Automatic Number Plate Recognition (ANPR) System Market :Growing Usage of Video Analytics Technology

The automatic number plate recognition (ANPR) system market in 2016 was valued at USD 1.78 Billion and is expected to reach USD 3.57 Billion by 2023, at a CAGR of 9.74% between 2017 and 2023. The base year considered for the study is 2016 and the forecast period is between 2017 and 2023. This report provides a detailed analysis of the ANPR system market based on type, component, application, and geography.

The ANPR system utilizes the optical character recognition technology to read the registration plates of vehicles. The license plate recognition technology, which primarily consists of software, is used to enable computer systems to automatically read the license number/registration numbers of vehicles from digital pictures.

Two components are involved in ANPR systems: camera and software. The camera is used to detect passing vehicles, capture their images, and send the images to a computer for processing. The software is used to recognize the characters on the number plate and stores them in a database.

Factors that are driving this market include the infrastructure growth in emerging economies, increasing allocation of funds by various governments on intelligent transport system (ITS), deployment of camera technologies in security and surveillance, and traffic enforcement application, and the growing usage of video analytics technology for intelligent monitoring of vehicles.

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Fixed ANPR systems to hold the largest share of the market

Fixed ANPR systems held the largest market share in 2016. The growth of these systems is attributed to the increasing demand from applications such as traffic management, toll collection, and parking management. The advancement in video analytics to capture, process, and store images of number plates has improved the capabilities of ANPR systems. This is encouraging more people to use this system on a permanent basis.

Market for electronic toll collection application is expected to grow at the highest rate

The market for electronic toll collection (ETC) application is expected to grow rapidly during the forecast period. The increasing use of ETC systems in highways for identifying number plates of vehicles is driving the growth of the ANPR system market.

Europe is expected to hold the largest market share during the forecast period

Europe was the largest market for ANPR systems in 2016. The large market in this region can be attributed to the high adoption of intelligent transportation systems for traffic management, tolling management, law/police enforcement, and other applications. The market in Europe has been segmented into Germany, the UK, France and the Rest of Europe.

Some major companies offering ANPR systems in Europe include ARH Inc. (Hungary), Digital Recognition Systems Ltd. (UK), NDI Recognition Systems Ltd. (UK), and Q-Free ASA (Norway). The key players in the market include Kapsch TrafficCom AG (Austria), Conduent, Inc. (US), Q-Free ASA (Norway), Siemens AG (Germany)

This report categorizes the global ANPR system market on the basis of type, component, application, and geography. The report describes the drivers, restraints, opportunities, and challenges for the growth of this market.