The Business Research Company’s report on the ANPR System Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the anpr system market’s growth in recent years?
The increasing incidents of road accidents are expected to propel the growth of the ANPR system market going forward. Road accidents refer to incidents or collisions that occur on public roads involving vehicles, pedestrians, cyclists, or any other road users. ANPR cameras can automate access control procedures, boost security, stop auto theft, and improve traffic flow. It fulfills the function of a traffic monitoring camera, reducing accidents and traffic congestion by reading license plates and issuing toll tickets. For instance, in April 2024, according to the data published by Eurostats, a Luxembourg-based statistical office of the European Union, road traffic accidents in the EU resulted in 20,653 fatalities in 2022, reflecting a 4% rise compared to the 19,917 deaths recorded in 2021. Therefore, the increasing incidents of road accidents are driving the growth of the ANPR system market.
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How does the future projection of the anpr system market size compare to its historical growth?
The ANPR system market size has grown strongly in recent years. It will grow from $2.76 billion in 2024 to $2.99 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to security and surveillance needs, traffic management solutions, counterterrorism measures, reduced hardware costs, government initiatives and funding
The ANPR system market size is expected to see rapid growth in the next few years. It will grow to $4.53 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to emergence of smart tolling systems, privacy compliant ANPR solutions, focus on parking solutions in urban areas, security concerns and border control. Major trends in the forecast period include integration with smart cities initiatives, advancements in deep learning and ai, ANPR in toll collection and parking management, cloud-based ANPR solutions, vehicle access control systems.
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Which key players are shaping the future of the anpr system market?
Major companies operating in the ANPR system market include 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
What trends will propel the growth and evolution of the anpr system market?
Major companies operating in the ANPR system market are adopting innovative technologies such as shutter technology to sustain their position in the market. Shutter technology is a tool that regulates how long light is allowed to enter the lens, exposing the image on film or a digital sensor, and so forth. For instance, in May 2023, Hanwha Vision, a South Korea-based video surveillance company launched a TNO-7180RLP high-speed ANPR camera. The TNO-7180RLP is intended to identify license plates on cars traveling in two lanes at up to 200 km/h. The TNO-7180RLP, which offers a cloud-based solution to improve the precision and effectiveness of license plate recognition, is a noteworthy advance in the ANPR camera industry. The camera has 3MP global shutter technology and is integrated with Hanwha’s recently released road AI solution, which makes use of AI video analytics to determine the make, model, type, and color of observed cars.
Which regions are expected to become dominant players in the anpr system market?
Europe was the largest region in the ANPR system market in 2024. 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.
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What are the emerging key segments in the anpr system market, and how are they evolving?
The ANPR system market covered in this report is segmented –
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
Subsegments:
1) By Fixed ANPR Systems: Parking Management, Traffic Monitoring
2) By Mobile ANPR Systems: Law Enforcement Applications, Roadside Monitoring
3) By Portable ANPR Systems: Temporary Event Monitoring, Flexible Surveillance Solutions
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What defines the structure and scope of the anpr system market?
ANPR stands for automatic number plate recognition, also known as license plate recognition (LPR) or automatic license plate recognition (ALPR). ANPR is a technology that uses optical character recognition (OCR) and image processing techniques to automatically read and analyze vehicle license plates. ANPR systems typically consist of 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 the alphanumeric characters on the plates.
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