image

Automatic Number Plate Recognition (ANPR) System Market Size:

ANPR System Market Revenue Analysis

Get more information on Automatic Number Plate Recognition (ANPR) System Market - Request Sample Report

The Automatic Number Plate Recognition (ANPR) System Market Size was valued at USD 3.15 billion in 2022 and is expected to reach USD 6.32 billion by 2030, and grow at a CAGR of 9.1% over the forecast period 2023-2030.

The automotive sector has seen some changes as a result of technological advancements. Automatic number plate recognition (ANPR) helps to detect the vehicle. Useful for security purposes. These are the best-in-class solutions that receive the most attention among customers. Today, many people break the rules of the road. It leads to many road accidents. For these reasons the investment in the recognition of default number numbers. The general adoption of technology on the road leads to greater market demand. Data collected by default number detection is used for many purposes. There is effective speed control of traffic control and prevention of road accidents is possible. There is a lot of safety when using these devices on the road.

Finding any suspicious vehicle on the road is possible. Illegal activities on the road can be prevented in this regard. Today, the ANPR market is divided into many parts. There are customized, portable segments and mobile phones on the market. In addition, the traffic management industry is seeing very high growth. The Automatic number plate recognition Market Indicator shows positive growth.

Automatic Number Plate Recognition System Market Dynamics

KEY DRIVERS:

  • ANPR systems are more widely utilized.

RESTRAINTS: 

  • Inconsistent number plate design.

OPPORTUNITIES: 

  • New technology integration.

CHALLENGES: 

  • Concerns about the privacy of saved photographs and records.

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption. 

Covid 19 affects many businesses. The automatic number plate recognition market faces a number of challenges. The use of street cameras is declining in many regions. Traffic is limited. Due to closures and restrictions, the market demand for automated number plate recognition is declining. In particular, megacities are subject to low traffic congestion. In addition, the supply chain disruption in the market is huge. There are plenty of end-users who have reduced their need for number recognition.

Acceptance of default number recognition is declining at this time. After Covid-19 wave, it is expected that there will be more traffic on the roads. Road boundaries will decrease in the coming years. Also, the acceptance of digital recognition will increase over the next few years. Governments are increasing their spending on these technologies increasingly. In particular, regions such as Asia Pacific are increasing their demand for production. All of this will have a positive impact on the market for recognizing default numbers.

The makers of an Automatic number plate recognition system focus on the development and new innovation of the system. The Automatic number plate recognition system is one of the latest innovations that have proved to be very effective for various governments to easily track a car.

Increased incomes and urbanization have exacerbated the need for an automatic number plate recognition system. In addition, governments such as Australia, Belgium, Canada, Denmark, France, Germany, Hungary, Saudi Arabia, Sweden, Turkey, Ukraine, U.K., U.S.A. and India forced the use of a system that automatically recognizes default numbers. Government police vehicles such as USA, England, Australia, Dubai etc. automatically installed a number Automatic number plate recognition system. Additionally, the use of closed TV cameras and speed cameras has increased.

The electronic toll collection market is expected to record the highest growth during the forecast period 2023-2030. With the increase in road connections, there is an increase in the number of toll plazas around the world. To avoid congestion and improve vehicle monitoring and acquisition in toll zones, there is a growing need for automated solutions, which promote the use of ANPR payment systems. ANPR systems enable the prevention of scams and fraud and improve the accuracy of street charging systems. Also, the use of ANPR systems helps to reduce fuel wastage and time as well as overtime workers involved in road charging activities

Get Customized Report as per your Business Requirement - Request For Customized Report

Automatic Number Plate Recognition (ANPR) System Market Regional Analysis:

Automatic Number Plate Recognition Market is divided into Asia Pacific, Europe and North America. Europe is a leading market with a high number of stocks. ANPR awareness is high in this region. Even during the closing period, the demand for these machines is justified in this market. Investment from key players is critical to this market growth. In addition, Asia Pacific is the next largest market with the highest shares. The need for effective road monitoring systems is growing. The growing demand for road safety creates a great need. Also, government programs in the market are high. In addition, North America is the first recipient of the ANPR market. There are many key players in this market. Technological advances are causing tremendous growth. The introduction of a new product in the next few years will create positive growth.

