Automatic Number Plate Recognition Systems: Global Strategic Business Report

Global Automatic Number Plate Recognition Systems Market to Reach $4.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Automatic Number Plate Recognition Systems estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$4.8 Billion by 2027, growing at a CAGR of 12% over the analysis period 2020-2027. Fixed, one of the segments analyzed in the report, is projected to record a 10.9% CAGR and reach US$2.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mobile segment is readjusted to a revised 13.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $634.9 Million, While China is Forecast to Grow at 11.5% CAGR

The Automatic Number Plate Recognition Systems market in the U.S. is estimated at US$634.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$837.5 Million by the year 2027 trailing a CAGR of 11.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.2% and 10.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.

Portable Segment to Record 12.4% CAGR

In the global Portable segment, USA, Canada, Japan, China and Europe will drive the 12.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$348.5 Million in the year 2020 will reach a projected size of US$794 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$557.9 Million by the year 2027.

Select Competitors (Total 67 Featured) -

• ACCEO Solutions, Inc.
• ANPRSolutions.com
• ARH, Inc.
• Bosch Security Systems
• CAME Parkare
• Captec Ltd.
• ClearView Communications Limited
• COBAN Technologies, Inc.
• Digital Recognition Systems Ltd.
• DTK Software
• ELSAG North America LLC
• JENOPTIK Traffic Solutions UK Ltd
• NDI Recognition Systems Ltd.
• Petards Group plc
• Q-Free ASA
• Quercus Technologies
• Siemens AG
• TagMaster AB
• Tattile Srl
• Vigilant Solutions, Inc.
• Zhejiang Dahua Technology Co., Ltd.

What`s New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year