Report Scope & Overview:
Automatic Number Plate Recognition System Market Size was valued at USD 3.06 billion in 2022 and is expected to reach USD 6.28 billion by 2030 and grow at a CAGR of 9.4% over the forecast period 2023-2030.
The increasing rise in demand for smart parking solutions is propelling the ANPR system industry forward. The combination of modern technologies like IoT, Deep Learning, and AI with ANPR systems is accelerating the expansion of ANPR systems in applications like access control and road usage pricing. The ANPR system market is growing as a result of an increasing number of infrastructure development projects around the world, such as the Smart Cities mission and motorway upgrade initiatives. Furthermore, the growing usage of video analytics technology for intelligent vehicle monitoring is boosting the market for ANPR systems.
It is possible to detect any suspicious car on the road. These can help prevent illegal activity on the road. The ANPR market is currently divided into several segments. In the market, there are fixed, portable, and mobile categories. Furthermore, the traffic management industry is experiencing the most rapid expansion. The market for automatic number plate recognition is expected to rise.
The increasing use of monitoring technologies on roads is a major market driver.
The demand from developed countries is a major market demand driver.
Another major driver is the advancement of ANPR technology.
Other elements driving up demand include the introduction of surveillance cameras, sensors, and alarms.
The automatic number plate recognition market is hampered by a lack of consistency in plate designs.
If the number plate is different, detecting the vehicle can be difficult.
Number plate inconsistency might be a concern for the market.
The growing popularity of cloud storage will open up new industry opportunities.
Developing countries are increasing their investment in such technology.
The usage of these systems will be encouraged by governments.
A camera and software are used in the ANPR system. This technology, like any other system, has the potential to misunderstand data.
Concerns about the privacy of stored photographs and recordings.
IMPACT OF COVID-19:
Many businesses are affected by Covid 19. The market for automatic number plate identification is facing certain difficulties. In many areas, the use of road cameras is decreasing. Vehicles on the road are subject to limitations. The demand for automatic number plate identification is decreasing as a result of restrictions and lockdowns. There is reduced transportation congestion, particularly in megacities. Furthermore, market supply chain disruption is massive.
During this time, the use of automatic number plate recognition is decreasing. Road traffic is projected to be extremely heavy in the coming year. In the future years, road restrictions will be reduced. In addition, number plate recognition will become more popular in the next years. Governments are increasing their expenditures on these technologies.
Kapsch TrafficCom (Austria), Siemens (Germany), Conduent, Inc. (US), HikVision (China), Genetec, Inc. (Canada), Axis Communications (Sweden), Adaptive Recognition (Hungary), Q-Free ASA (Norway), Jenoptik Group (Germany), and Nedap (Netherlands) are a few players in ANPR System Market.
Market, By Type:
The market is divided into three types: mobile ANPR systems, portable ANPR systems, and fixed ANPR systems. The Fixed ANPR Systems category is anticipated to drive market expansion. The category has grown in popularity in recent years due to increasing demand from traffic enforcement and defence forces.
Market, By Component:
The market is divided into ANPR Cameras, ANPR Software, Frame Grabbers, Triggers, and Others based on components. The ANPR cameras market has a significant part of the industry and is projected to stay lucrative in the coming years.
Market, By Application:
The market is segmented into Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, and Access Control based on application. The law enforcement sector currently holds a sizable market share. Because of its expanding use in guarding public venues such as athletic events, conventions, and concerts, the market is projected to stay very appealing over the next several years.
Market, by End-user:
The market is divided into three categories based on end-user: Government, Institutions, and Commercials.
Mobile ANPR Systems
Fixed ANPR Systems
Portable ANPR Systems
Electronic Toll Collection
Asia Pacific, Europe, and North America make up the Automatic Number Plate Recognition market. With a large number of shares, Europe is a prominent market. This region has a high level of ANPR awareness.
Furthermore, Asia Pacific is the second-largest market, with a significant market share. The demand for effective road surveillance systems is growing. Demand is increasing as the need for road safety grows. Government interventions in the market are also increasing. In addition, North America was a pioneer in the ANPR business. In this industry, there are numerous significant players. Technological improvements result in rapid expansion. In the coming years, new product introductions will fuel favorable growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 3.06 Billion|
|Market Size by 2030||US$ 6.28 Billion|
|CAGR||CAGR of 9.4% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Mobile ANPR Systems, Fixed ANPR Systems, Portable ANPR Systems)
• by Component (ANPR Software, ANPR Camera, Frame Grabber, Trigger, Others), by Application (Law Enforcement, Traffic Management, Electronic Toll Collection, Parking Management, Access Control)
• by End-user (Government, Institutions, Commercial)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Kapsch TrafficCom (Austria), Siemens (Germany), Conduent, Inc. (US), HikVision (China), Genetec, Inc. (Canada), Axis Communications (Sweden), Adaptive Recognition (Hungary), Q-Free ASA (Norway), Jenoptik Group (Germany), and Nedap (Netherlands) are a few players in ANPR System Market.|
|Key Drivers||The increasing use of monitoring technologies on roads is a major market driver.
The demand from developed countries is a major market demand driver.
|RESTRAINTS||The automatic number plate recognition market is hampered by a lack of consistency in plate designs.
If the number plate is different, detecting the vehicle can be difficult.
Ans:- The market size is expected to reach USD 5.25 billion by 2028.
Ans:- Lack of consistency in plate designs and Number plate inconsistency are the primary market restraints for the automatic number plate recognition system market.
Ans:- Component, Type, Application, and End-user are the different segments of the market.
Ans:- The European region is anticipated to be the primary driver of the market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automatic number plate recognition system Market Segmentation, by Type
8.1 Mobile ANPR Systems
8.2 Fixed ANPR Systems
8.3 Portable ANPR Systems
9. Global Automatic number plate recognition system Market Segmentation, by Component
9.1 ANPR Software
9.2 ANPR Camera
9.3 Frame Grabber
10. Global Automatic number plate recognition system Market Segmentation, by Application
10.1 Smart Rear-view Mirror
10.2 Conventional Rear-view Mirror
11. Global Automatic number plate recognition system Market Segmentation, by End-user
12. Regional Analysis
12.2 North America
12.2.1 the USA
12.3.2 the UK
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Siemens (Germany)
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Kapsch TrafficCom (Austria)
13.3 Conduent, Inc. (US)
13.4 HikVision (China)
13.5 Genetec, Inc. (Canada)
13.6 Axis Communications (Sweden)
13.7 Adaptive Recognition (Hungary)
13.8 Q-Free ASA (Norway)
13.9 Jenoptik Group (Germany)
13.10 Nedap (Netherlands)
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
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