The global smart parking market reached approximately USD 8.48 Billion in 2025. The market is projected to grow at a CAGR of 15.00% between 2026 and 2035, reaching a value of around USD 34.31 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
15%
Value in USD Billion
2026-2035
*this image is indicative*
| Global Smart Parking Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 8.48 |
| Market Size 2035 | USD Billion | 34.31 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 15.00% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 16.9% |
| CAGR 2026-2035 - Market by Country | China | 16.2% |
| CAGR 2026-2035 - Market by Country | India | 15.8% |
| CAGR 2026-2035 - Market by Solution | Parking Reservation Management | 17.2% |
| CAGR 2026-2035 - Market by System Type | Smart Park Assist | 16.8% |
| Market Share by Country 2025 | Brazil | 3.2% |
Smart parking systems are advanced traffic management solutions that are integrated with sensors, cameras, and advanced technologies, such as artificial intelligence and machine learning, that enable better management of traffic. They also integrate ground sensor technology where sensors, cameras, and other components are embedded into the parking spots.
The EMR’s report titled “Smart Parking Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Solution
Market Breakup by System Type
Market Breakup by Component
Market Breakup by Sensor Technology
Market Breakup by Vertical
Market Breakup by Region
| CAGR 2026-2035 - Market by | Country |
| China | 16.2% |
| India | 15.8% |
| Canada | 15.4% |
| Germany | 14.8% |
| Mexico | 13.8% |
| USA | XX% |
| UK | XX% |
| France | XX% |
| Italy | 13.6% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
Off-street parking is expected to hold a major portion of the smart parking market share in the coming years. Its growth can be attributed to the implementation of sensor-based vehicle detection technology to address parking challenges in smart cities and the surging road development initiatives. Moreover, companies are offering parking space applications for individual slots, further propelling the development of the segment.
Ultrasonic sensors are poised to register significant growth, aiding in the expansion of the smart parking market. These sensors play a pivotal role in assisting drivers by identifying suitable parking spaces and detecting obstacles within proximity. The widespread adoption of ultrasonic sensors can be attributed to their cost-effectiveness, which outperforms image and radar sensors in terms of affordability.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global smart parking market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
T2 Systems is a parking technology company holding a leading position in the market. The company was established in the year 1994 and has developed extensive experience in the field of parking technologies. Operating from its headquarters in Indiana, United States, its speciality lies in parking software development, pay stations, citation control, and permit management, among others.
Flowbird Group is a prominent company that specialises in providing intelligent urban mobility solutions. Since its establishment in 2002, the company has focused on designing and developing innovative products and services to enhance urban transportation systems. Flowbird Group offers a wide range of solutions, including parking management systems, ticketing systems for public transport, and mobility services.
Amano Corporation is a well-established company that operates in the field of time and attendance management, parking solutions, and security systems. With a rich history and global presence, Amano Corporation has built a reputation for delivering innovative and reliable products and services. The company offers a range of solutions for employee time tracking, including time clocks, biometric systems, and software applications.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other smart parking market players include IBM Corporation, Robotic Parking Systems, Inc., SKIDATA GmbH, Streetline, Continental AG, Valeo Park4U, and Amano McGann, Inc, among others.
Automated Parking Systems Market
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 8.48 Billion.
The market is projected to grow at a CAGR of 15.00% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 34.31 Billion by 2035.
The major market drivers are the rapidly increasing urban population and the growth of the automotive sector.
The major factors propelling the growth of the market include the increasing implementation of advanced technologies and the launch of numerous smart city projects around the world.
The regional markets for smart packaging include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major system types in the market are guided park assist, smart park assists, on-street, and off-street.
The key players in the market are T2 Systems, Flowbird Group, Amano Corporation, IBM Corporation, Robotic Parking Systems, Inc., SKIDATA GmbH, Streetline, Continental AG, Valeo Park4U, and Amano McGann, Inc, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Solution |
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| Breakup by System Type |
|
| Breakup by Component |
|
| Breakup by Sensor Technology |
|
| Breakup by Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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