Automatic Number Plate Recognition (ANPR) System Market Scope
ANPR system is a surveillance method that uses technology that is used to read vehicle registration plates through the optical character recognition on images. The system uses the existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. It comprises of hardware such as camera frame gabber and other related equipment as well as software modules. ANPR system is also used in the places where electronic toll collection and pay-per-use roads are executed. It is mainly used by police forces all over the world for law enforcement purposes, where it performs the task to check if a vehicle is registered or licensed. Further, the rising adoption of ANPR hardware and software components in traffic management, toll enforcement, and security and surveillance segments is driving the ANPR system market.
The market study is being classified by Type (Fixed ANPR System, Mobile ANPR System and Portable ANPR System), by Application (Traffic Management, Law Enforcement, Electronic Toll Collection and Parking Management) and major geographies with country level break-up. According to AMA, the Global Automatic Number Plate Recognition (ANPR) System market is expected to see growth rate of 9.24%
Automatic number plate recognition system market is quite fragmented in nature with a large number of international as well as regional players operating in the market. Companies are striving continuously to develop a sophisticated image capturing hardware and efficient and fast software paired with hardware.
3M Company (United States), Kapsch TrafficCom AG (Austria), Conduent, Inc. (United States), Q-Free ASA (Norway), Siemens AG (Germany), Genetec Inc. (Canada), Neology, Inc.(United States), Bosch Security Systems GmbH (Germany), Tattile Srl (Italy), HTS (New York), FF Group (Cyprus) and Nedap (Netherlands) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are TagMaster North America, Inc. (United States), NDI Recognition Systems Ltd. (United Kingdom), Euro Car Parks Limited (United Kingdom), Quercus Technologies, S.L. (Spain), Vigilant Solutions, Inc. (United States), Elsag North America, LLC (United States), ARH Inc. (Hungary), Digital Recognition System Ltd. (United Kingdom), Beltech BV (Netherlands), and ANPR International Ltd. (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global Automatic Number Plate Recognition (ANPR) System market by Type, Application and Region.
On the basis of geography, the market of Automatic Number Plate Recognition (ANPR) System 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). If we see Market by , the sub-segment i.e. will boost the Automatic Number Plate Recognition (ANPR) System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In November 2018, Nedap a leading specialist in long-range identification solutions launches the next generation of its Automatic Number Plate Recognition (ANPR) platform. With the introduction of two brand-new cameras, Nedap answers to the rapid growing demand for effective license plate reading in vehicle access control applications
In 2018, Poliscan surveillance is an automatic number plate recognition (ANPR) system with best-possible detection rates. The built-in LIDAR technology detects vehicles in free-flowing traffic regardless of traffic volume, speed, or weather conditions.
- Increasing R & D Activities to Discover Novel Applications for ANPR system
- Use of Video Analytic Technology for Constant Monitoring of Vehicles
- Deployment of ANPR System for Security Surveillance and Traffic Enforcement
- Rapid Infrastructure in Emerging Economies
- Demand from End-user such as traffic management, parking management, and toll collection
- Increase in the Number of Vehicles due to Breach in Traffic Laws
- Rising Fund Allocation by the Government in the Automobile Sector
- Increase in the Use of Cloud-Based Storage Services
- Inconsistency in Number Plate Design in Vehicles May Hamper the Market Growth
- Misinterpretation of Ambiguous Characters on Number Plates
- Increasing Number of Vehicle Thefts and Criminal Activities
Key Target AudienceAutomatic Number Plate Recognition (ANPR) System Service Providers, Governments, Financial institutions, and Investment Communities, Original equipment manufacturers (OEMs) (End-user application or Electronic Component Manufacturers), Product manufacturers, Raw material and manufacturing equipment suppliers and Technology Investors
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