Global Automatic Number Plate Recognition (ANPR) Market to Grow Over $1.4 Billion by 2023: Acumen Research and Consulting

Author: Acumen Research and Consulting

According to a new report published by Acumen Research and Consulting titled Automatic Number Plate Recognition (ANPR) Market (Application: Security and Surveillance, Vehicle Parking, Traffic Management, Toll Enforcement; End-user: Government, Commercial) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2013-2023”, the global ANPR market is expected to grow at a CAGR of around 13% during the forecast period and reach the market size of more than $1.4 billion by 2023. The major factors driving the market growth include rising adoption of ANPR systems in traffic enforcement and management, and need for increased security in public sector. ANPR systems have proven beneficial in enforcing traffic regulations such as speed enforcement and red light control. Automatic number plate recognition systems are witnessing increasing acceptance in security and surveillance applications by various enforcement agencies across the globe. However, the major challenge in implementing ANPR systems is the non-uniformity in the number plate/license plate design. Other challenges include linguistic barriers and privacy concerns related to the safety of data captured through ANPR cameras. The tolling and smart parking management applications are likely to offer potential opportunity for the growth of ANPR market during the forecast period.

                                                                                        Automatic Number Plate Recognition (ANPR) Market  by Acumen Research and Consulting

Review Sample Pages - https://www.acumenresearchandconsulting.com/request-sample/396

Automatic number plate recognition (ANPR), also called as automatic license plate recognition (ALPR), is a surveillance system capable of capturing the image of vehicle and analyzing its license plate. ANPR can be a separate standalone system or can be integrated with the existing traffic cameras or closed circuit televisions and can be used by enforcement departments to detect and prevent crimes. ANPR systems are also used for electronic toll collection and for monitoring red light adherence, speed enforcement and other traffic activities. These systems can also be of assistance in identifying stolen vehicles as the system is connected to a vehicle registrant database and the information can be retrieved in real time as the vehicle image is captured in any of the ANPR cameras. The ANPR technology varies from location to location owing to the difference in design of number plates.

The different applications of ANPR systems include security and surveillance, traffic management, tolling and parking management. Amongst these, security and surveillance was the largest application segment in global ANPR market and accounted for more than 35% share in 2015. Presently, the ANPR technology is largely used for security and surveillance and traffic management applications. The vehicle parking and toll collection applications are expected to gain significant share in coming years owing to the increasing adoption of ANPR in government as well as commercial sectors.

The global ANPR market is segmented based on application, end user and geography. Based on applications, the market is categorized into security and surveillance, vehicle parking, traffic management, and toll enforcement. The major end-users of ANPR systems include government and commercial sectors. The government sector, which uses ANPR include homeland security, traffic department, and defense. The commercial end-users of ANPR systems include dedicated car parks, and entertainment and recreation facilities. The major geographies covered under the report scope include North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA).

Europe was the largest market for automatic number plate recognition in 2015 and is expected to maintain its leading position throughout the forecast period. Stringent government regulations related to traffic enforcement has led to the increased adoption of this technology in European countries. Moreover, countries such as Germany, Italy, UK and France have developed license plate recognition systems and applied them to enforce the traffic rules. Furthermore, presence of a large number of players in the region such as ARH Inc., NDI Recognition Systems Inc. and Q-Free ASA has increased the consumer awareness as these players focus on increasing their customer base in the domestic markets. Currently, almost all countries in Europe are using this technology. Thus, there is a high demand for ANPR from this region and this trend is expected to continue during the forecast period.

The player profiled in the report include Bosch Security Systems, Inc., Q-Free ASA, ELSAG North America LLC, ARH, Inc., Genetec, Inc., NDI Recognition Systems LLC, PIPS Technology Ltd., Siemens AG, Tattile S.r.l., Vigilant Solutions, and Digital Recognition Systems, Ltd. among others. Mergers and acquisitions for innovation and new product development and partnership for enhancing product quality are some of the major strategies followed by leading players in this market to sustain market competition. 

Inquiry Before Buying: https://www.acumenresearchandconsulting.com/inquiry-before-buying/396
 
The report is readily available and can be dispatched immediately after payment confirmation.
 
Would like to place an order or any question, please feel free to contact: sales@acumenresearchandconsulting.com