Automatic Number Plate Recognition []]ANPR] System Market is expected to grow at a CAGR of 6.81%
Global
Automatic Number Plate Recognition [ANPR] System Market is expected to grow owing
to ongoing technological advancements in image processing, artificial
intelligence (AI), and machine learning (ML) throughout the forecast period
According
to TechSci Research report, “Automatic
Number Plate Recognition [ANPR] System Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast 2019-2029”, the Global Automatic
Number Plate Recognition [ANPR] System Market is expected to
register robust growth during the forecast period. The
growing challenges of traffic congestion and the effects of urbanization are
key drivers for ANPR systems in the context of traffic management. ANPR
technology helps optimize traffic flow, monitor traffic violations, and enhance
overall road safety. In urban areas experiencing rapid growth, ANPR systems
contribute to intelligent transportation systems, providing real-time data on
traffic conditions, optimizing traffic signal timings, and supporting smart
city initiatives. The demand for solutions that address urban traffic
challenges propels the adoption of ANPR systems.
The
global push towards smart city development presents a substantial opportunity
for ANPR systems. These systems play a pivotal role in creating intelligent
transportation networks, enhancing public safety, and optimizing traffic
management within smart cities. As cities around the world invest in
infrastructure that integrates technology for improved efficiency, ANPR systems
offer solutions for real-time monitoring, traffic flow optimization, and
enhanced security, aligning perfectly with the goals of smart city initiatives.
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Automatic Number Plate Recognition [ANPR] System Market"
Based
on component, the
Hardware segment is expected to dominate the market during the forecast period.
The demand for ANPR cameras with high-resolution imaging capabilities is on the
rise. Higher resolution allows for clearer and more detailed images,
contributing to improved accuracy in license plate recognition. Integration of
infrared sensors and low-light technologies addresses challenges related to
nighttime recognition and adverse weather conditions. This trend enhances the
overall performance of ANPR systems across different environments. Graphics
Processing Units (GPUs) and Tensor Processing Units (TPUs) are increasingly
integrated into ANPR hardware to accelerate the execution of machine learning
and deep learning algorithms. This trend contributes to faster and more
efficient license plate recognition. ANPR systems are adopting wireless
communication technologies such as 4G and 5G for seamless data transfer.
Wireless connectivity enables flexibility in deployment and ensures continuous
communication even in remote or mobile applications. Integration with the
Internet of Things (IoT) platforms is a growing trend. ANPR systems with IoT
compatibility can contribute to a more interconnected and intelligent urban
infrastructure, allowing for enhanced data analytics and decision-making.
Display units and user interfaces are components that provide a means for
operators to monitor and interact with the ANPR system. These elements
contribute to user experience and system management. User-friendly touchscreen
interfaces are gaining popularity, providing intuitive controls and easy access
to system settings. Touchscreen displays enhance the usability of ANPR systems
for operators in various applications.
Based
on type, the Mobile segment is projected to dominate the market throughout the
forecast period. Mobile ANPR systems are commonly integrated into law
enforcement vehicles for real-time identification of license plates. This aids
in identifying stolen vehicles, enforcing traffic regulations, and enhancing
overall public safety. Mobile ANPR installations can be deployed temporarily
for events, public gatherings, or specific law enforcement operations where
temporary monitoring is required. ANPR systems mounted on emergency response
vehicles, such as ambulances or fire trucks, can aid in the quick
identification of vehicles and enhance the coordination of emergency services.
Mobile ANPR installations offer flexibility in deployment, allowing law
enforcement agencies and other users to move the system to areas with specific
monitoring requirements. Mobile ANPR systems enable dynamic monitoring of
different locations, making them suitable for applications such as tracking
vehicles involved in criminal activities or monitoring traffic patterns during
events. The mobile type segment allows for quick deployment of ANPR technology
for special law enforcement operations or emergency response scenarios. In
conclusion, the mobile type segment of the ANPR System Market offers advantages
in terms of flexibility and dynamic monitoring capabilities, catering to law
enforcement, event management, and emergency response needs. Despite challenges
related to power supply and integration complexity, the mobile type segment presents
significant growth opportunities in various application areas.
Key
market players in the Global Automatic Number Plate Recognition [ANPR] System
Market are:-
- Hikvision
- Axis
Communications AB
- Zhejiang Dahua
Technology Co., Ltd.
- Hanwha Group
- Siemens AG
- Motorola
Solutions, Inc.
- Efkon
- Omniq Corp
- IntelliVision
- Smart Parking
Inc.
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“The
Global Automatic Number Plate Recognition [ANPR] System Market in Asia-Pacific is
poised to be the dominant force in the industry. The Asia-Pacific region presents high growth potential for
the ANPR system market. The increasing urbanization, growing population, and
rising disposable income levels contribute to the demand for advanced security
and traffic management solutions. Many countries in the Asia-Pacific region are
investing heavily in smart city projects, aiming to improve overall urban
infrastructure. ANPR systems play a crucial role in these initiatives by
providing intelligent solutions for traffic management, law enforcement, and
public safety. Urbanization in countries like China and India has led to
increased traffic congestion and the need for efficient traffic monitoring
solutions. ANPR systems offer a viable solution for managing vehicular
movements in densely populated urban areas.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Automatic
Number Plate Recognition [ANPR] System Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast Segmented By Component (Hardware and
Software), By Type (Mobile and Fixed), By Application (Law Enforcement, Traffic
Management, Toll Collection and Others), By Region, and By Competition
2019-2029”
has evaluated the future growth potential of Global Automatic Number Plate Recognition
[ANPR] System Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Automatic
Number Plate Recognition [ANPR] System Market.
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