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

  • New technology revolution in urban traffic control?
    January 26, 2012
    Urban traffic control is a well-defined and practised art. Nevertheless, there are technologies here and on the horizon with the potential to revolutionise how we do things. By Gavin Jackman and Andrew Kirkham, TRL, and Jason Barnes. Distributed monitoring and control of urban traffic networks and flows is nothing new. PC-based Urban Traffic Control (UTC) is now well established and operating in many locations around the world. However, it is worth considering the effects of the huge growth in the use of sm
    Read More
  • Would Americans support increased taxes to improve highways, streets, and transit?
    June 22, 2012
    The Mineta National Transit Research Consortium has released a peer-reviewed research report, What Do Americans Think about Federal Tax Options to Support Public Transit, Highways, and Local Streets and Roads? Results from Year 3 of a National Survey. that summarises the results of a national random-digit-dial public opinion poll that asked 1,519 respondents if they would support various tax options for raising federal transportation revenues. Special focus was placed on understanding what would motivate pe
    Read More
  • Legislation will drive market for telematics systems in Europe, Russia
    December 5, 2012
    According to a new report from Frost and Sullivan, the European automotive navigation market will witness a shift towards integration and a continual trend towards low-cost connected navigation, which will become a commodity. With Smartphone replication technologies, Smartphone-based navigation inside cars will dominate the market, serving all car segments. The eCall in Europe and ERA-GLONASS in Russia, which mandate automated emergency response systems in vehicles, will lead to Europe becoming one of the b
    Read More
  • Alstom consortiums awarded contracts for Cairo metro line 3
    March 10, 2015
    Alstom has signed two contracts with Egypt’s National Authority for Tunnels (NAT) to supply the signalling system in a consortium with Thales and, in partnership with Colas Rail, Orascom and ARABCO, the infrastructure of the phase 4A of Cairo metro line 3, currently under construction. Alstom’s shares in these contracts are worth around US$96 million. Cairo’s metro currently carries three million passengers per day and this is expected to reach five million by 2020. Its network includes two fully operationa
    Read More

Highlighted Content