ANPR System Global Market Report 2024

The anpr system market size has grown rapidly in recent years. It will grow from $2.55 billion in 2023 to $2.82 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth observed in the historical period can be attributed to the increasing demand for security and surveillance solutions, the adoption of traffic management technologies, efforts to enhance counterterrorism measures, reduced costs of hardware, and government initiatives and funding in support of ANPR systems.

The anpr system market size is expected to see strong growth in the next few years. It will grow to $4.04 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The anticipated growth in the forecast period can be attributed to the emergence of smart tolling systems, the development of privacy-compliant ANPR solutions, a focus on parking solutions in urban areas, increasing security concerns, and the application of ANPR in border control. Major trends expected in the forecast period include the integration of ANPR with smart cities initiatives, advancements in deep learning and artificial intelligence (AI), the use of ANPR in toll collection and parking management, the adoption of cloud-based ANPR solutions, and the implementation of vehicle access control systems.

The surge in road accidents is anticipated to significantly boost the ANPR (Automatic Number Plate Recognition) system market. Road accidents involve collisions on public roads among various road users, causing harm or damage. ANPR cameras offer automated access control, bolster security measures, prevent vehicle theft, and enhance traffic flow. Functioning as traffic monitoring tools, these cameras aid in reducing accidents and traffic congestion by reading license plates and issuing toll tickets. For example, in May 2023, the Insurance Institute for Highway Safety reported 42,939 fatalities in the US due to 39,508 collisions involving 61,332 vehicles, underscoring the catalyst effect of rising road accidents on the ANPR system market's growth.

The escalating issue of traffic congestion is poised to drive the expansion of the ANPR system market. Traffic congestion occurs when the volume of vehicles surpasses a road network's capacity, resulting in slower speeds, increased travel durations, and decreased transportation system efficiency. ANPR systems are integral to contemporary traffic management strategies, contributing significantly to congestion reduction, improved road safety, and enhanced overall transportation efficiency. For instance, as per gov.UK in July 2023, motor vehicle traffic on UK roads surged by 8.8% between 2021 and 2022, reaching 323.8 billion vehicle miles, signifying the driving force of mounting traffic congestion on the ANPR system market's growth trajectory.

Key players within the ANPR system market are embracing cutting-edge technologies such as shutter technology to fortify their market standing. Shutter technology regulates light exposure to lenses, capturing images on digital sensors or film. For example, in May 2023, Hanwha Vision, a South Korean video surveillance firm, introduced the TNO-7180RLP, a high-speed ANPR camera capable of identifying license plates on vehicles in two lanes traveling at speeds of up to 200 km/h. This camera integrates 3MP global shutter technology and a cloud-based solution, significantly enhancing license plate recognition precision. Moreover, it incorporates Hanwha's latest road AI solution, employing AI video analytics to determine observed cars' make, model, type, and color, marking a remarkable advancement in the ANPR camera industry.

Major players in the ANPR system market are actively innovating by introducing cloud-based Software as a Service (SaaS) products to bolster their market presence. Cloud-based SaaS allows remote program accessibility without local installation and maintenance. For instance, in October 2023, Adaptive Recognition Ltd., a Hungary-based ANPR technology expert, launched carmen cloud ANPR, a cloud-based innovation revolutionizing parking management. This real-time license plate recognition technology optimizes parking administration by enhancing data security, streamlining entry and exit processes, and providing an intuitive solution for parking system integrators. The carmen cloud ANPR aims to simplify parking management by enabling real-time license plate identification, optimizing entry and exit procedures, reducing wait times, and alleviating traffic congestion.

In September 2021, Safety21 S.p.A., an Italy-based provider of technological services focused on enhancing road safety standards and smart mobility, completed the acquisition of Kapsch TrafficCom S.r.l. The financial details of the transaction were not disclosed. This strategic move is part of Safety21's ongoing efforts to strengthen its national and international acquisition strategy. The objective is to incorporate essential elements into the range of services the group offers to public bodies in the smart mobility market. Kapsch TrafficCom S.r.l. is the Italy-based branch of Kapsch TrafficCom AG, an Australia-based provider of automatic number plate recognition (ANPR) software.

Major companies operating in the anpr system market report are Nedap N.V., Siemens AG, Panasonic Holdings Corporation, Leonardo S.p.A, Hangzhou Hikvision Digital Technology Co. Ltd., Vigilant Solutions LLC, Dahua Technology USA, Conduent Incorporated, Plate Recognizer, Axis communications AB, Jenoptik AG, Avigilon Corporation, Kapsch TrafficCom AG, Bosch Security Systems Inc., Perceptics LLC, Aimetis Corp., Genetec Inc., PIPS Technology Inc., Q-Free ASA, ACTi Corporation, Tagmaster AB, Pumatronix Equipamentos Eletronicos Ltda., Alnet Systems Inc., ELSAG North America LLC, ARTECO S.u.r.l., Digital Recognition Systems Ltd., Adaptive Recognition Inc., NDI Recognition Systems LLC.

Europe was the largest region in the ANPR system market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anpr system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the anpr system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of ANPR systems include fixed ANPR systems, mobile ANPR systems, and portable ANPR systems. Fixed ANPR systems involve the installation of ANPR technology in a stationary location, such as at the entrance or exit of a parking lot, a toll booth, or a specific point on a road. Various components, such as ANPR cameras, ANPR software, frame grabbers, triggers, and others, are employed in these systems. They find applications in traffic management, law enforcement, electronic toll collection, parking management, and access control, catering to diverse end-users, including government, commercial entities, and institutions.

The ANPR systems market research report is one of a series of new reports that provides ANPR systems market statistics, including ANPR systems industry global market size, regional shares, competitors with a ANPR systems market share, detailed ANPR systems market segments, market trends and opportunities, and any further data you may need to thrive in the ANPR systems industry. This ANPR systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

ANPR system market consists of sales of charge-coupled device (CCD), infrared or color cameras, and radars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.