Global Automotive Automated Parking System Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By System;

Hardware and Software.

By End User;

Residential and Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn005273120 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Automotive Automated Parking System Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Automated Parking System Market was valued at USD 2,411.04 million. The size of this market is expected to increase to USD 7,771.91 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 18.2%.

The global automotive automated parking system market is experiencing a significant surge in demand, driven by the growing need for efficient parking solutions in urban areas, increasing vehicle ownership, and the adoption of advanced driver assistance systems (ADAS) in modern vehicles. Automated parking systems represent a transformative innovation in the automotive industry, offering drivers a convenient and hassle-free solution to the challenges of urban parking. This introduction of automation into parking operations reflects a broader trend towards smart mobility solutions and the integration of technology to enhance the driving experience.

One of the primary drivers propelling the growth of the global automotive automated parking system market is the escalating urbanization and congestion in cities worldwide. As urban populations continue to expand, parking spaces become scarce, leading to increased competition for parking spots and traffic congestion. Automated parking systems address this challenge by utilizing advanced sensor technology, robotics, and artificial intelligence to optimize parking space utilization, reduce parking times, and alleviate traffic congestion in urban areas.

The rising adoption of ADAS and autonomous driving technologies in modern vehicles is driving the demand for automated parking systems. Automated parking systems leverage sensors, cameras, and vehicle-to-infrastructure (V2I) communication to enable vehicles to autonomously navigate and park in designated parking spaces without human intervention. As automakers integrate these technologies into their vehicles, consumers increasingly expect automated parking capabilities as part of the overall driving experience, further fueling the growth of the automated parking system market.

Environmental concerns and sustainability initiatives are driving the adoption of automated parking systems as part of smart city development projects. By reducing the need for large parking structures and minimizing vehicle idling and circling in search of parking, automated parking systems contribute to lower emissions, improved air quality, and reduced urban sprawl. This aligns with the objectives of municipal governments and urban planners to create more livable, sustainable cities with efficient transportation systems.

Despite the promising market prospects, challenges such as high initial costs, technological complexity, and regulatory barriers may hinder the widespread adoption of automated parking systems. Additionally, consumer acceptance and trust in autonomous parking technology remain key factors influencing market growth and adoption rates. Nonetheless, as technology advances, costs decrease, and consumer awareness grows, the global automotive automated parking system market is poised for substantial growth, revolutionizing urban mobility and parking solutions worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By System
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Automotive Automated Parking System Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization
        2. Vehicle Ownership
        3. Advanced Driver Assistance Systems (ADAS)
        4. Smart Mobility
      2. Restraints
        1. Cost
        2. Technological Complexity
        3. Regulatory Barriers
        4. Consumer Acceptance
      3. Opportunities
        1. Smart Cities
        2. Urban Development
        3. Sustainability Initiatives
        4. Advanced Technology Adoption
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Automotive Automated Parking System Market, By System, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
    2. Global Automotive Automated Parking System Market, By End User, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
    3. Global Automotive Automated Parking System Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. SKYLINE PARKING Fehr Lagerlogistik AG
      2. Unitronics Corporation
      3. FATA Automation
      4. wohr Parking System Pvt. Ltd.
      5. Dayang Parking Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market