8 January 2019 – The Global ANPR System Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. ANPR is abbreviated as Automatic Number Plate Recognition. ANPR is also known as Automatic Vehicle Identification (AVI), Automatic License Plate Recognition (ALPR), Car Plate Recognition (CPR), or License Plate Recognition (LPR). A technology uses optical character recognition to read the license plate or registration number on vehicles. The system is exclusively used with either, closed-circuit television or road-rule enforcement cameras. ANPR System Industry is segmented based on type, component, applications, and region. Types such as Portable ANPR Systems, Fixed ANPR Systems, and Mobile ANPR Systems classify ANPR System Industry.
The fixed ANPR systems segment accounts the largest market shares of ANPR System Market and is estimated to lead the overall market in the upcoming years. This is mainly due to the rising demand for ANPR systems for monitoring traffic and collecting data in private and parking spaces, highways, tunnels, and bridges. On the other hand, mobile ANPR systems segment is estimated to grow at highest CAGR in the upcoming years. The reason being, exclusively preferred by police and law enforcement agencies.
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Applications into Access Control, Traffic Management, Parking Management, Law Enforcement, Electronic Toll Collection, Security and Surveillance, and others classify ANPR System Market. The traffic management segment accounts for the largest market share of ANPR System Industry. The reason being, high demand for ANPR systems in urban areas due to high traffic congestion. Followed by Electronic toll collection, due to the growing adoption of vehicles and strict government policy by many countries.
ANPR System Market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, Europe accounts the largest market share of ANPR System Industry and is estimated to grow at moderate CAGR in the upcoming years. On the other hand, Asia Pacific market is estimated to grow at fastest pace in the years to come. The reason being, rising public infrastructure, and highways.
The key players of ANPR System Market are FF Group, KapschTrafficCom AG, HTS, Conduent, ANPR International, Q-Free ASA, Beltech, Siemens AG, Digital Recognition System, Genetec, ARH, Neology, Elsag North America, Bosch Security Systems GmbH, Vigilant Solutions, Tattile, Quercus Technologies, TagMaster North America, Euro Car Parks Limited, and NDI Recognition Systems. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Market Segment:
Key Applications
- Traffic Management
- Law Enforcement
- Electronic Toll Collection
- Parking Management
Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
