The global ANPR system market is projected to reach USD 4.8 billion by 2027 from USD 3.1 billion in 2022; it is expected to register a CAGR of 9.2% from 2022 to 2027.
The major factors driving the growth of the ANPR system market include the increasing deployment of ANPR systems in security and surveillance and traffic management applications, infrastructure growth in emerging economies, increasing allocation of funds by various governments on ITS, and the growing use of video analytics technology for intelligent monitoring of vehicles. Additionally, the rapid surge in demand for smart parking solutions is a major driver for the growth of the ANPR system market. The integration of advanced technologies such as IoT, Deep Learning, and AI with the ANPR system is promoting the growth of ANPR systems across applications such as access control and road usage charging. Growing number of infrastructure development projects across the world such as the Smart Cities mission and roadways modernization projects are promoting the growth of the ANPR system market. Moreover, surging use of video analytics technology for intelligent monitoring of vehicles is enhancing the growth of the ANPR system market.
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Based on type of ANPR system, mobile ANPR systems are expected to register the highest CAGR during the forecast period. Mobile ANPR systems are equipped with megapixel sensors, which enable them to capture images in any light condition. There is a rising global demand for mobile ANPR systems to be used for law enforcement applications. In several countries, such as the UK and the UAE, mobile ANPR systems are extensively used, where they are mounted on police vehicles and aid in identifying and categorizing vehicles by capturing images and processing them on a real-time basis. They are used to detect vehicles with tax or insurance violations, high-emission vehicles, stolen or unregistered vehicles, etc. Moreover, mobile ANPR systems are effectively used in other applications such as traffic monitoring and access control.
Based on component of ANPR systems, ANPR cameras held the largest share of the ANPR system market in 2021. Rising incidents of vehicle thefts and increasing criminal activities have led to the growing demand for real-time identification and tracking systems in the transportation sector. This is driving the growth of the ANPR system market. ANPR cameras are the prime components of ANPR systems and have the power to keep a strict watch on all the vehicles passing around. Technological advancements have resulted in all-in-one solution camera units, which can capture high-resolution images under any light conditions and process them simultaneously to provide insights on a real-time basis. Additionally, the integration of RFID and the provision of high-resolution sensors is promoting the growth of the ANPR camera market. Furthermore, the latest camera units are weather- and vandal-proof, resulting in increased demand.
Based on application of ANPR systems, traffic management applications held the largest share of the ANPR system market in 2021. Governments across the world are taking measures to modernize infrastructure, which has significantly increased road connectivity. In addition, the increasing potential of the automotive industry and the growing urbanization have resulted in a massive surge in the number of vehicles across the world, which, in turn, has led to severe traffic congestion. To effectively manage heavy traffic and to implement accurate monitoring of vehicles, there is a growing demand for ANPR systems. ANPR systems are used for several traffic management purposes such as red-light enforcement, speed detection & enforcement, and security & surveillance operations, etc.
In terms of regional growth, the ANPR system market in Europe held the largest share in 2021. In Europe, ANPR systems are widely used for law enforcement applications. The increasing government initiatives pertaining to the adoption of ITS and the growing population in this region are driving the need for an efficient transportation system, which, in turn, is fueling the growth of the ANPR system market. According to the National Policing Improvement Agency (NPIA), the ANPR system is a part of the Police National Computer (PNC) network. The PNC provides a national intelligence database, which in addition to ANPR-generated data, includes search engine functionalities to identify known suspects, provide details of vehicles, and map criminal incidents and patterns. These factors are boosting the demand for ANPR systems in Europe.
The report "ANPR System Market with COVID-19 Impact Analysis by Type (Fixed, Mobile, Portable), Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Access Control), Component, and Geography - Global Forecast to 2025", is expected to grow from USD 2.3 billion in 2020 to USD 3.8 billion by 2025, at a CAGR of 10.0%.
The market growth can be attributed to several factors, such as the deployment of ANPR systems in security and surveillance, and traffic enforcement applications, infrastructure growth in emerging economies, increasing allocation of funds by various governments for ITS, and so on.
Browse 130 market data Tables and 58 Figures spread through 185 Pages and in-depth TOC on "ANPR System Market with COVID-19 Impact Analysis by Type (Fixed, Mobile, Portable), Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Access Control), Component, and Geography - Global Forecast to 2025"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140920103 Fixed ANPR systems to account for the largest share of ANPR system market by 2025Based on the type, the ANPR system market has been divided into fixed, mobile, and portable.
Fixed ANPR system held the highest share in 2019.
The increasing adoption of vehicles and stringent government regulations for implementing electronic toll collection systems is driving the growth of the ANPR system market.
