Autonomous Parking System Market Report 2025 (Global Edition)

Global Autonomous Parking System Market Report 2025 Market Size Split by Component (Hardware, Software), by Application (Residential parking, Commercial parking), by Structure Type (Silo System, Tower...

Autonomous Parking System Market Report Description

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Competitive Landscape of the Autonomous Parking System

The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major Autonomous Parking Systems Market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.

• In November 2021, Westfalia Technologies, Inc., a leading provider of logistics solutions for manufacturers and distributors, announced its automation technology will be installed in the new Ken's Foods, Inc. warehouse located in McDonough.

(Source:www.westfaliausa.com/company/news/kens-foods-selects-westfalia-to-automate-new-warehouse)

Top Companies Market Share in Autonomous Parking System Industry: (In no particular order of Rank)

• Robotic Parking Systems Inc.
• Skyline Parking
• Klaus Multiparking
• Westfalia Parking
• FATA Automation
• Park+
• Unitronics Inc.
• Parkmatic
• Wohr Parking Systems Pvt. Ltd.
• T2 Systems
• Bosch
• Westfalia Technologies Inc.
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North America dominated the market in 2023. It accounted for around 36% of the global revenue

According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 36% of the global revenue, attributed to the region's robust technological infrastructure, high consumer acceptance of autonomous technologies, and proactive regulatory initiatives promoting the development and deployment of autonomous vehicles and parking systems. The prevalence of major automotive and technology hubs, coupled with a strong inclination toward smart city initiatives, positions North America as a key driver of market growth.

Europe is the fastest-growing category, as supportive government policies, stringent environmental regulations, and a strong emphasis on sustainable urban development drive the region. The continent's commitment to reducing traffic congestion and enhancing parking efficiency aligns with the capabilities of autonomous parking systems. Moreover, collaborative efforts between automotive manufacturers, technology companies, and urban planners contribute to the successful integration of these systems into European cities.

The current report Scope analyzes Autonomous Parking System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Autonomous Parking System

According to Cognitive Market Research, the global Autonomous Parking Systems Market size was estimated at USD 1651.2 Million, out of which North America held the major market of more than 40% of the global revenue with market size of USD 660.48 million in 2023 and will grow at a compound annual growth rate (CAGR) of 16.4% from 2023 to 2030 fuelled by the increasing adoption of autonomous parking systems, driven by the ongoing development of smart cities, rising demand for advanced mobility solutions, and a continuous focus on enhancing overall parking efficiency. The favorable market conditions and proactive initiatives in North America position the region as a key contributor to the anticipated global growth in the Autonomous Parking Systems market over the forecast period. According to Cognitive Market Research, commercial parking is driven by the imperative for efficient and dynamic parking solutions in business environments. With an increasing emphasis on enhancing customer experience and optimizing operational efficiency, businesses are turning to Autonomous Parking Systems to address parking challenges. These systems offer a seamless and automated approach to parking, reducing congestion and enhancing accessibility for customers and employees.

Europe Autonomous Parking System

According to Cognitive Market Research, with a market value of USD 1651.2 million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 16.7% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 495.36 million due to the increasing awareness and acceptance of autonomous solutions, coupled with a strong emphasis on improving parking efficiency, position Europe as a key driver in the global expansion of the autonomous parking systems market over the forecast period. According to Cognitive Market Research, hardware is a significant consumer segment due to the escalating demand for robust sensor technologies and advanced components within Autonomous Parking Systems. The increasing complexity of these systems, necessitating high-performance sensors, cameras, and other hardware components, fuels the growth of this segment. As autonomous parking systems evolve to meet higher safety and accuracy standards, there is a surge in the adoption of cutting-edge hardware solutions to support enhanced sensing capabilities and real-time data processing.

Asia Pacific Autonomous Parking System

According to Cognitive Market Research, the global Autonomous Parking Systems Market size was estimated at USD 1651.2 Million, out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 379.78 million in 2023 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2023 to 2030 due to the region's commitment to shaping the future of transportation through the integration of autonomous parking systems, making Asia Pacific a key contributor to the evolving landscape of autonomous parking technologies on a global scale. According to Cognitive Market Research, software has a pivotal role in the functionality and intelligence of Autonomous Parking Systems. The software component is integral for processing data from sensors and cameras, executing complex algorithms for vehicle navigation and parking, and ensuring the overall efficiency and safety of the autonomous parking process.

South America Autonomous Parking System

According to Cognitive Market Research, the global Autonomous parking systems market size was estimated at USD 1651.2 Million out of which the Latin America market has more than 5% of the global revenue with a market size of USD 82.56 million in 2023 and will grow at a compound annual growth rate (CAGR) of 17.6% from 2023 to 2030 influenced by factors such as increasing urbanization, a rising awareness of smart mobility solutions, and a growing demand for efficient parking management. This growth is indicative of the region's commitment to adopting advanced technologies and improving urban infrastructure, positioning Latin America as a significant player in the evolving landscape of autonomous parking systems on a global scale. According to Cognitive Market Research, the tower system is driven by its innovative vertical stacking approach and space-saving capabilities. This system involves the construction of multi-level towers for automated parking, enabling efficient utilization of limited space in urban environments. Tower Systems are gaining momentum due to their ability to accommodate a large number of vehicles in a compact footprint, making them well-suited for areas where land is at a premium.

