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

  • ANPR - cost-efficient traffic management, enforcement and more
    January 23, 2012
    Geoff Collins of Vysionics Intelligent Traffic Solutions talks about the near-term prospects of ANPR. The continued absence of a champion for its cause is preventing digital enforcement technology from delivering the true levels of cost-effectiveness of which it is capable, according to Geoff Collins, sales and marketing director of ANPR specialist Vysionics Intelligent Traffic Solutions.
    Read More
  • Almost ten per cent growth predicted for road safety market by 2021
    November 3, 2016
    According to a new market research report "Road Safety Market by Solution (Red Light Enforcement, Speed Enforcement, Incident Detection System, Bus Lane Compliance, and Automatic License Plate Recognition), Service (Consulting & System Integration and Risk Assessment) - Global Forecast to 2021", published by MarketsandMarkets, the road safety market is estimated to grow from US$2.60 billion in 2016 to US$4.06 billion by 2021, at a compound annual growth rate (CAGR) of 9.3% during the forecast period. The
    Read More
  • Global ADAS market forecast to reach US$261 billion by 2020
    April 19, 2013
    Analysts at ABI Research forecast that the global market for ADAS systems will increase to more than US$261 billion by the end of 2020, representing a CAGR of 41%. “ADAS systems are increasingly being offered by mass-market OEMs such as Ford and Volkswagen,” said Gareth Owen, research analyst at ABI Research. “Whilst the majority are offered in bundles and sold as optional “driver-assist” packages, a growing number of OEMs are starting to fit some ADAS systems as standard equipment.” A key catalyst driving
    Read More
  • $4 per gallon gas won’t alter driving behaviour, claims national study
    May 15, 2012
    As America braces for $4 average price for gasoline and the potential fallout from breaching this psychological barrier, a new study has just been released by the Mobility Collaborative that predicts $4 per gallon is not enough to significantly reduce the number of people choosing to drive alone as single occupant vehicle travellers (SOV).
    Read More

Highlighted Content