Global Automatic Number Plate Recognition System Market By Component, By Type, By Application, By End User, By Company, By Region, Forecast & Opportunities, 2026

Global Automatic Number Plate Recognition (ANPR) System Market By Component (Hardware v/s Software), By Type (Fixed, Mobile, Portable), By Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Others), By End User (Government v/s Commercial), By Company, By Region, Forecast & Opportunities, 2026

New York, Feb. 05, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Automatic Number Plate Recognition System Market By Component, By Type, By Application, By End User, By Company, By Region, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p06020701/?utm_source=GNW

The Global Automatic Number Plate Recognition (ANPR) System Market is expected to grow at a formidable rate of around 10% during the forecast period.The Global Automatic Number Plate Recognition (ANPR) System Market is driven by the growing need for effective traffic management and safety.

The increasing incidences of thefts, crimes, road accidents, breach of traffic laws, among others are expected to fuel the market growth during the forecast period.Furthermore, increased adoption of advanced technologies such as cloud based services, IoT, AI, among others is expected to propel the market through 2026.

However, inconsistency in size, designs, font, color, style, among others can hamper the market growth over the next few years since it becomes very difficult to make an algorithm that can read all the different number plates pattern without any discrepancy.

The Global Automatic Number Plate Recognition (ANPR) System Market is segmented based on component, type, application, company and region.Based on component, the market can be categorized into hardware and software.

The hardware segment can be further categorized into ANPR cameras, frame grabbers, triggers and others.The ANPR cameras segment is expected to dominate the market on account of the widespread adoption of ANPR cameras in traffic management and law enforcement.

While, the software segment is also expected to significant growth during the forecast period.This can be accredited to the increasing incidents of vehicle thefts and growing criminal activities which requires real time identification and tracking system in the automotive & transportation industry.

Based on type, the market can be grouped into fixed, mobile and portable. The fixed ANPR segment is expected to dominate the market owing to the increasing demand for these system for monitoring traffic and collecting data in highways, bridges, parking spaces, among others. On the contrary, the mobile is expected to grow during the forecast period attributable to the increased adoption of these by various agencies involved in security and surveillance sector. Based on application, the market can be fragmented into traffic management, law enforcement, electronic toll collection, parking management and others. The electronic toll collection segment is expected to dominate the market owing to the widespread adoption by the vehicles and strict government mandates in various countries for deployment of electronic toll collection.

Regionally, the automatic number plate recognition (ANPR) system market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa.Among these regions, Europe is expected to dominate the overall automatic number plate recognition (ANPR) system market owing to the increased adoption of ANPR system for traffic management.

While, Asia Pacific is expected to register the highest growth attributable to increasing public infrastructure and high construction.Additionally, Japan has been using this system since last 10 years for calculating the journey time.

India has also started deploying ANPR system in traffic management and on highways. These factors support the growth of the market in the region.

The major players operating in the automatic number plate recognition (ANPR) system market Kapsch TrafficCom AG, Q-Free ASA, Siemens AG, Bosch Security System, Inc., 3M Company, ARH Inc., Vigilant Solutions Inc., NDI Recognitions System Ltd, Captec Ltd., ClearView Communications and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026

Objective of the Study:

• To analyze and estimate the market size of the Global Automatic Number Plate Recognition (ANPR) System Market from 2016 to 2019.
• To estimate and forecast the market size of the Global Automatic Number Plate Recognition (ANPR) System Market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast the Global Automatic Number Plate Recognition (ANPR) System Market based on component, type, application, end-user, company and regional distribution.
• To identify dominant region or segment in the Global Automatic Number Plate Recognition (ANPR) System Market.
• To identify drivers and challenges for the Global Automatic Number Plate Recognition (ANPR) System Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Automatic Number Plate Recognition (ANPR) System Market.
• To identify and analyze the profile of leading players operating in the Global Automatic Number Plate Recognition (ANPR) System Market.
• To identify key sustainable strategies adopted by market players in the Global Automatic Number Plate Recognition (ANPR) System Market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of service providers across the globe.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service providers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of the Global Automatic Number Plate Recognition (ANPR) System Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• Automatic number plate recognition (ANPR) system service provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to automatic number plate recognition (ANPR) system
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Global Automatic Number Plate Recognition (ANPR) System Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Automatic number plate recognition (ANPR) system Market, By Component:
o Hardware
ANPR Cameras
Frame Grabbers
Triggers
o Software
• Global Automatic number plate recognition (ANPR) system Market, By Type:
o Fixed
o Mobile
o Portable
• Global Automatic number plate recognition (ANPR) system Market, By Application:
o Traffic Management
o Law Enforcement
o Electronic Toll Collection
o Parking Management
o Others
• Global Automatic number plate recognition (ANPR) system Market, By End-User:
o Government
o Commercial
• Global Automatic number plate recognition (ANPR) system Market, By Region:
o North America
United States
Canada
Mexico
o Europe
Germany
France
United Kingdom
Italy
Spain
o Asia-Pacific
China
Japan
India
South Korea
Australia
o Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
o South America
Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automatic Number Plate Recognition (ANPR) System Market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06020701/?utm_source=GNW

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