Asia Pacific Smart Parking Systems Market

Asia Pacific Smart Parking Systems Market Size, Share & Trends Analysis Report By Software, (Parking Guidance System, and Analytics Solutions), By Type, By Service, By Hardware, By Application, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-27628 Publication Date: April-2025 Number of Pages: 150
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Analysis of Market Size & Trends

The Asia Pacific Smart Parking System Market would witness market growth of 22.1% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Smart Parking System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,045.2 million by 2031. The Japan market is registering a CAGR of 21.3% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 22.8% during (2024 - 2031).

Asia Pacific Smart Parking Systems Market

The market for smart parking systems is also being propelled by the increased focus on sustainability and the mitigation of transportation's environmental impact. Air pollution as well as climate change are largely caused by vehicle emissions, and urban mobility is essential to the formation of a city's environmental footprint.

Another trend shaping this market is the growing emphasis on automated and autonomous parking solutions. Automated parking systems (APS) use robotics and mechanical systems to park vehicles without human intervention. These systems maximize space utilization by eliminating the need for wide lanes and reducing the height between levels.

The Asia-Pacific market is expanding rapidly, driven by diverse factors ranging from urban congestion, demographic trends, and sustainability targets to the rise of electric vehicles and digital payments. Regional initiatives such as the ASEAN Smart Cities Network (ASCN) and country-specific strategies like K-Smart City and Smart Nation Singapore continue to propel the market forward. Asia’s mobility industry will grow in the coming decade, rising to over $570 billion by 2035. Asia’s mobility sector will be driven by rapid growth in car-as-a-service, micromobility, and digital services that accommodate the region’s preference for convenient travel and charging technologies to serve a high market share of electric vehicles. The demand for smart parking systems in China is experiencing a substantial increase, predominantly due to the government's aggressive Smart City Development initiatives, skyrocketing vehicle ownership, and rapid urbanization. Therefore, as governments and private stakeholders collaborate on digital infrastructure and IoT deployment, Asia Pacific is poised to be one of the fastest-growing regions in this market.

Free Valuable Insights: The Global Smart Parking Systems Market is Predict to reach USD 33.47 Billion by 2031, at a CAGR of 21.5%

Based on Software, the market is segmented into Parking Guidance System, and Analytics Solutions. Based on Type, the market is segmented into On-street, and Off-street (Garage Parking, and Lot Parking). Based on Service, the market is segmented into Consulting Service, Engineering Service, and Mobile App Parking Service. Based on Hardware, the market is segmented into Smart Meters, Cameras & LPRs, Pucks (Wireless Sensors), Signage, and Parking Gates. Based on Application, the market is segmented into Commercial, Government, and Transport Transit. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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List of Key Companies Profiled

  • BMW AG
  • Cisco Systems, Inc.
  • Kapsch TrafficCom AG
  • Libelium Comunicaciones Distribuidas S.L.
  • Nedap N.V.
  • Robert Bosch GmbH
  • Siemens AG
  • SWARCO AG
  • INRIX, Inc.
  • Continental AG

Asia Pacific Smart Parking Systems Market Report Segmentation

By Software

  • Parking Guidance System
  • Analytics Solutions

By Type

  • On-street
  • Off-street
    • Garage Parking
    • Lot Parking

By Service

  • Consulting Service
  • Engineering Service
  • Mobile App Parking Service

By Hardware

  • Smart Meters
  • Cameras & LPRs
  • Pucks (Wireless Sensors)
  • Signage
  • Parking Gates

By Application

  • Commercial
  • Government
  • Transport Transit

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
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