Global Automatic Number Plate Recognition (ANPR) System Market 2017-2023 - Market is expected to grow from $1.97 billion in 2016 to reach $4.25 billion by 2023 - Research and Markets

DUBLIN--()--The "Automatic Number Plate Recognition (ANPR) System - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.

The Global Automatic Number Plate Recognition (ANPR) System market is expected to grow from $1.97 billion in 2016 to reach $4.25 billion by 2023 with a CAGR of 11.5%.

Developments in infrastructure across globally, huge funds allocation by various governments and increasing usage of vide-analytics technology are some of the factors supporting the market growth. On the contrary, variation in number plate designs is a major factor limiting the market growth.

By application type, traffic management segment is leading the market with a largest market share during the forecast period. Rising ANPR systems demand globally in urban areas due to high traffic congestion is a key factor for the market growth. Electronic toll collection application is estimated to grow at a highest rate due to the strict government regulations.

Europe region is predicted to grow at a highest CAGR during the forecast period. On the other hand, Asia Pacific region is expected to grow at a fastest rate due to increasing highways and public infrastructures.

Some of the key players in global

  • Euro Car Parks Limited
  • Elsag North America LLC
  • Digital Recognition System Ltd.
  • Conduent Inc.
  • C3I Intelligent System Ltd
  • Bosch Security Systems Inc.
  • Beltech BV
  • ARH Inc.
  • ANPR Projects Limited

Applications Covered:

  • Traffic Management
  • Parking Management
  • Law Enforcement
  • Electronic Toll Collection
  • Toll Enforcement
  • Security and Surveillance
  • Access Control

Types Covered:

  • Portable ANPR Systems
  • Fixed ANPR Systems
  • Mobile ANPR Systems

Components Covered:

  • Triggers
  • ANPR Cameras
  • Frame Grabbers
  • ANPR Software
  • Other Components

End Users Covered:

  • Commercial
  • Defense
  • Entertainment & Recreation Facilities
  • Government
  • Traffic Department
  • Homeland Security

For more information about this report visit https://www.researchandmarkets.com/research/w2x2n3/automatic_number

Contacts

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Related Topics: Automotive

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Automotive