Market Overview:
The global parking access control system market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing demand for advanced and secure parking systems across the globe. The use of magnetic or barcode ticket technology, RFID technology, Bluetooth, Wi-Fi and others are fueling the growth of this market. The application segment for parking access control system includes airports, government and municipalities, shopping malls, hospitals, hotels, industries and others. Among these applications airports are expected to witness highest growth during the forecast period owing to increasing air traffic around the world.
Product Definition:
A parking access control system is a security system used to manage and monitor the use of parking facilities. The system uses a variety of sensors to detect when a vehicle has entered or left the facility, as well as cameras to record who is using the facility. This information can be used to generate reports on parking usage, as well as provide security for the parked vehicles.
Magnetic or Barcode Ticket Technology:
Magnetic or barcode ticket technology is a system where the vehicle's windshield or windows have magnetic strips on them. When the driver parks his vehicle, he places the strip on any metal surface and it gives out a signal that automatically opens parking gates and lot doors. This technology is used in several applications such as traffic management, access control systems for car parks, transportation of goods & passengers and automated toll collection among others.
RFID Technology:
Radio-frequency identification (RFID) technology is used in parking access control systems for the purpose of automatic vehicle detection, theft prevention, and security surveillance. The RFID tags are attached to the vehicles or objects for tracking purposes. These tags can be read by a mobile device which enables real-time data monitoring and also helps in identifying the location of an object or a person.
Application Insights:
Airport application dominated the global market in terms of revenue in 2017. The growth can be attributed to the increasing air travelers and need for efficient passenger flow management. Airport access control systems help airport operators or authorities to regulate and manage vehicular traffic entering an airport premises, thereby ensuring smooth flow of passengers at a designated entry and exit point. These systems also ensure that only authorized vehicles enter the airport premises, which helps reduce vehicle-related pollution as well as reduces congestion on roads surrounding airports.
The government & municipalities segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to growing awareness about parking management among various public bodies such as local governments, states/provinces, and central governments. Moreover, these public bodies are increasingly deploying these systems across their properties for better control over parking activities with an aim toward improving overall infrastructure conditions within their property boundary areas thus attracting more investments from system vendors within this segment over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of prominent players such as American Traffic Solutions, Inc.; Clear Channel Communications Holdings, Inc.; and Ticketmaster Entertainment, Inc. Moreover, increasing investments by governments for developing smart cities are also expected to drive the regional market over the forecast period. For instance, according to a white paper published by Texas A&M University titled “The Future is Now: An Analysis of Emerging Trends and Technologies that will Shape Transportation in 2040†it was observed that transportation technologies including autonomous vehicles play an important role in shaping future transportation systems.
Growth Factors:
- Increasing demand for smart parking solutions from commercial and residential sectors
- Rising concerns over traffic congestion and its impact on environment and economy
- Proliferation of autonomous vehicles and their increasing adoption for smart parking applications
- Development of innovative technologies such as blockchain-based PAS systems that offer enhanced security and transparency to users
- Growing trend of shared mobility services such as carpooling, ride-sharing, etc., which is expected to boost the demand for PAS systems in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Parking Access Control System Market Research Report
By Type
Magnetic or Barcode Ticket Technology, RFID Technology, Bluetooth, Wi-Fi, Others
By Application
Airports, Government and Municipalities, Shopping Malls, Hospitals, Hotels, Industries, Others
By Companies
ASPS Access Security and Parking Systems, ACTi Corporation, Amano Corporation, Cass Parking, Conduent, Designa, Electro Automation, FAAC EXPORT, Nortech Access Control, SKIDATA, SWARCO, TIBA Parking Systems, VersionX Innovations, ZKTecoParking
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Parking Access Control System Market Report Segments:
The global Parking Access Control System market is segmented on the basis of:
Types
Magnetic or Barcode Ticket Technology, RFID Technology, Bluetooth, Wi-Fi, 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
Airports, Government and Municipalities, Shopping Malls, Hospitals, Hotels, Industries, Others
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:
- ASPS Access Security and Parking Systems
- ACTi Corporation
- Amano Corporation
- Cass Parking
- Conduent
- Designa
- Electro Automation
- FAAC EXPORT
- Nortech Access Control
- SKIDATA
- SWARCO
- TIBA Parking Systems
- VersionX Innovations
- ZKTecoParking
Highlights of The Parking Access Control 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:
- Magnetic or Barcode Ticket Technology
- RFID Technology
- Bluetooth
- Wi-Fi
- Others
- By Application:
- Airports
- Government and Municipalities
- Shopping Malls
- Hospitals
- Hotels
- Industries
- Others
- 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 Parking Access Control 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 parking access control system (PACS) is a security system used to monitor and control the movement of vehicles within a parking lot or garage. The system typically includes sensors that detect when a vehicle has entered or exited the lot, as well as cameras that capture images of license plates. The system then uses this information to determine who is allowed to enter and exit the lot, and can also be used to enforce rules related to time limits, maximum distance from buildings, and other restrictions.
Some of the major companies in the parking access control system market are ASPS Access Security and Parking Systems, ACTi Corporation, Amano Corporation, Cass Parking, Conduent, Designa, Electro Automation, FAAC EXPORT, Nortech Access Control, SKIDATA, SWARCO, TIBA Parking Systems, VersionX Innovations, ZKTecoParking.
The parking access control system market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Parking Access Control 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 Parking Access Control System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Parking Access Control 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 Parking Access Control 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 Parking Access Control System Market Size & Forecast, 2018-2028
4.5.1 Parking Access Control System Market Size and Y-o-Y Growth
4.5.2 Parking Access Control System Market Absolute $ Opportunity
Chapter 5 Global Parking Access Control System 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 Parking Access Control System Market Size Forecast by Type
5.2.1 Magnetic or Barcode Ticket Technology
5.2.2 RFID Technology
5.2.3 Bluetooth
5.2.4 Wi-Fi
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Parking Access Control System 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 Parking Access Control System Market Size Forecast by Applications
6.2.1 Airports
6.2.2 Government and Municipalities
6.2.3 Shopping Malls
6.2.4 Hospitals
6.2.5 Hotels
6.2.6 Industries
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Parking Access Control 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 Parking Access Control 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 Parking Access Control System Analysis and Forecast
9.1 Introduction
9.2 North America Parking Access Control System 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 Parking Access Control System Market Size Forecast by Type
9.6.1 Magnetic or Barcode Ticket Technology
9.6.2 RFID Technology
9.6.3 Bluetooth
9.6.4 Wi-Fi
9.6.5 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 Parking Access Control System Market Size Forecast by Applications
9.10.1 Airports
9.10.2 Government and Municipalities
9.10.3 Shopping Malls
9.10.4 Hospitals
9.10.5 Hotels
9.10.6 Industries
9.10.7 Others
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 Parking Access Control System Analysis and Forecast
10.1 Introduction
10.2 Europe Parking Access Control System 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 Parking Access Control System Market Size Forecast by Type
10.6.1 Magnetic or Barcode Ticket Technology
10.6.2 RFID Technology
10.6.3 Bluetooth
10.6.4 Wi-Fi
10.6.5 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 Parking Access Control System Market Size Forecast by Applications
10.10.1 Airports
10.10.2 Government and Municipalities
10.10.3 Shopping Malls
10.10.4 Hospitals
10.10.5 Hotels
10.10.6 Industries
10.10.7 Others
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 Parking Access Control System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Parking Access Control System 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 Parking Access Control System Market Size Forecast by Type
11.6.1 Magnetic or Barcode Ticket Technology
11.6.2 RFID Technology
11.6.3 Bluetooth
11.6.4 Wi-Fi
11.6.5 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 Parking Access Control System Market Size Forecast by Applications
11.10.1 Airports
11.10.2 Government and Municipalities
11.10.3 Shopping Malls
11.10.4 Hospitals
11.10.5 Hotels
11.10.6 Industries
11.10.7 Others
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 Parking Access Control System Analysis and Forecast
12.1 Introduction
12.2 Latin America Parking Access Control System 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 Parking Access Control System Market Size Forecast by Type
12.6.1 Magnetic or Barcode Ticket Technology
12.6.2 RFID Technology
12.6.3 Bluetooth
12.6.4 Wi-Fi
12.6.5 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 Parking Access Control System Market Size Forecast by Applications
12.10.1 Airports
12.10.2 Government and Municipalities
12.10.3 Shopping Malls
12.10.4 Hospitals
12.10.5 Hotels
12.10.6 Industries
12.10.7 Others
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) Parking Access Control System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Parking Access Control System 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) Parking Access Control System Market Size Forecast by Type
13.6.1 Magnetic or Barcode Ticket Technology
13.6.2 RFID Technology
13.6.3 Bluetooth
13.6.4 Wi-Fi
13.6.5 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) Parking Access Control System Market Size Forecast by Applications
13.10.1 Airports
13.10.2 Government and Municipalities
13.10.3 Shopping Malls
13.10.4 Hospitals
13.10.5 Hotels
13.10.6 Industries
13.10.7 Others
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 Parking Access Control System Market: Competitive Dashboard
14.2 Global Parking Access Control System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ASPS Access Security and Parking Systems
14.3.2 ACTi Corporation
14.3.3 Amano Corporation
14.3.4 Cass Parking
14.3.5 Conduent
14.3.6 Designa
14.3.7 Electro Automation
14.3.8 FAAC EXPORT
14.3.9 Nortech Access Control
14.3.10 SKIDATA
14.3.11 SWARCO
14.3.12 TIBA Parking Systems
14.3.13 VersionX Innovations
14.3.14 ZKTecoParking
