FEATURED COMPANIES
- ACCEO Solutions, Inc.
- ARH, Inc.
- CAME Parkare
- COBAN Technologies, Inc.
- ELSAG North America LLC
- Q-Free ASA
Global Automatic Number Plate Recognition Systems Market to Reach $1.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Automatic Number Plate Recognition Systems estimated at US$718.2 Million in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 9% over the analysis period 2020-2027. Fixed ANPR Systems, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$553.8 Million 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 ANPR Systems segment is readjusted to a revised 10.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $212.6 Million, While China is Forecast to Grow at 8.4% CAGR
The Automatic Number Plate Recognition Systems market in the U.S. is estimated at US$212.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$228.2 Million by the year 2027 trailing a CAGR of 8.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.3% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.
Portable ANPR Systems Segment to Record 9.4% CAGR
In the global Portable ANPR Systems segment, USA, Canada, Japan, China and Europe will drive the 9.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$138 Million in the year 2020 will reach a projected size of US$260 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$152.3 Million by the year 2027.
Select Competitors (Total 67 Featured):
Amid the COVID-19 crisis, the global market for Automatic Number Plate Recognition Systems estimated at US$718.2 Million in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 9% over the analysis period 2020-2027. Fixed ANPR Systems, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$553.8 Million 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 ANPR Systems segment is readjusted to a revised 10.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $212.6 Million, While China is Forecast to Grow at 8.4% CAGR
The Automatic Number Plate Recognition Systems market in the U.S. is estimated at US$212.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$228.2 Million by the year 2027 trailing a CAGR of 8.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.3% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.
Portable ANPR Systems Segment to Record 9.4% CAGR
In the global Portable ANPR Systems segment, USA, Canada, Japan, China and Europe will drive the 9.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$138 Million in the year 2020 will reach a projected size of US$260 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$152.3 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.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- ACCEO Solutions, Inc.
- ARH, Inc.
- CAME Parkare
- COBAN Technologies, Inc.
- ELSAG North America LLC
- Q-Free ASA
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
III. MARKET ANALYSIS
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- A Prelude
- Wide Range of Applications
- Rise in Vehicular Traffic and Need to Regulate Traffic Flow - A Boon for ITS
- Recent Market Activity
- Market Outlook
- Developed Markets - Traditional Revenue Contributors for ANPR Systems
- Developing Countries to Turbocharge Future Growth
- Competitive Overview
- ACCEO Gtechna (USA)
- ANPRSolutions.com (Australia)
- ARH, Inc. (Hungary)
- Bosch Security Systems (Germany)
- CAME Parkare (Spain)
- Captec Ltd. (UK)
- ClearView Communications Limited (UK)
- COBAN Technologies, Inc. (USA)
- Digital Recognition Systems Ltd. (UK)
- DTK Software (Latvia)
- ELSAG North America LLC (USA)
- NDI Recognition Systems Ltd. (UK)
- JENOPTIK Traffic Solutions UK Ltd (UK)
- Petards Group plc (UK)
- PlateSmart Technologies, Inc. (USA)
- Q-Free ASA (Norway)
- Quercus Technologies (Spain)
- Siemens AG (Germany)
- TagMaster AB (Sweden)
- CA Traffic Limited (UK)
- Tattile Srl - (Italy)
- Vigilant Solutions, Inc. (USA)
- Zhejiang Dahua Technology Co., Ltd (China)
- Growing Adoption of Road Safety Cameras
- Sustained Demand from Law Enforcement Agencies Augurs Well for the Market
- Rising Incidents of Crime Drives Demand for ANPR in Mass Surveillance Systems
- Enforcement of Traffic Rules & Regulations Made Easy by ANPR
- ANPR as a Key Enabler of Electronic Toll Collection Systems
- Growing Number of ETC System Deployments - A Key Opportunity Indicator
- Key Statistical Findings
- Parking Control - An Emerging Revenue Spinner
- Parking Lot Management - An Additional Revenue Stream for ANPR System Vendors
- ANPR - A Key Technique for Measuring Journey Time
- Border Control - An Emerging Application Area
- Building Access Control - An Opportunity on the Anvil
- Opportunity Indicator:
- Mobile ANPR - Highly Preferred
- Technology Developments Continue to Boost Prospects for ANPR
- Technological Innovations Brings New Functionalities for ANPR Cameras
- Cloud based ANPR Solutions Set to Expand Application Base
- Enhanced Connectivity Expands ANPR Adoption to Hi-Tech Applications
- Issues & Challenges
- Open Source ANPR Systems - A Key Competitive Threat for Proprietary Systems
- Diversity in License Plates - A Key Market Barrier
- Concerns Relating to Breach of Privacy - A Dampener to the Market
III. MARKET ANALYSIS
- UNITED STATES
- CANADA
- JAPAN
- CHINA
- EUROPE
- FRANCE
- GERMANY
- ITALY
- UNITED KINGDOM
- REST OF EUROPE
- ASIA-PACIFIC
- REST OF WORLD
- Total Companies Profiled: 67
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- 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.
Note: Product cover images may vary from those shown
