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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.
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.
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
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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.
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.
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. |
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
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BY TYPE
Fixed ANPR Systems
Portable ANPR Systems
Mobile ANPR Systems
BY COMPONENT
Hardware
Software
BY APPLICATION
Parking Management
Law Enforcement
Electronic Toll Collection
Access Control
BY END USER
Government
Institutions
Commercial
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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
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