Global Automatic Number Plate Recognition System Market Top Leaders, Future Scope and Outlook 2029
Global Automatic Number Plate Recognition System Market: is expected to reach US$ 6.38 Bn. by 2029, at a CAGR of 9.23% during the forecast period.
Global Automatic Number Plate Recognition System Market Overview:
This study categorises the Global Automatic Number Plate Recognition System Market in order to anticipate revenues and analyse trends in each of the sub-markets listed below.
The Competition Strategic Window investigates the competition landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their strengths and future growth possibilities.
Global Automatic Number Plate Recognition System Market Dynamics:
Traffic control and vehicle owner identification has become a major problem in every country. Sometimes it becomes difficult to identify vehicle owners who break traffic rules and drives too fast. So, it is not possible to catch and punish those people instantly by traffic workforce. Therefore, there is a need in developing an Automatic Number Plate Recognition (ANPR) system, which can solve this problem. There are several ANPR systems available today.
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Market Scope:
The Global Automatic Number Plate Recognition System Industry research provides readers with a more in-depth insight of the market and competitive landscape, helping them to make better decisions on market growth and expansion. The study includes a participant summary, revenue figures, capital investment, and worldwide Global Automatic Number Plate Recognition System market growth rates.
Global Automatic Number Plate Recognition System Market Segmentation:
Based on type, the fixed ANPR system segment held the highest market in 2021 and the trend is anticipated to continue in the future. It is expected, that the segment will exhibit an impressive growth in the forecast period. Fixed ANPR system is popular in many types of outdoor and indoor premises, they are usually mounted on street lights, buildings, signboards, etc. The portable ANPR system segment holds the second position and is expected to grow at the largest CAGR of XX% during the forecast period.
By application, the segment is expected to grow at the largest CAGR of XX% during the forecast period, its increasing usage in securing at public venues like sporting events, conventions, and concerts. Meanwhile, the electronic toll collection segment is projected to capture the highest CAGR during the forecast period.
Global Automatic Number Plate Recognition System Market Key Players:
• 3M Co
• Q-Free ASA
• ARH Inc.
• Vigilant Solutions Inc.
• NDI Recognitions Systems Ltd.
• Elsag North America LLC
• CA Traffic Ltd.
• Captec Ltd.
• ClearView Communications
• COBAN Technologies Inc
• DTK Software
• FLIR Systems
• Gtechna Inc.
• Digital Recognition Systems Ltd.
• Kapsch TrafficCom AG
• Conduent, Inc.
• Siemens AG
• Neology, Inc.
• Bosch Security Systems GmbH
• Tattile srl
• TagMaster North America, Inc
• Euro Car Parks Limited
• Quercus Technologies
• Vigilant Solutions, Inc.
• HTS
• FF Group
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Regional Analysis:
The Global Automatic Number Plate Recognition System market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Global Automatic Number Plate Recognition System market share and will continue to be a major shareholder in the global Global Automatic Number Plate Recognition System market.
COVID-19 Impact Analysis on Global Automatic Number Plate Recognition System Market: The COVID-19 impact on the Global Automatic Number Plate Recognition System market is also included in the report
Key Questions Answered in the Global Automatic Number Plate Recognition System Market Report are:
- What will be the CAGR of the Global Automatic Number Plate Recognition System market during the forecast period?
- Which segment emerged as the leading segment in the Global Automatic Number Plate Recognition System market?
- Which are the prominent players in the Global Automatic Number Plate Recognition System market?
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