The global License Plate Reader market size is projected to reach US$ 1755 million by 2028, from US$ 855 million in 2021, at a CAGR of 8% during 2022-2028. Automatic license plate readers are computer-controlled high-speed camera systems typically placed on street poles,street lights,highway overpasses,mobile trailers, or connected to police squad cars. Alps automatically captures all identifiable license plate numbers along with location,date and time.
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Segment by Type
Independent Component
One Machine
Segment by Application
Traffic Management
Law Enforcement
Electronic Toll Collection
Parking Management
Others
Top Major Key Players:
NeuralLabs
HITEC International Corp
Milesight
Asura Technologies
Leonardo S.p.A
Kintronics
Platesmart Technologies
SMP Robotics
Johnson Controls
Canon
ZTSX
JinHao
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Scope of the Report
The research study analyzes the global License Plate Reader Market 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
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 License Plate Reader Market Report
1. What was the License Plate Reader Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of License Plate Reader Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the License Plate Reader 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 License Plate Reader market.
• The market share of the global License Plate Reader 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 License Plate Reader market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global License Plate Reader market.
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