ANPR technology finds application in the detection, prevention, and disruption of crime at local, provincial, and national levels.
Vancouver, BC -- (SBWIRE) -- 05/03/2021 -- The global Automatic Number Plate Recognition (ANPR) system market is expected to reach USD 4,899.0 Million in 2028, and register a CAGR of 9.5% during the forecast period. Rising focus on smart city development is a significant factor driving Automatic Number Plate Recognition system market revenue growth. Reducing traffic congestion and decreasing on-road risks to commuters and pedestrians through provision of real-time traffic information to transport departments as well as commuters is inherent to the idea behind the development of smart cities.
The market is anticipated to grow exponentially due to the recent progression of technology and developments in products and services. The report further analyzes the revenue growth at the global, regional, and country level with an extensive analysis of current and future industry trends pertaining to each segment and sub-segment. Furthermore, the report analyses the manufacturing process segment, competitive benchmarking, revenue shares of the leading company, regional and global opportunities, latest trends, and market dynamics, and historical data and forecasts.
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The global ANPR system market is moderately fragmented, with a large number of small- and medium-sized companies accounting for a majority revenue share. Major companies have well-established facilities and engage in various research and development activities and initiatives to develop and deploy new and more efficient technologies in the ANPR system market. Some prominent players operating in the ANPR system market are:
Siemens AG
ARH Inc.
Neology Inc.
Kapsch TrafficCom
Genetec Inc.
TagMaster
Conduent Inc.
Bosch Ltd.
Q-Free ASA
Vigilant Solutions Inc.
Automatic Number Plate Recognition (ANPR) System Market Segmentation:
For the purpose of this report, Emergen Research has segmented the global ANPR system market on the basis of component, type, application, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Hardware
Software
Type Outlook (Revenue, USD Billion; 2018–2028)
Fixed ANPR System
Mobile ANPR System
Portable ANPR System
Application Outlook (Revenue, USD Billion; 2018–2028)
Traffic Management
Electronic Toll Collection
Law Enforcement
Access Control
Parking Management
The market is spread across several key geographical regions, and the report covers the regional analysis as well as the production, consumption, revenue, and market share in those regions for the forecast period. The regions include North America, Latin America, Europe, AsiaPacific, and Middle East and Africa.
Comprehensive Regional Analysis Covers the Following Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Coverage of the Automatic Number Plate Recognition (ANPR) System Market:
Insightful information regarding the global Automatic Number Plate Recognition (ANPR) System market
Identification of growth in various segments and sub-segments of the Automatic Number Plate Recognition (ANPR) System market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision-making process through the availability of the drivers and limitations
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. ANPR System Market Segmentation & Impact Analysis
4.1. ANPR System Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers' analysis
4.2.2.1. Growing use of ANPR system in security and surveillance
4.2.2.2. Increasing government funding on intelligent transport system
4.2.2.3. Growing focus on smart city development
4.2.3. Market restraints analysis
4.2.3.1. Number plate design inconsistency
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. ANPR System Market By Component Insights & Trends, Revenue (USD Billion)
5.1. Component Dynamics & Market Share, 2021 & 2028
5.1.1. Hardware
5.1.2. Software
Chapter 6. ANPR System Market By Type Insights & Trends Revenue (USD Billion)
6.1. Type Dynamics & Market Share, 2021 & 2028
6.1.1. Fixed ANPR System
6.1.2. Mobile ANPR System
6.1.3. Portable ANPR System
CONTINUED..!!
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