According to Business Research Insights, the smart parking system market was valued at approximately USD 8.1 billion in 2024 and is expected to grow at a CAGR of 13.7% between 2025 to 2033, reaching a value of USD 25.46 billion by the end of the study period. Smart parking systems are an integral part of the smart city concept and is vital for highly compact and densely populated areas. A different report by Grand View Research stated that North America was the main market of smart parking in 2022 when the region held 35% of the global share. The growing urban population is likely going to increase the probability and frequency of traffic congestion.
Industry: Smart City
Application: Smart Parking
Solution: DFI EC700-ASL, EC700-ADN, EB100-MTU, EC70A-ADN
Governments from around the world including US, Japan, South Korea, India, Germany, China, and Brazil are expected to launch their smart city projects, including smart parking systems which further gives a positive outlook to the market. As a result, the Asia Pacific market is expected to be the fastest growing region with a 25.4% CAGR between their study periods of 2023 to 2030; overtaking the global CAGR of 22.1%.
As with other systems applied in smart city, hardware for smart parking systems will need certain specifications; in addition to reliable and high computing power. This article will introduce how DFI’s Ultra Compact Fanless PC can help in the operations of smart parking systems.
Imagine if you will that after a long time waiting, you finally managed to purchase tickets for a new amusement park. You applied for a day off to go there at sunrise with your friends and family, only to be met with a veritable ocean of cars and not a single empty spot for your car. You waited for an hour until a family entered their car and left before quickly parking your own vehicle and rush in to the park. Then after having a day of fun with the rides and attractions, you are finally ready to leave only to forget where you parked your car and having to pay more in parking fees. In addition, imagine what happens to the average parking facility operators: long queues that might make people look for different places to park in, potential fraud due to people leaving before they pay or using incorrect tickets, inefficient allocation of your employee’s manpower, all while operating on systems that might be prone to damages due to harsh conditions, on top of the other general operational concerns.
Now imagine if you can drive at a more reasonable time, directly go into an empty parking spot, have fun, then go home all without having to wait in your car, idling and wasting both time and gas. In addition, short queues as people quickly pay their fees and leave following clearly planned routes without having to wait for the person in front of them as they search for their ticket frantically; no more looking for change to pay the fees either because you have paid it earlier with the facility’s payment kiosk. This scenario is very achievable with a smart parking system.
Smart parking benefits multiple stakeholders. It can help drivers find parking space faster; reducing idle time, pollution, and stress levels. For businesses, smart parking can potentially attract customers and improve customer traffic to their establishment. Parking facility operators will be able to improve operational efficiency, reduce costs, and optimize revenue by collecting data on their customers; while their employee will be able to achieve more meaningful results that does not rely on monotony. City governments can also benefit from improving the efficiency of their parking systems as they can reduce the frequency of repairs, generated pollution, and more.
The smart parking market continues to evolve as existing technologies change and grow. The next iteration of smart parking will include the adoption of more AI-driven solutions, Internet of Things (IoT) integration, as well as the introduction of more autonomous systems, smart payment systems, analytics, and improved security & surveillance. Data transmission and processing will be vital in smart parking systems to ensure a smooth and efficient flow of information from sensors or IoT devices to the central management system.
To leverage this ongoing trend, DFI has collaborated with partners from the APAC region to deliver a fast, accurate, and convenient parking experience. Leveraging the strengths of DFI as a provider of ruggedized embedded platforms alongside partners: electric payment developer – Wei Long Electronics and Taiwan based display technology maker - Data Image, we introduce the IAE Smart Parking Solution.
Titled IAE (Innovative, Automated, and Efficient) Smart Parking Solution, the system leverages AI to deliver a fast, accurate, and hassle-free parking experience, improving urban mobility and reducing driver stress through real-time guidance, space prediction, and seamless payments. The system combines the smart parking solution developed by Wei Long Electronics, outdoor rugged HMI solutions by Data Image, as well as DFI’s ultra-compact fanless industrial PCs. Designed for space-limited and compute-intensive solutions in harsh environments, DFI’s Ultra Compact Fanless Systems deliver outstanding processing capabilities in a fanless and compact enclosure.
With its modular design and expandable features, DFI’s computing platforms are capable of operating in a wide temperature range with IPC-grade quality and protective coating for extreme reliability in harsh environments. DFI’s EC700-ASL, EC700-ADN, EC70A-ADN, and EB100-MTU are capable of bringing high level computing performance in a fanless and compact enclosure for space-limited and compute-intensive solutions.
Designed for harsh environments, seamless integration for space limited applications.
Learn more about DFI’s EC700-ASL, EC700-ADN, EB100-MTU, EC70A-ADN