Data Bridge Market Research analyses that the automatic number plate recognition market would exhibit a CAGR of 7.30% for the forecast period of 2022-2029. Growing number of passengers cars on the roads especially in the developing economies, increased focus towards strengthening the security systems, growth and expansion of automotive industry especially in the developing economies and rising number of road accidents, signal breaks and other such incidents on the roads are the major factors attributable to the growth of automatic number plate recognition market. Therefore, the market value would rocket up to USD 4.74 billion by 2029.
Automatic Number Plate Recognition System market report consists of the systematic and comprehensive market research study that provides the facts and figures in the field of marketing. The report provides market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios. For sound decision making and superior management of goods and services, these days businesses are adopting a market research report solution. An excellent Automatic Number Plate Recognition System report has well interpreted and well categorized market research data that brings marketplace clearly into the focus.
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Automatic Number Plate Recognition System market research report is mainly delivered to the users in the form of PDF or spreadsheet. However, PPT format can also be offered if the client has specified such requirement. The competitive landscape part of the report provides a clear insight into the market share analysis of key industry players. CAGR values for the market for an estimated forecast period of 2023 to 2029 are mentioned in the report which helps determine costing and investment values or strategies. By combining lot of efforts and leaving no stone unturned, this market report has been prepared. In addition, Automatic Number Plate Recognition System document also offers top to bottom assessment of the market as far as income and developing business sector is concerned.
Product definition
From the name itself, it is clear that automatic number plate recognition system is a technology that is installed on the roads at designated places to identify the number of the plate and identify the owner of it when required. In other words, the automatic number plate recognition systems are used for mass surveillance that allows optical character recognition and capturing the images.
Some of the major players operating global Automatic Number Plate Recognition System market are
Kapsch TrafficCom AG, Conduent, Inc., Q-Free ASA., Siemens, Genetec Inc., Adaptive Recognition Inc., Neology Inc., Vigilant Solutions., Bosch Security Systems, LLC., Tattile s.r.l., Digital Recognition Systems Ltd., NDI Recognition Systems., Axis Communications AB, Vaxtor Ltd, Leonardo USA, Northrop Grumman Corporation, Lockheed Martin Corporation, Thales Group, Raytheon Company and Honeywell International, Inc., among others.
Key Market Segments Covered in Automatic Number Plate Recognition System Market Industry Research
By Component (Automatic Number Plate Recognition Cameras, Automatic Number Plate Recognition Software, Frame Grabbers, Triggers and Others),
Type (Fixed Automatic Number Plate Recognition Systems, Mobile Automatic Number Plate Recognition Systems and Portable Automatic Number Plate Recognition Systems),
Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management and Access Control),
End User (Government, Homeland Security, Traffic Department, Defense, Commercial, Entertainment and Recreation Facilities and Dedicated Car Parks),
Automatic Number Plate Recognition System Market Scope and Market Size
The global automatic number plate recognition market is segmented on the basis of component, type, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of component, the automatic number plate recognition system market is segmented into automatic number plate recognition cameras, automatic number plate recognition software, frame grabbers, triggers, and others.
- On the basis of type, the automatic number plate recognition system market is segregated into fixed automatic number plate recognition syst11ems, mobile automatic number plate recognition systems, and portable automatic number plate recognition systems.
- On the basis of application, the automatic number plate recognition system market is bifurcated into traffic management, law enforcement, electronic toll collection, parking management, and access control.
- On the basis of end user, the automatic number plate recognition system market is fragmented into government, homeland security, traffic department, defense, commercial, entertainment and recreation facilities, and dedicated car parks.
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Automatic Number Plate Recognition System Market Country Level Analysis
The global automatic number plate recognition market is analysed and market size insights and trends are provided by country, component, type, application and end user as referenced above.
The countries covered in the automatic number plate recognition market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automatic number plate recognition market and will continue to flourish its trend of dominance during the forecast period owing to the rapid digitalization of traffic monitoring devices on highways, bridges, and tunnels. Asia-Pacific will however, score the highest growth rate owing to the growing adoption of highly advanced technologies, increasing research and development activities, growth and expansion of automotive and surveillance sectors in this region and rising personal disposable income.
How does this Automatic Number Plate Recognition System Market Insights Help?
- Global Automatic Number Plate Recognition System Market share (regional, product, application, end-user) both in terms of volume and revenue along with CAGR
- The Key parameters which are driving this market and restraining its growth
- What all challenges manufacturers will face as well as new opportunities and threats faced by them
- To learn about the market strategies that are being adopted by your competitors and leading organizations
- To Increase insightful analyses of the market and have a comprehensive understanding of the “Automatic Number Plate Recognition System Market” and its commercial landscape
TABLE OF CONTENTS
- Part 01: Executive Summary
- Part 02: Scope of The Report
- Part 03: Research Methodology
- Part 04: Market Landscape
- Part 05: Pipeline Analysis
- Part 06: Market Sizing
- Part 07: Five Forces Analysis
- Part 08: Market Segmentation
- Part 09: Customer Landscape
- Part 10: Regional Landscape
- Part 11: Decision Framework
- Part 12: Drivers and Challenges
- Part 13: Market Trends
- Part 14: Vendor Landscape
- Part 15: Vendor Analysis
- Part 16: Appendix
For Detailed TOC | Follow @ https://www.databridgemarketresearch.com/toc/?dbmr=global-automatic-number-plate-recognition-system-market
Queries Resolved In This Report:
- Which will be the specialties at which Automatic Number Plate Recognition System Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
- Which will be the foreseen development rates for your own Automatic Number Plate Recognition System economy out and out and furthermore for each portion inside?
- Which will be the Automatic Number Plate Recognition System application and sorts and estimate joined intently by makers?
- Which will be the dangers which will attack growth?
- The length of the global Automatic Number Plate Recognition System market opportunity?
- How Automatic Number Plate Recognition System Market share advance vacillations their value from various assembling brands?
WHO SHOULD BUY THE GLOBAL AUTOMATIC NUMBER PLATE RECOGNITION SYSTEM REPORT?
People looking to enrich the decision-making capability by following points must buy the report:
- Breakdown of market share of the top Automatic Number Plate Recognition System industry players
- Evaluations of market share for the regional and country level sectors
- Estimation of Automatic Number Plate Recognition System market for the forecast period of all the aforementioned classes, sub classes, and the domestic markets
- Tactical recommendation for the newbies
- Tactical recommendation in primary business industries based on the Automatic Number Plate Recognition System market forecast
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