{"product_id":"japan-smart-parking-systems-market-by-type-off-street-on-street-by-technology-internet-of-things-iot-ultrasonic-rfid-by-application-security-surveillance-smart-payment-systems-parking-license-plate-recognition-by-hardware-pucks-came","title":"Japan Smart Parking Systems Market - By Type (Off-Street, On-Street); By Technology (Internet of Things (IoT), Ultrasonic, RFID); By Application (Security \u0026 Surveillance, Smart Payment Systems, Parking, License Plate Recognition); By Hardware (Pucks, Came","description":"\u003cp\u003eJapan Smart Parking Systems Market - By Type (Off-Street, On-Street); By Technology (Internet of Things (IoT), Ultrasonic, RFID); By Application (Security \u0026amp; Surveillance, Smart Payment Systems, Parking, License Plate Recognition); By Hardware (Pucks, Cameras \u0026amp; LPRs, Smart Meters, Signage, Parking Gate); By Software (Parking Guidance System, Analytics Solution); By Service (Consulting Services, Engineering Services, Mobile App Parking Services); By End User (Commercial, Government, Transport Transit), Trend Analysis, Competitive Landscape \u0026amp; Forecast, 2019–2029\u003c\/p\u003e \n\n\u003cp\u003eJapan Smart Parking Systems Market Size Expands 3X to Cross USD 662 million by 2029\u003c\/p\u003e\n\n\u003cp\u003eJapan smart parking systems market size is flourishing owing to payment technology advancements, wireless technology advancements, increasing availability of integrated automated market solutions, favorable government policies \u0026amp; regulations, and investments accelerating the implementation of Japan parking systems for a seamless, user-friendly parking experience for operators and drivers.\u003c\/p\u003e\n\n\u003cp\u003eBlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Japan smart parking systems market size at USD 201.36 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Japan smart parking systems market size to grow at a robust CAGR of 18.89% reaching a value of USD 662.4 million by 2029. A major factor propelling the growth of the smart parking market is the effective increase in vehicle numbers raising concerns about parking solutions. The demand for and adoption of IoT-related technology is expanding, which is another factor driving the market for smart parking. The government's initiative to build smart cities in the area and the increase in investment in the development of driverless cars both present opportunities for the market for smart parking to expand. The high implementation costs and subsequent increases in vehicle prices are a problem for the market for smart parking, though. However, the main impediment to the growth of the smart parking market during the forecast is a lack of awareness regarding the advantages of smart parking.\u003c\/p\u003e \n\n\u003cp\u003eJapan Smart Parking Systems Market – Overview\u003c\/p\u003e\n\n\u003cp\u003eA smart parking system (SPS) enhances parking spaces through automated admittance control systems, parking guidance systems (PGS), parking reserving barriers, and ticketing systems. It uses mechanical systems to move cars from one parking spot to another, freeing up space in a single-story or multistory garage. For real-time data transmission to a control center, it uses pavement sensors, video cameras, automatic number plate recognition (ANPR), and vehicle counting equipment to manage parking lot occupancy. It aims to provide a well-organized parking operation and improve traffic flow in congested areas.\u003c\/p\u003e\n\n\u003cp\u003eOpportunity: Increasing investments in developing autonomous cars\u003c\/p\u003e\n\n\u003cp\u003eFord, Tesla, and Waymo are just a few of the automakers that have tested the autonomous vehicle's parking assistance feature, which displays available parking spaces. Technology for controlling or parking a car using a smartphone is developing quickly. Software providers frequently release updates to address the smart parking technique's congestion issue. Future growth opportunities for the Japan smart parking market are expected to be lucrative due to the ongoing improvements in infrastructure and technology.\u003c\/p\u003e\n\n\u003cp\u003eRestraints\u003c\/p\u003e\n\n\u003cp\u003eCostly Implementation\u003c\/p\u003e\n\n\u003cp\u003eA smart parking system is an advanced and cutting-edge piece of technology. Its implementation necessitates substantial investments in infrastructure, technology, and overall upkeep. It must also be operated by skilled personnel who have received appropriate training. Although government officials in developed countries are enthusiastic about this system, many emerging economies are skeptical due to its prohibitively high cost.\u003c\/p\u003e\n\n\u003cp\u003eImpact of COVID-19 on Japan Smart Parking Systems Market\u003c\/p\u003e \n\n\u003cp\u003eThe strict lockdowns and social isolation used to stop the COVID-19 virus's spread hurt the smart parking market. The demand for smart parking was impacted by the unstable economy, a portion of businesses being shut down, and low consumer confidence. The logistics and supply chain processes suffered during the pandemic. The smart parking market is expected to gain traction in the post-pandemic scenario as restrictions are relaxed.\u003c\/p\u003e\n\n\u003cp\u003eJapan Smart Parking Systems Market – By Type\u003c\/p\u003e\n\n\u003cp\u003eJapan smart parking systems market by type is segmented into off-street and on-street smart parking systems. The off-street market segment dominates the Japan market for parking systems. The increase in businesses that offer applications for using spaces for parking in single slots can be blamed for the increase in off-street parking. To address parking issues, several smart city and road development initiatives call for effective parking space utilization using sensor-based vehicle detection technology. The rise in the number of industries that need parking and smart detection facilities will also support the segment's growth during the forecast period.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape\u003c\/p\u003e\n\n\u003cp\u003eMajor companies in Japan smart parking systems market include Aisin Seiki, Altiux Innovations, Amano Corporation, Amano McGann Inc, BMW Group, Continental AG, Daimler AG, Eito \u0026amp; Global Inc., Giken Limited, IHI Parking System, Nissei Build Kogyo, Siemens AG, Valeo S.A, and Volkswagen AG. These companies use various strategies, including increasing investments in their R\u0026amp;D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Japan smart parking systems market.\u003c\/p\u003e\n\n\u003cp\u003eThe in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Japan Smart Parking Systems Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Japan Smart Parking Systems Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.\u003c\/p\u003e","brand":"Service Industrries","offers":[{"title":"January, 2023 \/ 140 Pages \/ MCW16271472","offer_id":47707509522738,"sku":null,"price":3540.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/japan-smart-parking-systems-market-by-type-off-street-on-street-by-technology-internet-of-things-iot-ultrasonic-rfid-by-application-security-surveillance-smart-payment-systems-parking-license-plate-recognition-by-hardware-pucks-came","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}