ANPR market predicted to expand at 13.5 per cent CAGR

A new Transparency Market Research report indicates that the global automatic number plate recognition (ANPR) market is estimated at US$415.5 million in 2013, and is expanding at a CAGR of 13.5 per cent between 2014 and 2020 and is predicted to reach US$1,023.2 million by 2020. The report, Automatic Number Plate Recognition (ANPR) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020, claims the major factor fuelling the demand for ANPR systems worldwide is the increasin
August 17, 2015 Read time: 2 mins
A new 7801 Transparency Market Research report indicates that the global automatic number plate recognition (ANPR) market is estimated at US$415.5 million in 2013, and is expanding at a CAGR of 13.5 per cent between 2014 and 2020 and is predicted to reach US$1,023.2 million by 2020.

The report, Automatic Number Plate Recognition (ANPR) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020, claims the major factor fuelling the demand for ANPR systems worldwide is the increasing penetration of ANPR in security and surveillance and traffic enforcement applications all around the world.

Additionally, the demand for ANPR systems in the commercial sector is poised to increase due to its rising installation in vehicle parking. On the other hand, volatility in the design of number plates and interference in privacy are amongst the few factors impeding the growth of this market.

The report segments the market for ANPR systems by application, end users and geography. On the basis of applications, the global ANPR market is segmented into vehicle parking, security and surveillance, toll enforcement, and traffic management, which includes red light control, congestion charging, and speed enforcement. Among these, in 2013, the application segment of security and surveillance led the worldwide market for ANPR systems on the basis of revenue and represented more than 25 per cent of the market.
Detection, Monitoring & Machine Vision

For more information on companies in this article

Related Content

  • Israel’s public transport infrastructure ‘lags behind developed countries’
    March 20, 2015
    According to a new report soon to be published by the Bank of Israel, the level of infrastructure in Israel remains lower in some areas—particularly in the area of metropolitan public transit—than in most developed countries. This report, according to an advance copy released this week, examines the level of available infrastructure and investments associated with the sector, as well as how the country fares in these arenas in comparison to other nations. It claims the volume of investment in urban and inte
    Read More
  • Pioneering sensors collect weather data from moving vehicles
    January 20, 2012
    ITS International contributing editor David Crawford foresees the vehicle as 'sentinel being'
    Read More
  • TEXpress adds reversible managed lanes
    April 19, 2017
    Land availability restrictions and tidal traffic flows have led to the implementation of a novel managed lane configuration in Texas, as Colin Sowman finds out. Dealing with traffic congestion related to the ‘tidal flows’ caused by large numbers of commuters making their way into major business hubs in the morning and returning to the suburbs in the evening, has seen the widespread use of adaptive signal timing and even reversible lanes.
    Read More
  • SCATS study shows significant savings
    December 16, 2013
    Australian study quantifies the benefits of SCATS to the motorists, the environment and the economy. Opportunity weekday cost savings potential of some AUD16 million (US$15.2 million) has emerged from rigorous analysis of a one-day study of Australia’s Sydney Coordinated Adaptive Traffic System (SCATS) in operation. This represents 27% of the total cost of a real alternative semi-adaptive traffic control. The estimated indicative annual weekday-based value is AUD3,900 million (US$3,705 million) or 0.9% of t
    Read More

Highlighted Content