Global Automatic Number Plate Recognition Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Market Research Future (MRFR) projects that the global automatic number plate (ANPR) market 2020 can attain a valuation of more than USD 1,100 million by 2023. The market value in 2018 was USD 670.7 million in the year 2018, reports MRFR.
The players with maximum hold over the automatic number plate recognition market are Jenoptik Group, Genetec Inc., Neology, Inc., Kapsch TrafficCom AG, Bosch Group, Siemens AG, Leonardo Company, Conduent Inc., Tattile SRL, Vigilant Solutions, to mention a few.
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Top Drivers and Main Challenges
Automatic Number Plate Recognition (ANPR) system helps in-vehicle surveillance that finds use in intelligent transportation system. ANPR makes use of an advanced machine vision technology that helps it recognize a vehicle by its number plate without requiring any human intervention. The adoption of ANPR technology is increasing steadily in the global market.
A surge in the number of road accidents owing to breach of traffic laws is prompting law enforcement agencies to come up with strict regulations and make use of safety measures like speed control and red light control. To overcome these issues, traffic enforcement departments all over the world are increasingly deploying the latest technologies to enhance road safety. Many of the traffic departments in Europe and North America already use ANPR systems, which is a crucial tool in traffic management, ensuring mobility as well as traffic safety.
The ANPR market also stands to benefit from the amplified need to collect data for toll at private and public places. These systems also find widespread use in police and law enforcement agencies to ensure effective security and surveillance. Increasing number of vehicle thefts coupled with rising criminal activities is also expected to boost the growth of the automatic number plate market during the evaluation period.
In March 2018, Siemens launched Sicore ll, a next-generation ANPR camera. The Sicore ll camera is based on vision detection and analytics technology to capture high-quality and evidentially-secure images during the day as well as night.
In December 2018, Kapsch TrafficCom Australia Pty, Ltd, a subsidiary of Kapsch TrafficCom AG has been contracted by CPB Contractors John Holland Joint Venture (CPBJH JV) and Lendlease Samsung Bougyues Joint Venture (LSB JV) to deliver the Tolling Roadside System in Melbourne and Sydney.
November 2018, Vigilant Solutions partnered with ParkMobile, a US-based smart parking and mobility solutions company.
Type, component, application, and end-user are the primary segments based on which the ANPR market has been analyzed in the report.
Type-based segments covered in the report are Fixed ANPR Systems, Portable ANPR Systems, Mobile ANPR Systems, and others. In 2017, the fixed ANPR system segment had held a share of 42.5% in the market, and had stood at a valuation of USD 258.7 million. Apart from this, the segment can procure a growth rate of 9.1% in the following years.
Given the component segment, the market has been considered for Triggers, ANPR Cameras, ANPR Software, Frame Grabbers, and others. In 2017, ANPR cameras secured the leading spot in the market and had been valued at USD 185.5 million. In the coming years, the segment can grow at a rate of 10%.
Depending on the segment of application, the market caters to Law Enforcement, Traffic Management, Parking Management, Access Control and Electronic Toll Collection. The law enforcement segment held a share of 31.1% of the market in 2017, and was worth USD 189.1 million. During the appraisal period, the segment can record a remarkable growth rate, since these systems are used in a number of law enforcement activities and are often used to help homeland security and also secure public venues.
Considering the end-user segment, the market is divided into Government, Commercial, Homeland Security and Defense. In 2017, the government segment held 71.7% share in the market and its worth was USD 436.2 million. The segment also exhibits a potential of attaining a growth rate of 10.6% in the near future, on account of the increasing use of AMPR system by government bodies for law enforcement.
The regional segmentation of the automatic number plate recognition market covers North America, Europe, Asia Pacific (APAC) and the Rest of the World (RoW).
Europe was the leading market for ANPR in 2017, accounting for over one-third share in the market, with respect to value. The Europe market can also note a healthy growth rate of 10.5% during the given timeline. The ANPR system is increasingly being adopted in countries like the United Kingdom (UK), Germany, the Netherlands and France among others. These developed countries offer a host of lucrative opportunities to the players that are part of the regional market.
With respect to value, North America has been identified as the second-most lucrative market for ANPR, with APAC being the third largest market. North America offers profitable prospects for growth to the automatic number plate recognition market, since the region is known for making extensive use of technologically advanced security systems. The market also profits from the mounting demand for effective toll collection, the rising need to save time spent on long queues as well as the need to curb expenses incurring from the same.
Key questions addressed by the report
- Which applications / segments provides the maximum growth opportunity?
- What are the emerging technologies and how it would disrupt the market?
- Who are the key players dominating the market, followed by other prominent vendors and strategies adopted by them?
- What was the market size and what would be the forecast in next few years?
- Regional and country attractiveness: mid to long term outlook?
- Market dynamics including trends, opportunities, drivers, challenges and how this would impact the market eco-system?
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TABLE OF CONTENTS
1 Executive Summary
1.1 Market Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Forecast Model
4 Market Dynamics
4.1.1 Installation Of ANPR Systems For Safety And Traffic Enforcement
4.1.2 Increase Adoption Of Video Analytics Technology
4.2.1 Lack Of Standardization Of License Plates
4.3.1 The Emergence Of Smart Parking Technology
5 Market Factor Analysis
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Automatic Number Plate Recognition (Anpr) System Market, by Type, 2018–2023 (Usd Million)
Table 4 Global Automatic Number Plate Recognition (Anpr) System Market, by Component, 2018–2023 (Usd Million)
Table 5 Global Automatic Number Plate Recognition (Anpr) System Market, by Application, 2018–2023 (Usd Million)
Table 6 Global Automatic Number Plate Recognition (Anpr) System Market, by End-user, 2018–2023 (Usd Million)
Table 7 Global Automatic Number Plate Recognition (Anpr) System Market, by Government, 2018–2023 (Usd Million)
Table 8 Global Automatic Number Plate Recognition (Anpr) System Market, by Region, 2018–2023 (Usd Million)
Table 9 North America: Automatic Number Plate Recognition (Anpr) System Market, by Country, 2018–2023 (Usd Million)
Table 10 North America: Automatic Number Plate Recognition (Anpr) System Market, by Type, 2018–2023 (Usd Million)
List of Figures
Figure 1 Global Automatic Number Plate Recognition (Anpr) System Market: Market Structure
Figure 2 Top Down & Bottom Up Approach
Figure 3 Dro Analysis of Global Automatic Number Plate Recognition (Anpr) System Market
Figure 4 Supply Chain: Automatic Number Plate Recognition (Anpr) System Market
Figure 5 Porter’s Five Forces Analysis of Global Automatic Number Plate Recognition (Anpr) System Market
Figure 6 Global Automatic Number Plate Recognition (Anpr) System Market, by Type, 2017 Vs 2023 (Usd Million)
Figure 7 Global Automatic Number Plate Recognition (Anpr) System Market, by Component, 2017 Vs 2023 (Usd Million)
Figure 8 Global Automatic Number Plate Recognition (Anpr) System Market, by Application, 2017 Vs 2023 (Usd Million)
Figure 9 Global Automatic Number Plate Recognition (Anpr) System Market, by End-user, 2017 Vs 2023 (Usd Million)
Figure 10 Global Automatic Number Plate Recognition (Anpr) System Market, by End-user, 2017 Vs 2023 (Usd Million)
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