Market Research Expert

Automatic Number Plate Recognition (ANPR) Market to have Good Business Opportunities in the Coming Years

Press Release   •   Jan 16, 2018 07:14 EST

Automatic number plate recognition (ANPR) is a type of surveillance method which uses optical character recognition technology to read the license plates on vehicles. ANPR systems comprises of hardware such as camera, frame gabber and other related equipment as well as software modules. ANPR systems can be used with existing closed-circuit television or road-rule enforcement cameras. The automatic number plate recognition systems identify the number plate on the vehicle, recognize the characters, convert them into digital data and store the license plate number in a database.

The global automatic number plate recognition (ANPR) market is segmented by application, end user, component and region. By application, ANPR market is segmented into security & surveillance, vehicle parking, traffic management, toll enforcement and others. Based on end-user, the market is categorized into government and commercial. Among these segments, government is further segmented into homeland security, traffic department, defense and others.

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Whereas, commercial segment is bifurcated into dedicated car parks, entertainment & recreation facilities and others. Holding over 70% of the global automatic number plate recognition market, the government sector emerged dominant in 2016. On the basis of component, the market is segmented into hardware and software. Of these, the hardware segment emerged dominant in 2016 with a share of 60% in the global market.

By region, ANPR market is segmented into North America, Europe, Asia Pacific, South America and Middle East & Africa. Among these regions, Europe held the leading share of 35% in the global market in 2016. The rising adoption of ANPR hardware and software components in traffic management, toll enforcement, and security and surveillance segments is expected to create lucrative prospects for the automatic number plate recognition market in Europe. Besides this, the regional market will benefit from the rising demand for superior security involving minute scanning of vehicles.

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Other than Europe, North America will keep offering steady prospects for growth to the global automatic number plate recognition market. The region witnesses a high demand for technologically advanced security systems, which has created an environment supporting the market’s expansion in North America.

In addition, the market will benefit from the growing demand for effective toll collection. If achieved, this will help saving time spent on long queues and eliminate expenses incurred on the same. Given the scenario, more number of ANPR cameras and frame grabbers are likely to be installed in retailing and parcel posts across the region, in turn boosting the global automatic number plate recognition market.

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Some of the key players in the global automatic number plate recognition market place include ARH, Inc., Bosch Security Systems, Inc., Digital Recognition Systems, Ltd., ELSAG North America LLC, Genetec, Inc., NDI Recognition Systems LLC, Q-Free ASA, Siemens AG, Vaxtor Technologies, Vigilant Solutions, and Viion Systems Inc. The key strategy used by these players to sustain in the ANPR market is to develop ANPR solutions with better reading capabilities and integrated ANPR systems. The market is highly fragmented and thus, the competition within a particular market segment such as ANPR engine manufacturing, ANPR component manufacturers and system integrators is high. In the coming few years, manufacturers are expected to expand their operations in emerging economies such as China, Philippines, Malaysia and India as the ANPR adoption in these countries is expected to swell over the forecast period.

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