Germany Smart Parking Market by System, by Component (Parking Sensors, Others), by Sensor Technology (Ultrasonic Sensor, Others), by Solution (Security & Surveillance, others), by Company and by Geography, Forecast & Opportunities, 2025

The Germany Smart Parking Market is projected to grow at a double digit CAGR during 2021-2025 owing to increasing population, industrialization & urbanization, growing technological advancements and the growing demand for improving the parking system. Smart parking helps in saving huge amount of fuel since it directs the drivers to the empty parking slots in the parking zone, which saves time & chaos as well. Furthermore, it provides flexibility, scalability, efficiency for all size of buildings & locations and ensures a smooth flow of traffic with lesser emissions.

The demand for parking sensors will increase with an increase in implementation of parking management solutions that reduce time taken in finding a parking space and ease traffic congestion. Moreover, increasing number of vehicles on the road combined with government initiatives such as smart cities are expected to develop better traffic and parking management solutions in Germany over the next five years.

Some of the major players operating in the Germany Smart Parking Market are Continental AG, Robert Bosch GmbH, Delphi Automotive PLC, Aisin Seiki Co., Ltd, Valeo S.A., Siemens AG, Cubic Corporation, Xerox Corporations etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

• Historical Years: 2015-2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Period: 2021–2025

Objective of the Study:

• To analyse and forecast the market size of the Germany Smart Parking Market, in terms of value and volume.
• To classify and forecast the Germany Smart Parking Market based on system type, component, sensor technology, solution, vertical and regional distribution.
• To identify drivers and challenges for the Germany Smart Parking Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Germany Smart Parking Market.
• To conduct the pricing analysis for the Germany Smart Parking Market.
• To identify and analyse the profile of leading players involved in the manufacturing of the Germany Smart Parking Market.

The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of manufacturers across Germany. Subsequently, researchers conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the suppliers which could not be identified due to the limitations of secondary research. The author analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across Germany.

The author calculated the market size of the Germany Smart Parking Market by using a bottom-up approach, where the data for various end-user industries and its application across various product types were recorded and forecast for the future years. Researchers sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used.

Key Target Audience:

• Automotive smart park assists system manufacturers & component suppliers
• Automobile OEM’s
• Parking Management Solution Providers
• Parking Management Hardware and Services Providers
• Research Institutes
• Associations, organizations, forums and alliances related to Smart Parking manufacturers.
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:
In this report, the Germany Smart Parking Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Germany Smart Parking System Market, by Component:

• Parking Sensors
• Steering Angle Sensors
• Electronic Control Unit (ECU)
• Display Unit

Germany Smart Parking System Market, by Sensor Technology:

• Ultrasonic Sensor
• Image Sensor
• Radar Sensor

Germany Smart Parking System Market, by Solution:

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

Germany Smart Parking System Market, by Country:

• Germany
• North Rhine-Westphalia
• Bavaria
• Baden-Wurttemberg
• Saxony
• Hesse
• Rest of Germany

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Germany Smart Parking Market.

Available Customizations:
With the given market data, the author offers customizations according the client’s specific needs.