Automatic Number Plate Recognition (ANPR) System Market By Size, Share, Trends, Forecast 2027 | TechSci Research

According to TechSci Research, Global automatic number plate recognition (ANPR) system market is expected to grow substantially rate during the forecast period. The global automatic number plate recognition (ANPR) system market is driven by the growing need for effective traffic management and safety. The increasing incidences of thefts, crimes, road accidents, breach of traffic laws, among others are expected to fuel the market growth during the forecast period. Furthermore, increased adoption of advanced technologies such as cloud-based services, IoT, AI, among others is expected to propel the market through 2027. However, inconsistency in size, designs, font, color, style, among others can hamper the market growth over the next few years since it becomes very difficult to make an algorithm that can read all the different number plates pattern without any discrepancy.

The global automatic number plate recognition (ANPR) system market is segmented based on component, type, application, company and region. Based on component, the market can be categorized into hardware and software. The hardware segment can be further categorized into ANPR cameras, frame grabbers, triggers and others. The ANPR cameras segment is expected to dominate the market on account of the widespread adoption of ANPR cameras in traffic management and law enforcement. While, the software segment is also expected to significant growth during the forecast period. This can be accredited to the increasing incidents of vehicle thefts and growing criminal activities which requires real time identification and tracking system in the automotive & transportation industry. Based on type, the market can be grouped into fixed, mobile and portable. The fixed ANPR segment is expected to dominate the market owing to the increasing demand for these system for monitoring traffic and collecting data in highways, bridges, parking spaces, among others. On the contrary, the mobile is expected to grow during the forecast period attributable to the increased adoption of these by various agencies involved in security and surveillance sector. Based on application, the market can be fragmented into traffic management, law enforcement, electronic toll collection, parking management and others. The electronic toll collection segment is expected to dominate the market owing to the widespread adoption by the vehicles and strict government mandates in various countries for deployment of electronic toll collection.

Regionally, the automatic number plate recognition (ANPR) system market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, Europe is expected to dominate the overall automatic number plate recognition (ANPR) system market owing to the increased adoption of ANPR system for traffic management. While Asia Pacific is expected to register the highest growth attributable to increasing public infrastructure and high construction. Additionally, Japan has been using this system since last 10 years for calculating the journey time. India has also started deploying ANPR system in traffic management and on highways. These factors support the growth of market in the region.

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The major players operating in the automatic number plate recognition (ANPR) system market Kapsch TrafficCom AG, Q-Free ASA, Siemens AG, Bosch Security System, Inc., 3M Company, ARH Inc., Vigilant Solutions Inc., NDI Recognitions System Ltd, Captec Ltd., ClearView Communications and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study:

• To analyze and estimate the market size of global automatic number plate recognition (ANPR) system market from 2017 to 2020.
• To estimate and forecast the market size of global automatic number plate recognition (ANPR) system market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast global automatic number plate recognition (ANPR) system market based on component, type, application, end user, company and regional distribution.
• To identify dominant region or segment in the global automatic number plate recognition (ANPR) system market.
• To identify drivers and challenges for global automatic number plate recognition (ANPR) system market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automatic number plate recognition (ANPR) system market.
• To identify and analyze the profile of leading players operating in global automatic number plate recognition (ANPR) system market.
• To identify key sustainable strategies adopted by market players in global automatic number plate recognition (ANPR) system market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global automatic number plate recognition (ANPR) system market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Automatic number plate recognition (ANPR) system service provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to automatic number plate recognition (ANPR) system

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global automatic number plate recognition (ANPR) system market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Global Automatic number plate recognition (ANPR) system Market, By Component:
  • Hardware
    • ANPR Cameras
    • Frame Grabbers
    • Triggers
  • Software
• Global Automatic number plate recognition (ANPR) system Market, By Type:
  • Fixed
  • Mobile
  • Portable
• Global Automatic number plate recognition (ANPR) system Market, By Application:
  • Traffic Management
  • Law Enforcement
  • Electronic Toll Collection
  • Parking Management
  • Others
• Global Automatic number plate recognition (ANPR) system Market, By End User:
  • Government
  • Commercial
• Global Automatic number plate recognition (ANPR) system Market, By Region:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
  • South America
    • Brazil
    • Argentina
    • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global automatic number plate recognition (ANPR) system market.

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