Global Market Study on Automatic Number Plate Recognition (ANPR) Systems: Growing Popularity of Smart Parking Creating New Market Opportunities


Automatic Number Plate Recognition System  Market
  • Published On : Sep-2020 |
  • Pages : 407 Pages |
  • Format : Automatic Number Plate Recognition System  Market Automatic Number Plate Recognition System  Market Automatic Number Plate Recognition System  Market Automatic Number Plate Recognition System  Market

Rising number of road accidents due to the breaking of traffic rules has compelled law enforcement agencies to implement safety measures and set up strict management systems. Traffic departments across various countries are installing automatic number plate recognition (ANPR) systems for ensuring traffic safety and mobility. ANPR systems enable free-flowing traffic that results in low financial loss and faster mobility. Information collected from the ANPR cameras can be used for various applications, such as speed control, journey time management, tolling, and congestion charging. Due to such widespread adoption of these systems for traffic surveillance applications, the automatic number plate recognition (ANPR) system market size is expected to expand at a high rate.

Rising Demand for ANPR Systems for Smart Parking

Automatic number plate systems provide high-speed traffic management at parking areas, the ability to automate access control systems with a setup of ticket-free system, providing new and more efficient law enforcement. ANPR cameras are mounted at a higher mounting location to assure a wider field view of the whole parking lot, so that the vehicle license plate number is captured using cameras on entering or exiting the premises. ANPR cameras are integrated with vehicle parking management systems that contain the record of entrance and exit timing information of the authorized vehicle, along with parking location and owner’s information. If any car in the parking is damaged by another car, the information about the vehicle and the liable person who has damaged the parked car in the parking lot can be found from the system records. For overcoming such challenges, their adoption is increasing for smart parking, boosting the growth of the automatic number plate recognition system market.

Increasing Demand for Mobile ANPR Aiding Market Growth

Mobile ANPR systems have the latest gen featuring sensors that scan up to 60 license plates per second, both, rear and font, under all the light conditions. These mobile ANPR systems are a smart solution to prevent road accidents, as they provide a tireless watchful eye on the road, since they are installed in specific vehicles used by intelligence services or emergency services to support protection and surveillance operations.

Regional Outlook of Automatic Number Plate Recognition System Market

North America has the largest automatic number plate recognition system market share, due to it being widely adopted for parking management purposes, such as traffic surveillance, smart parking, and toll collection. Moreover, rapid adoption of ANPR technology for vehicle parking is also increasing adoption in the technology commercial space across Europe, East Asia, and South Asia & Pacific.

Rapid and extended economic growth in Asia Pacific and increasingly sophisticated security and surveillance technologies are transforming the global landscape of various government agencies, security agencies, and law enforcement agencies, who are increasing using the services of ANPR systems.

Automatic Number Plate Recognition System Market – Competition Landscape

Innovation of new products and strategic partnerships are key strategies being followed by top companies in the automatic number plate recognition system market, to enhance their business revenue. Manufacturers in the ANPR system market space are focusing on innovation in products/services to increase their market share.

Some of the leading players in the ANPR system market are Siemens, Kapsch TrafficCom, Blue Star Limited, Sensys Gatso, Bosch Security Systems, Inc., Genetec Inc., PlateSmart Technologies, Vaxtor Technologies, AllGoVision Technologies Pvt. Ltd, and Amplicon Liveline, RoadPixel, besides a few others.

Impact of COVID-19 on ANPR Market

Due to the COVID-19 outbreak, millions of people are staying home as a part of lockdown measures to curb the spread of the virus. As more people are staying home, traffic congestion in megacities has reduced as compared to 2019. Restrictions on traveling due to the COVID-19 pandemic are driving ANPR system market growth, as using this system is helping law enforcement professionals to keep eye on the roads. Adoption of these systems will also increase for implementing social distancing norms at toll collection booths, borders, and other places. Also, in the COVID-19 scenario, demand for monitoring traffic for ensuring safety on the roads has increased, due to increasing criminal activities. As such, there has been a surge in the demand for automatic number plate recognition systems across regions.

Analysts’ Viewpoint

The automatic number plate recognition system market in North America is anticipated to be the most dominating regional market over the forecast period. The ANPR system market is projected to increase almost threefold over the next ten years, providing abundant opportunities for stakeholders across the world.