KEY PLAYERS:

The Key players in the ANPR System Market are Bosch Security Systems, Inc., Digital Recognition Systems, Ltd., ELSAG North America LLC, Genetec, Inc., NDI Recognition Systems LLC, Q-Free ASA, Vaxtor Technologies, Viion Systems Inc, Kasich TrafficCom AG, Vigilant Solutions, Siemens AG, Tattile SRL, Neology Inc., Conduent Inc. and Other.

ANPR System Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 3.15 Billion
Market Size by 2030 US$ 6.32 Billion
CAGR CAGR of 9.1% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By (Fixed ANPR Systems, Portable ANPR Systems, Mobile ANPR Systems)
• By Component (Hardware, Software)
• By Application (Traffic Management, Parking Management, Law Enforcement, Electronic Toll Collection, Access Control)
• By End-User (Government, Institutions, Commercial)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Bosch Security Systems, Inc., Digital Recognition Systems, Ltd., ELSAG North America LLC, Genetec, Inc., NDI Recognition Systems LLC, Q-Free ASA, Vaxtor Technologies
Key Drivers • ANPR systems are more widely utilized.
Restraints • Inconsistent number plate design.

Frequently Asked Questions

The ANPR System Market size was valued at 2.8 billion in 2021 at a CAGR of 9.1%.

The Key players in the ANPR System Market are Bosch Security Systems, Inc., Digital Recognition Systems, Ltd., ELSAG North America LLC, Genetec, Inc., NDI Recognition Systems LLC, Q-Free ASA, Vaxtor Technologies, Viion Systems Inc, Kasich TrafficCom AG, Vigilant Solutions, Siemens AG, Tattile SRL, Neology Inc., Conduent Inc. and Other.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. ANPR System Market Segmentation, by Type

8.1Introduction

8.2 Fixed ANPR Systems

8.3 Portable ANPR Systems

8.4 Mobile ANPR Systems

8.5 Other

9. ANPR System Market Segmentation, by Component

9.1 Introduction

9.2 Hardware

9.3 Software

9.4 Other

10. ANPR System Market Segmentation, By Application

10.1 Introduction

10.2 Traffic Management

10.3 Parking Management

10.4 Law Enforcement

10.5 Electronic Toll Collection

10.6 Access Control

10.7 Other

11. ANPR System Market Segmentation, By End-User

11.1 Introduction

11.2 Government

11.3 Institutions

11.4 Commercial

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3        Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4        Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6        Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

13.Company Profiles

13.1 Digital Recognition Systems, Ltd.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Bosch Security Systems, Inc.

13.3 ELSAG North America LLC

13.4 Genetec, Inc.

13.5 NDI Recognition Systems LLC

13.6 Q-Free ASA

13.7 Vaxtor Technologies

13.8 Viion Systems Inc.

13.9 Kasich TrafficCom AG

13.10 Vigilant Solutions

13.11 Siemens AG

13.12 Tattile SRL

13.13 Neology Inc.

13.14 Conduent Inc.

13.15 Other

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

BY TYPE

  • Fixed ANPR Systems

  • Portable ANPR Systems

  • Mobile ANPR Systems

BY COMPONENT

  • Hardware

  • Software

BY APPLICATION

  • Traffic Management

  • Parking Management

  • Law Enforcement

  • Electronic Toll Collection

  • Access Control

BY END USER

  • Government

  • Institutions

  • Commercial

Request for Segment Customization as per your Business Requirement: Segment Customization Request

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

Request for Country Level Research Report: Country Level Customization Request

Available Customization

With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:

  • Product Analysis

  • Criss-Cross segment analysis (e.g. Product X Application)

  • Product Matrix which gives a detailed comparison of the product portfolio of each company

  • Geographic Analysis

  • Additional countries in any of the regions

  • Company Information

  • Detailed analysis and profiling of additional market players (Up to five)


  •            5000 (33% Discount)


  •            8950 (40% Discount)


  •            3050 (23% Discount)

Start a Conversation

Hi! Click one of our member below to chat on Phone