Automatic Number Plate Recognition (ANPR) system is a unique technology which uses optical character recognition to read the vehicles’ number plate. This technology uses closed-circuit cameras that enable efficient completion of the task. Around the world, law enforcing agencies have made it mandatory to use ANPR system to regulate the traffic in cities and on highways in order to minimize accidents and improve road safety. It is also used on toll collection booths to monitor the traffic movements. Overall, to enhance road safety measures the ANPR system market is gaining momentum. This report studies the current and future aspects of the ANPR market.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the automatic number plate recognition (ANPR) system market. The scope of this report covers the automatic number plate recognition (ANPR) system market by its major segments, which include the types, applications, and the major geographic regions.
KEY BENEFITS OF THE REPORT
KEY PREMIUM INDUSTRY INSIGHTS
The global ANPR market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Europe region holds the highest market share and is the largest revenue contributor for the ANPR system market. The region is dominant during the forecasted period because of rise in public roadway infrastructure and highways. Next in line is the Asia Pacific region which is witnessing a fast pace growth due to rise in number of road accidents and government emphasis on security and surveillance.
The research methodology for Scalar Market Research’s automatic number plate recognition (ANPR) system market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
To know about the assumptions considered for the study, Download PDF Sample.
This report analyzes the automatic number plate recognition (ANPR) system market by the following segments:
KEY MARKET PLAYERS
Key players in the automatic number plate recognition (ANPR) system market include:
GEOGRAPHIC COVERAGE AND ANALYSIS
This granular market research report covers the following geographic regions in great detail:
TRENDING RELATED REPORT
Smart Thermostat Market, by Component (Motion Sensor, Temperature Sensor, Humidity Sensor, Display), Network Technology (Wired Networking, Wireless Network), Application (Office Building, Residential, Industrial Building, Hospitality, Healthcare, Educational Building, Retail) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
USA - CANADA TOLL FREE
Benefits of Buying From Scalar
Our industry experts hold inimitable know-how across wide range of industry verticals
We deliver high-quality, real-time and data-driven industry insights to our clients
We offer pre-purchase and post-purchase support from our industry experts
All your personal information and confidential details are safe and secure with us