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Sep 10, 2023

Asia Pacific Smart Parking Market Size, 2023 Growing Opportunity and Competitive landscape 2031

U.S (New York) –The Report Ocean has recently published a new report titled

U.S (New York)–The Report Ocean has recently published a new report titled "Asia Pacific Smart Parking Market" 2023, which outlines the regional and global markets that are predicted to experience significant growth between 2023 and 2031. This extensive research delves deeply into the market's ever-changing dynamics, value chain analysis, competitive landscapes, investment hotspots, geographical landscape, and significant segments, providing critical insights and valuable information for policymakers, stakeholders, investors, newcomers, and industry professionals. In addition, the report provides a comprehensive examination of the industry's controls and restraints, as well as information on the global industry's plans and opportunities. By utilizing this report, individuals in the industry can capitalize on emerging opportunities, develop key strategies, and gain a competitive edge over rivals.

Asia Pacific smart parking market will grow by 19.4% annually with a total addressable market cap of $35.42 billion over 2021-2030 owing to the limited pace for smooth flow of traffic due to increasing traffic congestion, rising need for efficient land utilization and proper parking management, and technological advancements in digital and IoT based technology.

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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the ICT industries. resulting in a large market for Asia Pacific Smart Parking Market.

Highlighted with 35 tables and 69 figures, this 127-page report Asia Pacific Smart Parking Market 2020-2030 by Component (Hardware, Software, Service), System (Guided, Smart), Parking Type (Off-street, On-street), Solution, Technology (Ultrasonic, Image, Radar, RFID, IoT), Vehicle Type, End User (Commercial, Government, Residential), and Country: Trend Forecast and Growth Opportunity is based on a comprehensive research of the entire Asia Pacific smart parking market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).

In-depth qualitative analyses include identification and investigation of the following aspects:Market StructureGrowth DriversRestraints and ChallengesEmerging Product Trends & Market OpportunitiesPorters Fiver Forces

The trend and outlook of market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify smart parking market in every aspect of the classification from perspectives of Component, System, Parking Type, Solution, Technology, Vehicle Type, End User, and Region.

Key Players (this may not be a complete list and extra companies can be added upon request):Amano McGann, Inc.BMW AG (ParkNow GmbH, Parkmobile LLC)CivicSmart, Inc.Continental AGDongyang Menics Co., Ltd.IEM SAIPS Group Inc.Klaus Multiparking SystemsParkMe Inc.Robert Bosch GmbHSiemens AGSmart Parking LimitedSwarco AGTKH Group-Park Assist.Urbiotica, S.L.

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Based on Component

Hardwareo Pucks/Wireless Sensorso Cameras and LPRso Smart Meterso Signageso Parking Gateso Other HardwareSoftwareo Parking Guidance Systemo Analytics SolutionsServiceo Consulting Serviceo Engineering Serviceo Mobile App Parking Service

Based on SystemGuided Parking Assist SystemSmart Parking Assist System

Based on Parking TypeOff-street ParkingOn-street Parking

Based on SolutionSecurity & SurveillanceSmart Payment SystemsParking Reservation & Valet ParkingLicense Plate Recognition

By TechnologyUltrasonic SensorsImage SensorsRadar SensorsRadio Frequency Identification (RFID)Internet of Things (IoT)Other Technologies

By Vehicle TypePassenger CarsLight Commercial VehiclesHeavy Commercial Vehicles

By End UserCommercial SectorGovernment & Public SectorResidential Sector

GeographicallyJapanChinaSouth KoreaAustraliaIndiaRest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

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For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Parking Type, Solution, and Technology over the forecast years are also included.

Table of Content:

Key Benefits of This Market Research:

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