Automatic Number Plate Recognition (ANPR) System  Market Analysis by Key Players, Industry Growth, Size, Share, Trends, Sales Forecast and Supply Demand to 2025

Global Automatic Number Plate Recognition (ANPR) System Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

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Global Automatic Number Plate Recognition (ANPR) System market is expected to grow from $2.57 billion in 2018 to reach $6.22 billion by 2025 with a CAGR of 14.5%. Developments in infrastructure across globally, huge funds allocation by various governments and increasing usage of video analytics technology are some of the factors supporting the market growth. On the contrary, variation in number plate designs is a major factor limiting the market growth.

The growth in the global ANPR system market can be attributed to the increasing adoption of automated technologies for toll management and parking management, thereby eliminating manual labor and associated expenditures. In addition to this, the growing urbanization leading to growing sales of vehicles around the world is compelling the need for efficient traffic management tools, subsequently driving the global ANPR systems market. Moreover, proactive implementation of electronic toll collection systems at roads, highways, bridges, parking lots, etc. by government would further augment the demand for ANPR systems over the coming years.

Applications Covered:

Traffic Management
Parking Management
Law Enforcement
Electronic Toll Collection
Toll Enforcement
Security and Surveillance
Access Control
Types Covered:

Portable ANPR Systems
Fixed ANPR Systems
Mobile ANPR Systems
Global Automatic Number Plate Recognition (ANPR) System Marketis a powerful technology used to accurately read vehicle number plates without human intervention. Capturing High speed images with supporting illumination, detecting characters from the images, verification of the character sequences from the license plates, character recognition to convert image to text, are used to identify the license plate and the associated text of that plate. Growing need for deploying camera technologies to enhance security and surveillance, and empower traffic enforcement applications and infrastructural growth in emerging economies are the factors that have driven the market for ANPR system market.

This report studies the global Automatic Number Plate Recognition (ANPR) System market, analyzes and researches the Automatic Number Plate Recognition (ANPR) System development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Vigilant Solutions, Inc.
3M Company
Elsag North America LLC
ARH Inc.
Q-Free ASA
Siemens AG
Genetec Inc.
Bosch Security Systems, Inc.
Tattile S.R.L.
CA Traffic Ltd
Digital Recognition System Ltd.
NDI Recognition Systems Ltd.

Based on Types, the market report segments the market into Fixed and Mobile & Portable. Based on Components, the Global Automatic Number Plate Recognition (ANPR) System market report segments the market into ANPR Cameras, ANPR Software, Frame Grabber, Triggers and Others. Based on Applications, the market report segments the market into Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, and Access Control.

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This release was published on openPR.