The Market for Automatic Number Plate Recognition Systems is Anticipated to Expand at a CAGR of 9.5% by the end of 2030

Automatic Number Plate Recognition System Market Overview

Law enforcement authorities have been forced to establish safety measures and stringent management systems as a result of an increase in traffic accidents caused by infractions of traffic laws. Traffic departments all over the world employ automatic number plate recognition (ANPR) systems to regulate traffic flow and safety.

Open traffic is made possible by ANPR technology, which speeds up movement and causes less financial loss. For tolling, congestion pricing, speed control, and travel time management, among other things, the data collected by the ANPR cameras can be used. The market for automated number plate recognition (ANPR) systems is expected to expand greatly because of how frequently they are utilised in traffic surveillance applications.

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Rising Demand for ANPR Systems for Smart Parking

Automatic number plate systems provide fast traffic control in parking lots, the automation of access control systems with the implementation of a ticket-free system, and new, effective methods of law enforcement. ANPR cameras are set higher to ensure a larger field of vision of the entire parking lot, allowing for the capturing of the vehicle's licence plate number as it enters or exits the building.

ANPR cameras are integrated with vehicle parking management systems that contain the record of entrance and exit timing information of the authorized vehicle, along with parking location and owner's information. If any car in the parking is damaged by another car, the information about the vehicle and the liable person who has damaged the parked car in the parking lot can be found from the system records. For overcoming such challenges, their adoption is increasing for smart parking, boosting the growth of the automatic number plate recognition system market.

Increasing Demand for Mobile ANPR Aiding Market Growth

Mobile ANPR systems have the latest gen featuring sensors that scan up to 60 license plates per second, both, rear and font, under all the light conditions. These mobile ANPR systems are a smart solution to prevent road accidents, as they provide a tireless watchful eye on the road, since they are installed in specific vehicles used by intelligence services or emergency services to support protection and surveillance operations.

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Automatic Number Plate Recognition System Market - Competition Landscape

Innovation of new products and strategic partnerships are key strategies being followed by top companies in the automatic number plate recognition system market, to enhance their business revenue. Manufacturers in the ANPR system market space are focusing on innovation in products/services to increase their market share.

Some of the leading players in the ANPR system market are Siemens, Kapsch TrafficCom, Blue Star Limited, Sensys Gatso, Bosch Security Systems, Inc., Genetec Inc., PlateSmart Technologies, Vaxtor Technologies, AllGoVision Technologies Pvt. Ltd, and Amplicon Liveline, RoadPixel, besides a few others.

Automatic Number Plate Recognition (ANPR) System Market Segmented By fixed ANPR and mobile ANPR type for traffic surveillance, parking management, toll management, highway security

Analysts' Viewpoint

The automatic number plate recognition system market in North America is anticipated to be the most dominating regional market over the forecast period. The ANPR system market is projected to increase almost threefold over the next ten years, providing abundant opportunities for stakeholders across the world.

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This release was published on openPR.