ANPR systems market ‘worth US$1.05 billion by 2020’

MarketsandMarkets latest report, Automatic Number Plate Recognition System Market by Type (Mobile, Fixed, Portable), Application (Traffic Management, Law Enforcement, Toll Collection, Parking Areas), & Geography - Analysis & Forecast to 2020 claims that the automatic number plate recognition (ANPR) market is estimated to reach US$1.05 billion by 2020, at a CAGR of 13.25 per cent. The market growth is attributed to the adoption of ANPR systems for traffic management and law enforcement applications around
December 4, 2015 Read time: 2 mins
6418 MarketsandMarkets latest report, Automatic Number Plate Recognition System Market by Type (Mobile, Fixed, Portable), Application (Traffic Management, Law Enforcement, Toll Collection, Parking Areas), & Geography - Analysis & Forecast to 2020 claims that the automatic number plate recognition (ANPR) market is estimated to reach US$1.05 billion by 2020, at a CAGR of 13.25 per cent.

The market growth is attributed to the adoption of ANPR systems for traffic management and law enforcement applications around the globe. Also the ANPR systems market will see demand from commercial applications such as toll collections and dedicated parking in the forecasted period.

Fixed ANPR systems held the major share of the market in 2014. This market is expected to grow at a CAGR of 13.54 per cent between 2015 and 2020. This growth is attributed to increasing demand from applications such as traffic management, toll collection, and parking areas.

The market for toll collection is estimated to grow at the highest CAGR of 17.46 per cent between 2015 and 2020. The rapid increase in the adoption of vehicles and increasing government regulations for implementation of the electronic toll collection system market is expected to drive the growth of this market.

The ANPR systems market in APAC is expected to grow rapidly as a solution to various issues such as traffic congestion, police enforcement, toll collection and parking which have occurred due to the rise in the urban population. In APAC, countries such as Japan and China have installed ANPR systems in various application areas such as toll collection, parking, and traffic management. The ANPR systems market in APAC is expected to grow at the highest CAGR of 18.06 per cent during the forecast period.

Detection, Monitoring & Machine Vision

For more information on companies in this article

Related Content

  • Intelligent mobility leverages user-focused smartphone business model
    November 13, 2015
    New analysis by Frost & Sullivan claims the mobility network will draw inspiration from the user-interface oriented and service-driven, smartphone business model, to render car ownership an option for consumers. The subscription and user model of accessing vehicles will coexist alongside the traditional sales and ownership model, thereby enabling mobility-on-demand solutions for every commuting need. Even though the analysis, The Future of Intelligent Mobility and its Impact on Transportation, expects a
    Read More
  • Adaptive control reduces travel time, cuts congestion
    January 20, 2012
    Situated in San Diego County, California, the growing city of San Marcos has seen its population increase by 53.5 per cent since the turn of the century. Although this dramatic population increase has spurred economic growth bringing new business, homes and opportunities to the city, it has also increased traffic congestion along its central corridor, San Marcos Boulevard. This became the most congested arterial in the city, and, by 2006, the second-most travelled corridor in San Diego County.
    Read More
  • Positive incentives an alternative to road user charging?
    February 1, 2012
    The Netherlands has been looking at incentivising rush-hour avoidance. The intention is to better understand road users' motivations and find alternatives to congestion charging. Something significant needs to happen if we are to adequately address the traffic congestion and other issues caused by the ever-rising numbers of vehicles on our roads. Congestion or distance-based charging is seen as one way of managing demand and raising revenue for improvements to transport infrastructure. However, charging is
    Read More
  • Sharjah Police record 500 per cent increase in heavy vehicle traffic violations
    October 18, 2016
    The Traffic and Patrol Department of Sharjah Police has successfully increased road safety since the beginning of last year by utilising technologies new to the United Arab Emirates, designed to manage truck and heavy vehicle movements in the emirate - the highlight of their recent submission in to the Gulf Traffic Awards taking place at the Dubai World Trade Centre on 13-15 November. Issues with heavy vehicles passing through the city without permits and other restricted zones have been a recurring pro
    Read More

Highlighted Content