The increasing government initiatives pertaining to the adoption of ITS and the growing population in this region are driving the need for an efficient transportation system, which, in turn, is fueling the growth of the ANPR system market.
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.
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.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/automatic-number-plate-recognition-anpr-system-market/request-sampleThe 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.
Fixed ANPR System Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Fixed ANPR System industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Fixed ANPR System manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Fixed ANPR System market covering all important parameters.The key ponits of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Fixed ANPR System industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Fixed ANPR System industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Fixed ANPR System Industry before evaluating its feasibility.There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Fixed ANPR System as well as some small players.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-fixed-anpr-system-2019-2024-323/?utm_source=openPR_Nikhil Agrawal_medium=ReferralThe information for each competitor includes: Company Profile Main Business Information SWOT Analysis Sales, Revenue, Price and Gross Margin Market ShareReasons to Purchase this Report:Estimates 2019-2024 Fixed ANPR System market development trends with the recent trends and SWOT analysis Market dynamics scenario, along with growth opportunities of the market in the years to come Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value (USD Million) and volume (Units Million) data for each segment and sub-segmentCompetitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five yearsComprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players 1-year analyst support, along with the data support in excel format.Any special requirements about this report, please let us know and we can provide custom report.Get the Complete Report & TOC at http://www.24prdesk.com/news/114751/fixed-anpr-system-market-salesCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
The Report published on UpMarketResearch.com about “ANPR System Market” is spread across 141 pages and provides newest industry data, market future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
ANPR System Industry research report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.The report begins with the overview of the ANPR System market and updates the users about the latest developments and future expectations.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.
Get Exclusive PDF Sample Copy Of This Report @ https://www.upmarketresearch.com/home/requested_sample/2863 In this report, there is a healthy amount of coverage of the market economies such as the demand and supply, cost and profit of the ANPR System Market.
This holds key importance for users and hence this information is well supported with due statistics that are represented in easy to consume graphs, charts, and tables.The report compiles exhaustive information obtained via proven research methodologies and from trusted sources within the industries.
The report segments the Global ANPR System market as: Regional Segment Analysis (Regional Consumption Volume, Consumption Volume, Revenue and Growth Rate 2013-2023):North AmericaEuropeChinaJapanRest APACLatin America Product Type Segment Analysis (Consumption Volume, Average Price, Revenue, Market Share and Trend 2013-2023):Builders Firstsource, Inc.Schott AG Application Segment Analysis (Consumption Volume and Market Share 2013-2023; Downstream Customers and Market Analysis)Traffic ManagementLaw EnforcementElectronic Toll CollectionParking Management Global ANPR System Market: Manufacturers Segment Analysis (Company and Product introduction, ANPR System Sales Volume, Revenue, Price and Gross Margin):Kapsch TrafficCom AGConduentQ-Free ASASiemens AG Gain Full Access of ANPR System Market Report along with complete TOC Buy This Report@https://www.upmarketresearch.com/buy/ANPR-System-Global-Market-Status-and-Trend-Report-2013-2023 Major Points in Table of Content:Chapter 1 ANPR System Market OverviewChapter 2 Global Economic Impact on ANPR System IndustryChapter 3 Global ANPR System Market Competition by ManufacturersChapter 4 Global ANPR System Production, Revenue (Value) by Region (2013-2018)Chapter 5 Global ANPR System Supply (Production), Consumption, Export, Import by Regions(2013-2018)Chapter 6 Global ANPR System Production, Revenue (Value), Price Trend by TypeChapter 7 Global ANPR System Market Analysis by ApplicationChapter 8 Global ANPR System Manufacturers AnalysisChapter 9 ANPR System Manufacturing Cost AnalysisChapter 10 Industrial Chain, Sourcing Strategy and Downstream BuyersChapter 11 Marketing Strategy Analysis, Distributors/TradersChapter 12 Market Effect Factors AnalysisChapter 13 Global ANPR System Market Forecast (2018-2023) Key Reasons to Purchase:To gain insightful analyses of the market and have a comprehensive understanding of the ANPR System and its commercial landscape.Assess the ANPR System production processes, major issues, and solutions to mitigate the development risk.To understand the most affecting driving and restraining forces in the ANPR System market and its impact on the global market.Learn about the market strategies that are being adopted by your competitors and leading organizations.To understand the future outlook and prospects for ANPR System Market For More Information, Click @ https://www.upmarketresearch.com/home/enquiry_before_buying/2863 Customization of the Report:UpMarketResearch provides free customization of reports as per your need.