Middle East Autonomous Parking System

According to Cognitive Market Research, the global Autonomous Parking Systems Market size was estimated at USD 1651.2 Million, out of which Middle East and Africa held the major market of more than 2% of the global revenue with market size of USD 33.02 million in 2023 and will grow at a compound annual growth rate (CAGR) of 17.9% from 2023 to 2030 attributed to the Middle East and Africa's increasing urbanization, rising demand for smart mobility solutions, and a growing emphasis on adopting innovative technologies. As the region focuses on modernizing urban infrastructure and addressing parking challenges, the autonomous parking systems market is expected to play a pivotal role in enhancing mobility solutions and contributing to the evolution of urban transportation in the Middle East and Africa. According to Cognitive Market Research, the silo system segment has grown substantially due to its efficient and space-saving design. This system involves vertical stacking of vehicles in designated structures, optimizing available space in urban environments where land is often limited. Silo-based autonomous parking solutions provide a practical and innovative approach to addressing parking challenges in densely populated areas.

Autonomous Parking System Market Analysis

Autonomous Parking System Type Segment Analysis

According to Cognitive Market Research, software type held the major market share over the forecast period due to its pivotal role in the functionality and intelligence of Autonomous Parking Systems. The software component is integral for processing data from sensors and cameras, executing complex algorithms for vehicle navigation and parking, and ensuring the overall efficiency and safety of the autonomous parking process.

Hardware is the fastest-growing category over the forecast period due to the escalating demand for robust sensor technologies and advanced components within Autonomous Parking Systems. The increasing complexity of these systems, necessitating high-performance sensors, cameras, and other hardware components, fuels the growth of this segment.

• Hardware
• Software

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Autonomous Parking System Industry. Request a Free Sample PDF!

Autonomous Parking System Application Segment Analysis

According to Cognitive Market Research, residential hold a prominent market share as the demand for convenient parking solutions continues to rise in urban and suburban neighborhoods. The increasing population density in residential areas, coupled with limited parking spaces, has driven the need for efficient parking management. Autonomous Parking Systems offer residents the advantage of optimizing available parking infrastructure, reducing congestion, and enhancing overall convenience.

The commercial is the fastest-growing category over the forecast period, driven by the imperative for efficient and dynamic parking solutions in business environments. With an increasing emphasis on enhancing customer experience and optimizing operational efficiency, businesses are turning to Autonomous Parking Systems to address parking challenges. These systems offer a seamless and automated approach to parking, reducing congestion and enhancing accessibility for customers and employees.

• Residential parking
• Commercial parking

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Autonomous Parking System Structure Type Segment Analysis

According to Cognitive Market Research, the Silo system hold a prominent market share due to its efficient and space-saving design. This system involves vertical stacking of vehicles in designated structures, optimizing available space in urban environments where land is often limited. Silo-based autonomous parking solutions provide a practical and innovative approach to addressing parking challenges in densely populated areas.

Tower System is the fastest-growing category over the forecast period, driven by its innovative vertical stacking approach and space-saving capabilities. This system involves the construction of multi-level towers for automated parking, enabling efficient utilization of limited space in urban environments. Tower Systems are gaining momentum due to their ability to accommodate a large number of vehicles in a compact footprint, making them well-suited for areas where land is at a premium.

• Silo System
• Tower System

Autonomous Parking System Automation Level Segment Analysis

According to Cognitive Market Research, semi-automated hold a prominent market share as they strike a balance between innovation and user familiarity. These systems, which require some level of driver involvement, are often preferred for their seamless integration with existing vehicle fleets and infrastructure. The market prominence of semi-automated systems is attributed to their practical approach, providing users with a sense of control while still benefiting from automated parking assistance.

Fully automated is the fastest-growing category over the forecast period, fuelled by the increasing demand for advanced and hands-free parking solutions. Fully automated systems, requiring no driver intervention, offer unparalleled convenience and efficiency. As technological advancements continue to enhance the reliability and safety of autonomous driving, consumers are increasingly drawn to the prospect of a fully automated parking experience.

• Semi-automated
• Fully automated

Autonomous Parking System Platform Type Level Segment Analysis

According to Cognitive Market Research, pallets hold a prominent market share driven by their versatility and adaptability to various environments. This category involves the use of pallets or movable platforms to transport and park vehicles autonomously within designated structures. Palletized systems are particularly favored for their ability to cater to different vehicle sizes and types, accommodating a wide range of mobility solutions from traditional cars to electric vehicles and even bicycles.

Non-palleted is the fastest-growing category over the forecast period, driven by its streamlined and adaptable approach to automated parking. In contrast to palletized systems, non-palletized solutions eliminate the need for individual platforms, allowing for a more flexible and scalable design. This category is characterized by its ability to efficiently utilize available space without the constraints imposed by fixed pallet structures.

• Palleted
• Non-palleted

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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