Market Study Report LLC delivers significant information and realistic data of the Global Automatic Number Plate Recognition (ANPR) Market via this newly added research in its database. The report presents a deep study of the market growth factors and drivers, In-depth research of the Automatic Number Plate Recognition (ANPR) Market limitations and the opportunities enable the user to make the future projection.
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the ANPR industry.
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Automatic Number Plate Recognition Market is expected to grow US$ 1654.4 million by 2025 from US$ 643.1 million in 2016.
ANPR market by end-user vertical is segmented into Government and Commercial. Government agencies and private companies have been looking for a better solution for providing better surveillance & security and management and reduce human effort for the same. Thus, a progress in the direction of better security and management is expected to drive the ANPR market.
Potentially, security & surveillance and traffic management present larger opportunities as compared to other applications due to increasing traffic and increasing crime related activities.
Law enforcement agencies need a better technology for better traffic management and detecting the verdict in the cases of crimes. Thus, these two sectors present bundle of opportunities for the ANPR vendor’s growth.
The sales of ANPR is largely influenced by numerous factors. Amongst the factors, application markets influence their sales. Vehicle Parking, Traffic Management, Security & Surveillance and Toll Enforcement are the applications for ANPR. These applications are expected to have a large impact on the growth of ANPR market.
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Table of Contents
1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2.1 Scope of the Study
2.2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Automatic Number Plate Recognition Market Landscape
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Automatic Number Plate Recognition Market – By Application
4.2.2 Global Automatic Number Plate Recognition Market – By System Types
4.2.3 Global Automatic Number Plate Recognition Market – By End-user
4.2.4 Global Automatic Number Plate Recognition Market – By Geography
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis
5 Global ANPR Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising acceptance of smart parking concept worldwide
5.1.2 Reinforcing infrastructure growth in developing economies
5.1.3 Rising concern regarding security & surveillance, and traffic enforcement application 40
5.2 Key Market Restraints
5.2.1 Misinterpretation of ambiguous characters on number plate
5.2.2 Inconsistencies in number plates around the globe
5.3 Key Market Opporunities
5.3.1 Increasing technological development
5.4 Future Trends
5.4.1 The portable ANPR system
5.5 Impact Analysis of Drivers and Restraints
6 Automatic Number Plate Recognition Market – Global
6.1 Global Automatic Number Plate Recognition Market Overview
6.2 Global Automatic Number Plate Recognition Market Forecast and Analysis
7 Global Automatic Number Plate Recognition Market Analysis – By Application
7.2 Vehicle Parking
7.2.2 Global Vehicle Parking Market Revenue and Forecasts to 2025 (US$ Mn)
7.3 Traffic Management
7.3.2 Traffic Management Market Revenue and Forecasts to 2025 (US$ Mn)
7.4 Security & Surveillance
7.4.2 Security & Surveillance Market Revenue and Forecasts to 2025 (US$ Mn)
7.5 Toll Enforcement
7.5.2 Toll Enforcement Market Revenue and Forecasts to 2025 (US$ Mn)
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