Up-surging demands for better surveillance and improve security of public and vehicles will drive ANPR market by 2025 with a CAGR of 12.0%.

by Sameer Joshi or 10-Aug-2017

The “ANPR Market to 2025 by Application (Vehicle Parking, Traffic Management, Security & Surveillance and Toll Enforcement), System Type (Mobile, Portable ANPR and Fixed ANPR) and End-Use Industry (Government and Commercial) – Global Analysis and Forecast”. The scope of study involves understanding on the factors responsible for this growth of ANPR market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant ANPR players in the market and their key developments.

Automatic Number Plate Recognition Market to 2025 – Global Analysis and Forecast by Application, System Type and End-Use Industry. ANPR market is expected to grow to US$ 1654.4 million by 2025 from US$ 643.1 million in 2016. ANPR technology is a better version of earlier used surveillance systems. Earlier versions only had CCTV cameras, which were sometimes proved inadequate in reaching the verdict. ANPR technology proved to be a better solution for making it easy for the surveillance system to reach to the verdict. ANPR technology consist of a hardware and a software where hardware is generally a camera for taking the images of the number plates of bypassing vehicles, and the software is used to convert the image into alphanumeric characters to save it in the database for further analysis.

With the rise in the economy of the countries and the growing urbanization, the disposal income of the population is also increasing which is one of the reasons of growing lifestyle of people and increase in the number of cars being operated worldwide. Issues like crimes, terrorist activities or any type of illegal activity are also increasing day-by-day. Earlier surveillance systems didn’t prove to be successful many times and needed a new technology to be integrated for a better system. ANPR technology provides better solution and is being implemented at various locations such as highways, toll booths, parking for a better security and management. With the rising security concerns and road safety, many of the government agencies and private companies are implementing this technology and this will continue to boost the market for ANPR in the coming years.

The global ANPR market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Europe region is expected to account for the largest share of the global ANPR market in 2016, followed by North America. US being key country in North American region will lead ANPR market in this region and is also expected to continue dominance throughout the forecast period from 2017 to 2025. The key players profiled in the report are 3M Company, Siemens AG and ARH, Inc. and COBAN Technologies Inc., Digital Recognition Systems Ltd., Genetec Inc., Jenoptik AG, Q-Free ASA, Tattile S.R.L and Vigilant Solutions are other key companies in the ANPR market.

The report segments the global Automatic Number Plate Recognition market as follows:

Global Automatic Number Plate Recognition Market – By Application
Vehicle Parking
Traffic Management
Security & Surveillance
Toll Enforcement


Global Automatic Number Plate Recognition Market – By System Type
Mobile
Portable ANPR
Fixed ANPR


Global Automatic Number Plate Recognition – By End-Use Industry
Government
Commercial

Global Automatic Number Plate Recognition Market – By Geography

North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
U.K
Asia Pacific (APAC)
Japan
China
India
Australia

Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
South America (SAM)
Brazil