Automatic Number Plate Recognition Market to reach Worth of US$4674.0 Mn by 2025, Garnering Ample Gains from Commercial Deployment

Global Automatic Number Plate Recognition Market: Snapshot

Automatic number plate recognition (ANPR) is a type of surveillance method which uses optical character recognition technology to read the license plates on vehicles. ANPR systems comprises of hardware such as camera, frame gabber and other related equipment as well as software modules. ANPR systems can be used with existing closed-circuit television or road-rule enforcement cameras. The automatic number plate recognition systems identify the number plate on the vehicle, recognize the characters, convert them into digital data and store the license plate number in a database.

Get more Information about this Report @  https://www.transparencymarketresearch.com/automatic-number-plate-recognition.html

Government Sector Emerges as Dominant End User in Global Market

The global automatic number plate recognition (ANPR) market is segmented by application, end user, component and region. By application, ANPR market is segmented into security & surveillance, vehicle parking, traffic management, toll enforcement and others. Based on end-user, the market is categorized into government and commercial. Among these segments, government is further segmented into homeland security, traffic department, defense and others. Whereas, commercial segment is bifurcated into dedicated car parks, entertainment & recreation facilities and others. Holding over 70% of the global automatic number plate recognition market, the government sector emerged dominant in 2016. On the basis of component, the market is segmented into hardware and software. Of these, the hardware segment emerged dominant in 2016 with a share of 60% in the global market.

Rising Demand for Effective Traffic Control and Monitor Seals Europe’s Dominance

By region, ANPR market is segmented into North America, Europe, Asia Pacific, South America and Middle East & Africa. Among these regions, Europe held the leading share of 35% in the global market in 2016. The rising adoption of ANPR hardware and software components in traffic management, toll enforcement, and security and surveillance segments is expected to create lucrative prospects for the automatic number plate recognition market in Europe. Besides this, the regional market will benefit from the rising demand for superior security involving minute scanning of vehicles.

Get Sample Copy of this report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2913

Some of the key players in the global automatic number plate recognition market place include ARH, Inc., Bosch Security Systems, Inc., Digital Recognition Systems, Ltd., ELSAG North America LLC, Genetec, Inc., NDI Recognition Systems LLC, Q-Free ASA, Siemens AG, Vaxtor Technologies, Vigilant Solutions, and Viion Systems Inc. The key strategy used by these players to sustain in the ANPR market is to develop ANPR solutions with better reading capabilities and integrated ANPR systems. The market is highly fragmented and thus, the competition within a particular market segment such as ANPR engine manufacturing, ANPR component manufacturers and system integrators is high. In the coming few years, manufacturers are expected to expand their operations in emerging economies such as China, Philippines, Malaysia and India as the ANPR adoption in these countries is expected to swell over the forecast period.

Posted in

Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

Leave a Reply