Press release
Automatic License Plate Recognition (ALPR) Systems Market will reach 1270 million US$ in 2023
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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Global Automatic License Plate Recognition (ALPR) Systems Market: Forecast by Type / Application / Region
In this study, the market for the Automatic License Plate Recognition (ALPR) consumption divided into five geographic regions. Europe was the largest market for ANPR systems in 2017. The large market in this region can be attributed to the high adoption of intelligent transportation systems for traffic management, tolling management, law/police enforcement, and other applications.
Factors that are driving this market include the infrastructure growth in emerging economies, increasing allocation of funds by various governments on intelligent transport system (ITS), deployment of camera technologies in security and surveillance, and traffic enforcement application, and the growing usage of video analytics technology for intelligent monitoring of vehicles.
The worldwide market for Automatic License Plate Recognition (ALPR) Systems is expected to grow at a CAGR of roughly 12.0% over the next five years, will reach 1270 million US$ in 2023, from 640 million US$ in 2017, according to a new GIR (Global Info Research) study.
This report focuses on the Automatic License Plate Recognition (ALPR) Systems in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Global Nonferrous Metal Recycling Market:Key Players
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
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Related Information:
United States Automatic License Plate Recognition (ALPR) Systems Market 2018 Forecast to 2023
Europe Automatic License Plate Recognition (ALPR) Systems Market 2018 Forecast to 2023
North America Automatic License Plate Recognition (ALPR) Systems Market 2018 Forecast to 2023
Asia-Pacific Automatic License Plate Recognition (ALPR) Systems Market 2018 Forecast to 2023
China Automatic License Plate Recognition (ALPR) Systems Market 2018 Forecast to 2023
EMEA Automatic License Plate Recognition (ALPR) Systems Market 2018 Forecast to 2023
Global Automatic License Plate Recognition (ALPR) Systems Market 2018 Forecast to 2023
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