share by Software, 2023
FIG 6 North America Smart Parking System Market share by Software, 2031
FIG 7 North America Smart Parking System Market by Software, 2020 - 2031, USD Million
FIG 8 North America Smart Parking System Market share by Type, 2023
FIG 9 North America Smart Parking System Market share by Type, 2031
FIG 10 North America Smart Parking System Market by Type, 2020 - 2031, USD Million
FIG 11 North America Smart Parking System Market share by Service, 2023
FIG 12 North America Smart Parking System Market share by Service, 2031
FIG 13 North America Smart Parking System Market by Service, 2020 - 2031, USD Million
FIG 14 North America Smart Parking System Market share by Hardware, 2023
FIG 15 North America Smart Parking System Market share by Hardware, 2031
FIG 16 North America Smart Parking System Market by Hardware, 2020 - 2031, USD Million
FIG 17 North America Smart Parking System Market share by Application, 2023
FIG 18 North America Smart Parking System Market share by Application, 2031
FIG 19 North America Smart Parking System Market by Application, 2020 - 2031, USD Million
FIG 20 North America Smart Parking System Market share by Country, 2023
FIG 21 North America Smart Parking System Market share by Country, 2031
FIG 22 North America Smart Parking System Market by Country, 2020 - 2031, USD Million
FIG 23 SWOT Analysis: BMW AG
FIG 24 SWOT Analysis: Cisco Systems, Inc.
FIG 25 SWOT Analysis: Nedap N.V.
FIG 26 SWOT Analysis: Robert Bosch GmbH
FIG 27 SWOT Analysis: Siemens AG
FIG 28 SWOT Analysis: SWARCO AG
FIG 29 SWOT Analysis: Continental AG

North America Smart Parking Systems Market Size, Share & Trends Analysis Report By Software, (Parking Guidance System, and Analytics Solutions), By Type, By Service, By Hardware, By Application, By Country and Growth Forecast, 2024 - 2031

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