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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in the Automatic Number Plate Recognition Market
Market players are focused on integrating new technologies such as artificial intelligence (AI) and the Internet of Things (IoT) to improve the efficiency and accuracy of ANPR systems
Bosch Security Systems B.V., founded in 1886 and headquartered in Gerlingen, Germany, is a leading provider of security and safety systems. The company offers CCTV, public address systems, and access control solutions. It also provides repair and maintenance services as well.
Siemens AG, founded in 1847 and headquartered in Munich, Germany, focuses on industrial automation, energy management, and building technologies, including security and safety systems. The company offers solutions for infrastructure projects, including consulting, engineering, and maintenance.
Kapsch Aktiengesellschaft, founded in 1892 and headquartered in Vienna, Austria, specialises in intelligent transportation systems, including traffic management and toll collection solutions. The company provides consulting, engineering, and implementation services for transportation infrastructure projects.
Conduent Inc., founded in 2014 as a spin-off from Xerox Corporation and headquartered in New Jersey, United States, is a business process outsourcing and technology services company. The company offers transportation and logistics solutions and technology services, such as consulting, implementation, and maintenance.
Other key players in the global automatic number plate recognition market include Jenoptik AG, among others.
Automatic Number Plate Recognition Market Report Snapshots
Automatic Number Plate Recognition Market Size
Automatic Number Plate Recognition Market Growth
Automatic Number Plate Recognition Market Trends
Automatic Number Plate Recognition Market Share
Automatic Number Plate Recognition Companies
Automatic Number Plate Recognition Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global automatic number plate recognition market attained a value of more than USD 3.36 billion.
The market is expected to grow at a CAGR of 10.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 8.13 billion by 2032.
The rising instances of reckless driving, the increasing use of automatic number plating recognition to provide evidence in cases of criminal activities, and the rapid digitalisation of traffic monitoring devices are the major drivers of the market.
Key trends aiding market expansion include the rising concerns regarding traffic congestion, the robust growth of the travel and tourism sector, and the increasing demand for enhanced surveillance systems for efficient traffic management.
The various types of automatic number plate recognition systems considered in the market report are fixed, mobile, and portable.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major applications of automatic number plate recognition are traffic management, fast pyrolysis, law enforcement, and electronic toll collection, among others.
Key players in the market are Bosch Security Systems B.V, Siemens AG, Kapsch Aktiengesellschaft, Conduent Inc., and Jenoptik AG, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124