Market Overview:
The global parking guidance system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart parking solutions, rising concerns over traffic congestion and pollution, and growing investments by public authorities in smart city initiatives. The global parking guidance system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into sensors, softwares, services, and other components. The sensors segment is expected to account for the largest share of the global parking guidance system market in 2018 owing to its ability to provide real-time information about available parking spaces. On the basis of application,the market is divided into passenger vehicles and commercial vehicles segments.
Product Definition:
A parking guidance system is a technology used to help drivers find parking spaces. The importance of a parking guidance system is that it can help to alleviate traffic congestion and improve the flow of traffic, as well as make it easier for drivers to find a parking space.
Sensors:
Sensors are an integral part of any guidance system. They are used to gather information and data which is then transferred to the guidance software for processing. The growth factor in the market for parking guidance systems is determined by two major factors, increasing demand from end-use industries such as automotive & transportation and construction equipment industry and growing awareness among consumers regarding self-parking cars.
Softwares:
A software is a set of instructions which can be used to operate a computer program. It includes all the files and programs that are needed to run, monitor, and maintain the system. The Parking Guidance System (PGS) uses several software for its proper working such as guidance systems software, display & camera control software among others.
Application Insights:
The passenger vehicles segment dominated the global market in 2017. The growth of this segment can be attributed to increasing demand for passenger cars from middle-class population and rapid urbanization in emerging economies including China, India, Brazil and others. Moreover, stringent government regulations on reducing vehicular emissions are expected to drive the demand for such systems in commercial vehicles over the forecast period.
Commercial vehicle application is projected to witness a CAGR of XX% from 2018 to 2030 owing to rising adoption of commercial vehicles by companies offering intercity transportation services within a country or across countries. Such services require accurate estimation of travel time as well as distance traveled at various speeds for planning routes accordingly. Furthermore, these systems help reduce fuel consumption by providing real-time information about traffic conditions along with planned route maps during navigation using Global Positioning System (GPS). Such factors are anticipated to increase product adoption over the coming years.
Regional Analysis:
North America dominated the global industry in terms of revenue share in 2017. The growth is attributed to the presence of prominent players, such as HERE Technologies and Autoliv, Inc., with a strong distribution network across U.S. and Canada regions respectively.
Asia Pacific parking guidance system market is anticipated to witness significant growth over the forecast period owing to rising disposable income among consumers along with growing automotive industry in countries such as China and India.
The European region accounted for a substantial share of revenue generation owing to early adoption of innovative technologies by manufacturers.
Growth Factors:
- Increasing demand for parking spaces in urban areas
- Growing awareness about the benefits of parking guidance systems
- Implementation of stringent regulations governing vehicle parking
- Rising adoption of smart city initiatives worldwide
- Proliferation of autonomous vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Parking Guidance System Market Research Report
By Type
Sensors, Softwares, Services, Other
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Bosch, Delphi, Nexpa System, SWARCO AG, Omnitec Group, Garmin, NOVATEL WIRELESS, INC., The Raytheon, Oracle Corporation, Google Inc., Samsung SDS Co., Ltd., Xerox Corporation, Kapsch TrafficCom AG, Siemens Traffic Solutions
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Parking Guidance System Market Report Segments:
The global Parking Guidance System market is segmented on the basis of:
Types
Sensors, Softwares, Services, Other
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
Passenger Vehicles, Commercial Vehicles
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:
- Bosch
- Delphi
- Nexpa System
- SWARCO AG
- Omnitec Group
- Garmin
- NOVATEL WIRELESS, INC.
- The Raytheon
- Oracle Corporation
- Google Inc.
- Samsung SDS Co., Ltd.
- Xerox Corporation
- Kapsch TrafficCom AG
- Siemens Traffic Solutions
Highlights of The Parking Guidance 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:
- Sensors
- Softwares
- Services
- Other
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- 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 Guidance 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 guidance system (PGS) is a type of automated traffic control system that helps drivers find available parking spaces. The PGS uses sensors to detect the presence of vehicles and determines where they should be parked. The PGS then provides directions to the driver on how to find a space.
Some of the key players operating in the parking guidance system market are Bosch, Delphi, Nexpa System, SWARCO AG, Omnitec Group, Garmin, NOVATEL WIRELESS, INC., The Raytheon, Oracle Corporation, Google Inc., Samsung SDS Co., Ltd., Xerox Corporation, Kapsch TrafficCom AG, Siemens Traffic Solutions.
The parking guidance system market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Parking Guidance 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 Guidance System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Parking Guidance 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 Guidance 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 Guidance System Market Size & Forecast, 2018-2028
4.5.1 Parking Guidance System Market Size and Y-o-Y Growth
4.5.2 Parking Guidance System Market Absolute $ Opportunity
Chapter 5 Global Parking Guidance 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 Guidance System Market Size Forecast by Type
5.2.1 Sensors
5.2.2 Softwares
5.2.3 Services
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Parking Guidance 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 Guidance System Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Parking Guidance 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 Guidance 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 Guidance System Analysis and Forecast
9.1 Introduction
9.2 North America Parking Guidance 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 Guidance System Market Size Forecast by Type
9.6.1 Sensors
9.6.2 Softwares
9.6.3 Services
9.6.4 Other
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 Guidance System Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
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 Guidance System Analysis and Forecast
10.1 Introduction
10.2 Europe Parking Guidance 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 Guidance System Market Size Forecast by Type
10.6.1 Sensors
10.6.2 Softwares
10.6.3 Services
10.6.4 Other
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 Guidance System Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
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 Guidance System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Parking Guidance 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 Guidance System Market Size Forecast by Type
11.6.1 Sensors
11.6.2 Softwares
11.6.3 Services
11.6.4 Other
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 Guidance System Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
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 Guidance System Analysis and Forecast
12.1 Introduction
12.2 Latin America Parking Guidance 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 Guidance System Market Size Forecast by Type
12.6.1 Sensors
12.6.2 Softwares
12.6.3 Services
12.6.4 Other
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 Guidance System Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
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 Guidance System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Parking Guidance 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 Guidance System Market Size Forecast by Type
13.6.1 Sensors
13.6.2 Softwares
13.6.3 Services
13.6.4 Other
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 Guidance System Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
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 Guidance System Market: Competitive Dashboard
14.2 Global Parking Guidance System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Delphi
14.3.3 Nexpa System
14.3.4 SWARCO AG
14.3.5 Omnitec Group
14.3.6 Garmin
14.3.7 NOVATEL WIRELESS, INC.
14.3.8 The Raytheon
14.3.9 Oracle Corporation
14.3.10 Google Inc.
14.3.11 Samsung SDS Co., Ltd.
14.3.12 Xerox Corporation
14.3.13 Kapsch TrafficCom AG
14.3.14 Siemens Traffic Solutions
