Automatic License Plate Recognition (ALPR) Market Will Reach 1570 Million US in 2025 & Growing at a CAGR of 11.9% From 2018

This study researches the market size of Automatic License Plate Recognition (ALPR) in United States, European Union and China, presents the Automatic License Plate Recognition (ALPR) production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2013 to 2018.

Automatic number-plate recognition (ANPR; see also other names below) is a technology that uses optical character recognition on images to read vehicle registration plates to create vehicle location data. It can use existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. ANPR is used by police forces around the world for law enforcement purposes, including to check if a vehicle is registered or licensed. It is also used for electronic toll collection on pay-per-use roads and as a method of cataloguing the movements of traffic, for example by highways agencies.

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Of the major players of the Automatic License Plate Recognition (ALPR) market, Neology maintained its first place in the ranking in 2017. Neology accounted for 6.95% of the Global Automatic License Plate Recognition (ALPR) market share in 2017. Other players accounted for 6.26%, 5.70% including Siemens and Elsag.

In 2018, the market size of Automatic License Plate Recognition (ALPR) is 640 million US$ and it will reach 1570 million US in 2025, growing at a CAGR of 11.9% from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US in 2025, with a CAGR of xx% during forecast period.

In this report, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Automatic License Plate Recognition (ALPR).

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In United States, European Union and China market, the following companies are covered:

Neology

Siemens

Elsag

Kapsch TrafficCom

ARH

Genetec

Bosch Security Systems

NDI Recognition Systems

Tattile

Arvoo Imaging Products

Shenzhen AnShiBao

Petards Group

Digital Recognition Systems

CA Traffic

Clearview Communications

GeoVision

NEXCOM

HTS

TagMaster

ParkingEye Limited

AlertSystems

MAV Systems

Market Segment by Product Type

Cameras

Hardware

Software& Services

Market Segment by Application

Traffic Management& Law Enforcement

Electronic Toll Collection

Car Park Management

Key Regions split in this report:

United States

China

European Union

Rest of World (Japan, Korea, India and Southeast Asia)

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The study objectives are:

To analyze and research the Automatic License Plate Recognition (ALPR) status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.

To present the key Automatic License Plate Recognition (ALPR) manufacturers, presenting the sales, revenue, market share, and recent development for key players.

To split the breakdown data by regions, type, companies and applications

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

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