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Automatic number plate recognition is a new technology that makes use of optical character recognition technology to read car registration plates to produce detailed vehicle location information for vehicles. It is capable of using any existing closed-circuit TV, police cameras, or specialized cameras specifically designed for this purpose. The system works by "surfing" the image of the plate and reading any sign or symbol which causes the eye to move, such as an "M" or a "Z". If the eye is not convinced by looking at the number plate it is not convinced by seeing the symbol. This method of reading is used on a large scale in several countries today. Automatic number plate recognition has its roots in several years of development. During this time it has been improved in size and capability. Currently, it is being used on roads in the U.K., Australia, Canada, and New Zealand. Currently, this technology is available in the United States and other countries. Automobile clubs and insurance companies are using it for verification purposes.

Market Dynamics

Rapid development of smart cities in both developed and emerging economies is expected to boost the global automatic number plate recognition market growth over the forecast period. The advent of smart city projects has increased the demand for automatic plate recognition systems. For instance, in June 2015, the Government of India launched ‘100 Smart Cities Mission’, allocating a fund of US$ 14 billion. Such projects are expected to increase investment in infrastructure thereby accelerating the demand for automatic number plate recognition.

Furthermore, increasing use of video analytics technology for intelligent monitoring of vehicles is expected to propel the global automatic number plate recognition market growth in the near future.

Key features of the study:

  • This report provides in-depth analysis of the automatic number plate recognition  market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global automatic number plate recognition  market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include ARH, Inc., Vigilant Solutions, Bosch Security Systems, Inc., Tattile S.r.l., Digital Recognition Systems, Ltd., Siemens AG, ELSAG North America LLC, Q-Free ASA, Genetec, Inc., PIPS Technology Ltd., and NDI Recognition Systems LLC.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global automatic number plate recognition  market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automatic number plate recognition  market

Detailed Segmentation:

  • Global Automatic Number Plate Recognition Market, By Application
    • Security and Surveillance
    • Vehicle Parking
    • Traffic Management
    • Toll Enforcement
  • Global Automatic Number Plate Recognition Market, By End-use Industry
    • Government
      • Homeland Security
      • Traffic Department
      • Defense
    • Commercial
      • Entertainment and Recreation Facilities
      • Dedicated Car Parks
  • Global Automatic Number Plate Recognition Market, By Region
    • North America
      • U.S.
      • Rest of North America
    • Europe
      • EU7
      • CIS
      • Rest Of Europe
    • Asia Pacific
      • China
      • Japan
      • South East Asia
      • Australia
      • Rest of APAC
    • Middle East and Africa (MEA)
      • GCC
      • North Africa
      • Southern Africa
      • Rest of MEA
    • Latin America
      • Brazil
      • Rest of Latin America
  • Company Profiles
    • ARH, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Vigilant Solutions
    • Bosch Security Systems, Inc.
    • Tattile S.r.l.
    • Digital Recognition Systems, Ltd.
    • Siemens AG
    • ELSAG North America LLC
    • Q-Free ASA
    • Genetec, Inc.
    • PIPS Technology Ltd.
    • NDI Recognition Systems LLC

*Browse all the market data tables and figures on "Global Automatic Number Plate Recognition Market - Forecast to 2028”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Porter’s Analysis
    • PEST Analysis
  4. Global Automatic Number Plate Recognition Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Security and Surveillance
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Vehicle Parking
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Traffic Management
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Toll Enforcement
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Automatic Number Plate Recognition Market, By End-use Industry, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Government
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
        • Homeland Security
        • Traffic Department
        • Defense
    • Commercial
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
        • Entertainment and Recreation Facilities
        • Dedicated Car Parks
  6. Global Automatic Number Plate Recognition Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Country, 2020 and 2028 (%)
    • North America
      • Market Overview
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2017–2028 (US$ Million)
      • Country Analysis
        • U.S.
        • Rest of North America
    • Europe
      • Market Overview
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2017–2028 (US$ Million)
      • Country Analysis
        • EU7
        • CIS
        • Rest Of Europe
    • Asia Pacific
      • Market Overview
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2017–2028 (US$ Million)
      • Country Analysis
        • China
        • Japan
        • South East Asia
        • Australia
        • Rest of APAC
    • Middle East and Africa (MEA)
      • Market Overview
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2017–2028 (US$ Million)
      • Country Analysis
        • GCC
        • North Africa
        • Southern Africa
        • Rest of MEA
    • Latin America
      • Market Overview
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2017–2028 (US$ Million)
      • Country Analysis
        • Brazil
        • Rest of Latin America
  7. Competitive Landscape
    • Company Profiles
      • ARH, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Vigilant Solutions
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bosch Security Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tattile S.r.l.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Digital Recognition Systems, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ELSAG North America LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Q-Free ASA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Genetec, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • PIPS Technology Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NDI Recognition Systems LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on “Global Automatic Number Plate Recognition Market-forecast to 2028”.

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