Around the world, law enforcing agencies have made it mandatory to use ANPR system to regulate the traffic in cities and on highways in order to minimize accidents and improve road safety. It is also used on toll collection booths to monitor the traffic movements.
Automatic Number Plate Recognition (ANPR) system is a unique technology which uses optical character recognition to read the vehicles’ number plate. This technology uses closed-circuit cameras that enable efficient completion of the task.
Overall, to enhance road safety measures the ANPR system market is gaining momentum. This report studies the current and future aspects of the ANPR market.
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KEY PREMIUM INDUSTRY INSIGHTS
- The global Automatic Number Plate Recognition (ANPR) System market is growing at a steady pace during the forecasted period because of rise in demand for road safety and security. In addition, an infrastructural development and traffic enforcement application is boosting the market growth further.
- ANPR offers various applications such as traffic management, parking management, toll collection, and many more. These benefits are contributing towards the growth of the ANPR system market. The emphasis on proper security and surveillance, by law enforcing agencies is promoting the market growth.
- Moreover, rising incidences of vehicle thefts and increase in criminal activities is favoring the progress of the market. However, the inconsistency in number plate designs is a major factor that is hampering the growth of the ANPR market.
The global ANPR market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Europe region holds the highest market share and is the largest revenue contributor for the ANPR system market.
The region is dominant during the forecasted period because of rise in public roadway infrastructure and highways. Next in line is the Asia Pacific region which is witnessing a fast pace growth due to rise in number of road accidents and government emphasis on security and surveillance.
KEY MARKET PLAYERS
Key players in the automatic number plate recognition (ANPR) system market include:
- KAPSCH TrafficCom AG
- Conduent, Inc.
- Q-Free ASA
- Siemens AG
- Genetec Inc.
- ARH Inc.
- Neology, Inc.
- Elsag North America, LLC
- Vigilant Solutions, Inc.
- Bosch Security Systems, Inc.
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