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

  • Machine vision makes progress in traffic applications
    June 2, 2014
    Machine Vision technology is easing the burden on hard-pressed control room staff and overloaded communications networks.
    Read More
  • ITS market 2012 – 2017
    August 21, 2012
    According to a new market research report ‘Intelligent Transport Systems (ITS) Market - Trends, Adoption & Worldwide Forecasts (2012 – 2017)’ published by MarketsandMarkets, the total market is expected to reach US$24.75 billion by 2017, at a CAGR of 12 per cent from 2012 to 2017. . North America is the market leader in the overall ITS market; followed by Europe and APAC. In the rest of the world (ROW), the Middle East, and Africa are the largest contributors.
    Read More
  • TRW announces next-gen pedestrian protection system
    July 31, 2012
    TRW is announcing its next generation pedestrian protection system (PPS) - a robust and reliable system using a combination of acceleration and pressure sensing technologies to detect a pedestrian impact. "While the auto industry continues its focus on reducing injuries in single and multiple vehicle crashes and reductions in deaths and injuries have been realised in developed markets, pedestrian fatalities continue to increase globally," said Peter Lake, executive vice president of sales and business devel
    Read More
  • Driver monitoring systems ‘will use inward-looking camera-based technology’
    November 9, 2015
    New analysis from Frost & Sullivan, Original Equipment Manufacturer (OEM) Strategies for Driver Monitoring Systems in Europe, indicates that, as the loss of driver attention due to fatigue or drowsiness is a common cause of road accidents worldwide, there is a clear need for driver monitoring systems (DMSs) globally. DMSs can analyse driver behaviour or detect patterns tending towards micro-sleep to issue appropriate warnings and help revive the driver’s focus. Several original equipment manufacturers (O
    Read More

Highlighted Content