ANPR Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
ANPR market Market Growth and Trends
The global Automatic Number Plate Recognition system market or the ANPR market is presently holding a market value of US$ 2.3 billion in 2020 and is expected to grow at a CAGR of 10.0% to a projected market value of US$ 3.8 billion by 2025. The increasing need for automated traffic surveillance is the major driving factor behind the growth of the ANPR market.
The increasing urbanization in the merging economies has resulted in the rising number of automobiles among commuters. With the tremendous increase in the number of automobiles, the level of manually uncontrollable traffic has also risen. The enlarging number of buildings and infrastructures in the developing regions has reduced the space allocated for roads. The rising globalization has resulted in more number of migrations across the World via road. This increases the demand for automated technology for immigration identity, traffic control, and prevention of accidents.
With the advancing automotive technology, the number of high-speed cars has increased. The rising disposable income among the end-users has resulted in an increase in the sales of premium fast cars and motorcycles. Along with the advent of swift automobiles came the increasing number of speeding cases and lethal accident cases on the lanes. The soaring number of auto theft cases has also progressively influenced the growth of the ANPR market.
The increasing need for security and surveillance in the traffic sector has propelled the ANPR market. The demand for intelligent transportation systems (ITS) is a major growth factor. The surging number of “Hit and Run” and “Road trafficking” cases has increased the need for ANPR in the crimes control section. The increasing demand to spot expired vehicle insurance automobiles has bolstered the growth of the ANPR market. The rising implementation of digital toll collection systems has driven the fixed ANPR market.
The advancing cloud-based ANPR system software are posing an excellent opportunity for the ANPR market growth. The recent trend towards Government-mandated number plate designs according to the universally accepted standard design, colour, and font has resulted in an efficient reading of the number plate by the ANPR. The fixed type of ANPR market holds the highest market share of the ANPR market. The mobile type of ANPR market closely follows the fixed market in the market share.
ANPR market Industry Regional Analysis
ANPR market Market Research Report Scope/Definition
ANPR market Market Share and Competition Key companies operating in this industry are: Siemens AG ; Kapsch TrafficCom AG ; Vigilant Solutions ; Tattile SRL ; Leonardo Company ; Neology Inc. ; Genetec Inc. ; Jenoptik Group ; Conduent Inc. ; Financial Overview ; Bosch Group
ANPR market Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Mobile ANPR Systems
• Fixed ANPR Systems
• Portable ANPR Systems
Component Analysis (Revenue, USD Million, 2021 - 2028)
• ANPR Cameras
• Triggers
• Frame Grabbers
• ANPR Software and others
Application Analysis(Revenue, USD Million, 2021 - 2028)
• Traffic Management
• Law Enforcement
• Electronic Toll Collection
• Parking Management and Access Control
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
ANPR market Industry Companies
• Siemens AG
• Kapsch TrafficCom AG
• Vigilant Solutions
• Tattile SRL
• Leonardo Company
• Neology Inc.
• Genetec Inc.
• Jenoptik Group
• Conduent Inc.
• Financial Overview
• Bosch Group
Available Versions of ANPR market Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
