Automatic Number Plate Recognition System Market Report - Future Demand and Market Prospect Forecast (2020-2027)

Automatic Number Plate Recognition System Market Report - Future Demand and Market Prospect Forecast (2020-2027)

Global Market Monitor recently published a market research report on Automatic Number Plate Recognition System, which studied Automatic Number Plate Recognition System industry outlook, competitive situation, regional market analysis, type & application segment analysis, and market trend forecast by 2026.

The global automatic license plate recognition system market size is estimated to reach USD 2.4 billion by 2025. North America maintained its dominant position in the market, holding the highest market share due to the rapid digitization of traffic monitoring devices on highways, bridges, and tunnels. The method of configuring automatic license plate recognition devices with IoT capabilities with traffic monitoring devices is gaining more and more attention. The need for unattended intervention of traffic monitoring devices is likely to influence the regional market growth over the forecast period. Ongoing research and development activities in North America for the development of radar-based automatic license plate recognition systems will drive the demand for fixed systems. Asia Pacific is expected to be the fastest growing regional market over the next five years. In countries such as China, Vietnam, Indonesia, and South Korea, ANPR systems are increasingly being used for traffic control, traffic enforcement, and parking regulations. Moreover, the rapid development of smart cities is leading to an increase in the demand for this equipment. In these economies, the increasing focus on road patrol is expected to drive the demand for handheld automatic license plate recognition systems.

Automatic number-plate recognition is a technology that uses optical character recognition on images to read vehicle registration plates to create vehicle location data.

Automatic license plate recognition system is a technology used for mass surveillance to capture images of vehicles. Vehicle Identification Registration Number. The increase in vehicle theft has led to an increase in the demand for these systems by law enforcement agencies. In addition, growing concern over the use of these vehicles for crimes such as kidnapping and robbery is driving the market. Automatic license plate recognition systems are providing greater efficiency for automatic toll collection, auto theft, traffic control, and transit. In addition, the significant rise in the adoption of these systems in perimeter security and access control applications is a major driving factor.

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Key Market Players Profile
Key market players covered in the report such as:
Bosch Security Systems
Vigilant Solutions
Vaxtor Technologies
Siemens AG
NDI Recognition Systems LLC
ARH
Digital Recognition Systems
ELSAG North America LLC
Q-Free ASA
Genetec
Viion Systems Inc

These players’ market share, revenue, company profile, and SWOT analysis are covered in the Automatic Number Plate Recognition System report. In the future, production and consumption are estimated to continue developing with a stable growth rate. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.

Automatic Number Plate Recognition System End-users:
Security & surveillance
Vehicle parking
Traffic management

Segmentation on the Basis of Type:
Fixed ANPR Systems
Mobile ANPR Systems
Portable ANPR Systems

Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Automatic Number Plate Recognition System Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Automatic Number Plate Recognition System Market by Types
4 Segmentation of Automatic Number Plate Recognition System Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Automatic Number Plate Recognition System Market in Major Countries
7 North America Automatic Number Plate Recognition System Landscape Analysis
8 Europe Automatic Number Plate Recognition System Landscape Analysis
9 Asia Pacific Automatic Number Plate Recognition System Landscape Analysis
10 Latin America, Middle East & Africa Automatic Number Plate Recognition System Landscape Analysis
11 Major Players Profile
…

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Key Regions Overview
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.

In-depth Automatic Number Plate Recognition System Market Report: Intended Audience
Automatic Number Plate Recognition System manufacturers
Downstream vendors and end-users
Traders, distributors, and resellers of Automatic Number Plate Recognition System
Automatic Number Plate Recognition System industry associations and research organizations
Product managers, Automatic Number Plate Recognition System industry administrator, C-level executives of the industries
Market Research and consulting firms

Key questions answered in the report
What will the market size and growth rate be in 2026?
What segment or region will drive or lead market growth and what are the reasons?
How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
What key strategies are used by top vendors to increase revenue?

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