Global Automatic Number Plate Recognition (ANPR) System Market 2017-2023 - Deployment of ANPR Systems in Security and Surveillance, and Traffic Enforcement Applications - Research and Markets

DUBLIN--()--The "Automatic Number Plate Recognition (ANPR) System Market by Type, Component, Application and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

The ANPR system market is expected to be valued at USD 3.57 billion by 2023, growing at a CAGR of 9.74% between 2017 and 2023

The growth of this market is propelled by the increase in demand from security and surveillance and traffic management applications and infrastructure growth in emerging economies. However, the misinterpretation of ambiguous characters on a number plate is restraining the growth of the ANPR system market.

The mobile ANPR system is expected to grow rapidly during the forecast period between 2017 and 2023. These systems are gaining popularity amongst the law enforcement agencies as they provide greater mobility and flexibility while conducting security and surveillance operations.

ANPR cameras held the largest market share in 2016. The cost of the cameras varies depending on their specifications such as resolution, distance from which it can take photos, and maximum speed of the vehicle that can be recorded in the camera. Also, the number of cameras required depends on the area where the ANPR systems are to be installed. Generally, a single camera unit is assigned for capturing a single lane; hence, for more number of lanes, more cameras are required.

APAC is expected to exhibit the highest growth during the forecast period. The demand for ANPR systems in APAC is significantly driven by the strong economic growth, rising number of vehicles, and rapid urbanization. Several countries in APAC are at an early stage of adopting technology for electronic tolling and traffic monitoring. Factors such as growing population and rapid industrialization have led to an increase in the usage of vehicles.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 ANPR System Market, By Type

7 ANPR System Market, By Component

8 ANPR System Market, By Application

9 ANPR System Market, By Geography

10 Competitive Landscape

11 Company Profiles

  • ANPR International Ltd
  • ANPR Projects Limited
  • ARH Inc.
  • Beltech BV
  • Bosch Security Systems Inc.
  • C3I Intelligent System Ltd
  • Conduent Inc.
  • Digital Recognition System Ltd.
  • Elsag North America LLC
  • Euro Car Parks Limited
  • FF Group
  • First Parking LLP
  • Genetec Inc.
  • HTS
  • KAPSCH TrafficCom AG
  • NDI Recognition Systems
  • Neology Inc.
  • ParkingEye Limited
  • Q-Free ASA
  • Quercus Technologies
  • Ranger Services Ltd
  • S.L.
  • Siemens AG
  • TagMaster North America Inc.
  • Tattile SRL
  • Vigilant Solutions Inc.

For more information about this report visit https://www.researchandmarkets.com/research/88hrgm/automatic_number

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive