#Automatic Number Plate Recognition System Market

[research-blogs]

Automatic Number Plate Recognition System Market Report: Top Companies, Trends And Future Prospects Details for Business Development

The global automatic number plate recognition system market size is expected to reach USD 3.0 billion by 2025, registering a CAGR of 6.8% during the forecast period, according to a new report by Grand View Research Inc. Advancements in traffic monitoring technologies have given rise to a mass surveillance technology that helps in capturing images of vehicles and identifying the license number. In addition, it can also facilitate in the detection of lost or stolen vehicles.

Governments around the globe are emphasizing on the development of smart cities. Under the umbrella of smart cities, the development of intelligent transportation systems is a major trend. Various governments are entering in partnerships with companies such as Honeywell International, Inc.; AT&T; Siemens; and IBM Corporation for the development of traffic management programs that bodes well for the market growth.Governments are focusing on the development of self-operated fuel stations and electric vehicle charging stations, especially in Europe. During day-time, petrol stations in many European countries such as U.K., Germany, and France are operated in self-service modes.

Overcrowded roads in the cities have put immense pressure on the civic bodies to develop technologically advanced solutions to deal with the road safety issues. This is a major factor instrumental for the implementation of automatic number plate recognition (ANPR) system for the monitoring of traffic violation and crime incidents. In recent years, there has been a rise in the number of automobile crimes such as vehicular homicide, carjacking, hit and run, and reckless driving that has forced the law enforcement agencies to adopt ANPR system for the recognition of vehicles. Moreover, excessive speed has been identified as a long-standing and significant contributing factor to accidents on roads worldwide. The use of speed cameras have certain limitations as they cannot accurately identify speeding vehicles. Hence, the need for advanced ANPR systems with analytical solutions are expected to drive the market over the forecast period.

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Automatic Number Plate Recognition System Market Report Highlights

· The portable ANPR systems segment is projected to emerge as the fastest-growing segment over the forecast period owing to the emergence of Microelectromechanical Systems (MEMS) technology that has led to the miniaturization of devices

· The software segment is anticipated to emerge as the fastest-growing segment as result of the advancements in cloud computing technology and increasing demand for mobile-based applications

· The toll collection application segment is expected to grow significantly over the forecast period as result of the growing demand for Electronic Toll Collection (ETC) from road transport agencies

· The Asia Pacific regional automatic number plate recognition (ANPR) system market is expected to witness highest CAGR over the forecast due to the growing emphasis of regional governments on expansion and digitalization of its road networks

· The key players in the market includes Robert Bosch GmbH; Siemens, ARH, Inc.; Axis Communications AB; Kapsch Group; Genetec Inc.; NDI Recognition Systems Ltd.; VAXTOR TECHNOLOGIES; Tattile srl, and Selex ES Inc.

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[zionmarketresearch]

Global Share for Automatic Number Plate Recognition System Market Sees steady Expansion by 2022

The report analyzes Automatic Number Plate Recognition System Market on a global and regional level. The study offers past data of 2014 to 2016 along with forecast from 2017 to 2022 on the basis revenue (USD Billion). Assessment of market dynamics gives a brief thought about the drivers and restraints for the Automatic Number Plate Recognition System Marketalong with the impact they have on the…

[rushikesh-d]

Automatic Number Plate Recognition System Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Automatic Number Plate Recognition System Market 2025 Size and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Automatic Number Plate Recognition System Market scenario, and feasibility study are the important aspects analyzed in this report.

The Automatic Number Plate Recognition System Market is experiencing robust growth driven by the expanding globally. The Automatic Number Plate Recognition System Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automatic Number Plate Recognition System Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing.

The global Automatic Number Plate Recognition (ANPR) system market size was valued at USD 2.51 billion in 2022. The market is projected to grow from USD 2.79 billion in 2023 to USD 4.64 billion by 2030, exhibiting a CAGR of 7.6% during the forecast period.

Get Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/108615

Key Strategies

Key strategies in the Automatic Number Plate Recognition System Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Automatic Number Plate Recognition System Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Automatic Number Plate Recognition System Market.

Major Automatic Number Plate Recognition System Market Manufacturers covered in the market report include:

Hikvision (China)

Axis Communications AB (Sweden)

Zhejiang Dahua Technology Co., Ltd. (China)

Hanwha Group (China)

Siemens AG (Germany)

Motorola Solutions, Inc. (U.S.)

Efkon (India)

Omniq Corp (U.S.)

IntelliVision (U.S.)

Smart Parking Inc. (U.K.)

The integration of ANPR technology in smart parking systems is a growing trend expected to shape Automatic Number Plate Recognition system growth.

Trends Analysis

The Automatic Number Plate Recognition System Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Automatic Number Plate Recognition System Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Automatic Number Plate Recognition System Market Solutions.

Regions Included in this Automatic Number Plate Recognition System Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Automatic Number Plate Recognition System Market.

- Changing the Automatic Number Plate Recognition System Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Automatic Number Plate Recognition System Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Automatic Number Plate Recognition System Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2025 to 2032?

► What are the key market dynamics influencing growth in the Global Automatic Number Plate Recognition System Market?

► Who are the prominent players in the Global Automatic Number Plate Recognition System Market?

► What is the consumer perspective in the Global Automatic Number Plate Recognition System Market?

► What are the key demand-side and supply-side trends in the Global Automatic Number Plate Recognition System Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Automatic Number Plate Recognition System Market?

