Press release
Automatic Number Plate Recognition System Market Sales and Revenue, Growth, Competitive Environment, Demand and Impact of Covid-19 on Global and Regions Economy 2032 | Leading Players: Robert Bosch GmbH; Siemens
Automatic Number Plate Recognition System Market
Analysis of the Automatic Number Plate Recognition System Market trend and marketing channels. The viability of new investment initiatives is then evaluated, and general study conclusions are presented. Along with the rise in production, the Automatic Number Plate Recognition System Market report also includes the market share attained by each product in the market.
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Automatic number plate recognition (ANPR) system is one of the advanced technologies which reads the vehicle registration number using optical character recognition. Since, modern vehicles require data for strong tracking, the importance of automatic number plate recognition system is immense in modern vehicles.
Some of the Major Key players profiled in the study are Robert Bosch GmbH; Siemens; ARH, Inc.;Axis Communications AB; Kapsch Group; Genetec Inc.; NDI Recognition Systems Ltd.; VAXTOR TECHNOLOGIES; Tattilesrl; and Selex ES Inc. and others.
Key Drivers of the Market:
• Growing demand for automated parking systems.
• Increasing demand for safety and security.
• Increasing government initiatives for better traffic management.
• Growing focus on smart cities.
• Increasing demand for automated toll collection systems.
Market Segmentation:
The Automatic Number Plate Recognition System market is segmented on the basis of application, type, distribution channel, and geography.
• By Type( Fixed, Portable)
• By Component (Hardware, software, services)
• By End Use (Commercial, Government)
Regional Analysis:
➳ North America (U.S., Canada, Mexico)
➳ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
➳ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
➳ South America (Colombia, Brazil, Argentina, Rest of South America)
➳ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Industry Development of the market:
• A mobile automotive number plate recognition system called AutoVu SharpZ3 was unveiled by Genetec in March 2020. It offers cutting-edge situational awareness and vehicle analytics.
• Petards Group LLC and Telematics Technologies LLP reached a deal in May 2020 for the purchase of intellectual property rights, related inventory for NASBox (Nexus ANPR Smart Box), and related Nexus software.
Report Includes Following Questions:
1. Who are the top five Automatic Number Plate Recognition System Market players?
2. How will the Automatic Number Plate Recognition System Market evolves over the next 10 years?
3. What application and product will dominate the Automatic Number Plate Recognition System Market?
4. What are the market drivers and constraints for Automatic Number Plate Recognition System Market?
5. What will be the Automatic Number Plate Recognition System Market's CAGR and size during the forecast period?
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Automatic Number Plate Recognition System Market Industry Report Covers the Following Data Points:
Section 1: The market manufacturer's profile in this field is classified by company overview, product type and application. Each company is detailed in this study in its sales volume, product prices in the market, gross margin analysis and market share.
Section 2 And Section 3: Depending on the sales, profitability and market share of each manufacturer, these sections describe the competitiveness of the market.
Section 4 And Section 5: These sections provide forecast data for the Automatic Number Plate Recognition System Market (2023-2032) by country. The study presents development trends as well as sales channels including merchants, distributors and direct and indirect marketing.
Section 6 And Section 7: These pieces deal with important research results and conclusions for industry, analysis methods and data sources.
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