Overview Of Automatic Number Plate Recognition Market
Automatic number-plate recognition 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. The New Automatic Number Plate Recognition Market Research Analysis provides a detailed overview, Shares, Strategy, and Forecasts of the Automatic Number Plate Recognition market and delivers a comprehensive individual analysis on the top companies, including 3M Company, Siemens AG, Intelligent Traffic Solutions Ltd., Genetec Inc., Vigilant Solutions Inc., Bosch Security Systems, CA Traffic Limited, ELSAG North America, COBAN Technologies, NDI Recognition Systems
The Automatic Number Plate Recognition market is anticipated to grow at a CAGR of about XX% over the forecast period, i.e., 2021-2028. The market is expected to reach USD XX million by the end of 2028.
The report provides valuable data on global Automatic Number Plate Recognition industry. Present and historical as well as future trends of global and countries markets are considered. Also Report complete study of current trends in the Automatic Number Plate Recognition market, industry growth drivers, and restraints. It provides Automatic Number Plate Recognition market projections for the coming years. It includes analysis of recent developments in technology, Porter\'s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Key Companies
3M Company
Siemens AG
Intelligent Traffic Solutions Ltd.
Genetec Inc.
Vigilant Solutions Inc.
Bosch Security Systems
CA Traffic Limited
ELSAG North America
COBAN Technologies
NDI Recognition Systems
Market Product Type Segmentation
Security & Surveillance
Vehicle Parking
Traffic Management
Toll Enforcement
Market by Application Segmentation
Government
Commercial
By Region
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the size of occupied by the prominent leaders for the forecast period, 2021 to 2028?
• What will be the share and the growth rate of the Automatic Number Plate Recognition market during the forecast period?
• What are the future prospects for the Automatic Number Plate Recognition industry in the coming years?
• Which trends are likely to contribute to the development rate of the industry during the forecast period, 2021 to 2028?
• What are the future prospects of the Automatic Number Plate Recognition industry for the forecast period, 2021 to 2028?
• Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
• What are the major factors responsible for the growth of the market across the different regions?
• What are the challenges faced by the companies operating in the Automatic Number Plate Recognition market?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.