Global ANPR System Market Is Anticipated To Develop Over $5.2B By 2028

The global ANPR system market was at a market value of $2.8B in 2021 and is projected to grow over $5.2B by 2028 at a CAGR of 9.5% during the forecast period. The report analyzes the ANPR system market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global ANPR system market.

Automatic number plate recognition (ANPR) systems are technology-driven devices used for recognizing number plates. The first-ever ANPR system was developed in Britain in 1976 for assisting the police force. Over the years, the systems have been adopted by various other countries and are used for multiple purposes. The global ANPR system market is projected to follow a steady growth trend during the forecast period owing to its high utility in various vehicle-related activities like traffic management, parking systems, and detection of vehicles used in criminal activities. The ANPR systems were initially used for security purposes only but with large-scale investments, ANPR systems are now used for commercial purposes as well. With technology advancements, the current ANPR systems come along with cameras capable of capturing high-resolution images & videos.

Significant rise in terrorist activities along with criminal cases like theft, car stealing, road-accident, breaking of traffic rules, etc. are expected to drive the global ANPR system market forward during the projection period. Urbanization of multiple cities across the globe is projected to contribute to the global market growth. With urbanization comes the need for transportation safety and ANPR systems have proven to be helpful in making travel safety a reality. A significant rise in investments for commercializing the use of ANPR systems is anticipated to propel the global market growth during the forecast period. A growing number of market players offering quality ANPR systems is projected to assist in the global market growth.

The global ANPR system market is segmented based on type, application, end-user, component, and region. Based on type, the global market is segmented into fixed, mobile, and portable. Fixed type is expected to lead the global market owing to increased use in traffic management. Based on application, the global market is segmented into traffic management, law enforcement, electronic toll collection, and parking management. Electronic toll management is anticipated to lead the global market during the forecast period because of the reduced time taken to collect the toll with the help of the ANPR system. Based on end-user, the global market is segmented into government, commercial, and institutions. The government segment is expected to grow at a higher CAGR during the forecast period because of high government expenditure on the installation of ANPR systems. Based on component, the global market is segmented into ANPR cameras, ANPR software, triggers, and frame grabbers. The global market is projected to be dominated by the ANPR camera segment during the forecast period.

Europe & North America are anticipated to contribute heavily to the global ANPR system market because of the use of state-of-the-art transportation facilities. Rising demand for parking management systems owing to increased vehicles on the road is expected to assist Europe & North America in their contribution to the global market growth. Asia-Pacific is expected to register the highest CAGR during the forecast period owing to an increased investment portfolio in the regions for infrastructure development and increased security concerns. ANPR systems are widely used in Japan to calculate the time required for traveling because companies in Japan take the time invested for work travel seriously. The Middle East is expected to contribute significantly to the global market because of the modernization of many cities & small towns across regions. Latin America & Africa are showing signs of steady growth during the forecast period.

The global ANPR system market is dominated by key players like Neology Inc., Vigilant Solutions Inc., Kapsch TrafficCom AG, Tattile SRL, Kasich TrafficCom AG, Conduent Inc., Genetec Inc., Bosch Security System, Inc., Financial Overview, 3M Company, ARH Inc., Jenoptik Group, Adaptive Recognition, NDI Recognition System Ltd., Bosch Group, Nedap, Captec Ltd., ClearView Communications, Q-Free ASA, Siemens AG, Vaxtor Technologies.

Recent Developments:

• In October 2021, Leonardo, a USA-based firm providing en-route navigation, precision approach, and landing, airport management, & governmental surveillance systems, announced the launch of ELSAG, a solar-powered ANPR system. The system has qualities like affordability, easy deployment, and compactness.
• In June 2021, Asura Technologies, Budapest-based technology solutions provider with a forte in smart parking, video analytics for security & traffic surveillance, launched an ANPR system called the Asura Recognition Unit (ANU), which can easily connect to any IP camera, process pictures, videos and save them to the servers. The ANPR system is extremely accurate and is built for easy integration.

Browse the full “ANPR System Market By Type (Fixed, Mobile, and Portable), By Application (Traffic Management, Law Enforcement, Electronic Toll Collection, and Parking Management), By Component (ANPR Camera, ANPR Software, Triggers, and Frame Grabbers, ), By End-User (Government, Commercial, and Institutions), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/anpr-system-market

The global ANPR system market is segmented as follows:

By Type:

• Fixed
• Mobile
• Portable

By Application:

• Traffic management
• Law enforcement
• Electronic toll collection
• Parking Management

By End-User:

• Government
• Commercial
• Institutions

By Component:

• ANPR camera
• ANPR software
• Triggers
• Frame grabbers

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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