ANPR (Automatic Number Plate Recognition) System Market worth US$ 1654.4 Million in the year 2025

ANPR technology is a better version of earlier used surveillance systems. Earlier versions only had CCTV cameras, which were sometimes proved inadequate in reaching the verdict. ANPR technology proved to be a better solution for making it easy for the surveillance system to reach to the verdict. ANPR technology consist of a hardware and a software where hardware is generally a camera for taking the images of the number plates of bypassing vehicles, and the software is used to convert the image into alphanumeric characters to save it in the database for further analysis. With the rise in the economy of the countries and the growing urbanization, the disposal income of the population is also increasing which is one of the reasons of growing lifestyle of people and increase in the number of cars being operated worldwide. Issues like crimes, terrorist activities or any type of illegal activity are also increasing day-by-day. Earlier surveillance systems didn’t prove to be successful many times and needed a new technology to be integrated for a better system. ANPR technology provides better solution and is being implemented at various locations such as highways, toll booths, parking for a better security and management. With the rising security concerns and road safety, many of the government agencies and private companies are implementing this technology and this will continue to boost the market for ANPR in the coming years.

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Automatic Number Plate Recognition (ANPR) Market Players:

- PIPS Technology Ltd.

- Siemens AG

- COBAN Technologies

- ARH Inc.

- TattileS.r.l.

- CA Traffic Limited

- Vysionics Intelligent Traffic Solutions Ltd.

- Quercus Technologies

- Q-Free ASA

- ELSAG North America LLC

- Bosch Security Systems

- NDI Recognition Systems Ltd.

- Genetec Inc.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Automatic Number Plate Recognition (ANPR) market based on product and application. It also provides market size and forecast till 2025 for overall Automatic Number Plate Recognition (ANPR) market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

The global ANPR market is estimated to grow at a CAGR of 12.0% during the forecast period 2017 – 2025 and accounts for US$ 1654.4 Mn in the year 2025. One of the prime factors that are driving the demands for ANPR system adoptions is rising concern regarding security & surveillance and traffic management. Rising number of cars due to urbanization leads to traffic congestion and unmanaged parking which demands for a better traffic and parking management. ANPR technology is used to provide better surveillance system, monitor illegal activities and proper management of parking. This technology is also used for the automation of the toll booths in various countries to reduce the time for the tolling and avoid traffic congestion. The key players profiled in the report are 3M Company, ARH Inc., COBAN Technologies Inc., Digital Recognition Systems, Ltd, Genetec Inc., Jenoptik AG, Q-Free ASA, Siemens AG, Tattile S.R.L, and Vigilant Solutions.

 Reason to Buy

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the Automatic Number Plate Recognition (ANPR) market, thereby allowing players to develop effective long term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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