ANPR System Market Analysis, Industry Size, Share, Key Players And Forecast To 2033

The new report published by The Business Research Company, titled ANPR System Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the anpr system market size has grown rapidly in recent years. It will grow from $2.55 billion in 2023 to $2.82 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The anpr system market size is expected to see strong growth in the next few years. It will grow to $4.04 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=12102&type=smp

Rising Road Accidents Propel Growth In Anpr System Market
The increasing incidents of road accidents are expected to propel the growth of the ANPR system market going forward. Road accidents refer to incidents or collisions that occur on public roads involving vehicles, pedestrians, cyclists, or any other road users. ANPR cameras can automate access control procedures, boost security, stop auto theft, and improve traffic flow. It fulfills the function of a traffic monitoring camera, reducing accidents and traffic congestion by reading license plates and issuing toll tickets. For instance, in May 2023, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, a total of 42,939 people lost their lives in car accidents in the US in 2021. These fatalities happened in 39,508 collisions involving 61,332 vehicles. Therefore, the increasing incidents of road accidents are driving the growth of the ANPR system market.

Innovative Advancements Drive Anpr System Market
Major companies operating in the ANPR system market are adopting innovative technologies such as shutter technology to sustain their position in the market. Shutter technology is a tool that regulates how long light is allowed to enter the lens, exposing the image on film or a digital sensor, and so forth. For instance, in May 2023, Hanwha Vision, a South Korea-based video surveillance company launched a TNO-7180RLP high-speed ANPR camera. The TNO-7180RLP is intended to identify license plates on cars traveling in two lanes at up to 200 km/h. The TNO-7180RLP, which offers a cloud-based solution to improve the precision and effectiveness of license plate recognition, is a noteworthy advance in the ANPR camera industry. The camera has 3MP global shutter technology and is integrated with Hanwha's recently released road AI solution, which makes use of AI video analytics to determine the make, model, type, and color of observed cars.

The anpr system market covered in this report is segmented -

1) By Type: Fixed ANPR Systems, Mobile ANPR Systems, Portable ANPR Systems
2) By Component: ANPR Cameras, ANPR Software, Frame Grabbers, Triggers, Other Components
3) By Application: Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Access Control
4) By End User: Government, Commercial, Institutions

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=12102&type=discount

Major companies operating in the anpr system market report are Nedap N.V., Siemens AG, Panasonic Holdings Corporation, Leonardo S.p.A, Hangzhou Hikvision Digital Technology Co. Ltd., Vigilant Solutions LLC, Dahua Technology USA, Conduent Incorporated, Plate Recognizer, Axis communications AB, Jenoptik AG, Avigilon Corporation, Kapsch TrafficCom AG, Bosch Security Systems Inc., Perceptics LLC, Aimetis Corp., Genetec Inc., PIPS Technology Inc., Q-Free ASA, ACTi Corporation, Tagmaster AB, Pumatronix Equipamentos Eletronicos Ltda., Alnet Systems Inc., ELSAG North America LLC, ARTECO S.u.r.l., Digital Recognition Systems Ltd., Adaptive Recognition Inc., NDI Recognition Systems LLC.

Contents of the report:
1. Executive Summary
2. ANPR System Market Report Structure
3. ANPR System Market Trends And Strategies
4. ANPR System Market - Macro Economic Scenario
5. ANPR System Market Size And Growth
…..
27. ANPR System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/anpr-system-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.