Header Ads

Automatic Number Plate Recognition (ANPR) System Market : Integration of Parking Spaces With Automated Technology

 [149 Pages Report] The automatic number plate recognition (ANPR) system market in 2016 was valued at USD 1.78 Billion and is expected to reach USD 3.57 Billion by 2023, at a CAGR of 9.74% between 2017 and 2023. The base year considered for the study is 2016 and the forecast period is between 2017 and 2023. This report provides a detailed analysis of the ANPR system market based on type, component, application, and geography.

Download PDF Brochure @

The ANPR system utilizes the optical character recognition technology to read the registration plates of vehicles. The license plate recognition technology, which primarily consists of software, is used to enable computer systems to automatically read the license number/registration numbers of vehicles from digital pictures. Two components are involved in ANPR systems: camera and software. The camera is used to detect passing vehicles, capture their images, and send the images to a computer for processing. The software is used to recognize the characters on the number plate and stores them in a database.

Factors that are driving this market include the infrastructure growth in emerging economies, increasing allocation of funds by various governments on intelligent transport system (ITS), deployment of camera technologies in security and surveillance, and traffic enforcement application, and the growing usage of video analytics technology for intelligent monitoring of vehicles.

Fixed ANPR systems to hold the largest share of the market

Fixed ANPR systems held the largest market share in 2016. The growth of these systems is attributed to the increasing demand from applications such as traffic management, toll collection, and parking management. The advancement in video analytics to capture, process, and store images of number plates has improved the capabilities of ANPR systems. This is encouraging more people to use this system on a permanent basis.

Market for electronic toll collection application is expected to grow at the highest rate

The market for electronic toll collection (ETC) application is expected to grow rapidly during the forecast period. The increasing use of ETC systems in highways for identifying number plates of vehicles is driving the growth of the ANPR system market.

Europe is expected to hold the largest market share during the forecast period

Europe was the largest market for ANPR systems in 2016. The large market in this region can be attributed to the high adoption of intelligent transportation systems for traffic management, tolling management, law/police enforcement, and other applications. The market in Europe has been segmented into Germany, the UK, France and the Rest of Europe. Some major companies offering ANPR systems in Europe include ARH Inc. (Hungary), Digital Recognition Systems Ltd. (UK), NDI Recognition Systems Ltd. (UK), and Q-Free ASA (Norway).

The key players in the market include Kapsch TrafficCom AG (Austria), Conduent, Inc. (US), Q-Free ASA (Norway), Siemens AG (Germany), Genetec Inc. (Canada) Neology, Inc. (US), Bosch Security Systems GmbH (Germany), Tattile srl (Italy), TagMaster North America, Inc. (US), NDI Recognition Systems Ltd. (UK), Euro Car Parks Limited (UK), Quercus Technologies, S.L. (Spain) Vigilant Solutions, Inc. (US), Elsag North America, LLC (US), ARH Inc. (Hungary), Digital Recognition System Ltd. (UK), Beltech BV (Netherlands), ANPR International Ltd. (UK), HTS (New York), FF Group (Cyprus), and so on.

This report categorizes the global ANPR system market on the basis of type, component, application, and geography. The report describes the drivers, restraints, opportunities, and challenges for the growth of this market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: 
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441

No comments:

Powered by Blogger.