What is License Plate Camera Market Scope?
The License Plate Recognition camera also called as License Plate Capture Camera is a specialized form of the CCTV security camera. As the name says these cameras are used to capture and record the license plate numbers from the vehicles in motion. These cameras are also certainly able to capture the stationary plates as well. Several cameras will be able to do these jobs under the right circumstances, LPR is the cameras that are only secured cameras that guarantee the accurate recording of the license plate. The cameras will give the traffic system a new outlook and hence will make it more efficient to collect the fine chargers by the owners. The license plate camera should be installed in as many places as possible as it is a very convenient way in which all the fine records can be kept and also it will develop the systematic driving skills of the driver.
The License Plate Camera market study is being classified by Type (Mobile LPR Camera, Fixed LPR Camera and Portable LPR Camera), by Application (Commercial, Government, Defense and Homeland Security) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Vendors from European will contribute to the maximum growth of Global License Plate Camera market throughout the predicted period.
Neology (3M) (United States), Siemens (Germany), Kapsch TrafficCom (Austria), Vivotek (Taiwan), ARH (United States), GeoVision (Taiwan), Genetec (Canada), Tattile (Italy), Bosch Security Systems (Germany), Utility. Inc (United States), NEXCOM (Taiwan), NDI Recognition Systems (United States), Shenzhen AnShiBao (China), ParkingEye Limited (United Kingdom), AlertSystems (United Kingdom), Euro Car Parks Limited (United Kingdom), CA Traffic (United States) and Vigilant Solutions (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are HTS (Canada), Elsag (United States), TagMaster (Sweden) and Petards Group (United Kingdom).
Analyst at AMA have segmented the market study of Global License Plate Camera market by Type, Application and Region.
On the basis of geography, the market of License Plate Camera has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 24th October 2019, Utility Inc. had announced that it will make its own smart automatic license plate reader technology that will be developed in collaboration with the Sony imaging products and solutions.
Influencing Market Trend
- Increasing Rate of Adoption of The System
- Growing Traffic Monitoring
- Increase in The Use of Cloud-Based Storage Services
- The IoT Is Also Playing Role in The Advancement of The Project
- High Cost Associated with The Installation
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of License Plate Cameras, Suppliers and Distributors of License Plate Cameras, Venture Capitalists and Private Equity Firms and End-Use Industry
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research & Media features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.