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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Automatic Number Plate Recognition Market Share
Growing demand for fixed ANPR systems for traffic management to bolster the market’s growth
Based on type, the fixed ANPR segment accounted for a significant share in the market and is likely to grow significantly in the forecast period as well. This can be attributed to the rising application of fixed ANPRs in traffic management and toll collection. Over the forecast period, the rising demand for fixed systems from the security and defence sector to achieve enhanced surveillance is likely to propel the segment’s growth.
As per automatic number plate recognition market analysis, the market will further be aided by the requirement of real-time enforcement for frequent toll violators. Meanwhile, the portable ANPR segment is likely to gain traction in the forecast period, owing to its wide adoption by the law enforcement sector due to the cost-effectiveness and flexibility of usage of the product.
Thriving traffic management segment to augment the market revenue, driven by rising automobile sales
Based on application, the traffic management segment accounted for the largest automatic number plate recognition market share and is anticipated to remain dominant in the forecast period as well. The market growth can be attributed to the need for a proper flow of traffic amidst the increasing sales of automobiles. The data provided by the product, which includes traffic counts, travel speed, and origin-destination, is vital for the proper traffic management. The market will further be aided by the growing trend of congestion charge, which is levied on the drivers violating the laws in heavy traffic areas.
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