Market Overview:
The global light commercial vehicle real-time parking system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for smart and efficient transportation solutions across the globe. Additionally, the growing awareness about environment-friendly and fuel-efficient transportation is also propelling the growth of this market. The global light commercial vehicle real-time parking system market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into on-street parking systems, off-street parking systems, and others (including valet services). In terms of application, it can be classified into in ground sensors and radio detection and ranging (RADAR) based systems; while LIDAR based systems are expected to witness high adoption rates in future owing to their advantages such as accuracy and precision over other technologies.
Product Definition:
A Light Commercial Vehicle Real-Time Parking System is a system that allows drivers to find parking spots for their light commercial vehicles in real-time. The system is important because it helps drivers avoid the hassle of searching for parking, and it also helps reduce traffic congestion.
On-Street:
On-street is a parking space that is located on the public right of way. It can be used by all types of vehicles, including light commercial vehicles (LCV), such as mini trucks and vans, which are used for business purposes. On-street spaces are generally available in abundance; however, their availability varies depending upon the time of day and traffic conditions.
Off-Street:
The off-street parking is a facility, which provides parking space for vehicles that are not used for on-street or residential purposes. It can be defined as an area, which is either owned by the service provider or rented from the owner/landlord. The size of this lot can vary from a few square feet to several acres and it can be located near office buildings, shopping centers, entertainment complexes and other commercial areas.
Application Insights:
Based on application, the market has been segmented into in-ground sensors, RADAR, and LIDAR. In 2017, in-ground sensors dominated the global market with a share of over 80.0%. The segment is expected to retain its dominance throughout the forecast period owing to its low cost and easy installation as compared to other technologies such as LIDAR or RADAR.
The off-street parking system segment is projected to exhibit significant growth during the forecast period due to increasing urbanization resulting in increased need for commercial spaces such as offices and shops along with rapid growth of retail industry at global level. Furthermore, growing trend of car sharing programs across various cities will also boost demand for off-street parking systems globally over the next few years.
Regional Analysis:
North America dominated the global light commercial vehicle real-time parking system market in terms of revenue share in 2017. The growth can be attributed to the presence of prominent players such as Autoliv, Inc.; andenjoying a strong brand image. In addition, increasing investments by companies for the deployment of next-generation technologies is expected to drive regional growth over the forecast period. For instance, in 2015, Navteq collaborated with Google LLC for providing digital information services through Google Maps application on mobile phones.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to rising disposable income coupled with growing consumer awareness regarding available parking spaces and their pricing strategies across various cities within countries such as China and India among others).
Growth Factors:
- Increasing demand for real-time parking system from the commercial vehicle segment
- Growing awareness about the benefits of using real-time parking systems among fleet operators and drivers
- Proliferation of smart city initiatives across the globe that promote the use of advanced technologies, including real-time parking systems
- Rising demand for last mile delivery services, which is fueling growth in the light commercial vehicle (LCV) market
- Growing number of partnerships between automakers and technology providers to develop innovative real-time parking systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Commercial Vehicle Real-Time Parking System Market Research Report
By Type
On-Street, Off-Street, Others
By Application
In-Ground Sensors, Radio Detection And Ranging(RADAR), Light Detection And Ranging(LIDAR)
By Companies
Streetline, Smart Parking Ltd., ParkMe Inc., Parknav, T2 SYSTEMS, Spot Innovation Inc., INRIX Inc., Cisco Systems Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Light Commercial Vehicle Real-Time Parking System Market Report Segments:
The global Light Commercial Vehicle Real-Time Parking System market is segmented on the basis of:
Types
On-Street, Off-Street, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
In-Ground Sensors, Radio Detection And Ranging(RADAR), Light Detection And Ranging(LIDAR)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Streetline
- Smart Parking Ltd.
- ParkMe Inc.
- Parknav
- T2 SYSTEMS
- Spot Innovation Inc.
- INRIX Inc.
- Cisco Systems Inc.
Highlights of The Light Commercial Vehicle Real-Time Parking System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Street
- Off-Street
- Others
- By Application:
- In-Ground Sensors
- Radio Detection And Ranging(RADAR)
- Light Detection And Ranging(LIDAR)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Commercial Vehicle Real-Time Parking System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A light commercial vehicle real-time parking system is a technology that helps drivers find and reserve parking spaces in close proximity to their destination. The system typically uses sensors to detect the presence of a light commercial vehicle, and then communicates with nearby garages or parking lots to reserve spaces for the truck.
Some of the major players in the light commercial vehicle real-time parking system market are Streetline, Smart Parking Ltd., ParkMe Inc., Parknav, T2 SYSTEMS, Spot Innovation Inc., INRIX Inc., Cisco Systems Inc..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Commercial Vehicle Real-Time Parking System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Commercial Vehicle Real-Time Parking System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Commercial Vehicle Real-Time Parking System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Commercial Vehicle Real-Time Parking System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Commercial Vehicle Real-Time Parking System Market Size & Forecast, 2020-2028
4.5.1 Light Commercial Vehicle Real-Time Parking System Market Size and Y-o-Y Growth
4.5.2 Light Commercial Vehicle Real-Time Parking System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 On-Street
5.2.2 Off-Street
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 In-Ground Sensors
6.2.2 Radio Detection And Ranging(RADAR)
6.2.3 Light Detection And Ranging(LIDAR)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Commercial Vehicle Real-Time Parking System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Commercial Vehicle Real-Time Parking System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 On-Street
9.6.2 Off-Street
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 In-Ground Sensors
9.10.2 Radio Detection And Ranging(RADAR)
9.10.3 Light Detection And Ranging(LIDAR)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 On-Street
10.6.2 Off-Street
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 In-Ground Sensors
10.10.2 Radio Detection And Ranging(RADAR)
10.10.3 Light Detection And Ranging(LIDAR)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 On-Street
11.6.2 Off-Street
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 In-Ground Sensors
11.10.2 Radio Detection And Ranging(RADAR)
11.10.3 Light Detection And Ranging(LIDAR)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 On-Street
12.6.2 Off-Street
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 In-Ground Sensors
12.10.2 Radio Detection And Ranging(RADAR)
12.10.3 Light Detection And Ranging(LIDAR)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 On-Street
13.6.2 Off-Street
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 In-Ground Sensors
13.10.2 Radio Detection And Ranging(RADAR)
13.10.3 Light Detection And Ranging(LIDAR)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Commercial Vehicle Real-Time Parking System Market: Competitive Dashboard
14.2 Global Light Commercial Vehicle Real-Time Parking System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Streetline
14.3.2 Smart Parking Ltd.
14.3.3 ParkMe Inc.
14.3.4 Parknav
14.3.5 T2 SYSTEMS
14.3.6 Spot Innovation Inc.
14.3.7 INRIX Inc.
14.3.8 Cisco Systems Inc.
