Global ANPR Systems Market - 2023-2030

Global ANPR Systems Market - 2023-2030

Market Overview

The global ANPR systems market reached US$ XX million in 2022 and is projected to record significant growth by reaching up to US$ XX million by 2030, growing at a CAGR of XX% during the forecast period (2023-2030).

Automatic Number Plate Recognition is referred to as ANPR. Scanners or cameras collect the data, which is cross-referenced for various traffic and law enforcement purposes. ANPR is a technology that reads a vehicle's registration number from images of its license plate using optical character recognition (OCR). An automatic number plate recognition system applies different image processing techniques to quickly and automatically identify vehicles in video or photo footage from cameras. The ANPR systems market is segmented into three categories: type (Fixed ANPR Systems, Mobile ANPR Systems and Portable ANPR Systems), component (ANPR Cameras, ANPR Software and Frame Grabbers and others) and end-user (Government, Commercial and Institutions).

Market Dynamics

The techniques are constantly evolving to improve automatic number plate recognition software's performance, accuracy, cost-efficiency, scalability and robustness. ANPR is one of the most precise and widely used computer vision systems and numerous benefits of ANPR serve as the basis for practical applications. Automation of manual tasks, highly effective space management, improved governance and customer experience are ANPR's main advantages. Automation in recognition, analytics, identification, accuracy, scalability, security and cost-effectiveness (does not depends on human input) are the features that allow us to analyze plates so rapidly that the demand for ANPR systems will grow more and more shortly. Hence, the factors mentioned above are the key driving factors driving the ANPR systems market growth.

The market is expanding as ANPR systems are becoming more widely used for traffic enforcement, security and surveillance purposes. For the uses above, developing nations like U.S. and UK actively utilize fixed and mobile ANPR systems. As key manufacturers are already working on the development of ANPR systems and integration of these systems with IoT and AI might present a lucrative growth prospect in the global ANPR systems market.

The market of ANPR systems is growing rapidly as several techniques are already available for various purposes, such as real-time object detection, optical character recognition (OCR), image processing and template matching. However, the inconsistency in the size and font of number plates will limit the growth of the global ANPR systems market.

Demand for ANPR Systems in smart parking is increasing, which supports the expansion of the global ANPR systems market.

Automatic number plate systems enable fast traffic control in parking lots, the automation of access control systems with a ticket-free system and new, effective law enforcement methods. ANPR cameras are mounted higher to ensure a wider field of view of the entire parking lot, allowing for capturing the vehicle's license plate number as it enters or exits the building. ANPR cameras are integrated with vehicle parking management systems, which record the authorized vehicle's entry and exit timing information and the parking spot and owner's information. The information about the vehicle and the person responsible who damaged the parked car in the parking lot can be found in the system records if any car in the parking is damaged by another car. Their adoption is expanding for smart parking to address these issues, fueling the market for ANPR Systems. Additionally, retail park security, tollbooth records, intelligent traffic management, journey time analysis and smart parking management are among the applications in which ANPR can be utilized extensively.

COVID-19 Impact Analysis

The COVID-19 pandemic has caused an economic and health crisis, leading to companies closure of many manufacturing facilities globally. During the crisis, the players operating in the ANPR systems market aimed to maintain their operations by identifying risk-free ways to carry on with manufacturing activities or other viable sources of income. Due to disruptions in the global supply chain, traffic management, parking management application and electronic toll collection demand declined during this time.

However, the demand for ANPR systems has significantly increased globally since the pandemic. The demand for ANPR systems has increased significantly due to issues with traffic monitoring, growing urbanization and road safety and is almost back to pre-COVID-19 levels. As a result, the market for ANPR systems is steadily rising.

Segment Analysis

The global ANPR systems market is classified based on type, component, end-user and region.

Fixed ANPR type segment account for the largest market share of the ANPR systems market during the forecast period

Based on the type segment, the global ANPR systems market is dominated by fixed ANPR systems, which hold the most market shares. A key factor fueling market expansion is the growing use of fixed ANPR systems for traffic management solutions. The market for fixed ANPR systems is being boosted by the initiatives governments in various economies worldwide are taking to modernize the road network. These initiatives have increased demand for automated tolling and better vehicle monitoring systems. Due to their ability to capture images in high-speed and high-density traffic environments, fixed ANPR systems are effectively used in areas with heavy traffic and congestion. The demand for fixed ANPR systems in airports, shopping malls, parking lots, etc., is also driven by the rising demand for automated parking management solutions.

Geographical Analysis

The global ANPR systems market is classified based on type, component, end-user and region.

Growing infrastructure development in emerging economies to boost the growth of the global ANPR systems market over the forecasted period

The rapid expansion of the public infrastructure and highways is anticipated to drive the demand for ANPR systems in APAC over the forecast period. Due to this factor, Asia-Pacific will grow with the highest CAGR during the forecast period. However, UK, Germany, France, Italy and other European nations currently contribute significantly to expanding the European automatic number plate recognition (ANPR) market. The German automatic number plate recognition (ANPR) market is driven by the growing emphasis on tracking systems within the transportation industry.

Competitive Landscape

To gain a significant market share in the global ANPR systems market, manufacturers of automatic number plate recognition systems are concentrating on offering competitive pricing. Additionally, the manufacturers' primary focus areas include technological advancements for new techniques for ANPR and strategic mergers and acquisitions. Key major players operating in the ANPR systems market are Siemens, Kapsch TrafficCom, Conduent, Inc., HikVision, Q-Free ASA, Genetec, Inc., Adaptive Recognition, Jenoptik Group, Axis Communications and Nedap.

Kapsch TrafficCom

Overview: The company was founded in 1892 and headquartered in Vienna, Austria. Kapsch TrafficCom provides innovative traffic and transportation solutions. The company develops systems for sustainable mobility in tolling, traffic management, smart urban mobility, road safety and connected vehicles. The company has accomplished its projects across more than 50 countries. The company has subsidiaries and offices in over 25 countries employing 4,220 persons globally. Kapsch TrafficCom operates in all five regions, including North America, South America, Europe, MEA and Asia-Pacific. The company offers solutions for tolling, traffic management, traffic demand management, tolling services and reference projects. The company has expertise in applications such as cities, highways, tunnels and bridges.

Product Portfolio
• DSRC: The company uses a combination of technologies. The frequency ranges are 915 MHz, CEN 5.8 GHz, WAVE/G5 5.9 GHz and ISO 18000-63. The cost-performance ratio is also enhanced by incorporating AI (deep learning) and data analytics in the company’s solutions. Two technologies, DSRC and ANPR, can be used to automatically record the toll without requiring cars to stop: By using the DSRC radio standard (915 MHz, CEN 5.8 GHz, WAVE/G5 5.9 GHz, ISO 18000-63), the OBUs or transponders in the vehicles can communicate with transceivers. When ANPR is employed, the license plate of the moving vehicle is remotely read using camera technology. After that, the system determines whether the car needs to pay the toll and, if so, how much.

Key Development: In January 2022, the New Hampshire Department of Transportation (NHDOT) chose Kapsch TrafficCom to convert three more NHDOT toll zones into free-flow all-electronic tolling (AET), which would support the mixed-mode payment.

Why Purchase the Report?
• To visualize the global ANPR systems market segmentation based on type, component, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global ANPR systems market by analyzing trends and co-development.
• Excel data sheet with numerous data points of ANPR systems market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players.

The global ANPR systems market report would provide approximately 61 tables, 57 figures and 235 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies