ANPR system is a technology that is used to read vehicle registration plates through the optical character recognition on images. This system uses the existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. ANPR system is usually used by police forces all over the world for law enforcement purposes, where it performs the task to check if a vehicle is registered or licensed. It is also used in the places where electronic toll collection and pay-per-use roads are executed.
How Big is The Global Automatic Number Plate Recognition (ANPR) System Market?
The Global ANPR system market is expected to be around US$ 4 Billion by 2025 at a CAGR of 9.74% in the given forecast period.
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The major driving factors of global ANPR system market are as follows:
Growth in high technological security
Allocation of funds from governments for intelligent transport system (ITS)
Large number of players engaged in the production of an integrated ANPR system
Demand from end users such as traffic management, parking management, toll collection
The restraining factors of global ANPR system marketare as follows:
Major restraint of ANPR is non-uniformity of number plate with respect to their text pattern, design, and font size
Developers are incapable to overcome this issue at the time of development of ANPR systems
The global ANPR system market is segmented on the lines of its technology, treatment, application and regional. Based on technology segmentation it covers (Fixed, Portable, Mobile); and based on end user/application it covers (Law Enforcement, Traffic Management, Electronic Toll Collection, Parking Management and other application). The global ANPR system marketon geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for ANPR system and related technologies.
2) Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025.
3) Identifications of new market opportunities and targeted promotional plans for global ANPR system market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of global and regional markets on ANPR Marketwith the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Conduent, KapschTrafficCom AG, Siemens AG, Q-Free ASA, Genetec, Bosch Security Systems GmbH, Neology, TagMaster North America, Tattile, NDI Recognition Systems, Euro Car Parks Limited, Quercus Technologies, Vigilant Solutions, Elsag North America, ARH, Digital Recognition System, Beltech
ANPR International, HTS, FF Group. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The global ANPR system markethas been segmented as below:
By Technology Analysis:
By Application Analysis:
Electronic Toll Collection
By Regional Analysis:
Rest of the World
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