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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Automatic Number Plate Recognition Market Growth
Automatic number plate recognition (ANPR) can be defined as a system that is capable of reading vehicle number plates without any human intervention. It is a highly accurate system, which provides benefits like high-speed image capture with supporting illumination, detection of characters within the images, and character recognition to convert those images into text.
The automatic number plate recognition market expansion is driven by the rising congestion on roads due to traffic and the increasing demand for enhanced surveillance systems for efficient traffic management, especially in emerging economies. In addition, the demand for ANPR is expected to increase owing to its ability to provide 24/7 monitoring without human intervention, cost-effectiveness, and accuracy. The ability of ANPR to provide evidence in case of criminal activities is expected to further aid the automatic number plate recognition market in the forecast period. The rising instances of reckless driving, theft, robbery, accidents, terrorism, and snatching are anticipated to bolster the market growth by generating a significant demand for high-quality ANPR systems.
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