Report Description

Germany Smart Parking Market is projected to grow at a double digit CAGR during 2024-2028 owing to increasing population, industrialization & urbanization, growing technological advancements and 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 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.

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Objective of the Study:

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

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

TechSci Research calculated the market size of Germany Smart Parking Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research 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 by TechSci Research.

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 market opportunities.



Base Year


Historical Years

2018 – 2021

Estimated Year


Forecast Period

2024F – 2028F

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Component

·         Sensor Technology

·         Solution

Region Scope

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

Key Companies Profiled

Continental AG, Robert Bosch GmbH, Delphi Automotive PLC, Aisin Seiki Co., Ltd, Valeo S.A., Siemens AG, Cubic Corporation, Xerox Corporations.

Customization Scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, 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 Region:
    • Germany
      • North Rhine-Westphalia
      • Bavaria
      • Baden-Wurttemberg
      • Saxony
      • Hesse
      • Rest of Germany

Competitive Landscape

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

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Germany Smart Parking Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Product Awareness

5.2.  Product Pricing

5.3.  Factors Influencing the Purchase Decision

6.    Germany Smart Parking Market Overview 

7.    Germany Smart Parking Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Component (Parking Sensors, Steering Angle Sensors, Electronic Control Unit (ECU) and Display Unit)

7.2.2.     By Sensor Technology (Ultrasonic Sensor, Image Sensor and Radar Sensor)

7.2.3.     By Solution (Security & Surveillance, Valet Parking Management, License Plate Recognition and Parking Reservation Management)

7.2.4.     By Region

7.2.5.     By Company (2022)

7.3.  Market Attractiveness Index

8.    Germany Parking Sensors Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Sensor Technology

8.2.2.     By Solution

8.2.3.     By Country

8.3.  Market Attractiveness Index

9.    Germany Steering Angle Sensors Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Sensor Technology

9.2.2.     By Solution

9.2.3.     By Country

9.3.  Market Attractiveness Index

10.  Germany Electronic Control Unit (ECU) Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Sensor Technology

10.2.2.  By Solution

10.2.3.  By System type

10.2.4.  By Country

10.3.              Market Attractiveness Index

11.  Germany Display Unit Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Sensor Technology

11.2.2.  By Solution

11.2.3.  By System type

11.2.4.  By Country

11.3.              Market Attractiveness Index

12.  Price Point Analysis

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Market Trends & Developments

15.  Policy & Regulatory Landscape

16.  Germany Economic Profile

17.  Competitive Landscape

17.1.              Continental AG

17.2.              Robert Bosch Gmbh

17.3.              Delphi Automotive PLC

17.4.              Aisin Seiki Co.

17.5.              Valeo

17.6.              Siemens AG

17.7.              Cubic Corporation

17.8.              Xerox Corporation

17.9.              Amano Mcgann

17.10.            Parkplayer

Strategic Recommendation

Figures and Tables

Frequently asked questions


Rising population and increasing disposable income are expected to drive the Germany smart parking market during the forecast period.


Germany smart parking market is segmented on the basis of component, sensor technology, solution, and region.


Parking sensors segment is expected to hold the largest share in Germany smart parking market during forecast period.


Who are the key players operating in Germany smart parking market?


Srishti Verma

Business Consultant
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