ANPR System Global Market Report 2024

Automatic Number Plate Recognition (ANPR), also known as License Plate Recognition (LPR) or Automatic License Plate Recognition (ALPR), is a technology leveraging optical character recognition (OCR) and image processing to automatically read and analyze vehicle license plates. ANPR systems typically incorporate specialized cameras, lighting systems, and image processing software. The cameras capture images of vehicles and their license plates, while the software processes these images to extract alphanumeric characters from the plates.

The primary types of ANPR systems include fixed ANPR systems, mobile ANPR systems, and portable ANPR systems. Fixed ANPR systems involve the installation of ANPR technology in a stationary location, such as at the entrance or exit of a parking lot, a toll booth, or a specific point on a road. Various components, such as ANPR cameras, ANPR software, frame grabbers, triggers, and others, are employed in these systems. They find applications in traffic management, law enforcement, electronic toll collection, parking management, and access control, catering to diverse end-users, including government, commercial entities, and institutions.

The ANPR systems market research report is one of a series of new reports from The Business Research Company that provides ANPR systems market statistics, including ANPR systems industry global market size, regional shares, competitors with a ANPR systems market share, detailed ANPR systems market segments, market trends and opportunities, and any further data you may need to thrive in the ANPR systems industry. This ANPR systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The anpr system market size has grown rapidly in recent years. It will grow from $2.55 billion in 2023 to $2.82 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth observed in the historical period can be attributed to the increasing demand for security and surveillance solutions, the adoption of traffic management technologies, efforts to enhance counterterrorism measures, reduced costs of hardware, and government initiatives and funding in support of ANPR systems.

The anpr system market size is expected to see strong growth in the next few years. It will grow to $4.04 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The anticipated growth in the forecast period can be attributed to the emergence of smart tolling systems, the development of privacy-compliant ANPR solutions, a focus on parking solutions in urban areas, increasing security concerns, and the application of ANPR in border control. Major trends expected in the forecast period include the integration of ANPR with smart cities initiatives, advancements in deep learning and artificial intelligence (AI), the use of ANPR in toll collection and parking management, the adoption of cloud-based ANPR solutions, and the implementation of vehicle access control systems.

The surge in road accidents is anticipated to significantly boost the ANPR (Automatic Number Plate Recognition) system market. Road accidents involve collisions on public roads among various road users, causing harm or damage. ANPR cameras offer automated access control, bolster security measures, prevent vehicle theft, and enhance traffic flow. Functioning as traffic monitoring tools, these cameras aid in reducing accidents and traffic congestion by reading license plates and issuing toll tickets. For example, in May 2023, the Insurance Institute for Highway Safety reported 42,939 fatalities in the US due to 39,508 collisions involving 61,332 vehicles, underscoring the catalyst effect of rising road accidents on the ANPR system market's growth.

The escalating issue of traffic congestion is poised to drive the expansion of the ANPR system market. Traffic congestion occurs when the volume of vehicles surpasses a road network's capacity, resulting in slower speeds, increased travel durations, and decreased transportation system efficiency. ANPR systems are integral to contemporary traffic management strategies, contributing significantly to congestion reduction, improved road safety, and enhanced overall transportation efficiency. For instance, as per gov.UK in July 2023, motor vehicle traffic on UK roads surged by 8.8% between 2021 and 2022, reaching 323.8 billion vehicle miles, signifying the driving force of mounting traffic congestion on the ANPR system market's growth trajectory.

Key players within the ANPR system market are embracing cutting-edge technologies such as shutter technology to fortify their market standing. Shutter technology regulates light exposure to lenses, capturing images on digital sensors or film. For example, in May 2023, Hanwha Vision, a South Korean video surveillance firm, introduced the TNO-7180RLP, a high-speed ANPR camera capable of identifying license plates on vehicles in two lanes traveling at speeds of up to 200 km/h. This camera integrates 3MP global shutter technology and a cloud-based solution, significantly enhancing license plate recognition precision. Moreover, it incorporates Hanwha's latest road AI solution, employing AI video analytics to determine observed cars' make, model, type, and color, marking a remarkable advancement in the ANPR camera industry.

Major players in the ANPR system market are actively innovating by introducing cloud-based Software as a Service (SaaS) products to bolster their market presence. Cloud-based SaaS allows remote program accessibility without local installation and maintenance. For instance, in October 2023, Adaptive Recognition Ltd., a Hungary-based ANPR technology expert, launched carmen cloud ANPR, a cloud-based innovation revolutionizing parking management. This real-time license plate recognition technology optimizes parking administration by enhancing data security, streamlining entry and exit processes, and providing an intuitive solution for parking system integrators. The carmen cloud ANPR aims to simplify parking management by enabling real-time license plate identification, optimizing entry and exit procedures, reducing wait times, and alleviating traffic congestion.

In September 2021, Safety21 S.p.A., an Italy-based provider of technological services focused on enhancing road safety standards and smart mobility, completed the acquisition of Kapsch TrafficCom S.r.l. The financial details of the transaction were not disclosed. This strategic move is part of Safety21's ongoing efforts to strengthen its national and international acquisition strategy. The objective is to incorporate essential elements into the range of services the group offers to public bodies in the smart mobility market. Kapsch TrafficCom S.r.l. is the Italy-based branch of Kapsch TrafficCom AG, an Australia-based provider of automatic number plate recognition (ANPR) software.

Major companies operating in the anpr system market report are Nedap N.V., Siemens AG, Panasonic Holdings Corporation, Leonardo S.p.A, Hangzhou Hikvision Digital Technology Co. Ltd., Vigilant Solutions LLC, Dahua Technology USA, Conduent Incorporated, Plate Recognizer, Axis communications AB, Jenoptik AG, Avigilon Corporation, Kapsch TrafficCom AG, Bosch Security Systems Inc., Perceptics LLC, Aimetis Corp., Genetec Inc., PIPS Technology Inc., Q-Free ASA, ACTi Corporation, Tagmaster AB, Pumatronix Equipamentos Eletronicos Ltda., Alnet Systems Inc., ELSAG North America LLC, ARTECO S.u.r.l., Digital Recognition Systems Ltd., Adaptive Recognition Inc., NDI Recognition Systems LLC.

Europe was the largest region in the ANPR system market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anpr system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the anpr system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

ANPR system market consists of sales of charge-coupled device (CCD), infrared or color cameras, and radars. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

ANPR System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on anpr system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for anpr system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The anpr system market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Fixed ANPR Systems; Mobile ANPR Systems; Portable ANPR Systems
• 2) By Component: ANPR Cameras; ANPR Software; Frame Grabbers; Triggers; Other Components
• 3) By Application: Traffic Management; Law Enforcement; Electronic Toll Collection; Parking Management; Access Control
• 4) By End User: Government; Commercial; Institutions
• Companies Mentioned: Nedap N.V.; Siemens AG; Panasonic Holdings Corporation; Leonardo S.p.A; Hangzhou Hikvision Digital Technology Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.