Automatic number-plate recognition (ANPR; see also other names below) is a technology that uses optical character recognition on images to read vehicle registration plates to create vehicle location data. It can use existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. ANPR is used by police forces around the world for law enforcement purposes, including to check if a vehicle is registered or licensed. It is also used for electronic toll collection on pay-per-use roads and as a method of cataloguing the movements of traffic, for example by highways agencies.
Of the major players of the Automatic License Plate Recognition (ALPR) market, Neology maintained its first place in the ranking in 2017. Neology accounted for 6.95% of the Global Automatic License Plate Recognition (ALPR) market share in 2017. Other players accounted for 6.26%, 5.70% including Siemens and Elsag.
According to this study, over the next five years the Automatic License Plate Recognition (ALPR) market will register a 12.0% CAGR in terms of revenue, the global market size will reach US$ 1270 million by 2024, from US$ 640 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automatic License Plate Recognition (ALPR) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Automatic License Plate Recognition (ALPR) market by product type, application, key manufacturers and key regions and countries.
This study considers the Automatic License Plate Recognition (ALPR) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Cameras
Hardware
Software& Services
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Traffic Management& Law Enforcement
Electronic Toll Collection
Car Park Management
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Neology
Siemens
Elsag
Kapsch TrafficCom
ARH
Genetec
Bosch Security Systems
NDI Recognition Systems
Tattile
Arvoo Imaging Products
Shenzhen AnShiBao
Petards Group
Digital Recognition Systems
CA Traffic
Clearview Communications
GeoVision
NEXCOM
HTS
TagMaster
ParkingEye Limited
AlertSystems
MAV Systems
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automatic License Plate Recognition (ALPR) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automatic License Plate Recognition (ALPR) market by identifying its various subsegments.
Focuses on the key global Automatic License Plate Recognition (ALPR) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automatic License Plate Recognition (ALPR) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automatic License Plate Recognition (ALPR) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Automatic License Plate Recognition (ALPR) . Industry analysis & Market Report on Automatic License Plate Recognition (ALPR) is a syndicated market report, published as Global Automatic License Plate Recognition (ALPR) Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Automatic License Plate Recognition (ALPR) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.