Traffic enforcement driving ANPR growth: report

According to a new market report published by Transparency Market Research, Automatic Number Plate Recognition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020, the automatic number plate recognition market globally is forecast to reach US$1,023.2 million by 2020. The key factors driving the growth of this market include increased adoption in traffic enforcement and surveillance applications and increasing trend of automatic number plate recognition (ANPR) integrati
February 10, 2015 Read time: 3 mins

According to a new market report published by 7801 Transparency Market Research, Automatic Number Plate Recognition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020, the automatic number plate recognition market globally is forecast to reach US$1,023.2 million by 2020.

The key factors driving the growth of this market include increased adoption in traffic enforcement and surveillance applications and increasing trend of automatic number plate recognition (ANPR) integration with other systems such as CCTV cameras. However, factors such as non-uniformity in the design of number plates are restraining the market growth. In the coming years, the demand for ANPR from vehicle parking management application is expected to increase, offering potential market growth opportunities.

The global automatic number plate recognition (ANPR) market was valued at US$415.5 million in 2013 and is forecast to grow at a CAGR of 13.5 per cent during the period from 2014 to 2020. Automatic number plate recognition system is used for large number of applications and several other new applications such as consumer purchase behaviour analysis are expected to evolve in the coming years. Some important applications where ANPR systems are deployed include security and surveillance, traffic management, toll enforcement and vehicle parking. Further, in traffic management applications, ANPR is used in red light control, congestion charging and speed enforcement applications. Vehicle parking application for ANPR is the most promising segment and increasing adoption in parking management and parking toll collection is expected to further spur the demand for ANPR systems from this segment.

The global ANPR market, by end-users, is segmented into government and commercial end-users. Among these end-use segments, government sector dominated the global ANPR market in 2013 with the share of around 77 per cent. The government sector for ANPR is further classified into homeland security, traffic department and defence while the commercial end-use sector comprises entertainment and recreation and dedicated car parks.

Among the regional markets, Europe represented the largest geographical market for automatic number plate recognition systems in 2013 and is expected to maintain its dominance throughout the forecast period owing to the high ANPR penetration in different applications across European countries. Europe and North America collectively accounted for more than half of the revenue share in 2013.

The global automatic number plate recognition (ANPR) market is highly fragmented. Key players in the market are taking measures to capitalise on the opportunities in niche and emerging markets. Some of the key players in the global ANPR market include 7677 ARH, 527 Digital Recognition Systems, 2207 ELSAG North America, 820 NDI Recognition Systems, 108 Q-Free ASA, Vigilant Solutions Inc., 189 Siemens, 37 PIPS Technology, 545 Genetec, 517 Bosch Security Systems, 521 CA Traffic, COBAN Technologies, 4347 Quercus Technologies, 592 Tattile and 604 Vysionics.

Detection, Monitoring & Machine Vision

Related Content

  • ITS market expected to reach $33.75 billion by 2020
    May 15, 2015
    According to a new market research report by MarketsandMarkets, Intelligent Transportation Systems - Analysis and Forecast to 2014 – 2020, the intelligent transport systems (ITS) market is expected to grow at a CAGR of 11.30 per cent from 2014 to 2020 and reach US$33.75 billion in 2020. The report describes the market trends, drivers and challenges of ITS market and forecasts the ITS market from 2013 to 2020, based on the various systems of ITS, applications, and geography. This report covers geographies
    Read More
  • Peer-to-Peer carsharing in Europe projected to grow significantly
    August 24, 2012
    According to Frost & Sullivan, by 2020 more than 200 traditional carsharing organisations (CSOs) and another 24 Peer-to-Peer (P2P) CSOs are expected to take the European market for carsharing to new heights. More than 14 million new members are expected to use carsharing services in Europe by the same year, while three new sub-segments will emerge in the market: electric vehicle carsharing, corporate carsharing and one-way carsharing. While the new segments arise in particular due to continued urbanisation
    Read More
  • Smart highways market ‘worth US$27,992 million by 2019’
    October 9, 2014
    A new research report by MarketsandMarkets, "Smart Highway Market by Technology (Intelligent Transportation Management, Intelligent Traffic Management, Communication, Monitoring), and by Display (Variable Message Signs, Digital Signage) - Global Forecast to 2019", estimates that the global Smart Highways Market is US$12,564.4 million in 2014 and is expected to grow to US$27,992 million in 2019. This represents an estimated compound annual growth rate (CAGR) of 17.4 per cent from 2014 to 2019. In the cur
    Read More
  • Smart transportation market forecasts
    April 25, 2014
    Research and Markets’ latest report, Smart Transportation Market - Global Advances, Forecasts and Analysis (2014 - 2019), indicates that the global smart transportation market is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.3 per cent from 2014 to 2019. Congestion, hyper-urbanisation and globalisation, need of sustainable solutions and emergence of cloud based services are the major drivers for this market.
    Read More

Highlighted Content