Press release
License Plate Recognition Cameras Market Expands with Smart City and AI Integration Trends
License Plate Recognition (LPR) Cameras Market SizeThe global market for License Plate Recognition (LPR) Cameras was estimated to be worth US$ 270.3 million in 2023 and is forecast to a readjusted size of US$ 553.2 million by 2030 with a CAGR of 10.3% during the forecast period 2024-2030.
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Global LPR Cameras key players include Neology (3M), Siemens, Kapsch TrafficCom, GeoVision, etc. Global top four manufacturers hold a share over 20%.
Europe is the largest market, with a share over 30%, followed by China, and North America, both have a share about 40 percent.
In terms of product, Fixed LPR Camera is the largest segment, with a share over 65%. And in terms of application, the largest application is Traffic Management, followed by Parking Management, Electronic Toll Collection, Law Enforcement, etc.
By Type
• Mobile LPR Camera
• Fixed LPR Camera
• Portable LPR Camera
By Application
• Traffic Management
• Law Enforcement
• Electronic Toll Collection
• Parking Management
Key Companies
Neology, Siemens, Kapsch TrafficCom, ARH, GeoVision, Genetec, Tattile, Bosch Security Systems, NEXCOM, HTS, Elsag, TagMaster, Petards Group, NDI Recognition Systems, Shenzhen AnShiBao, ParkingEye Limited, AlertSystems, Euro Car Parks Limited (UK), CA Traffic, Vigilant Solutions, Inc. (US), PaisAn
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