Smart Parking Market Growth, Strategic Analysis, Future Scenarios and Forecast by 2030.
Smart Parking Market was valued at USD 5.26 billion in 2021 and is expected to reach USD 20.25 billion by 2029, registering a CAGR of 18.35% during the forecast period of 2022-2029. Commercial is expected to witness significant growth in the vertical segment of the market owing to the development of corporate and commercial parks industry.

Smart Parking Market – Industry Trends and forecast period of 2030 And Market Analysis and Size

Smart Parking Market was valued at USD 5.26 billion in 2021 and is expected to reach USD 20.25 billion by 2029, registering a CAGR of 18.35% during the forecast period of 2022-2029. Commercial is expected to witness significant growth in the vertical segment of the market owing to the development of corporate and commercial parks industry. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition.

Smart parking is a smart parking system that helps drivers with safe parking. The space available in the parking lot is marked or marked with the help of embedded software and sensors. Vacant space is informed by the driver accordingly due to good handling of the vehicle. This technology uses a variety of sensors as part of computer systems in the parking lot to detect the presence or absence of vehicles. The smart parking system provides real-time data details regarding the availability of the nearest parking lot and allows the driver to serve that slot without interference from other vehicles.

Market segmentation

Global Smart Parking Market, By System Type (Guided Park Assist, Smart Park Assist, On-Street and Off-Street), Component (Parking Sensors, Steering Angle Sensors, ECU and Display Unit), Sensor Technology (Ultrasonic Sensor, Radar Sensor, Image Sensor), Vertical (Government, Commercial), Solution (Security and Surveillance, Parking Reservation Management, Valet Parking Management, License Plate Recognition) - Industry Trends and Forecast to 2029


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Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for generating an extraordinary Smart Parking Market research report. This analysis gives an examination of various segments that are relied upon to witness the quickest development based on the approximated forecast frame. The report offers with CAGR value fluctuation during the forecast period of 2021 - 2028 for the market. Not to mention, Smart Parking Market report delivers an exhaustive study with respect to present and upcoming opportunities which shed light on the future investment in the market.

The large scale Smart Parking Market report can be used by both established and new players in the industry for complete understanding of the market. The sources of data and information mentioned in the report are very reliable and include websites, annual reports of the companies, journals, and mergers which are checked and validated by the market experts. This market research document is a resource, which provides current as well as upcoming technical and financial details of the industry for the forecast period. To gain competitive advantage and to thrive in the market, go for this market research report. Smart Parking Market survey report is also sure to help in the journey to achieve the business growth and success.


Smart Parking Market Scope

The smart parking market is segmented on the basis of component, frequency and vehicle type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

System Type

  • Guided Park Assist
  • Smart Park Assist
  • On-Street
  • Off-Street


  • Parking Sensors
  • Steering Angle Sensors
  • ECU
  • Display Unit

Sensor Technology

  • Ultrasonic Sensor
  • Radar Sensor
  • Image Sensor


  • Government
  • Commercial


  • Security and Surveillance
  • Parking Reservation Management
  • Valet Parking Management
  • License Plate Recognition

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.


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 Smart Parking Market Industry Country Level Analysis.

The countries covered in the Smart Parking Market report are    

  • S., Canada, Mexico, Brazil,
  • Argentina, Rest of South America,
  • Germany, Italy, U.K., France,
  • Spain, Netherlands, Belgium,
  • Switzerland, Turkey,
  • Russia, Rest of Europe, Japan, China,
  • India, South Korea, Australia,
  • Singapore, Malaysia, Thailand, Indonesia,
  • Philippines, Rest of Asia-Pacific, Saudi Arabia,
  • A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa


  • What is the Present Size of the Smart Parking Market?
  • What is the Projected Value of the Smart Parking Market by 2032?
  • What is the estimated growth rate of the Smart Parking Market?

Smart Parking Market Share Analysis and Some major players.

  • Robert Bosch GmbH (Germany),
  • Continental AG (Germany), Valeo (France),
  • Delphi Technologies (UK), AISIN SEIKI Co. Ltd. (Japan),
  • Siemens (Germany), Cubic Corporation (US),
  • Amano Corporation (Japan), Kapsch TrafficCom AG (Austria),
  • AppyParking (UK), Smart Parking (Australia),
  • TKH GROUP (Netherlands), Nedap (Netherlands),
  • Urbiotica (Spain), SWARCO (Austria),
  • IPS Group Inc. (US), IEM SA (Switzerland), Dongyang Menics Co.
  • (South Korea), Altiux Innovations (India), Parkmobile LLC (US), and Park Me, Inc.
  • (US), among others among other domestic and global players.

Smart Parking Market.

  • Chapter One: Introduction
  • Chapter Two: Market Segmentation
  • Chapter Three: Market Overview
  • Chapter Four: Executive Summary
  • Chapter Five: Premium Insights
  • Chapter Six: Smart Parking Market

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