Number Plates And ANPR Camera Systems

Reg Plates Article

Number Plates And ANPR Camera Systems

Automatic Number Plate Recognition (ANPR) System Market to Reach $4.64 Billion by 2030
Pune, India, Nov. 27, 2023 -- The global automatic number plate recognition (ANPR) system market is expected to reach $4.64 billion by 2030, up from $2.51 billion in 2022, at a CAGR of 7.6%. The market is being driven by the increasing adoption of ANPR technology in smart parking, toll collection, and law enforcement applications.

Key Market Drivers

Smart Parking: ANPR technology is being used to develop smart parking systems that can automatically detect and track vehicles in parking lots. This can help to improve parking management, reduce congestion, and increase revenue for parking operators.
Toll Collection: ANPR technology is being used to automate toll collection, which can help to reduce traffic congestion and improve toll collection efficiency.
Law Enforcement: ANPR technology is being used by law enforcement agencies to identify and track vehicles of interest. This can help to improve public safety and reduce crime.
Regional Market Trends

Asia Pacific: Asia Pacific is expected to be the fastest-growing regional market for ANPR systems over the forecast period. This is due to the rapid urbanization and increasing adoption of smart city initiatives in the region.
North America: North America is expected to be the second-largest regional market for ANPR systems. The market is being driven by the increasing demand for ANPR technology from law enforcement agencies and transportation departments.
Europe: Europe is expected to be the third-largest regional market for ANPR systems. The market is being driven by the growing adoption of ANPR technology in smart cities and the increasing use of ANPR technology for traffic enforcement.
Competitive Landscape

The ANPR system market is fragmented, with a number of small and medium-sized enterprises (SMEs) competing with large multinational corporations. Some of the leading players in the market include Axis Communications, Hikvision, Dahua Technology, Hanwha Group, and Siemens.

Recent Industry Developments

In May 2023, Hanwha Vision launched an AI-enabled high-speed ANPR camera for license plate detection applications. The camera can identify number plates and vehicles even when they are moving at speeds of up to 200 km/h.
In April 2023, Axis Communications announced that it had partnered with Motorola Solutions to develop a new ANPR solution for law enforcement applications. The solution combines Axis's ANPR cameras with Motorola's software to provide real-time vehicle identification and tracking.
The future of the ANPR system market is bright. The increasing adoption of ANPR technology in smart cities, law enforcement, and transportation is expected to drive significant market growth over the next few years.

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