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LPR Cameras Market to Witness Robust Expansion by 2024– Top Key players like Neology (3M),Siemens,Kapsch TrafficCom,Inc.
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License Plate Recognition (LPR) cameras, also known as License Plate Capture (LPC) cameras, are a specialized form a CCTV security cameras.
The LPR Cameras industry is not concentrated. A variety of manufacturers ranging from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 30% of the revenue market. Regionally, Europe is the biggest production area of LPR Cameras, also the leader in the whole LPR Cameras industry.
Europe occupied 38% of the production market in 2017. It is followed by North America and Asia Pacific (Ex-China), which respectively have around 27% and 16% of the global total industry. Other countries have a small amount of production. Geographically, Europe is also the largest consumption market in the world, which took about 32% of the global consumption volume in 2017. North America shared 26% of global total.
For price trend analysis, a key variable in the performance of LPR Cameras producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
According to this study, over the next five years the LPR Cameras market will register a 8.3% CAGR in terms of revenue, the global market size will reach US$ 510 million by 2024, from US$ 340 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in LPR Cameras business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Neology (3M)
Siemens
Kapsch TrafficCom
Vivotek
ARH
GeoVision
Genetec
Tattile
Bosch Security Systems
NEXCOM
HTS
Elsag
TagMaster
Petards Group
NDI Recognition Systems
Shenzhen AnShiBao
ParkingEye Limited
AlertSystems
Euro Car Parks Limited (UK)
CA Traffic
Vigilant Solutions, Inc. (US)
PaisAn
Market Segment by Type, covers
Mobile LPR Cameras
Fixed LPR Cameras
Portable LPR Cameras
Market Segment by Applications, can be divided into
Traffic Management
Law Enforcement
Electronic Toll Collection
Parking Management
Others
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Related Information:
North America LPR Cameras Market Growth 2019-2024
United States LPR Cameras Market Growth 2019-2024
Asia-Pacific LPR Cameras Market Growth 2019-2024
Europe LPR Cameras Market Growth 2019-2024
EMEA LPR Cameras Market Growth 2019-2024
Global LPR Cameras Market Growth 2019-2024
China LPR Cameras Market Growth 2019-2024
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