Global ANPR market 2010-2014

Research and Markets has announced the addition of the "Global Automatic Number Plate Recognition Market 2010-2014" report to its offering. TechNavio's analysts forecast that the global ANPR market is expected to grow at a CAGR of 30 per cent and will reach US$579.8 million in 2014.
May 21, 2012 Read time: 1 min
RSS7527 Research and Markets has announced the addition of the "Global Automatic Number Plate Recognition Market 2010-2014" report to its offering. TechNavio's analysts forecast that the global ANPR market is expected to grow at a CAGR of 30 per cent and will reach US$579.8 million in 2014.

The report, which focuses on Americas, EMEA and APAC indicates, that the market is currently driven by the need for national surveillance of vehicles, among other factors. For instance, one of the key factors contributing to this market growth is the increase in need for better traffic management. The ANPR market has also been witnessing increase in functionality of automatic number plate recognition systems. However the increase in different number plate formats could be a challenge to the growth of this market, the report suggests.

The report is based on research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis.
Detection, Monitoring & Machine Vision

For more information on companies in this article

Related Content

  • Vehicle surveillance market accelerates
    March 29, 2016
    A recently-released report from MarketsandMarkets indicates that the global vehicle surveillance market is expected to grow from US$49.93 billion in 2015 to US$103.21 billion by 2022, at a CAGR of 11.1 per cent between 2016 and 2022. Factors such as regulations in different countries for compulsory driver assistance or passenger safety products, the wide range of advantages of in-vehicle surveillance systems, increasing sales of premium cars and the increase in traffic fatalities demand greater traffic c
    Read More
  • ITS World Congress examines challenges of autonomous vehicles?
    December 11, 2015
    The 2015 ITS World Congress opening ceremony saw PSA Peugeot Citroën executives arrive in an autonomous vehicle, so the International Benefits, Evaluation and Costs (IBEC) Working Group’s dedicated session proved very timely.
    Read More
  • Transportation safety and security markets worth US$62.96 billion by 2018
    December 2, 2013
    The latest report from MarketsandMarkets forecasts the global transportation safety and transportation security market to grow from US$37.80 billion in 2013 to US$62.96 billion in 2018, at a Compound Annual Growth Rate (CAGR) of 10.7 per cent from 2013 to 2018. North America (NA) is expected to be the biggest contributor in terms of revenue contribution, while the growing markets Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA), are expected to experience increased market traction
    Read More
  • Report: International freight transport to quadruple by 2050
    February 23, 2015
    International Transport Forum’s (ITF) Transport Outlook 2015, presented in January 2015 at the OECD headquarters in Paris, France, examines the development of global transport volumes and related CO2 emissions and health impacts through to 2050. It examines factors that can affect supply and demand for transport services and focuses on scenarios illustrating potential upper and lower pathways, discussing their relevance to policy making. It presents an overview of long-run scenarios for the development of g
    Read More

Highlighted Content