Automatic Number Plate Recognition (ANPR) System Market Scope
ANPR system is a surveillance method that uses technology that is used to read vehicle registration plates through the optical character recognition on images. The system uses the existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. It comprises of hardware such as camera frame gabber and other related equipment as well as software modules. ANPR system is also used in the places where electronic toll collection and pay-per-use roads are executed. It is mainly used by police forces all over the world for law enforcement purposes, where it performs the task to check if a vehicle is registered or licensed. Further, the rising adoption of ANPR hardware and software components in traffic management, toll enforcement, and security and surveillance segments is driving the ANPR system market.
According to AMA, the Global Automatic Number Plate Recognition (ANPR) System market is expected to see growth rate of 9.24%Automatic number plate recognition system market is quite fragmented in nature with a large number of international as well as regional players operating in the market. Companies are striving continuously to develop a sophisticated image capturing hardware and efficient and fast software paired with hardware.
3M Company (United States), Kapsch TrafficCom AG (Austria), Conduent, Inc. (United States), Q-Free ASA (Norway), Siemens AG (Germany), Genetec Inc. (Canada), Neology, Inc.(United States), Bosch Security Systems GmbH (Germany), Tattile Srl (Italy), HTS (New York), FF Group (Cyprus) and Nedap (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are TagMaster North America, Inc. (United States), NDI Recognition Systems Ltd. (United Kingdom), Euro Car Parks Limited (United Kingdom), Quercus Technologies, S.L. (Spain), Vigilant Solutions, Inc. (United States), Elsag North America, LLC (United States), ARH Inc. (Hungary), Digital Recognition System Ltd. (United Kingdom), Beltech BV (Netherlands), and ANPR International Ltd. (United Kingdom).
Segmentation Overview
The study have segmented the market of Global Automatic Number Plate Recognition (ANPR) System market by Type (Fixed ANPR System, Mobile ANPR System and Portable ANPR System), by Application (Traffic Management, Law Enforcement, Electronic Toll Collection and Parking Management) and Region with country level break-up.
On the basis of geography, the market of Automatic Number Plate Recognition (ANPR) System 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).
Influencing Trend:
Increasing R & D Activities to Discover Novel Applications for ANPR system and Use of Video Analytic Technology for Constant Monitoring of Vehicles
Market Growth Drivers:
Deployment of ANPR System for Security Surveillance and Traffic Enforcement, Rapid Infrastructure in Emerging Economies, Demand from End-user such as traffic management, parking management, and toll collection and Increase in the Number of Vehicles due to Breach in Traffic Laws
Challenges:
Misinterpretation of Ambiguous Characters on Number Plates and Increasing Number of Vehicle Thefts and Criminal Activities
Restraints:
Inconsistency in Number Plate Design in Vehicles May Hamper the Market Growth
Opportunities:
Rising Fund Allocation by the Government in the Automobile Sector and Increase in the Use of Cloud-Based Storage Services
Market Leaders and their Expansionary Development Strategies
In November 2018, Nedap a leading specialist in long-range identification solutions launches the next generation of its Automatic Number Plate Recognition (ANPR) platform. With the introduction of two brand-new cameras, Nedap answers to the rapid growing demand for effective license plate reading in vehicle access control applications
In 2018, Poliscan surveillance is an automatic number plate recognition (ANPR) system with best-possible detection rates. The built-in LIDAR technology detects vehicles in free-flowing traffic regardless of traffic volume, speed, or weather conditions.
Key Target Audience
Automatic Number Plate Recognition (ANPR) System Service Providers, Governments, Financial institutions, and Investment Communities, Original equipment manufacturers (OEMs) (End-user application or Electronic Component Manufacturers), Product manufacturers, Raw material and manufacturing equipment suppliers and Technology Investors
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.