DUBLIN, Jan. 05, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/jprxmj/automatic_number) has announced the addition of the "Automatic Number Plate Recognition (ANPR) Market (Security and Surveillance, Vehicle Parking, Traffic Management, Toll Enforcement) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" report to their offering.
The global automatic number plate recognition (ANPR) market, valued at USD 415.5 million in 2013, is expected to witness strong growth at a CAGR of 13.5% during 2014 to 2020. The automatic number plate recognition systems identify the number plate on the vehicle, recognize the characters, convert them into digital data and store the license plate number in a database. Automatic number plate recognition systems are seeing increasing adoption across different applications such as traffic enforcement, security and surveillance, parking management and toll enforcement. The key factor driving the growth of ANPR systems globally is its high penetration in traffic enforcement and security and surveillance applications across the world.
The global automatic number plate recognition (ANPR) market is segmented by application types, end usage, and geographic regions. In 2013, security and surveillance application dominated the global ANPR systems market in terms of revenue and accounted for more than quarter of the global market. A large number of police departments and security agencies globally use ANPR systems to enhance security in the respective regions. ANPR systems are also used in large numbers for traffic management applications. ANPR applications for traffic management include red light control, speed enforcement and congestion charging. The installation of ANPR systems minimizes human intervention, thereby providing cost related benefits.
Based on the revenues generated from different geographies, Europe dominated the global ANPR market in 2013. UK is one the largest market in the region for the adoption of ANPR systems. Also, rising penetration of ANPR in countries such as Germany, Italy, Hungary and Russia has significantly supported the growth of ANPR systems market in Europe. The demand for ANPR systems is expected to increase in Asia Pacific, particularly in developing economies such as China and India where adoption of ANPR in both government and commercial sector is increasing rapidly. However, challenges such as intrusion of privacy and non-uniformity in number plate design are restraining the market growth. In the coming few years, the demand from commercial sector is expected to increase owing to the increasing installations in vehicle parking application, thus offering potential opportunities.
Some of the key players in the global automatic number plate recognition marketplace include PIPS Technology Ltd., NDI Recognition Systems Ltd., Genetec Inc., Tattile Srl and Bosch Security Systems. The key strategy used by players to sustain in the ANPR market is to develop ANPR solutions with better reading capabilities and integrated ANPR systems. The market is highly fragmented and thus, the competition within a particular market segment such as ANPR engine manufacturing, ANPR component manufacturers and system integrators is high. In the coming few years, manufacturers are expected to expand their operations in emerging economies such as China and India as the ANPR adoption in these countries is expected to swell over the forecast period.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global ANPR Market Overview
Chapter 4 Global ANPR Market Revenue, by Application
Chapter 5 Global ANPR Market Revenue, by End-user
Chapter 6 Global ANPR Market Revenue, by Geography
Chapter 7 Company Profiles
- ARH, Inc.
- Bosch Security Systems, Inc.
- Digital Recognition Systems, Ltd.
- ELSAG North America LLC
- Genetec, Inc.
- NDI Recognition Systems LLC
- PIPS Technology Ltd.
- Q-Free ASA
- Siemens AG
- Tattile S.r.l.
- Vigilant Solutions
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SOURCE Research and Markets