Automatic Number Plate Recognition Market Insights
According to MRFR analysis, the Automatic Number Plate Recognition Market is expected to register a CAGR of 4.90 % from 2023 to 2032 and hold a value of over USD 6.3 billion by 2032.
The Automatic Number Plate Recognition (ANPR) market refers to the industry that involves the development, deployment, and use of technologies and systems designed to automatically capture and recognize vehicle license plates.
These systems are widely used in various applications, including law enforcement, traffic management, parking management, toll collection, border control, and vehicle tracking.
The Automatic Number Plate Recognition market is a rapidly growing sector driven by the need for effective traffic management, enhanced security, and improved law enforcement. It offers opportunities for technological innovation and the development of new applications to meet the evolving needs of different industries and stakeholders.
The COVID-19 pandemic had significant impacts on the Automatic Number Plate Recognition (ANPR) market. The pandemic caused a significant decrease in vehicle traffic and mobility due to lockdowns, travel restrictions, and remote working arrangements. As a result, the demand for ANPR systems in applications like traffic management, toll collection, and parking management experienced a temporary decline.
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Automatic Number Plate Recognition Market Key Players
Some of the key market players are:
- Kasich TrafficCom AG
- Vigilant Solutions
- Siemens AG
- Leonardo Company
- Tattile SRL
- Neology Inc.
- Jenoptik Group
- Genetec Inc.
- Conduent Inc.
- Bosch Group
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Automatic Number Plate Recognition Market Regional Analysis
The largest region in the Automatic Number Plate Recognition (ANPR) market can vary based on factors such as market maturity, adoption rates, and regional preferences. However, historically, North America and Europe have been prominent regions in the ANPR market. These regions have witnessed significant adoption of ANPR systems and have a well-established infrastructure for traffic management, law enforcement, and security applications.
Similarly, Europe has been a major market for ANPR systems, driven by the adoption of intelligent transportation systems, the need for effective traffic management, and security measures. Countries like the United Kingdom, Germany, France, and Italy have implemented ANPR technology across various applications, including congestion charging, parking enforcement, speed control, and crime prevention.
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Automatic Number Plate Recognition Market Segmentation
The Automatic Number Plate Recognition Market has been segmented into type and appliction.
Based on the type, the market has been segmented into Mobile ANPR Systems, portable ANPR Systems and fixed ANPR Systems.
Based on the application, the market has been segmented into law enforcement, electronic toll collection, traffic management, access control and parking management.
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