The ANPR System Market is expected to grow from USD 2.3 billion in 2020 to USD 3.8 billion by 2027, at a CAGR of 10%.
Automatic license plate recognition (ANPR) can best be described as a mass surveillance method that uses optical character recognition on images for reading purposes, such as vehicle license plates. ANPR can be used to save images clicked by the camera along with a configurable driver picture. The technology is widely used as a method of electronic toll collection and traffic activity monitoring for various police forces and toll roads. Automatic License Plate Recognition (ANPR) provides real-time insight based on object detection and recognition (OCR) technology to identify a vehicle’s license plate. A variety of recognition technologies are used to identify license plates, such as closed-circuit television and cameras and character recognition. Automatic license plate recognition systems increase the efficiency of automatic toll collection, car theft, traffic control, and border crossings. The ANPR system is widely used to identify speeding cars, traffic law enforcement, and automatic toll centers, and has helped to reduce highway accidents to some extent due to increased awareness of highway speed limits among drivers.
(Get 15% Discount on Buying this Report)
A full report of the Global ANPR System Market is available at: https://www.orionmarketreports.com/anpr-system-market/58802/#ert_pane1-1
Market Segments
By Type
- Fixed ANPR Systems
- Mobile ANPR Systems
- Portable ANPR Systems
By Component
- ANPR Camera
- ANPR Software
- Frame Grabber
- Trigger
- Others
By Application
- Traffic Management
- Law Enforcement
- Electronic Toll Collection
- Parking Management
- Access Control
Key Players
Some of the leading players in the ANPR system market are Siemens, Kapsch TrafficCom, Blue Star Limited, Sensys Gatso, Bosch Security Systems, Inc., Genetec Inc., PlateSmart Technologies, Vaxtor Technologies, AllGoVision Technologies Pvt. Ltd, and Amplicon Liveline, RoadPixel, besides a few others.
Scope of the Report
The research study analyzes the global ANPR System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of the Global ANPR System Market is available at: https://www.orionmarketreports.com/anpr-system-market/58802/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by ANPR System Market Report
1.What was the ANPR System Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the ANPR System Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the ANPR System Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global ANPR System market.
- The market share of the global ANPR System market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global ANPR System market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global ANPR System market.
For more customized data, request for report customization @ https://www.orionmarketreports.com/anpr-system-market/58802/#ert_pane1-2
About Us:
Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
