Press Release
Global Automatic Number Plate Recognition Market is Expected to Reach $1,402 Million by 2024, Says Variant Market Research
 Published Date:  Jul 2017  Publish By: Variant Market Research

Global Automatic Number Plate Recognition Market Report, published by Variant Market Research, forecast that the global market is expected to reach $1,402 Million in 2024 from $518 Million in 2016, growing at a CAGR of 13.3% from 2016 to 2024. By geography, Asia Pacific and North America are expected to grow at a CAGR of 14% and 13.7%, respectively, during the forecast period.

"Automatic Number Plate Recognition Market (By Application: Security & Surveillance, Vehicle Parking, Traffic Management And Toll Enforcement; By End-Use Industry: Government (Homeland Security, Traffic Department And Defense) And Commercial (Entertainment & Recreation Facilities And Dedicated Car Parks); By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024"

To browse the complete report, visit at: https://www.variantmarketresearch.com/report-categories/automotive/automatic-number-plate-recognition-market

Initiative by various government bodies to incorporate new technology for safety and security for general public coupled with increasing rates of crime and terrorist threats are the major factors supporting the growth of the global automatic number plate recognition market. Moreover, development of smart cities with technological advanced solutions also supports the growth of the market.

By applications, security & surveillance accounted for the largest share followed by traffic management in 2016. Moreover, by end-use industry, government holds the highest share in the automatic number plate recognition market due to extensive use of ANPR systems in recognition and prevention of crimes and terror attacks along with increasing control and traffic enforcement.

Asia Pacific is the fastest growing region in the global automatic number plate recognition market, and is expected to continue this trend due to increasing adoption of ANPR systems by various government organizations. Europe accounts the largest share of the market due to stringent traffic rules and regulations to enhance the road safety, followed by North America in 2016.

The key players of Automatic Number Plate Recognition market include 3M Company, Siemens AG, Intelligent Traffic Solutions Ltd., Genetec Inc., Vigilant Solutions Inc., Bosch Security Systems, CA Traffic Limited, ELSAG North America, COBAN Technologies and NDI Recognition Systems Ltd.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Value Chain Analysis
    3.4 Market Dynamics
          3.4.1 Drivers
                   3.4.1.1 Impact Analysis
          3.4.2 Restraints
                   3.4.2.1 Impact Analysis
          3.4.3 Opportunities
    3.5 Porter’s five forces analysis
          3.5.1 Factors Impact Analysis
Chapter 4 Automatic Number Plate Recognition Market by Application: Market Size and Forecast, 2015 – 2024
    4.1 Security & Surveillance
          4.1.1 Current Trend and Analysis
          4.1.2 Market Size and Forecast
    4.2 Vehicle Parking
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast
    4.3 Traffic Management
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast
    4.4 Toll Enforcement
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast
Chapter 5 Automatic Number Plate Recognition Market by End-Use Industry: Market Size and Forecast, 2015 – 2024
    5.1 Government
          5.1.1 Current Trend and Analysis
          5.1.2 Market Size and Forecast
    5.2 Homeland Security
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast
    5.3 Traffic Department
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
    5.4 Defense
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast
    5.5 Commercial
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast
    5.6 Entertainment & Recreation Facilities
          5.6.1 Current Trend and Analysis
          5.6.2 Market Size and Forecast
    5.7 Dedicated Car Parks
          5.7.1 Current Trend and Analysis
          5.7.2 Market Size and Forecast
Chapter 6 Automatic Number Plate Recognition Market by Geography: Market Size and Forecast, 2015 – 2024
    6.1 North America
          6.1.1 Current Trend and Analysis
          6.1.2 Market Size and Forecast
          6.1.3 US
          6.1.4 Canada
          6.1.5 Mexico
    6.2 Europe
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast
          6.2.3 United Kingdom.
          6.2.4 Italy
          6.2.5 France
          6.2.6 Germany
          6.2.7 Others
    6.3 Asia-Pacific
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast
          6.3.3 China
          6.3.4 South East Asia
          6.3.5 Japan
          6.3.6 Others
    6.4 RoW
          6.4.1 Current Trend and Analysis
          6.4.2 Market Size and Forecast
          6.4.3 Middle East
          6.4.4 South America
          6.4.5 Africa
Chapter 7 Company Profiles
    7.1 3M Company
    7.2 Siemens AG
    7.3 Intelligent Traffic Solutions Ltd.
    7.4 Genetec Inc.
    7.5 Vigilant Solutions Inc.
    7.6 Bosch Security Systems
    7.7 CA Traffic Limited
    7.8 ELSAG North America
    7.9 COBAN Technologies
    8.10 NDI Recognition Systems Ltd

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