Table Of Contents:

1 Market Overview

1.1 Automatic Number Plate Recognition System Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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[kbvresearch]

Latest release published on KBV Research News

Latest press release on:

Automatic Number Plate Recognition (ANPR) System Market to reach a market size of $3.6 billion by 2023

According to a new report Global Automatic Number Plate Recognition System Market, published by KBV research, the Global Automatic Number Plate Recognition (ANPR) System Market size is expected to reach $3.6 billion by 2023, rising at a market growth of 9.6% CAGR during the forecast period.

The Europe market holds the largest market share in Global Automatic Number Plate Recognition System Fixed Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 7.9 % during the forecast period.

The North America market is expected to witness a CAGR of 10.7% during (2017 – 2023) in Global Automatic Number Plate Recognition (ANPR) System Mobile & Portable Market. Additionally, The Asia Pacific market is expected to witness a CAGR of 12.8% during (2017 – 2023).

The ANPR Cameras market holds the largest market share in Global Automatic Number Plate Recognition (ANPR) System Market by Component in 2016, and would continue to be a dominant market till 2023;  growing at a CAGR of 7.8 % during the forecast period. The Frame Grabber market is expected to witness a CAGR of 11% during (2017 – 2023). Additionally, The Triggers market is expected to witness highest CAGR of 11.5% during (2017 – 2023).

The Traffic Management market holds the largest market share in Global Automatic Number Plate Recognition (ANPR) System Market by Application in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 8.5 % during the forecast period. The Parking Management market is expected to witness a CAGR of 12.2% during (2017 – 2023). Additionally, The Access Control market would garner market size of $306.1 million by 2023.

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Automatic Number Plate Recognition (ANPR) System Market have been discussed in the report with the elaborated company profiles of Kapsch (Kapsch Trafficcom AG), Q-Free ASA, Siemens AG, Genetec Inc., ARH Inc., Robert Bosch (Bosch Security Systems, Inc.), Smartrac (Neology, Inc.), Digital Recognition Systems Ltd., Vigilant Solutions, Inc., and Tattile SRL.

Full Report: http://kbvresearch.com/automatic-number-plate-recognition-system-market/

Global Automatic Number Plate Recognition System Market Segmentation

By Types

Fixed

Mobile & Portable

By Components

ANPR Cameras

ANPR Software

Frame Grabber

Triggers

Others

By Applications

Traffic Management

Law Enforcement

Electronic Toll Collection

Parking Management

Access Control

By Geographies

North America Automatic Number Plate Recognition System Market

US Automatic Number Plate Recognition System Market

Canada Automatic Number Plate Recognition System Market

Mexico Automatic Number Plate Recognition System Market

Rest of North America Automatic Number Plate Recognition System Market

Europe Automatic Number Plate-Recognition System Market

Germany Automatic Number Plate-Recognition System Market

UK Automatic Number Plate-Recognition System Market

France Automatic Number Plate-Recognition System Market

Russia Automatic Number Plate-Recognition System Market

Spain Automatic Number Plate-Recognition System Market

Italy Automatic Number Plate-Recognition System Market

Rest of Europe Automatic Number Plate-Recognition System Market

Asia Pacific Automatic Number Plate-Recognition System Market

China Automatic Number Plate-Recognition System Market

Japan Automatic Number Plate-Recognition System Market

India Automatic Number Plate-Recognition System Market

South Korea Automatic Number Plate-Recognition System Market

Singapore Automatic Number Plate-Recognition System Market

Malaysia Automatic Number Plate-Recognition System Market

Rest of Asia Pacific Automatic Number Plate-Recognition System Market

LAMEA Automatic Number Plate-Recognition System Market

Brazil Automatic Number Plate-Recognition System Market

Argentina Automatic Number Plate-Recognition System Market

UAE Automatic Number Plate-Recognition System Market

Saudi Arabia Automatic Number Plate-Recognition System Market

South Africa Automatic Number Plate-Recognition System Market

Nigeria Automatic Number Plate-Recognition System Market

Rest of LAMEA Automatic Number Plate-Recognition System Market

Companies Profiled

Kapsch (Kapsch Trafficcom AG)

Q-Free ASA

Siemens AG

Genetec Inc.

ARH Inc.

Robert Bosch (Bosch Security Systems, Inc.)

Smartrac (Neology, Inc.)

Digital Recognition Systems Ltd.

Vigilant Solutions, Inc.

Tattile SRL

Unique Offerings from KBV Research

Exhaustive coverage of Global Automatic Number Plate Recognition System Market

Highest number of market tables and figures

Subscription based model available

Guaranteed best price

Assured post sales research support with 10% customization free

Related Reports:

North America Automatic Number Plate Recognition System Market (2017-2023)

Europe Automatic Number Plate Recognition System Market (2017-2023)

Asia Pacific Automatic Number Plate Recognition System Market (2017-2023)

LAMEA Automatic Number Plate Recognition System Market (2017-2023)

[rameshwarm-blog]

Automatic Number Plate Recognition System Market by Type (Mobile, Fixed, Portable), Application (Traffic Management, Law Enforcement, Toll Collection, Parking Areas), & Geography - Analysis & Forecast to 2020

[rameshwarm-blog]

The increasing adoption of ANPR systems by various police forces for security and surveillance, toll collection, traffic management, and in dedicated parking areas would help the market to witness significant growth during the forecast period. The global ANPR system market is expected to reach USD 1.05 Billion by 2020, growing at a CAGR of 13.25% between 2015 and 2020. This report covers the ANPR system market segmented on the basis of type, component, application, and geography.