United States Smart Parking Market is projected to grow at a double digit CAGR during the forecast period owing to growing urbanization, growing automotive industry, growing automotive sensors demand & market and growing investments in infrastructure in the country. Moreover, United States is the largest market of smart parking across the globe owing to presence of various technology companies, government regulations and financial support. Furthermore, due to the presence of heavy traffic in cities such as New York, Los Angeles, etc and growing higher level of awareness towards modern solutions for traffic control and parking further drives the growth of the smart parking market in United States. United States Smart Parking Market is divided into system type, component, sensor technology, solution, vertical and regional distribution. Based on sensor technology, the market has been categorised into Ultrasonic Sensor, Image Sensor and Radar Sensor. In 2021, the Ultrasonic sensor market dominated the market and is expected to maintain its dominance over the next five years as well since these sensors are installed across the vehicle and guides the vehicle in identification of the available parking spaces. Parking systems like SFpark program has already been installed in the country and has proved that the smart parking systems can bring a fruitful change in traffic and parking conditions across the country. Some of the leading players in the United States 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.

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 United States Smart Parking Market based on system type, component, sensor technology, solution, vertical and regional distribution.
  • To identify drivers and challenges for United States Smart Parking Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States 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 United States Smart Parking Market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across United States. 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 United States.

TechSci Research calculated the market size of United States 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

2017 – 2020

Estimated Year


Forecast Period

2023F – 2027F

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

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

Segments Covered

·         System Type

·         Component

·         Sensor Technology

·         Solution

·         Vertical

Region Scope

South-Region, West-Region, Mid-West Region & Northeast-Region

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, United States Smart Parking Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • United States Smart Parking Market, by System type:
    • Guided Park Assist System
    • Smart Park Assist System
  • United States Smart Parking Market, by Component:
    • Parking Sensors
    • Steering Angle Sensors
    • Electronic Control Unit (ECU)
    • Display Unit
  • United States Smart Parking Market, by Sensor Technology:
    • Ultrasonic Sensor
    • Image Sensor
    • Radar Sensor
  • United States Smart Parking Market, by Solution:
    • Security & Surveillance
    • Valet Parking Management
    • License Plate Recognition
    • Parking Reservation Management
  • United States Smart Parking Market, by Vertical:
    • Government
    • Commercial
  • United States Smart Parking Market, by Country:
    • United States
      • South-Region
      • West-Region
      • Mid-West Region
      • Northeast-Region

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.

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1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on United States Smart Parking Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Product Awareness

5.2.  Product Pricing

5.3.  Challenges & Unmet Needs

5.4.  Factors Influencing the Purchase Decision

6.    United States Smart Parking Market Overview 

7.    United States Smart Parking Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By System type (Guided Park Assist System and Smart Park Assist System)

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

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

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

7.2.5.     By Vertical (Government and Commercial)

7.2.6.     By Region

7.2.7.     By Company

7.3.  Market Attractiveness Index

8.    United States 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 Vertical

8.2.4.     By Country

8.3.  Market Attractiveness Index

9.    United States 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 Vertical

9.2.4.     By Country

9.3.  Market Attractiveness Index

10.  United States 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 Vertical

10.2.4.  By Country

10.3.              Market Attractiveness Index

11.  United States 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 Vertical

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.  United States Economic Profile

17.  Competitive Landscape

17.1.              Competition Outlook

17.2.              Company Profiles (Top 10 Companies)

18 . Strategic Recommendation

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