Automatic Number Plate Recognition Market Size is Estimated to Reach USD 5,825 Million by 2030

The Global Automatic Number Plate Recognition (ANPR) Market Size was valued at USD 2,598 Million in 2021 and is predicted to be worth USD 5,825 Million by 2030, with a CAGR of 9.6% from 2022 to 2030.

Automatic number plate recognition (ANPR) is a system used in total surveillance to take images of automobiles in order to identify their registration numbers. The surge in vehicle robberies has increased demand for such systems amongst criminal justice systems. Furthermore, mounting concerns about the use of these vehicles in crimes such as kidnapping and robbery are propelling the ANPR market.

An automatic number plate recognition (ANPR) technology is a device that reads car license plates using optical character identification on imagery to generate vehicle position information. The collected data by the ANP recognition system can be connected to the automotive and individual databases maintained by law enforcement departments such as driver and car licensing agencies and the Police National Highway Authority. Automatic number plate recognition (ANPR) uses Detection and recognition and Classification technology to determine license plates on cars in perfect sync. Various recognition systems, among other closed-circuit surveillance, webcams, as well as feature extraction, are employed to identify license plates. Moreover, these systems have boosted the efficiency of automated fare collection, collecting taxes, car theft, collision avoidance, and security checkpoints. ANPR programs are generally employed in recognizing excessive car speed, traffic rules and regulations enforcement, and computerized toll collection centers. There has recently been an increasing awareness amongst motorists about freeway speed restrictions, which has lessened highway accidents to several measures.

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Global Automatic Number Plate Recognition Market Dynamics

The rising demand for ANPR technologies for surveillance and security purposes can be ascribed to the market's expansion. The ANPR system is a massive surveillance technology that reads vehicle license plates. ANPR technologies are used to identify, mitigate, and prevent criminality at the municipal, regional, as well as state, and national levels. It is intended to combat organized crime syndicates, roving thieves, and terrorists. Furthermore, agencies of law enforcement use the ANPR technology to give evidence and avenues of inquiry in criminal investigations.

Automatic Number Plate Recognition Market Regional Outlook

The automatic number plate recognition (ANPR) market is categorized into five regions: Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa. The automated number plate recognition industry analysis predicts that in 2021, the North American region will account for a sizable share of the market. The fast digitalization of transportation monitoring systems on freeways, roadways, and walkways is responsible for this increase. Over the forecast period, an IoT-enabled technique for configuring automatic number plate recognition technology with traffic surveillance systems is gaining acceptance. In the upcoming decade, demand for human-free involvement in traffic surveillance systems is most likely to influence regional market growth. Moreover, in North America, ongoing study and development initiatives for radar-based automated license plate recognition are projected to boost demand for stationary systems.

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Market Segmentation

The global automatic number plate recognition (ANPR) market is separated into application and end-user, according to Acumen Research and Consulting. In term of application, the segment has been classified into security and surveillance, traffic management, vehicle parking, and toll enforcement. In term of end-user, the segment is categorized into government (homeland security, defense, defense, traffic department), and commercial (dedicated car parks, entertainment and recreation facilities).

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Automatic Number Plate Recognition Market Players

Some of the prominent automatic number plate recognition (ANPR) market companies are Bosch Security Systems, Inc., Tattile S.r.l., NDI Recognition Systems LLC, ELSAG North America LLC, Genetec, Inc., Siemens AG, Vigilant Solutions, Q-Free ASA, ARH, Inc., PIPS Technology Ltd., and Digital Recognition Systems, Ltd.

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This release was published on openPR.