Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Automatic Number Plate Recognition Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Automatic
Number Plate Recognition Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Automatic Number Plate Recognition Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Automatic
Number Plate Recognition Market is offered. In
accordance with the report, the global Automatic Number Plate Recognition
Market is projected to
expand at a CAGR of 9.53% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
An Automatic Number Plate Recognition (ANPR) system reads the number
plate of passing vehicles extracts the characters on the plate and converts
them into digital format, which can be used for a wide variety of applications.
Data collected through ANPR systems can be compared with the vehicle and people
database available with the law enforcement agencies such as the Driver and
Vehicle Licensing Agency and Police National Road Agency. ANPR systems consist
of very high-speed camera with the Infrared filters, processors which are capable
of performing the optical character recognition , application software, user
interface, & an alert capability for the purpose of notifying the operators
in case of a match.
Europe represented the largest
geographical market for automatic number plate recognition, followed by North
America, which is expected to experience fastest growth over the forecast
period from 2019 to 2027. Implication of strict traffic safety norms in Europe
and increasing adoption of new technologies by the governments for traffic
management are some important factors driving the growth of this region to
dominate the global automatic number plate recognition market. However, regions
such as Asia Pacific a, MEA and South America are expected to grow over the
next five years, as the adoption of ANPR technology for traffic enforcement is
increasing rapidly in these regions. The automatic
number plate recognition technology is being used globally by police
departments and security agencies to ensure public safety. ANPR systems are
used by the police for three major applications, namely identification of the
vehicles being used by criminals, gathering intelligence information, &
crime investigation, fixed or portable ANPR cameras are being used for the
purpose of capturing images of the vehicles along with their license plate
& to further link them to time & location of the crime.?
This information is then verified against the databases of vehicle
records available with the centralized ANPR data center. This facilitates
security bodies in identifying and intercepting vehicles in real time and
taking necessary action. ANPR cameras installed on the streets with night
vision capabilities improve public safety at night. In the U.S., the police
department has installed ANPR cameras across all 51 states for tracking
vehicles used in crime. Moreover, ANPR cameras have rapidly replaced CCTV
cameras in recent years across the world. This is due to the capability of ANPR
systems to create databases in real time. A CCTV camera does not have the
capability to recognize a face or a vehicle. In England and Wales, 10,502 ANPR
systems were reportedly installed on roads in 2010. Thus, the application of
ANPR systems in ensuring public safety on streets and in criminal
investigations is among the major factors driving growth in the global ANPR
market.
Segment Covered:
This market
intelligence report on the global Automatic Number Plate Recognition Market encompasses market segments based on type, component, application and country.
In terms of type, the Automatic Number Plate Recognition Market is segregated
into:
·
Fixed ANPR Systems
·
Mobile ANPR Systems
·
Portable ANPR Systems
By component, the global Automatic
Number Plate Recognition Market is segregated into:
·
ANPR Cameras
·
ANPR Software
·
Frame Grabbers
·
Triggers
·
Others
By application, the global Automatic Number Plate Recognition Market is segregated
into:
·
Traffic Management
·
Law Enforcement
·
Electronic Toll Collection
·
Parking Management
·
Access Control
By country/region, the global Automatic Number Plate Recognition Market has been
divided into:
·
North America
(the U.S., Canada),
·
Latin America
(Brazil, Mexico, Argentina and other countries),
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
ARH Inc.
·
Bosch Security
Systems, Inc.
·
Conduent, Inc.
·
Digital
Recognition Systems Ltd.
·
Elsag North
America, LLC
·
Genetec Inc.
·
KAPSCH
TrafficCom AG
·
NDI Recognition
Systems
·
Neology, Inc.
·
Q-Free ASA
·
Siemens AG
·
Tattile SRL
·
Vigilant
Solutions, Inc.
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Automatic Number Plate Recognition related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Automatic
Number Plate Recognition Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2019 – 2027, taking into account 2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Automatic Number Plate Recognition Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Siemens, Bosch, ARH among
others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Automatic Number Plate Recognition caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Automatic
Number Plate Recognition Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Automatic Number Plate Recognition Market
v
Identification
of key factors driving investment opportunities in the Automatic
Number Plate Recognition Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants