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

  • State Farm claims industry first for Drive Safe & Save programme
    April 18, 2012
    State Farm and Hughes Telematics are announcing a major joint effort to bring connected vehicle services and telematics savings programmes to drivers across North America. The new effort is called In-Drive and has been tailored specifically for State Farm policyholders by Hughes. The service debuts in Illinois in September with more states to be added in 2012.
    Read More
  • New range extenders for hybrid electric vehicles in 2015
    March 6, 2015
    According to the IDTechEx report Range Extenders for Electric Vehicles Land, Water & Air 2015-2025, over eight million hybrid cars will be made in 2025, with a range extender, the additional power source that distinguishes them from pure-electric. They will also be in buses, military vehicles and boats: a major new market overall. Today's range extenders consist of little more than off-the-shelf internal combustion engines. They are being replaced by second-generation range extenders - piston engines design
    Read More
  • Report: wireless technologies leave vehicles exposed to hackers
    February 11, 2015
    New standards are needed to plug security and privacy gaps in cars and trucks, according to a report by US Senator Edward J. Markey. The report, Tracking & Hacking: Security & Privacy Gaps Put American Drivers at Risk and first reported on by CBS News’ 60 Minutes, reveals how sixteen major automobile manufacturers responded to questions from Markey in 2014 about how vehicles may be vulnerable to hackers, and how driver information is collected and protected. The responses from the automobile manufacturer
    Read More
  • Artificial intelligence systems for autonomous driving on the rise, says IHS
    June 17, 2016
    According to the latest report from market research firm HIS, Automotive Electronics Roadmap Report, as the complexity and penetration of in-vehicle infotainment systems and advanced driver assistance systems (ADAS) increases, there is a growing need for hardware and software solutions that support artificial intelligence, which uses electronics and software to emulate the functions of the human brain. In fact, unit shipments of artificial intelligence (AI) systems used in infotainment and ADAS systems are
    Read More

Highlighted Content