Automatic Number Plate Recognition (ANPR) System Market: Report Scope

The research study on the automatic number plate recognition (ANPR) system market offers a close look at the evolving aspects of the market, as well as the dynamics impacting market growth. The research study focuses on key developments that have made their mark in the automatic number plate recognition system market, and other developments that are on the cards. The report talks about various macro- and micro-economic factors responsible for having an in-depth impact on the growth of the automatic number plate recognition system market.

A direct market overview provides the growth scenario and market potential with maximum precision, which is adjudged with suitable assumptions. The report features unique and relevant factors that are likely to have a significant impact on the ANPR system market during the forecast period. This report includes a detailed and considerable amount of information, which will help new manufacturers in the most comprehensive manner for better understanding.

Several stakeholders in the automatic number plate recognition system market can rely on the data offered in this research study, and delve into pragmatic decision making. Moreover, information offered in the automatic number plate recognition system market report also helps new market entrants in expanding their bases in the market.

The report elaborates the historical and current trends molding the growth of the automatic number plate recognition system market. The performance journey of the market has been drawn and analyzed in way that the lucrative side is evident to readers. The competitive landscape presented in the automatic number plate recognition system market report gives a detailed outlook of the profiles of key companies operating in the ANPR market, along with their differential strategies and key focus areas.

Automatic Number Plate Recognition System Market: Segmentation

PMR’s research study on the global automatic number plate recognition system market offers a detailed market segmentation, wherein, key segments have been discussed in detail. The segmentation of the ANPR system market has been offered on the basis of component, type, application, end user, and region. Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the study.

Component

  • Hardware
    • ANPR Cameras
    •  Frame Grabber Cards
    •  Triggering Devices
  • ANPR Software
  • Services
    • System Integration
    • Installation & Implementation
    • Support & Maintenance

Type

  • Fixed ANPR
  • Mobile ANPR

Application

  • Traffic Surveillance
  • Parking Management
  •  Toll Management
  •  Highway Security
  •  Others

End User

  • Government
    • Law Enforcement
    •  Border Control
    •  Toll Booths
    •  Traffic Department
    •  Others
  •  Commercial
    • Retail Complexes
    •  Entertainment & Recreational Facilities
    •  Manufacturing Plants 
    •  Sports Complexes
    •  Others
  •  Institutions
    • Education Campuses
    •  Business Parks

Region

  • North America
  •  Latin America
  •  Europe
  •  East Asia
  •  South Asia  & Pacific 
  •  Middle East & Africa

ANPR Market: Key Questions Answered

The research study on the automatic number plate recognition system market offers inclusive insights about the growth of the market in the most comprehensible manner for the better understanding of users. Key insights offered in the report answer some of the most salient questions that assist stakeholders in gauging all emerging possibilities.

  • How does the rapidly changing business environment turn into a major growth engine for the automatic number plate recognition system market?
  • How is ensuring compliance with industry regulations boosting the growth of the ANPR system market?
  • What are the key trends constantly shaping the growth of the automatic number plate recognition system market?
  • Which are the prominent regions offering plentiful opportunities for the automatic number plate recognition system market?
  • What are the differential strategies adopted by key players to command a significant chunk of the global market share?

Automatic Number Plate Recognition System Market: Research Methodology

A unique and promising research methodology forms the base of the automatic number plate recognition system market report for the forecast period. The report has been prepared after comprehensive analysis of market happenings, and then, riveting insights have been compiled meticulously. The research methodology of the ANPR system market has been a two-step process that comprises primary and secondary research. Key stakeholders, which include manufacturers, suppliers, and distributors, and experts of several designations, including executive vice presidents, directors, service engineers, technical advisors, GM marketing professionals, and sales professionals have been interviewed.

Secondary sources referred to garner report findings include investor presentations of manufacturers, World Bank, and many other credible sources.

Companies covered in Automatic Number Plate Recognition System Market Report

  • Jenoptik
  • Siemens
  • Kapsch TrafficCom
  • Blue Star Limited
  • Sensys Gatso
  • Bosch Security Systems, Inc.
  • Genetec Inc.
  • PlateSmart Technologies
  • Vaxtor Technologies
  • AllGoVision Technologies Pvt. Ltd
  • Amplicon Liveline
  • RoadPixel
  • titanHz
  • Tattile s.r.l.
  • Tensor plc
  • A&H Software House, Inc. (Luxriot)
  • ARH Inc.
  • Globe Protection Ltd.
  • CathexisVision
  • CARRIDA Technologies

Automatic Number Plate Recognition System Market

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