Automatic Number Plate Recognition (ANPR) System Market to Cross US$ 1.3 Bn by 2023 – Credence Research

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Automatic Number Plate Recognition (ANPR) System Market to Cross US$ 1.3 Bn by 2023 –
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According to a new market research report published by Credence Research “Automatic Number Plate
Recognition (ANPR) System Market (Security & Surveillance, Toll Enforcement, Vehicle Parking and Traffic
Management) - Growth, Future Prospects and Competitive Landscape, 2016-2023”, automatic number plate
recognition system market is estimated to grow with a CAGR of 12.3% from 2016 to 2023.
The complete report is available at http://www.credenceresearch.com/report/automatic-number-platerecognition-system-market
Market Insights
The automatic number plate recognition (ANPR) system market is majorly governed by the increasing number
of on-road vehicles worldwide. Issues related to vehicles such as car theft, traffic management as well as vehicle
parking, are rising hand in hand with increase in on-road vehicles. ANPR system is one of the most effective
ways to curb the aforementioned instances. Apart from regulating traffic and crime control, ANPR system also
serves other applications such as automatic toll collection, red light control, automatic car parks and others. An
ANPR system helps to automate overall traffic management. Consequently, the demand for ANPR system has
witnessed strong growth over the period of time.
The automatic number plate recognition (ANPR) system market is segmented on the basis of application types
and end-use. On the basis of application type, the market has been segmented into security and surveillance,
toll enforcement, vehicle parking and traffic management. Currently, the market is dominated by the security
and surveillance segment accounting for more than 50% of the total market revenue. Automatic number plate
recognition system is mostly used for security and surveillance to curb car thefts, traffic monitoring and other
crimes. Security and surveillance systems (especially in parking spaces) are installed by both government as well
as private organizations, leading to large room for ANPR system penetration. Hence, the segment is expected
to hold its dominant position in the market throughout the forecast period.
Further, on the basis of end-use applications, the market has been broadly segmented into government and
commercial. As of 2015, the ANPR system market is dominated by the government application segment. ANPR
systems have witness profound adoption across the different government sectors over the period of time and
hence the dominance. Automatic number plate recognition systems are being accepted progressively for
government sectors such as traffic enforcement department, defense application as well as homeland security
department. The market for ANPR system in commercial segment is majorly governed by the ever-increasing
need for effective traffic management and car parking facilities. Consequently, ANPR system market in
commercial application segment is expected to grow consistently during the forecast.
Competitive Insights:
Automatic number plate recognition system market is quite fragmented in nature with large number of
international as well as regional players operating in the market. The international players such as 3M, Bosch
Security Systems, ARH Inc., SensysGatso, NDI Recognition Systems Ltd and others face substantial competition
from the regional players. This has significantly increased the competition among the ANPR system
manufacturers over the period of time. Companies are striving continuously to develop a sophisticated image
capturing hardware and efficient and fast software paired with hardware.

Key Trends:
Development of new infrared cameras to capture better images in hostile conditions
Strengthening global sales channel in order to maintain and expand the sales
Steady growth in automobile sector and automated road safety management system.
Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Automatic Number Plate Recognition System Market
2.2 Global Automatic Number Plate Recognition System Market, By Application
2.3 Global Automatic Number Plate Recognition System Market, By End Use
2.4 Global Automatic Number Plate Recognition System Market, By Geography
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Automatic Number Plate Recognition System Market Revenue and Growth, 2013 - 2023, (US$ Mn)
3.2 Market Inclination Insights

3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Value Chain Analysis
3.7 Attractive Investment Proposition
3.8 Competitive Analysis
3.8.1 Market Positioning of Key Vendors
Chapter 10 Company Profiles
10.1 RW Automotive Holdings Corp.
10.2 Aisin-Seiki Co. Ltd.
10.3 Continental AG
10.4 Akebono Brake Industry Co. Ltd.
10.5 Brembo S.P.A.
10.6 Halla Mando Corp.
10.7 Robert Bosch GmbH
10.8 CA Traffic Limited
10.9 Knorr Bremse AG
10.10 Haldex
10.11 ZF TRW
10.12 Advics Group
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