Global Smart Parking Systems Market to reach USD 17.2 billion by 2027.

Global Smart Parking Systems Market Size study, by Hardware (Pucks (Wireless Sensors) Cameras & LPRs, Smart Meters, Signage and Parking Gates), by Software (Parking Guidance System and Analytics Solutions), by Service (Consulting Service, Engineering Service and Mobile App Parking Service), by Type (On-street and Off-street), by Application (Commercial, Government and Transport Transit), and Regional Forecasts 2021-2027
Product Code:  ALATAE_24928339
 Chapter 1.	Executive Summary 
1.1.	Market Snapshot
1.2.	Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1.	Smart Parking Systems Market , by Region, 2019-2027 (USD Billion)
1.2.2.	Smart Parking Systems Market, by Hardware, 2019-2027 (USD Billion)
1.2.3.	Smart Parking Systems Market, by Software , 2019-2027 (USD Billion)
1.2.4.	Smart Parking Systems Market, by Service, 2019-2027 (USD Billion)
1.2.5.	Smart Parking Systems Market, by Type, 2019-2027 (USD Billion)
1.2.6.	Smart Parking Systems Market, by Application, 2019-2027 (USD Billion)
1.3.	Key Trends
1.4.	Estimation Methodology
1.5.	Research Assumption
Chapter 2.	Global Smart Parking Systems Market Definition and Scope 
2.1.	Objective of the Study
2.2.	Market Definition & Scope
2.2.1.	Scope of the Study
2.2.2.	Industry Evolution
2.3.	Years Considered for the Study
2.4.	Currency Conversion Rates
Chapter 3.	Global Smart Parking Systems Market  Dynamics	
3.1.	Smart Parking Systems Market Impact Analysis (2019-2027)
3.1.1.	Market Drivers
3.1.1.1.	Growing number of vehicles   
3.1.1.2.	Rising deployment of smart parking system  
3.1.2.	Market Restraint
3.1.2.1.	High cost of purchase and installation   
3.1.3.	Market Opportunities
3.1.3.1.	Growth in demand for Internet of Things (IoT) technology based solutions  
Chapter 4.	Global Smart Parking Systems Market  Industry Analysis
4.1.	Porter’s 5 Force Model
4.1.1.	Bargaining Power of Suppliers
4.1.2.	Bargaining Power of Buyers
4.1.3.	Threat of New Entrants
4.1.4.	Threat of Substitutes
4.1.5.	Competitive Rivalry
4.1.6.	Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2.	PEST Analysis
4.2.1.	Political 
4.2.2.	Economical
4.2.3.	Social 
4.2.4.	Technological 
4.3.	Investment Adoption Model
4.4.	Analyst Recommendation & Conclusion
Chapter 5.	Global Smart Parking Systems Market, by Hardware
5.1.	Market Snapshot 
5.2.	Global Smart Parking Systems Market  by   Hardware, Performance - Potential Analysis
5.3.	Global Smart Parking Systems Market  Estimates & Forecasts by   Hardware  2018-2027 (USD Billion)
5.4.	Smart Parking Systems Market , Sub Segment Analysis
5.4.1.	Pucks (Wireless Sensors)
5.4.2.	Cameras & LPRs
5.4.3.	Smart Meters
5.4.4.	Signage
5.4.5.	Parking Gates
Chapter 6.	Global Smart Parking Systems Market, by Software
a.	Market Snapshot 
6.1.	Global Smart Parking Systems Market  by   Software, Performance - Potential Analysis
6.2.	Global Smart Parking Systems Market  Estimates & Forecasts by  Software 2018-2027 (USD Billion)
6.3.	Smart Parking Systems Market , Sub Segment Analysis
6.3.1.	Parking Guidance System
6.3.2.	Analytics Solutions
Chapter 7.	Global Smart Parking Systems Market, by Service
b.	Market Snapshot 
7.1.	Global Smart Parking Systems Market  by  Service, Performance - Potential Analysis
7.2.	Global Smart Parking Systems Market  Estimates & Forecasts by  Service 2018-2027 (USD Billion)
7.3.	Smart Parking Systems Market , Sub Segment Analysis
7.3.1.	Consulting Service
7.3.2.	Engineering Service
7.3.3.	Mobile App Parking Service
Chapter 8.	Global Smart Parking Systems Market, by Type
c.	Market Snapshot 
8.1.	Global Smart Parking Systems Market  by  Type, Performance - Potential Analysis
8.2.	Global Smart Parking Systems Market  Estimates & Forecasts by Type 2018-2027 (USD Billion)
8.3.	Smart Parking Systems Market , Sub Segment Analysis
8.3.1.	On-street
8.3.2.	Off-street
Chapter 9.	Global Smart Parking Systems Market, by Application
d.	Market Snapshot 
9.1.	Global Smart Parking Systems Market  by  Application, Performance - Potential Analysis
9.2.	Global Smart Parking Systems Market  Estimates & Forecasts by Application 2018-2027 (USD Billion)
9.3.	Smart Parking Systems Market , Sub Segment Analysis
9.3.1.	Commercial
9.3.2.	Government
9.3.3.	Transport Transit
Chapter 10.	Global Smart Parking Systems Market, Regional Analysis
10.1.	Smart Parking Systems Market , Regional Market Snapshot 
10.2.	North America Smart Parking Systems Market  
10.2.1.	U.S. Smart Parking Systems Market 
10.2.1.1.	Hardware breakdown estimates & forecasts, 2018-2027
10.2.1.2.	Software breakdown estimates & forecasts, 2018-2027
10.2.1.3.	Service breakdown estimates & forecasts, 2018-2027
10.2.1.4.	Type breakdown estimates & forecasts, 2018-2027
10.2.1.5.	Application breakdown estimates & forecasts, 2018-2027
10.2.2.	Canada Smart Parking Systems Market 
10.3.	Europe Smart Parking Systems Market  Snapshot
10.3.1.	U.K. Smart Parking Systems Market  
10.3.2.	Germany Smart Parking Systems Market 
10.3.3.	France Smart Parking Systems Market 
10.3.4.	Spain Smart Parking Systems Market 
10.3.5.	Italy Smart Parking Systems Market 
10.3.6.	Rest of Europe Smart Parking Systems Market 
10.4.	Asia-Pacific Smart Parking Systems Market  Snapshot
10.4.1.	China Smart Parking Systems Market  
10.4.2.	India Smart Parking Systems Market  
10.4.3.	Japan Smart Parking Systems Market 
10.4.4.	Australia Smart Parking Systems Market 
10.4.5.	South Korea Smart Parking Systems Market 
10.4.6.	Rest of Asia Pacific Smart Parking Systems Market 
10.5.	Latin America Smart Parking Systems Market  Snapshot
10.5.1.	Brazil Smart Parking Systems Market 
10.5.2.	Mexico Smart Parking Systems Market 
10.6.	Rest of The World Smart Parking Systems Market 
Chapter 11.	Competitive Intelligence
11.1.	Top Market Strategies
11.2.	Company Profiles
11.2.1.	Alpek S.A.B. de C.V.           
11.2.1.1.	Key Information
11.2.1.2.	Overview
11.2.1.3.	Financial (Subject to Data Availability)
11.2.1.4.	Product Summary
11.2.1.5.	Recent Developments
11.2.2.	 Bombay Dyeing                   
11.2.3.	 Diyou Fibre (M) Sdn Bhd                
11.2.4.	 Far Eastern Group                 
11.2.5.	Indorama Ventures Public Company Limited                  
11.2.6.	 Nirmal Fibres (P) Ltd.
11.2.7.	Reliance Industries Limited
11.2.8.	 Shubhalakshmi Polyesters Ltd                   
11.2.9.	 Tongkun Group Co., Ltd.                  
11.2.10.	 W. Barnet GmbH & Co. KG                  

