About License Plate Cameras
The license plate camera is designed to recognize the license plate number of moving vehicles. The Licensed plate cameras having built in software and hardware that compensates for speed, weather, and headlight glare. These cameras are designed more technical as compared to the traditional security camera system. These are automated license plate are computer-controlled cameras systems that majorly mounted on street poles, streetlights, highway overpasses, mobile trailers, and also on police squad cars. This camera automatically captures the license plate number and also some time driver and passenger and uploaded to the central server. The license plate cameras used to target drivers visit on sensitive places.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.4% |
The global License Plate Cameras market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global License Plate Cameras market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zavio (China), GeoVision (China), VIVOTEK (China), RECONYX (United States), Speco Technologies (United States), Axis Communications (Sweden), Bosch (Germany), COP (United States), Digital Watchdog (United States) and Avigilon (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are CCTV Camera Pros, LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global License Plate Cameras market by , Application (Health Centers, Immigration Clinics, Gun Shops, Union Halls, Protests and Centers for Religious Worship) and Region.
On the basis of geography, the market of License Plate Cameras has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Lens Type, the sub-segment i.e. Motorized Lens (Automatic Zoom) will boost the License Plate Cameras market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Style, the sub-segment i.e. Box will boost the License Plate Cameras market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resolution, the sub-segment i.e. 1.3 2.1 MP will boost the License Plate Cameras market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Highly Adopted For Police Squad Cars for Chasing Any Vehicles, Reduce Staffing Requirements, Advancement in Pixel Density, Real-Time Investigation and Historical Investigation
Market Growth Drivers:
Growing Requirement in Crime Detection Procedures, Increase Government Initiatives towards Immigrations Systems and Growing Number of Stolen Vehicles
Challenges:
Complex Installation Procedure
Restraints:
High Manufacturing Cost
Opportunities:
Advancement in Security Camera System in Emerging Countries and Growing Number of Manufacturing Companies in Asia Pacific Regions Majorly In China and India
Market Leaders and their expansionary development strategies
In December 2023, AirGarage is pleased to announce a new partnership with Flock Safety. The partnership will allow AirGarage to deploy license plate recognition (LPR) cameras across our portfolio as part of our ongoing commitment to providing a safe and secure environment for our property owners, tenants, and drivers.
In August 2023, Genetec has released its next-generation Autovu Sharp V ALPR (automatic license plate recognition) camera. This new version has been designed to provide a future-proof fixed ALPR solution that can be deployed anywhere easily. It is built to deliver machine learning-based ALPR and vehicle analytics on the edge, ensuring high performance in all conditions.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, License Plate Cameras Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.