Chapter 12.	Research Process
12.1.	Research Process
12.1.1.	Data Mining
12.1.2.	Analysis
12.1.3.	Market Estimation
12.1.4.	Validation
12.1.5.	Publishing
12.2.	Research Attributes
12.3.	Research Assumption

Global Smart Parking Systems Market is valued approximately at USD 4.4 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 21.5% over the forecast period 2021-2027. Smart parking systems assists drivers for safe parking. With the help of embedded software and sensors available space in parking slot is indicted by sign or symbol. Also, the vacant space is notified to the driver correctly due to the proper management of vehicle. Growing investment in deployment of smart parking systems, facility to handle parking systems by smart phones, and growing number of vehicles around the world are fueling the growth in the market. For instance, in January 2021, Amano McGann partnered with Luminary Hotels & Co. to deliver a first-class parking solution, under which OPUSeries lane devices of Amano McGann were installed in the entry and exit lanes with integrated barcode scanners for validations. Also, according to Statista, operating vehicles across India increased from 272.59 million in 2018 to 295.77 million in 2019. Furthermore, growth in demand for Internet of Things (IoT) technology based solutions are expected to boost the demand in future. However, high cost of purchase and installation of smart parking system makes it difficult to adopt in low and middle-income countries which may hamper the demand during forecast period.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of the global Smart Parking Systems Market. North America is the dominating region across the world in terms of market share due to growing number of vehicles in the region resulting into increasing adoption of smart parking systems. Whereas Europe is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due rising concern about insufficient parking spaces and government initiative supporting intelligent parking system..
Major market player included in this report are:

Alpek S.A.B. de C.V.
Bombay Dyeing
Diyou Fibre (M) Sdn Bhd
Far Eastern Group
Indorama Ventures Public Company Limited
Nirmal Fibres (P) Ltd.
Reliance Industries Limited
Shubhalakshmi Polyesters Ltd
Tongkun Group Co., Ltd.
W. Barnet GmbH & Co. KG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Hardware:
Pucks (Wireless Sensors)
Cameras & LPRs
Smart Meters
Signage
Parking Gates
By Software:
Parking Guidance System
Analytics Solutions
By Service:
Consulting Service
Engineering Service
Mobile App Parking Service
By Type:
On-street
Off-street
By Application:
Commercial
Government
Transport Transit

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Smart Parking Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


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